Business
E3 Lithium gets $37M from feds to support oilfield lithium extraction
By The Canadian Press on November 28th, 2022
CALGARY – An Alberta-based company aiming to extract lithium from the province’s old oilfields has received $37 million from the federal government. E3 Lithium has developed a technology to extract lithium, a light metal used to make EV batteries, from oilfield brines. E3 Lithium has already drilled test wells within Alberta’s historic Leduc oilfield region. ... Read More »
Be the first to comment!‘Gaslighting’ is Merriam-Webster’s word of the year for 2022
By Leanne Italie, The Associated Press on November 28th, 2022
NEW YORK (AP) – “Gaslighting” – behavior that’s mind manipulating, grossly misleading, downright deceitful – is Merriam-Webster’s word of the year. Lookups for the word on merriam-webster.com increased 1,740% in 2022 over the year before. But something else happened. There wasn’t a single event that drove significant spikes in curiosity, as it usually goes with ... Read More »
Be the first to comment!Wall Street opens lower as lockdown protests spread in China
By Elaine Kurtenbach And Matt Ott, The Associated Press on November 28th, 2022
NEW YORK (AP) – Stocks are opening lower on Wall Street as protests spread in China calling for President Xi Jinping to step down amid growing anger over severe restrictions imposed as part of his “zero COVID” strategy in the world’s second-largest economy. The S&P 500 fell 0.5% and the Dow Jones Industrial Average lost ... Read More »
1 responseShopify says merchant sales set Black Friday record at US$3.36 billion
By The Canadian Press on November 28th, 2022
OTTAWA – Shopify Inc. says sales by merchants on its system set a new record for Black Friday as they rose 17 per cent compared with a year ago. The e-commerce company says merchant sales from the start of Black Friday in New Zealand through to the end of the period in California totalled US$3.36 ... Read More »
Be the first to comment!Banks to give financial update in Q4 results ahead of possible recession next year
By Ian Bickis, The Canadian Press on November 27th, 2022
TORONTO – Canadian banks are set to reveal how they’re faring in the lead up to a possible recession as they report quarterly earnings this week. As central banks raise interest rates to slow inflation, economic fears have held bank stocks back compared with the overall market, so analysts will be looking to see how ... Read More »
1 responseCalgary Loblaw distribution centre workers accept offer hours before lockout: union
By The Canadian Press on November 26th, 2022
CALGARY – Unionized workers at a Loblaw distribution facility in Calgary have accepted a contract offer hours before they were scheduled to be locked out. Teamsters Local Union 987 says 66 per cent of its members who work at the Calgary Freeport Facility voted Friday to accept the employer’s final offer. The union says 534 ... Read More »
1 responseBlack Friday, Cyber Monday divisions blur as shopping habits shift
By Tara Deschamps, The Canadian Press on November 26th, 2022
TORONTO – When Shopify Inc.’s Harley Finkelstein surveys November’s retail landscape, he finds it hard to see where Black Friday stops and Cyber Monday begins. The annual pre-holiday sales blitzes meant to encourage customers to drop cash on discounted goods have bled together in recent years, with stores extending Black Friday promotions beyond a single ... Read More »
1 responseS&P/TSX composite up slightly at the close, U.S. markets mixed
By The Canadian Press on November 25th, 2022
TORONTO – Canada’s main stock index was up at the close Friday with mixed results across sectors, while U.S. markets were also mixed with an early close. The S&P/TSX composite index was up 39.70 points at 20,383.77, down from mid-morning highs above 100 points. In New York, the Dow Jones industrial average was up 152.97 ... Read More »
1 responseA muted Black Friday for Canadians amid inflation, online shopping and longer deals
By Brett Bundale, The Canadian Press on November 25th, 2022
Canadians hunting for Black Friday deals did so without facing long lines or crowded shopping malls this year, as an extended period of sales and decades-high inflation weighs on consumers and prompts some to rein in spending. Retailers have stretched deals over several weeks and offered similar discounts online, taking some of the frenzy out ... Read More »
1 responseInflation hovers over shoppers seeking deals on Black Friday
By Anne D'innocenzio, Haleluya Hadero And Alexandra Olson, The Associated Press on November 25th, 2022
NEW YORK (AP) – Shoppers hunted for the best deals at stores and online as retailers offered new Black Friday discounts to entice consumers eager to start buying holiday gifts but weighed down by inflation. Due to elevated prices for food, rent, gasoline and other essentials, many people were reluctant to spend unless there was ... Read More »
1 responseBlack Friday off to muted start in stores as deals spread out, offers matched online
By Brett Bundale, The Canadian Press on November 25th, 2022
Canadian shoppers are out deal-hunting during a muted Black Friday as decades-high inflation weighs on consumers and prompts some to rein in spending. Retailers have stretched deals over several weeks and offered similar discounts online, taking some of the frenzy out of the holiday shopping event. Several big box stores in the Toronto area, such ... Read More »
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