Business
S&P/TSX composite posts gain Monday on energy strength, U.S. markets mixed
By The Canadian Press on March 27th, 2023
TORONTO – Canada’s main stock index gained more than a hundred points Monday, buoyed by strength in the energy and financial sectors, while U.S. markets were mixed. The S&P/TSX composite index was up 123.25 points at 19,624.74. In New York, the Dow Jones industrial average was up 194.55 points at 32,432.08. The S&P 500 index ... Read More »
Be the first to comment!Most stocks tick up, including a jump for beaten-down banks
By Stan Choe, Damian J. Troise And Alex Veiga, The Associated Press on March 27th, 2023
NEW YORK – Stocks closed mostly higher on a steadying Wall Street as battered banks showed more strength, at least for now. The S&P 500 rose 0.2% Monday. The Dow Jones Industrial Averate also rose, while the Nasdaq fell. Markets have been in turmoil following the second- and third-largest U.S. bank failures in history earlier ... Read More »
Be the first to comment!Saskatchewan looks to boost critical minerals industry
By Jeremy Simes, The Canadian Press on March 27th, 2023
REGINA – The Saskatchewan government is hoping to bolster critical mineral exploration after announcing a strategy Monday that aims to attract investment and double production by 2030. The strategy would see the province expand a tax credit program and provide millions more dollars in grants to companies. The federal government has promoted critical minerals as ... Read More »
Be the first to comment!Deal to buy Silicon Valley Bank calms bank fears, for now
By Stan Choe, The Associated Press on March 27th, 2023
NEW YORK (AP) – First Citizens Bank is buying much of Silicon Valley Bank, the tech-focused financial institution whose failure this month set off a chain reaction that helped rattle faith in banks around the world. The Federal Deposit Insurance Corp. and other regulators had already taken extraordinary steps to head off a wider crisis ... Read More »
Be the first to comment!Saskatchewan looks to boost critical mineral industry through new strategy
By The Canadian Press on March 27th, 2023
REGINA – The Saskatchewan government is launching a critical minerals strategy with the hope of growing the industry. It aims to double the number of critical minerals produced in Saskatchewan by 2030. It also wants industry to spend more on exploration. The province hopes to achieve this by expanding an exploration tax credit to 30 ... Read More »
Be the first to comment!US to adopt new restrictions on using commercial spyware
By Nomaan Merchant, The Associated Press on March 27th, 2023
WASHINGTON (AP) – The U.S. government will restrict its use of commercial spyware tools that have been used to surveil human rights activists, journalists and dissidents around the world, under an executive order issued Monday by President Joe Biden. The order responds to growing U.S. and global concerns about programs that can capture text messages ... Read More »
Be the first to comment!Budget to include rebate for groceries, increase RESP withdrawal limit: source
By The Canadian Press on March 27th, 2023
OTTAWA – A federal source says Tuesday’s budget will extend the temporary boost to the GST rebate for low-income Canadians, but will frame the payment as help with the rising cost of groceries. The government official, who was granted anonymity to discuss matters that will not be public until the budget is released, said it ... Read More »
Be the first to comment!Dye & Durham considering possible spin out of TM Group in addition to sale option
By The Canadian Press on March 27th, 2023
TORONTO – Dye & Durham Ltd. says it is considering spinning out its TM Group business in addition to a possible sale after agreeing with the United Kingdom’s competition regulator last year that it would dispose of the business. The UK’s Competition and Markets Authority (CMA) ordered the sale of the software company’s July 2021 ... Read More »
Be the first to comment!Two-thirds of Canadians with disabilities found barriers on planes, trains: audit
By The Canadian Press on March 27th, 2023
OTTAWA – About two-thirds of people with disabilities encountered barriers on federally regulated planes and trains in 2019 and 2020, highlighting a lack of consultation and enforcement by agencies involved, the federal auditor general says in a new report. Auditor general Karen Hogan says in the report that Via Rail and the Canadian Air Transport ... Read More »
Be the first to comment!Zelenskyy, atomic agency chief discuss nuclear plant fears
By Hanna Arhirova, The Associated Press on March 27th, 2023
ZAPORIZHZHIA, Ukraine (AP) – The U.N.’s atomic energy chief warned Ukrainian President Volodymyr Zelenskyy in a meeting Monday that the perilous situation at Europe’s largest nuclear plant “isn’t getting any better” as relentless fighting in the area puts the facility at risk of a nuclear disaster. The Zaporizhzhia plant, which continues to power war-torn Ukraine, ... Read More »
Be the first to comment!Troubled Silicon Valley Bank acquired by First Citizens
By The Associated Press on March 27th, 2023
NEW YORK (AP) – First Citizens will acquire much of Silicon Valley Bank, the tech-focused financial institution that collapsed this month, setting off a chain reaction that caused a second bank to fail and tested faith in the global banking sector. The Federal Deposit Insurance Corp. and other regulators had already taken extraordinary steps to ... Read More »
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