Business
Federal government posts $3.1B surplus for first 11 months of 2022-23 fiscal year
By The Canadian Press on April 28th, 2023
OTTAWA – The federal government posted a budgetary surplus of $3.1 billion between April 2022 and February 2023. In its monthly fiscal monitor, the Finance Department says the result compared to a deficit of $69.8 billion during the same period during the previous fiscal year. Government revenues were up $36 billion, or 10.1 per cent, ... Read More »
Be the first to comment!Canada’s entertainment production sector awaiting direction for CRTC on C-11
By Tara Deschamps, The Canadian Press on April 28th, 2023
TORONTO – Canada’s film and television industry is anxiously awaiting forthcoming directions from the federal government to the country’s broadcasting watchdog, which they say will determine the true impacts of streaming legislation adopted this week. The Online Streaming Act known as Bill C-11, which received royal assent Thursday, is meant to update the Broadcasting Act ... Read More »
Be the first to comment!EPA allows gasoline with higher ethanol blend during summer
By Scott Mcfetridge, The Associated Press on April 28th, 2023
DES MOINES, Iowa (AP) – Fuel stations throughout the country will be able to sell gasoline blended with 15% ethanol during the summer under an emergency waiver issued Friday by the Environmental Protection Agency in a move that could reduce prices at the pump and boost demand for the Midwest-based ethanol industry. The EPA framed ... Read More »
Be the first to comment!Judge rules against Google, allows antitrust case to proceed
By Matthew Barakat, The Associated Press on April 28th, 2023
ALEXANDRIA, Va. (AP) – A federal judge on Friday rejected a motion from Google to toss out the government’s antitrust case against it. U.S. District Judge Leonie Brinkema ruled the lawsuit alleging Google wields monopolistic power in the world of online advertising can proceed in its entirety. Her ruling is the second setback for Google ... Read More »
Be the first to comment!Champagne vows to take actions if telecoms don’t reach deal for TTC cell service
By The Canadian Press on April 28th, 2023
MONTREAL – Canada’s industry minister is vowing to take action if Canada’s major telecom companies don’t reach an agreement to ensure wireless service is available for all riders on Toronto’s subway system. Speaking in Montreal on Friday, François-Philippe Champagne vowed to “do what’s right for Canadians.” The minister wrote a letter last week which called ... Read More »
Be the first to comment!‘We like Teck as a Canadian company,’ industry minister says as fate remains unclear
By The Canadian Press on April 28th, 2023
VANCOUVER – Canada’s industry minister talked of the significance of Teck Resources Ltd. Friday while stopping short of a commitment to halt a takeover of the company. “Our message has been very clear that we like Teck as a Canadian company,” said François-Philippe Champagne at a press conference in Montreal. “But as you appreciate, as ... Read More »
Be the first to comment!Federal government posts $3.1 surplus for first 11 months of 2022-23 fiscal year
By The Canadian Press on April 28th, 2023
OTTAWA – The federal government posted a budgetary surplus of $3.1 billion between April 2022 and February 2023. In its monthly fiscal monitor, the Finance Department says the result compared to a deficit of $69.8 billion during the same period during the previous fiscal year. Government revenues were up $36 billion, or 10.1 per cent, ... Read More »
Be the first to comment!Uranium miner Cameco reports Q1 profit nearly triples, revenue up more than 70%
By The Canadian Press on April 28th, 2023
SASKATOON – Cameco Corp. reported its first-quarter profit more than doubled compared with a year ago, while its revenue rose more than 70 per cent, helped by higher deliveries and higher average realized prices in both its uranium and fuel services businesses. The uranium miner also raised its revenue outlook for the full year to ... Read More »
Be the first to comment!Future of Teck remains unclear after tumultuous week
By The Canadian Press on April 28th, 2023
VANCOUVER – The future of Canada’s largest diversified mining company remains unclear after a tumultuous week that saw Teck Resources Ltd. pull its restructuring plan at the last hour while mining giant Glencore pursues its takeover efforts of the company. Vancouver-based Teck cancelled a Wednesday shareholder vote on its plan to split into a metal ... Read More »
Be the first to comment!Russian missile and drone attack in Ukraine kills 23 people
By Andrea Rosa, Hanna Arhirova And David Rising, The Associated Press on April 28th, 2023
UMAN, Ukraine (AP) – Russia fired more than 20 cruise missiles and two drones at Ukraine early Friday, killing at least 23 people, almost all of them when two missiles slammed into an apartment building in a terrifying nighttime attack, officials said. Three children were among the dead. The missile attacks included the first one ... Read More »
Be the first to comment!S&P/TSX composite up more than 100 points as energy stocks help lead the way higher
By The Canadian Press on April 28th, 2023
TORONTO – Canada’s main stock index was up more than 100 points in late-morning trading as gains in the energy stocks helped lead the way higher. The S&P/TSX composite index was up 107.58 points at 20,630.22. In New York, the Dow Jones industrial average was up 127.84 points at 33,954.00. The S&P 500 index was ... Read More »
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