Business
Torstar co-owners say focused on quick ‘divorce’ in public appearance
By The Canadian Press on November 18th, 2022
TORONTO – Speaking for the first time publicly since their business relationship soured, Torstar Corp. owners Paul Rivett and Jordan Bitove confirmed there was no reconciliation ahead as their approaches to business were too different. The two, speaking at the launch of a TVO documentary about the Toronto Star newspaper Thursday evening, were however in ... Read More »
Be the first to comment!More Twitter workers flee after Musk’s ‘hardcore’ ultimatum
By Matt O'brien, Frank Bajak And Barbara Ortutay, The Associated Press on November 17th, 2022
Twitter continued to bleed engineers and other workers on Thursday, after new owner Elon Musk gave them a choice to pledge to “hardcore” work or resign with severance pay. Some took to Twitter to announce they were signing off after Musk’s deadline to make the pledge. A number of employees took to a private forum ... Read More »
Be the first to comment!Asian stocks mixed after Wall St falls on rate hike worries
By Joe Mcdonald, The Associated Press on November 17th, 2022
BEIJING (AP) – Asian stocks were mixed Friday after Wall Street declined following indications the Federal Reserve might raise interest rates higher than expected to cool inflation. Shanghai declined while Tokyo and Hong Kong advanced. Oil prices gained. Wall Street’s benchmark S&P 500 index lost 0.3% on Thursday after a Fed official indicated the U.S. ... Read More »
Be the first to comment!‘Sense of relief:’ Ottawa rejection of Nunavut mine expansion draws praise, criticism
By Emily Blake, The Canadian Press on November 17th, 2022
Nunavut member of Parliament Lori Idlout says she felt an “overwhelming sense of relief” when she learned federal ministers had rejected a proposal to expand an iron ore mine on the tip of Baffin Island. “It was great to see this decision. I welcome it and I’m very proud of the Inuit who worked hard ... Read More »
2 responsesTransport minister encourages masks on planes, Ontario says illnesses slowing down
By Kelly Geraldine Malone, The Canadian Press on November 17th, 2022
Canada’s transport minister says the federal government strongly encourages people to wear masks on planes and trains as regions across the country report increasing pressure on the health-care system, but he stopped short of making it a requirement. Omar Alghabra said the advice follows a briefing Thursday with Dr. Theresa Tam, Canada’s chief public health ... Read More »
1 responseSenators pass Liberal dental benefit for kids, housing benefit for renters
By The Canadian Press on November 17th, 2022
OTTAWA – Senators have passed a bill that will allow low- and middle-income families to access government money to help care for their kids’ dental care, starting as early as Dec. 1. The dental benefit was a compromise between the Liberals and NDP, as part of the supply-and-confidence agreement that will see the New Democrats ... Read More »
Be the first to comment!Contract worker safety in spotlight again after latest oil and gas deaths in Alta.
By Amanda Stephenson, The Canadian Press on November 17th, 2022
CALGARY – The issue of contract worker safety at oil and gas sites has once again been thrust into the spotlight after an explosion that claimed the lives of two people in northern Alberta Saturday. As of Thursday, work remained halted at the site of the blast, which occurred in the Marten Hills region northwest ... Read More »
1 responseS&P/TSX composite down almost 75 points, U.S. markets also slip
By Rosa Saba, The Canadian Press on November 17th, 2022
TORONTO – Markets in Canada and the U.S. slipped for a second day in a row, with losses in energy, information technology, utilities and metals leading Canada’s main stock index downward. The S&P/TSX composite index was down 73.38 points at 19,884.58. The energy index was down 0.56 per cent, while utilities were down 1.24 per ... Read More »
Be the first to comment!Russia launches missile barrage on Ukraine as 1st snow falls
By John Leicester, The Associated Press on November 17th, 2022
KYIV, Ukraine (AP) – Russian airstrikes targeted Ukraine’s energy facilities again Thursday as the first snow of the season fell in Kyiv, a harbinger of the hardship to come if Moscow’s missiles continue to take out power and gas plants as winter descends. Separately, the United Nations announced the extension of a deal to ensure ... Read More »
1 responseFederal government tables bill to help supply chain and ease inflation
By The Canadian Press on November 17th, 2022
OTTAWA – Federal Transport Minister Omar Alghabra says supply chain disruptions are adding to the rising cost of living and hopes to help fix the problem with new legislation. The minister tabled a bill in the House of Commons on Thursday to improve Canada’s supply chain and to make the transportation system safer, more efficient ... Read More »
1 responseWork remains halted at Tamarack Energy site after contractor deaths
By The Canadian Press on November 17th, 2022
CALGARY – Work remains halted at an oil and gas site in northern Alberta where two contractors died Saturday in an explosion. Tamarack Valley Energy Ltd. CEO Brian Schmidt says he doesn’t know when the company will restart operations at the site. Both the company and Occupational Health and Safety are investigating the blast, which ... Read More »
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