Business
Oil and gas drilling sector wants federal tax credit to help it decarbonize
By Amanda Stephenson, The Canadian Press on November 23rd, 2022
CALGARY – The organization representing Canada’s oil and gas drilling sector is asking the federal government to create a new tax credit it says it needs to help the industry decarbonize. The Canadian Association of Energy Contractors (CAOEC) – which represents drilling rig and service rig companies across Western Canada, as well as offshore drilling ... Read More »
1 response‘Bodies drop’ as Walmart manager kills 6 in Virginia attack
By Alex Brandon And Ben Finley, The Associated Press on November 23rd, 2022
CHESAPEAKE, Va. (AP) – A Walmart manager pulled out a handgun before a routine employee meeting and began firing wildly around the break room of a Virginia store, killing six people in the nation’s second high-profile mass shooting in four days, police and witnesses said Wednesday. The gunman, who police believe shot himself, was dead ... Read More »
1 responseStocks gain ground on Wall Street ahead of US holiday
By Damian J. Troise And Alex Veiga, The Associated Press on November 23rd, 2022
NEW YORK – Stocks closed broadly higher on Wall Street Wednesday, after the minutes from the Federal Reserve’s most recent policy meeting showed central bank officials agreed that smaller rate hikes would likely be appropriate “soon.” The S&P 500 rose 0.6%, while the Dow Jones Industrial Average gained 0.3%. The Nasdaq composite closed 1% higher. ... Read More »
1 responseShaw CEO tells Competition Tribunal that company needs merger with Rogers
By The Canadian Press on November 23rd, 2022
OTTAWA – Shaw Communications Inc. says it doesn’t have the scale and size to give customers the services and products they want, which is why it made the decision to merge with Rogers Communications Inc. Shaw CEO Bradley Shaw told the Competition Tribunal Wednesday during the hearing on the $26-billion proposed deal with Rogers, that ... Read More »
1 responseSome Big Six banks pulling ahead on climate policy but more to be done: report
By Ian Bickis, The Canadian Press on November 23rd, 2022
TORONTO – Some of Canada’s Big Six banks are pulling ahead of others on climate policy but they all still have a ways to go, said a report out Wednesday. Key areas of difference emerging among banks, now that they’ve all released their initial net-zero emissions plans, include the targets they’ve set for reductions in ... Read More »
1 responseMost Fed officials at last meeting backed slower rate hikes
By Paul Wiseman, The Associated Press on November 23rd, 2022
WASHINGTON (AP) – Most Federal Reserve officials at their last meeting favored reducing the size of their interest rate hikes “soon” – just before raising their benchmark rate by a substantial three-quarters of a point for a fourth straight time. The central bank’s policymakers saw “very few signs that inflation pressures were abating.” Still, a ... Read More »
Be the first to comment!Barrick Gold facing lawsuit alleging Tanzanians were killed, injured by police
By The Canadian Press on November 23rd, 2022
TORONTO – A group of more than 20 Tanzanians and their family members have filed a lawsuit against Barrick Gold Corp., alleging they or their loved ones were beaten, shot at or killed by police at one of the company’s mines in the African country. The plaintiffs in the case against the Toronto-based gold miner ... Read More »
1 responseFed at last meeting saw few signs that inflation was easing
By Paul Wiseman, The Associated Press on November 23rd, 2022
WASHINGTON (AP) – Federal Reserve officials at their last meeting saw “very few signs that inflation pressures were abating” before raising their benchmark interest rate by a substantial three-quarters of a point for a fourth straight time. Rising wages, the result of a strong job market, combined with weak productivity growth, were “inconsistent” with the ... Read More »
1 responseSome Big Six banks pulling ahead of others on climate policy: report
By The Canadian Press on November 23rd, 2022
TORONTO – A report by a climate advocacy group shows that some Canadian banks are pulling ahead of others on climate policy now that they’ve all laid out their initial net-zero plans. The report card by Investors for Paris Compliance shows some of the differences emerging among bank policies including the ambition of their targets, ... Read More »
1 responseTech stocks helps lift S&P/TSX composite despite energy sector weakness as oil falls
By The Canadian Press on November 23rd, 2022
TORONTO – Strength in the technology sector helped lift Canada’s main stock index higher in late-morning trading despite losses in energy stocks as the price of oil moved lower. The S&P/TSX composite index was up 54.09 points at 20,274.10. In New York, the Dow Jones industrial average was up 123.69 points at 34,221.79. The S&P ... Read More »
1 responseBusiness outlook worsened in third quarter: Statistics Canada
By The Canadian Press on November 23rd, 2022
Statistics Canada says business economic outlook worsened in the third quarter as interest rates began to have a cooling effect on the economy. In its quarterly report on financials statistics for enterprises released Wednesday, the agency says the ongoing labour shortage, downward trend in energy and metal prices, and depreciation of the Canadian dollar against ... Read More »
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