March 4th, 2024

Business

Elon Musk sues OpenAI and CEO Sam Altman, claiming betrayal of its goal to benefit humanity

By The Associated Press on March 1st, 2024

Associated Press (AP) – Elon Musk is suing OpenAI and its CEO Sam Altman over what he says is a betrayal of the ChatGPT maker’s founding aims of benefiting humanity rather than pursuing profits. In a lawsuit filed at San Francisco Superior Court, billionaire Musk said that when he bankrolled OpenAI’s creation, he secured an ... Read More »

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CWB Financial Group Q1 profit down from year ago, provisions for credit losses up

By The Canadian Press on March 1st, 2024

EDMONTON – CWB Financial Group reported its first-quarter profit fell compared with a year ago as its provision for credit losses rose. The Edmonton-based bank says it earned common shareholders’ net income of $87.9 million or 91 cents per diluted share for the quarter ended Jan. 31, down from $94.4 million or 99 cents per ... Read More »

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AtkinsRéalis reports Q4 profit, revenue up

By The Canadian Press on March 1st, 2024

MONTREAL – AtkinsRéalis reported a profit in its fourth quarter compared with a loss a year earlier as its revenue rose 20 per cent. The company formerly known as SNC-Lavalin Group Inc. says it earned a profit attributable to shareholders of $90 million, or 51 cents per diluted share, for the quarter ended Dec. 31. ... Read More »

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Ontario regulator launches consumer tool to verify financial adviser credentials

By The Canadian Press on March 1st, 2024

TORONTO – Ontario’s financial services regulator is making it easier for consumers to verify the credentials of financial advisers and financial planners. The Financial Services Regulatory Authority of Ontario it is launching a new webpage where people can type in the name of their financial professional and verify their qualifications, see if they’re in good ... Read More »

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‘Nobody needs an extra coat’: Apparel sector braces for another year of no splurging

By Tara Deschamps, The Canadian Press on March 1st, 2024

TORONTO – Despite an unseasonably warm winter, there’s a chill across the Canadian retail landscape. Less snow than usual in many parts of the country along with high inflation put a damper on splurging during the typically busy holiday season – and now retail industry watchers say apparel companies are staring down an equally fraught ... Read More »

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‘Measured choices’: Health, education come out ahead in restrained Alberta budget

By Bob Weber, The Canadian Press on February 29th, 2024

EDMONTON – Health care and education came out ahead Thursday in a generally restrained Alberta provincial budget forecasting a paper-thin surplus that could easily go up in smoke. “It is a solid budget based on measured choices,” Finance Minister Nate Horner told reporters. Horner followed instructions from Premier Danielle Smith in delivering the 2024-25 budget, ... Read More »

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First US moon lander in half a century stops working a week after tipping over at touchdown

By Marcia Dunn, The Associated Press on February 29th, 2024

CAPE CANAVERAL, Fla. (AP) – The first U.S. spacecraft to land on the moon since the Apollo astronauts fell silent Thursday, a week after breaking a leg at touchdown and tipping over near the lunar south pole. Intuitive Machines’ lander, Odysseus, lasted longer than the company anticipated after it ended up on its side with ... Read More »

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Health care, education come out ahead in restrained Alberta budget

By Bob Weber, The Canadian Press on February 29th, 2024

EDMONTON – Health care and education came out ahead Thursday in a generally restrained Alberta provincial budget forecasting a paper-thin surplus that could easily go up in smoke. “It is a solid budget based on measured choices,” Finance Minister Nate Horner told reporters. Horner followed instructions from Premier Danielle Smith in delivering the 2024-25 budget, ... Read More »

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Health, education, disaster planning: Highlights of Alberta’s latest budget

By The Canadian Press on February 29th, 2024

EDMONTON – Alberta’s budget for 2024-25 foresees a slim $367 million surplus, with slightly lower revenues compared to last year’s estimated top line. Here is where some of the funds in this year’s restrained provincial budget are being spent: Health Care Health care is getting one of the biggest spending boosts, with an operating budget ... Read More »

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CP NewsAlert: Health care, education come out ahead in restrained Alberta budget

By The Canadian Press on February 29th, 2024

EDMONTON – Health care and education are to receive some of the largest increases in a restrained Alberta budget. Finance Minister Nate Horner says the 4.4 per cent increase in the Health department’s budget is to be focused on improving access to doctors and reducing wait times in emergency departments, operating rooms and labs. But ... Read More »

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