Business
Lawyer says reforms needed after woman leaves unit during water leak, locks changed
By Michael Tutton, The Canadian Press on April 28th, 2023
HALIFAX – A Halifax lawyer says a recent case he handled for a woman evicted from her apartment shows the province’s tenancy law needs to be strengthened to ensure hearings are recorded and perjury is punished. Devin Maxwell represented his assistant, paralegal Wendy Mugridge, against Olympus Properties Management Ltd. at a March 30 residential tenancies ... Read More »
Be the first to comment!After economy posts strong start to 2023, new data suggests slowdown has begun
By Nojoud Al Mallees, The Canadian Press on April 28th, 2023
OTTAWA – The Canadian economy’s strong bounce back at the start of the year appears to have been short-lived, as new data suggests growth is on a downward trajectory. Statistics Canada said Friday that the economy grew by 0.1 per cent in February. Its preliminary estimates suggests real gross domestic product grew at an annualized ... Read More »
Be the first to comment!Inflation pressures remain persistent as consumers pull back
By Christopher Rugaber, The Associated Press on April 28th, 2023
WASHINGTON (AP) – Key measures of prices and wages remained high in March, keeping the Federal Reserve on track to raise interest rates next week for the 10th time since March of last year in its drive to defeat high inflation. An index that is closely followed by the Fed, which excludes volatile food and ... Read More »
Be the first to comment!Streaming bill may create two-tier system, hurting Cdn. creators: producers group
By The Canadian Press on April 28th, 2023
TORONTO – At least one Canadian media production association says the country’s new streaming legislation could create a two-tier system where foreign streamers are held to lower standards than Canadian broadcasters. The Canadian Media Producers Association says Bill C-11, which was passed Thursday, could result in foreign streamers being allowed to use fewer Canadian creators ... Read More »
Be the first to comment!TC Energy says ‘multiple’ asset sale negotiations underway in $5B divestment process
By Amanda Stephenson, The Canadian Press on April 28th, 2023
CALGARY – TC Energy Corp. said it’s on track to complete its previously announced plan to sell off $5 billion in assets by the end of the year, though the Calgary-based pipeline company declined to provide specifics on which assets are on the auction block. “I appreciate there’s lots of interest in our asset sale ... Read More »
Be the first to comment!Fed faults Silicon Valley Bank execs, itself in bank failure
By Christopher Rugaber And Ken Sweet, The Associated Press on April 28th, 2023
WASHINGTON (AP) – Silicon Valley Bank failed due to a combination of extremely poor bank management, weakened regulations and lax government supervision, the Federal Reserve said Friday, in a highly-anticipated review of how the central bank failed to properly supervise the bank before it collapsed early last month. The report, authored by Federal Reserve staff ... Read More »
Be the first to comment!Russian missile and drone attack in Ukraine kills 22 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 22 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!Canada won new Volkswagen battery plant despite ‘way, way more’ money from U.S.: PM
By James McCarten, The Canadian Press on April 28th, 2023
NEW YORK – Prime Minister Justin Trudeau says a number of U.S. jurisdictions outbid Canada in the recent race to secure Volkswagen’s new battery plant. But Canada prevailed, he says, because of its clean energy supply, educated workforce, critical minerals riches and investments in the middle class. Trudeau made the admission in remarks today at ... Read More »
Be the first to comment!Russian missile and drone attack in Ukraine kills 21 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 19 people, almost all of them when two missiles slammed into an apartment building in the center of the country, officials said. Three children were among the dead. The missile attacks included the first ... Read More »
Be the first to comment!Stock market today: Wall Street drifts at end of bumpy week
By Elaine Kurtenbach And Matt Ott, The Associated Press on April 28th, 2023
NEW YORK (AP) – Wall Street is drifting at the end of a volatile week Friday as Big Tech stocks lose some steam. The S&P 500 slipped 0.1% in early trading. The benchmark index is on track to close out April with a modest gain as markets keep churning amid unanswered questions about where the ... Read More »
Be the first to comment!Imperial Oil reports Q1 profit up from year ago, raises quarterly dividend
By The Canadian Press on April 28th, 2023
CALGARY – Imperial Oil Ltd. is raising its quarterly dividend as it reported it earned $1.25 billion in its first quarter, up from $1.17 billion in the same quarter a year earlier. The company says it will now pay a quarterly dividend of 50 cents per share, up from 44 cents per share. The increased ... Read More »
Be the first to comment!
