Business
US consumer confidence falls in November for 2nd month
By Christopher Rugaber, The Associated Press on November 29th, 2022
U.S. consumer confidence fell for the second straight month in November amid ongoing high inflation, rising interest rates, and layoffs in the tech sector. The Conference Board reported Tuesday that its consumer confidence index fell to 100.2 this month, down from 102.2 in October. The business research group’s present situation index – which measures consumers’ ... Read More »
Be the first to comment!Shaw remains optimistic it can complete Rogers deal despite opposition
By The Canadian Press on November 29th, 2022
Shaw Communications Inc. says it remains optimistic the company will be able to complete its deal to be bought by Rogers Communications Inc. despite opposition from the Competition Bureau. Brad Shaw, the company’s executive chair and chief executive, says the company remains committed to the deal that would also see Videotron Ltd. acquire Shaw’s Freedom ... Read More »
1 responseWall Street is off to a wobbly start; crude oil prices rise
By Yuri Kageyama, The Associated Press on November 29th, 2022
NEW YORK (AP) – Stocks are off to a wobbly start on Wall Street and as some concerns dissipate over the protests in China against that country’s severe COVID restrictions. The S&P 500 was bobbing between small gains and losses in the early going Tuesday, as was the Dow Jones Industrial Average. Small-company stocks were ... Read More »
1 responseRestaurant Brands to expand Burger King, Popeyes in Eastern Europe through McWin deal
By The Canadian Press on November 29th, 2022
TORONTO – Restaurant Brands International Inc. is expanding two of its biggest fast-food brands in Eastern Europe through an affiliate of restaurant operator McWin. The company says McWin’s newly launched Rex Concepts CEE platform has acquired master franchise and development rights to expand Burger King in Czech Republic, Poland and Romania and to introduce Popeyes ... Read More »
1 responseApple Music reveals top music in 2020 and listener charts
By Mark Kennedy, The Associated Press on November 29th, 2022
NEW YORK (AP) – “Stay,” the smash hit by The Kid Laroi and Justin Bieber topped Apple Music’s global song chart in 2022 as the giant music streamer released its end-of-year lists and provided listeners with data on their own most listened-to tunes. “Stay,” which stayed atop the Billboard Hot 100 for seven weeks this ... Read More »
1 responseThe AP Interview: IMF head urges China to end mass lockdowns
By David Mchugh, The Associated Press on November 29th, 2022
BERLIN (AP) – It is time for China to move away from massive lockdowns and toward a more targeted approach to COVID-19, the head of the International Monetary Fund said days after widespread protests broke out, a change that would ease the impact to a world economy already struggling with high inflation, an energy crisis ... Read More »
1 responseCanadian economy grew at annualized rate of 2.9% in third quarter
By The Canadian Press on November 29th, 2022
OTTAWA – The Canadian economy grew at an annualized rate of 2.9 per cent in the third quarter, Statistics Canada said. The federal agency released two reports on real gross domestic product Tuesday, shedding light on economic growth in September and the third quarter of the year. Real domestic product in the third quarter increased ... Read More »
Be the first to comment!TC Energy expects cost of Coastal GasLink pipeline project to rise
By The Canadian Press on November 29th, 2022
CALGARY – TC Energy Corp. says it expects what it is calling a material increase in the cost of its Coastal GasLink pipeline project. The company says it continues to face significant cost pressures in Western Canada relating to labour costs and shortages of skilled labour, along with contractor underperformance and disputes. TC Energy says ... Read More »
Be the first to comment!Canadian economy grew by 0.7 per cent in third quarter
By The Canadian Press on November 29th, 2022
OTTAWA – The Canadian economy grew at an annualized rate of 2.9 per cent in the third quarter, Statistics Canada said. The federal agency released two reports on real gross domestic product Tuesday, shedding light on economic growth in September and the third quarter of the year. Real domestic product in the third quarter increased ... Read More »
Be the first to comment!AP Interview: IMF chief urges targeted COVID policy in China
By David Mchugh, The Associated Press on November 29th, 2022
BERLIN (AP) – It is time for China to move away from massive lockdowns and toward a more targeted approach to COVID-19, the head of the International Monetary Fund said days after widespread protests broke out, a change that would ease the impact to a world economy already struggling with high inflation, an energy crisis ... Read More »
Be the first to comment!Suncor to keep Petro-Canada retail business after comprehensive review of business
By The Canadian Press on November 29th, 2022
Suncor Energy Inc. says it has decided to keep its Petro-Canada retail business after a comprehensive review that included what it would mean to sell the operations. The company says instead it will look to improve its retail operations including expanding strategic partnerships in non-fuel related businesses such as quick service restaurants, convenience stores, loyalty ... Read More »
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