January 25th, 2022

Business

S&P/TSX composite down more than 200 points as tech sector falls

By The Canadian Press on January 18th, 2022

TORONTO – Losses in the technology sector weighed on the Toronto stock market as Canada’s main stock index dropped more than 200 points in late-morning trading and U.S. stocks also fell. The S&P/TSX composite index was down 229.11 points at 21,308.34. In New York, the Dow Jones industrial average was down 484.16 points at 35,427.65. ... Read More »

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WestJet cancels one in five February flights as Omicron takes toll on sector

By The Canadian Press on January 18th, 2022

CALGARY – WestJet Airlines Inc. is cutting 20 per cent of its February flights as the COVID-19 pandemic continues to surge. The Calgary-based airline says the move marks a response to “government barriers” amid the Omicron variant, which has affected staffing levels. The Public Health Agency of Canada advised against non-essential travel abroad in mid-December, ... Read More »

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Suncor provides details on worker death; CEO says recent incidents ‘not acceptable’

By The Canadian Press on January 18th, 2022

CALGARY – Suncor Energy Inc. says it is committed to improving workplace safety after a truck crash earlier this month resulted in the death of a contractor at the company’s Base Mine site near Fort McMurray, Alta. Suncor has released additional details about the incident, which occurred Jan. 6. The company says one heavy haul ... Read More »

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Microsoft buys gamer Activision Blizzard for $68.7 billion

By Matt O'brien, The Associated Press on January 18th, 2022

Microsoft is paying nearly $70 billion for Activision Blizzard, the maker of “Candy Crush” and “˜’Call of Duty,” as it seeks an edge in the fiercely competitive businesses of mobile gaming and virtual-reality technology. The all-cash $68.7 billion deal will turn Microsoft, maker of the Xbox gaming system, into one of the world’s largest video ... Read More »

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Under-fire Boris Johnson denies lying over lockdown parties

By Jill Lawless, The Associated Press on January 18th, 2022

LONDON (AP) – British Prime Minister Boris Johnson on Tuesday denied misleading Parliament about lockdown-breaching parties, as senior government ministers said he would have to resign if he is proven to have lied. Former Johnson aide Dominic Cummings has said he is willing to “swear under oath” that the prime minister was warned in advance ... Read More »

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Stationery maker Bic to buy Toronto temporary tattoo company for US$65 million

By The Canadian Press on January 18th, 2022

TORONTO – Bic is buying Inkbox, a Toronto-based temporary tattoo company, for US$65 million. The stationery and shaver giant says Inkbox will broaden its portfolio, which already includes BodyMark temporary tattoo markers. Inkbox was started in 2015 by brothers Tyler and Braden Handley, who wanted to get tattoos but feared whatever designs they chose would ... Read More »

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CMHC says annual pace of housing starts fell in December, down 22% from November

By The Canadian Press on January 18th, 2022

OTTAWA – Canada Mortgage and Housing Corp. says the annual pace of housing starts in December fell 22 per cent when compared with November. The national housing agency says the seasonally adjusted annual rate of housing starts was 236,106 units for the final month of the year, down from 303,813 in November. The drop came ... Read More »

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Microsoft buys Activision Blizzard for $68.7 billion

By The Associated Press on January 18th, 2022

Microsoft is buying the gaming company Activision Blizzard for $68.7 billion, gaining access to blockbuster games like “Call of Duty: and “Candy Crush.” The all-cash deal will let Microsoft accelerate mobile gaming and provide building blocks for the metaverse, or a virtual environment. The announcement Tuesday arrives with Activision still in turmoil over allegations of ... Read More »

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Restaurant company MTY Food Group raising quarterly dividend to 21 cents per share

By The Canadian Press on January 18th, 2022

MONTREAL – MTY Food Group Inc. is raising its quarterly dividend. The franchisor and operator of restaurants says it will now pay a quarterly dividend of 21 cents per share on Feb. 15 to shareholders of record on Feb. 3. The payment is up from its previous quarterly dividend of 18.5 cents per share. The ... Read More »

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Malta legislator becomes 3rd female EU Parliament president

By Raf Casert, The Associated Press on January 18th, 2022

BRUSSELS (AP) – Roberta Metsola, a Christian Democrat from Malta, was elected president of the European Union’s parliament Tuesday, putting women in three of the four biggest jobs in the 27-nation bloc. Metsola succeeds Italian Socialist David Sassoli, who died last week. She is only the third woman elected to the post. Her birthday was ... Read More »

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