Business
Imports of kids’ pain and fever meds are coming, but critics say supply is fragile
By Cassandra Szklarski, The Canadian Press on November 10th, 2022
Emergency supplies of pain and fever medication are expected to arrive soon at hospitals overwhelmed by respiratory illnesses but observers say more can be done to guard against future drug shortages. Health Canada says special imports of ibuprofen from the United States are awaiting distribution, while acetaminophen imports from Australia are imminent. The agency did ... Read More »
Be the first to comment!S&P/TSX composite up almost 650 points, U.S. markets surge on inflation data
By The Canadian Press on November 10th, 2022
TORONTO – Canada’s main stock index was up almost 650 points in a broad-based rally Thursday,while U.S. stock markets also rose after new data showing inflation in the United States eased in October. The S&P/TSX composite index was up 646.11 points, or 3.34 per cent, at 19,990.36. In New York, the Dow Jones industrial average ... Read More »
Be the first to comment!Aurora Cannabis reports Q1 net loss of $51.9M as consumer pot net revenues fall 28%
By The Canadian Press on November 10th, 2022
EDMONTON – Aurora Cannabis Inc. recorded a $51.9 million net loss in its most recent quarter as its consumer pot net revenue fell 28 per cent from a year ago. The Edmonton cannabis company says its first-quarter performance compared with a net loss of $11.9 million for the same period in the prior year. Its ... Read More »
Be the first to comment!Chris Rock to go live on Netflix in a first for the streamer
By The Associated Press on November 10th, 2022
Chris Rock is going where no comedian has gone before – live on Netflix. The streaming giant said Thursday that Rock will be the first artist to perform on the company’s first-ever live, global streaming event. The comedy special is set to stream in early 2023, but few other details were revealed. “Chris Rock is ... Read More »
Be the first to comment!Wall Street surges, Dow up 1,200 points on cooling inflation
By Stan Choe, The Associated Press on November 10th, 2022
NEW YORK (AP) – Wall Street surged to its best day since April 2020 as markets cheered a government report that inflation cooled more than expected last month. The S&P 500 jumped 5.5% Thursday and the Dow rose nearly 1,200 points as traders took the data as a sign the worst of inflation may have ... Read More »
Be the first to comment!Canada Pension Plan Investment Board sees net assets grow by $6 billion
By The Canadian Press on November 10th, 2022
TORONTO – Canada Pension Plan Investment Board saw its net assets grow to $529 billion in its second quarter, compared with $523 billion at the end of the previous quarter. Net assets grew by $6 billion compared with the previous quarter, consisting of $1 billion in net income and $5 billion in net transfers from ... Read More »
Be the first to comment!Job losses will rise but won’t reach levels seen in past economic downturns: BoC
By Nojoud Al Mallees, The Canadian Press on November 10th, 2022
OTTAWA – As a potential recession looms, unemployment will rise, but Bank of Canada governor Tiff Macklem says job losses won’t fall to levels seen in past economic downturns. Canada’s job market has remained strong despite growing forecasts that a slowdown is on the horizon. “We don’t expect a large increase in unemployment in the ... Read More »
Be the first to comment!Wall Street surges, Dow up 1,000 points on cooling inflation
By Stan Choe, The Associated Press on November 10th, 2022
NEW YORK (AP) – Stocks are bursting toward their best day in years Thursday as exhilaration sweeps Wall Street and financial markets worldwide after a report showed inflation in the United States slowed last month by even more than expected. The S&P 500 was 4.7% higher in afternoon trading, and the encouraging report also sent ... Read More »
Be the first to comment!AP source: US authorities investigate crypto exchange FTX
By Ken Sweet And Michael Balsamo, The Associated Press on November 10th, 2022
NEW YORK (AP) – The swift collapse of cryptocurrency exchange FTX sent more shockwaves through the crypto world on Thursday, with authorities now investigating the firm for potential securities violations and analysts bracing for a further downturn in crypto prices. FTX had agreed earlier this week to sell itself to bigger rival Binance after experiencing ... Read More »
Be the first to comment!Tim Hortons brand soup base recalled for containing insects
By The Canadian Press on November 10th, 2022
A Tim Hortons branded chicken noodle soup base was recalled in some parts of the country because it contained insects. The Canadian Food Inspection Agency (CFIA) says the recalled product was sold in Ontario and Alberta. It was made available for purchase in those provinces up to and including Oct. 20, 2022. The agency says ... Read More »
Be the first to comment!CAE Inc. share price surges after strong second-quarter performance
By The Canadian Press on November 10th, 2022
MONTREAL – CAE Inc.’s share price surged after the company reported strong civil and defence performance in its second quarter results. The Montreal-based builder of flight and health simulators saw its share price increase 18.17 per cent to $28.42 on the TSX at midday trading. CAE says net income attributable to equity holders was $44.5 ... Read More »
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