March 28th, 2024

Business

Canadians, parents shouldn’t worry about TikTok security review: industry minister

By Anja Karadeglija, The Canadian Press on March 15th, 2024

OTTAWA – The federal industry minister says Canadians shouldn’t worry about using TikTok, despite an ongoing national security review of the company. Industry Minister François-Philippe Champagne was asked at a press conference Friday whether Canadians using the app, including parents whose kids are obsessed with TikTok, should be worried. “The answer is no. And I ... Read More »

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McDonald’s apologizes for global system outage that shut down some stores for hours

By Courtney Bonnell, The Associated Press on March 15th, 2024

LONDON (AP) – McDonald’s apologized Friday for a global technology outage that shuttered some restaurants for hours. The company said the outage was caused by a third-party technology provider and was not a cybersecurity issue. It started around 12 a.m. CDT during a configuration change and was close to being resolved about 12 hours later, ... Read More »

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S&P/TSX composite pushed up by base metals, U.S. markets mixed

By The Canadian Press on March 15th, 2024

TORONTO – Base metals pushed Canada’s main stock index up in late-morning trading, while U.S. stock markets were mixed. The S&P/TSX composite index was up 40.54 points at 21,870.39. In New York, the Dow Jones industrial average was down 50.67 points at 38,854.99. The S&P 500 index was down 19.25 points at 5,131.23, while the ... Read More »

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No concerns about kids’ use of TikTok despite security review: industry minister

By The Canadian Press on March 15th, 2024

OTTAWA – The federal industry minister says Canadians shouldn’t worry about using TikTok, despite an ongoing national security review of the company. Industry Minister François-Philippe Champagne says parents don’t need to be concerned about their kids’ use of the popular video app. He says they should be reassured the government was “ahead of the curve” ... Read More »

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Across the US, batteries and green energies like wind and solar combine for major climate solution

By Jennifer Mcdermott, The Associated Press on March 15th, 2024

In the Arizona desert, a Danish company is building a massive solar farm that includes batteries that charge when the sun is shining and supply energy back to the electric grid when it’s not. Combining batteries with green energy is a fast-growing climate solution. “Solar farms only produce when the sun shines, and the turbines ... Read More »

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US consumer sentiment ticks down slightly, but most expect inflation to ease further

By Christopher Rugaber, The Associated Press on March 15th, 2024

WASHINGTON (AP) – Consumers became slightly less optimistic about the economy this month, though they continue to expect inflation to cool further, a potential sign that price increases will keep slowing. The University of Michigan’s consumer sentiment index, released Friday in a preliminary version, slipped to 76.5 in March, barely below February’s figure of 76.9. ... Read More »

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Stock market today: Wall Street slips further away from records amid inflation worries

By Damian J. Troise, The Associated Press on March 15th, 2024

BEIJING – Stocks fell in early trading and moved further away from a record high set earlier this week. The S&P 500 fell 0.5% Friday. The Dow Jones Industrial Average fell 53 points, or 0.1%, and the Nasdaq slipped 0.7%. Treasury yields edged higher in the bond market. Adobe slumped after giving investors a weak ... Read More »

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Wholesale sales rose 0.1 per cent in January: Statistics Canada

By The Canadian Press on March 15th, 2024

OTTAWA – Statistics Canada says wholesale sales, excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain, rose 0.1 per cent to $82.4 billion in January. The agency says the increase from December came as sales climbed in three of the seven subsectors it studies, including machinery, equipment and supplies, and personal and ... Read More »

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February housing starts increased 14% from January: Canada Mortgage and Housing Corp

By The Canadian Press on March 15th, 2024

OTTAWA – Canada Mortgage and Housing Corp. says the annual pace of housing starts in February climbed 14 per cent compared with January. The national housing agency says the seasonally adjusted annual rate of housing starts amounted to 253,468 units in February compared with 223,176 in January. When looking at year-over-year figures, February’s actual housing ... Read More »

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Cannabis retailer High Tide buys pot brand Queen of Bud’s IP for $1M

By The Canadian Press on March 15th, 2024

CALGARY – High Tide Inc. says it has signed a deal to acquire premium cannabis brand Queen of Bud’s intellectual property. Calgary-based pot retailer High Tide says it will pay $1 million for the IP, trademarks and other assets owned by Queen of Bud. Some $100,000 of the $1 million will be paid in cash ... Read More »

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