Business
Unions say turnover rate high for new security officers as busy holiday season looms
By Rosa Saba, The Canadian Press on November 10th, 2022
TORONTO – Unions representing airport security screeners say turnover for new employees is high despite efforts to hire more workers, with as few as one in three recent hires still on the job in some regions. Major delays and flight cancellations at airports across Canada earlier this year drew scrutiny from passengers and politicians alike. ... Read More »
1 responseMacklem to deliver speech on evolution of labour markets in Toronto
By The Canadian Press on November 10th, 2022
OTTAWA – Bank of Canada governor Tiff Macklem will deliver a speech at Toronto Metropolitan University today. The central bank’s governor will discuss the evolution of Canadian labour markets before the Public Policy Forum and take questions from journalists. Last month, the Bank of Canada raised its key interest rate for the sixth consecutive time ... Read More »
1 responseMusk seeks to reassure advertisers on Twitter after chaos
By Matt O'brien, Mae Anderson And Barbara Ortutay, The Associated Press on November 9th, 2022
Elon Musk sought to reassure big companies that advertise on Twitter on Wednesday that his chaotic takeover of the social media platform won’t harm their brands, acknowledging that some “dumb things” might happen on his way to creating what he says will be a better, safer user experience. The latest erratic move on the minds ... Read More »
1 responseCryptocurrencies plunge as Binance scraps deal for rival FTX
By Ken Sweet, The Associated Press on November 9th, 2022
NEW YORK (AP) – Cryptocurrency prices plunged for a second-straight day after crypto exchange Binance said it was pulling out of a deal to purchase failing rival FTX Trading. Bitcoin sank to a two-year low after Binance confirmed earlier rumors and news reports that it was ready to back out of the FTX deal, struck ... Read More »
1 responseOttawa could reap $4.4 billion from extending windfall tax to other sectors: PBO
By Nojoud Al Mallees, The Canadian Press on November 9th, 2022
OTTAWA – New analysis from the parliamentary budget officer suggests the federal government would pocket $4.4 billion in additional revenue if it extended the Canada Revenue Dividend to the oil and gas sector as well as big-box stores. The dividend is a one-time 15 per cent windfall tax the Liberals plan to levy on excess ... Read More »
1 responseManulife earning slip on market performance, hurricane costs
By The Canadian Press on November 9th, 2022
TORONTO – Manulife Financial Corp. says its earnings slipped in the third quarter as market losses and hurricane costs weighed. The insurance company says it had a net income of $1.35 billion for the quarter ending Sept. 30, down from $1.59 billion for the same quarter last year. Earnings worked out to 68 cents per ... Read More »
1 responseWSP Global sees revenues rise nine per cent, earnings slip on costs and acquisitions
By The Canadian Press on November 9th, 2022
MONTREAL – WSP Global Inc. reported revenues of $2.9 billion in the third quarter ended Oct. 1, up 9.3 per cent from last year. The Montreal-based engineering firm says net earnings attributable to shareholders were $127.5 million, or $1.05 per share, down from $139 million in the same quarter last year or $1.18 per share. ... Read More »
1 responseS&P/TSX composite falls more than 300 points, U.S. markets also down
By The Canadian Press on November 9th, 2022
TORONTO – Canada’s main stock index was down more than 300 points Wednesday with losses of more than four per cent in energy while most other sectors were also down, and U.S. markets also fell. The S&P/TSX composite index was down 316.06 points at 19,344.25. In New York, the Dow Jones industrial average was down ... Read More »
Be the first to comment!Stocks slump on Wall Street; crypto prices dive again
By Damian J. Troise And Stan Choe, The Associated Press on November 9th, 2022
NEW YORK (AP) – Wall Street closed sharply lower, giving back a big chunk of the gains built in a three-day rally running up to Election Day. The S&P 500 lost 2.1% Wednesday. Several sources of disappointment were behind the drop. There’s still uncertainty about whether Tuesday’s elections will result in a divided Congress that ... Read More »
Be the first to comment!Panel looks at ways to detect COVID-19 at airports ahead of winter travel season
By The Canadian Press on November 9th, 2022
TORONTO – As the busy winter travel season approaches, researchers are looking to use artificial intelligence and surveillance technologies at Canada’s airports to help curb the spread of COVID-19. Nearly six weeks ago, the Canadian government lifted pandemic travel restrictions, removing vaccine and mask mandates. However, as flu season begins to ramp up and the ... Read More »
Be the first to comment!Researchers look for ways to detect COVID-19 ahead of busy winter travel season
By The Canadian Press on November 9th, 2022
TORONTO – As the busy winter travel season approaches, researchers are looking to use artificial intelligence at Canada’s airports to help curb the spread of COVID-19. The Innovation Economy Council held a panel Wednesday to discuss ways airports can better detect and control the spread of viruses. Members of the panel spoke about the use ... Read More »
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