Business
Intact Financial reports net income of $370M
By The Canadian Press on November 8th, 2022
TORONTO – Intact Financial Corp. says it saw a 23 per cent rise in net income despite “active weather” and ongoing cost pressures in the quarter. The insurance company says it had a profit of $370 million for the quarter ending Sept. 30, up from $300 million for the same quarter last year. Earnings worked ... Read More »
1 responseUS Judge lays out case for blocking publishing giants merger
By Marcy Gordon, The Associated Press on November 8th, 2022
WASHINGTON (AP) – A federal judge has laid out a data-laden case for why she blocked Penguin Random House’s proposed purchase of Simon & Schuster, handing a victory to the Biden Justice Department in its contention that combining two of the world’s biggest publishers would hurt competition for top-selling books. In her ruling filed Monday, ... Read More »
1 responseDemocrat or Republican, Canada will work with Congress after midterms: Trudeau
By James McCarten, The Canadian Press on November 8th, 2022
WASHINGTON – Prime Minister Justin Trudeau says Canada and the United States will remain important economic partners regardless of what Congress looks like after the midterm elections. Voters across the U.S. are headed to the polls to decide whether Republicans or Democrats should wield control on Capitol Hill. Trudeau says the close ties between the ... Read More »
1 responseS&P/TSX composite up more than 100 points, U.S. markets also up
By The Canadian Press on November 8th, 2022
TORONTO – Canada’s main stock index was up more than 100 points Tuesday, buoyed by strength in base metals and utilities, while U.S. markets were also up. The S&P/TSX composite index was up 114.40 points at 19,660.31. In New York, the Dow Jones industrial average was up 333.83 points at 33,160.83. The S&P 500 index ... Read More »
1 responseWall Street rises ahead of election results, inflation data
By Damian J. Troise And Stan Choe, The Associated Press on November 8th, 2022
NEW YORK (AP) – Election Day brought another tick higher for stocks, as Wall Street braces for the results from the day’s midterm elections and a big update on inflation that’s due later in the week. The S&P 500 rose 0.6% Tuesday, its third straight gain. Trading was tentative through the day, and Wall Street’s ... Read More »
1 responseMaple Leaf Foods still working to recover from outage caused by cyberattack
By The Canadian Press on November 8th, 2022
MISSISSAUGA, Ont. – Maple Leaf Foods Inc. is still working to restore operations after being hit by a cyberattack over the weekend, the company said Tuesday. Chief executive Michael McCain said all facilities ran on Monday but problems remain as their business continuity teams figure out process-by-process manual workarounds, while both the team and the ... Read More »
Be the first to comment!Empire Co. tight-lipped as IT problems affect pharmacies at Sobeys and other stores
By The Canadian Press on November 8th, 2022
HALIFAX – Empire Co. Ltd. remains tight-lipped about computer system issues that are still impeding customers seeking prescriptions at some pharmacies it operates. The Nova Scotia-based company issued a brief statement Monday confirming that an “IT systems issue” affecting certain pharmacies has caused “technical difficulties” in filling prescriptions. Issues at Empire-operated pharmacies, including Sobeys pharmacies ... Read More »
Be the first to comment!Centre aims to help Calgary retain its title of ‘energy capital of Canada’
By Amanda Stephenson, The Canadian Press on November 8th, 2022
CALGARY – Across from the headquarters of some of Canada’s largest oil and gas companies, a new initiative aims to ensure that Calgary and its largest industry aren’t left behind in the global pursuit of a low-carbon economy. The “Energy Transition Centre,” a $4.2 million office space that marked its grand opening Tuesday, is meant ... Read More »
Be the first to comment!Trudeau announces half a billion dollars more for rural high-speed internet access
By The Canadian Press on November 8th, 2022
OROMOCTO, N.B. – Prime Minister Justin Trudeau is announcing an extra $475 million to the federal government’s fund for delivering high-speed internet to rural homes across the country. Trudeau made the announcement today in Oromocto, N.B., where he said the money will help connect another 60,000 homes in Canada to high-speed internet. The money is ... Read More »
Be the first to comment!Younger Canadians are more likely to look for alternative news sources: poll
By The Canadian Press on November 8th, 2022
TORONTO – A new survey suggests that trust in mainstream news is dropping as younger Canadians seek out alternative mediums to source information. More than half of respondents in a survey conducted by Maru Public Opinion said they see established news media as the most trustworthy source of information. That’s a seven per cent decline ... Read More »
1 responsePowerball ticket sold in California snags record $2.04B win
By Shameka Dudley-lowe And Scott Mcfetridge, The Associated Press on November 8th, 2022
DES MOINES, Iowa (AP) – Someone who bought a Powerball ticket in California has won a record $2.04 billion Powerball jackpot after more than three months without anyone hitting the top prize. The winning numbers drawn Tuesday morning at the Florida Lottery draw studio in Tallahassee were: white balls 10, 33, 41, 47 and 56, ... Read More »
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