Business
Economy grew at an annualized rate of 2.5% in Q1, StatCan estimate suggests
By The Canadian Press on April 28th, 2023
OTTAWA – Statistics Canada says the Canadian economy grew by 0.1 per cent in February. The federal agency’s preliminary estimate suggests real gross domestic product grew at an annualized rate of 2.5 per cent in the first quarter. The February figure came in lower than was expected by Statistics Canada as wholesale and retail trade ... Read More »
Be the first to comment!A key inflation gauge tracked by Fed remained high in March
By Christopher Rugaber, The Associated Press on April 28th, 2023
WASHINGTON (AP) – A key index of underlying inflation that is closely followed by the Federal Reserve remained elevated last month, keeping the Fed on track to raise interest rates next week for the 10th time since March of last year. The index, which excludes volatile food and energy costs to capture “core” prices, rose ... Read More »
Be the first to comment!Canadian Press NewsAlert: Economy grew by 2.5% in Q1, estimate suggests
By The Canadian Press on April 28th, 2023
OTTAWA – Statistics Canada says the Canadian economy grew by 0.1 per cent in February. The federal agency’s preliminary estimate suggests real gross domestic product grew at an annualized rate of 2.5 per cent in the first quarter. More coming... Read More »
Be the first to comment!Russian missile and drone attack in Ukraine kills 19 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!Couche-Tard signs deal for 112 gas station and convenience store sites in U.S.
By The Canadian Press on April 28th, 2023
LAVAL, Que. – Alimentation Couche-Tard Inc. has signed a deal to buy 112 gas station and convenience store sites in the United States from MAPCO Express Inc. Financial terms of the agreement were not immediately available. The deal is contingent on a separate transaction that will see MAPCO and its other locations acquired by Majors ... Read More »
Be the first to comment!Russian missile and drone attack in Ukraine kills 17 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 17 people, most 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 one ... Read More »
Be the first to comment!Pipeline company TC Energy reports first-quarter profit up from year ago
By The Canadian Press on April 28th, 2023
CALGARY – TC Energy Corp. reported a first-quarter profit of $1.31 billion, up from $358 million in the same quarter last year. The pipeline company says the profit amounted to $1.29 per diluted share for the quarter ended March 31, up from a profit of 36 cents per diluted share a year earlier. Revenue totalled ... Read More »
Be the first to comment!Russian missile and drone attack in Ukraine kills 16 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 16 people, most of them when two missiles slammed into an apartment building in the center of the country, officials said. Three children, including a toddler, were among the dead. The missile attacks included ... Read More »
Be the first to comment!BBC chief quits amid furor over role in Boris Johnson loan
By The Associated Press on April 28th, 2023
LONDON (AP) – The chairman of the BBC quit Friday after a report found he breached government rules governing public appointments. The publicly funded national broadcaster has been under pressure after it was revealed that Sharp, a Conservative Party donor, helped arrange a loan for then-Prime Minister Boris Johnson in 2021, weeks before he was ... Read More »
Be the first to comment!Trudeau, buoyed by Biden visit, visits Council on Foreign Relations to talk up Canada
By The Canadian Press on April 28th, 2023
NEW YORK – Prime Minister Justin Trudeau will take his Canadian sales pitch to an influential U.S. audience this morning. Trudeau is at the Council on Foreign Relations, a respected New York think tank, to promote Canada as a wise investment and trusted trading partner. The idea is to capitalize on the momentum that was ... Read More »
Be the first to comment!StatCan to release February GDP numbers this morning, estimate for first quarter
By The Canadian Press on April 28th, 2023
OTTAWA – Statistics Canada is set to release its February reading for economic growth this morning. The federal agency will also provide estimates for March and the first quarter of the year. After recording zero growth in the fourth quarter, the Canadian economy bounced back in January as real gross domestic product grew by 0.5 ... Read More »
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