Business
In New York, Trudeau gets grilled about Canada’s commitment to humanitarian aid
By James McCarten, The Canadian Press on April 27th, 2023
NEW YORK – Prime Minister Justin Trudeau faced pointed questions about his government’s cuts to foreign aid spending Thursday at a star-spangled conference meant to showcase his credentials as an international agent of change. Trudeau’s appearance at Global Citizen Now, a gathering of world leaders, celebrities and activists focused on advancing sustainable development internationally, was ... Read More »
Be the first to comment!Montreal port CEO says need for federal cash ‘urgent’ as expansion cost balloons
By The Canadian Press on April 27th, 2023
MONTREAL – The cost of the Montreal port expansion has ballooned by nearly 50 per cent, prompting its CEO to call for more cash from the federal government. Martin Imbleau, who heads the Montreal port authority, claims it can wait only a few weeks for the additional funding he’s requested from Ottawa to finance the ... Read More »
Be the first to comment!S&P/TSX composite rises more than 150 points, U.S. markets post strong gains
By Rosa Saba, The Canadian Press on April 27th, 2023
TORONTO – Canada’s main stock index rose more than 150 points with broad-based gains led by financials, health care and metals, while U.S. markets posted strong gains as tech stocks continued to impress during earnings season. “This has been the big week for earnings” in the U.S., said John Zechner, chairman and lead equity manager ... Read More »
Be the first to comment!Stock market today: Meta’s surge fuels big Wall Street rally
By Stan Choe, The Associated Press on April 27th, 2023
NEW YORK (AP) – Wall Street steamed to its best day since January after Meta Platforms became the latest Big Tech company to blow past profit forecasts. The S&P 500 rose 2% Thursday. The Dow rose 1.6% and the Nasdaq added 2.4%. Facebook’s parent company did the heaviest lifting with an increase of 13.9%. Expectations ... Read More »
Be the first to comment!Bank regulator says no indicators of liquidity shock re-emerging
By The Canadian Press on April 27th, 2023
TORONTO – The head of Canada’s banking regulator says that despite continued liquidity stress at some U.S. banks, he isn’t seeing any data to suggest that a wider shock is going to re-emerge. Superintendent of Financial Institutions Peter Routledge says it feels like the market has accepted that authorities have stabilized liquidity concerns. Speaking to ... Read More »
Be the first to comment!California passes 1st-in-nation emission rules for trains
By Sophie Austin, The Associated Press on April 27th, 2023
SACRAMENTO, Calif. (AP) – Every day, locomotives pull rail cars filled with food, lumber, oil and other products through railyards near neighborhoods in Oakland, Commerce, San Bernadino and other California cities. They run on diesel, a more powerful fuel than gasoline, and burning all that diesel produces pollution that is harmful for people who live ... Read More »
Be the first to comment!Fed’s Powell was tricked by fake call from Russia pranksters
By Christopher Rugaber, The Associated Press on April 27th, 2023
WASHINGTON (AP) – Federal Reserve Chair Jerome Powell was tricked into an extended phone call in January with Russian pranksters posing as Ukrainian President Volodymyr Zelenskyy, during which Powell appeared to discuss the economic impact of interest rate hikes. Videos of the phone call have been posted on social media. In one clip, Powell says ... Read More »
Be the first to comment!Newfoundland’s Terra Nova oilfield faces more delays, uncertainty
By The Canadian Press on April 27th, 2023
ST. JOHN’S, N.L. – An oilfield off the southeast coast of Newfoundland that hasn’t produced crude since 2019 is facing more setbacks. Calgary-based Cenovus Energy, which owns 34 per cent of the Terra Nova offshore oilfield, doesn’t expect any production from the project in 2023. Company officials told reporters there is a holdup with the ... Read More »
Be the first to comment!Halifax company to upgrade 13 Cormorant helicopters for Canada’s military
By The Canadian Press on April 27th, 2023
HALIFAX – Defence Minister Anita Anand says a Halifax-based firm has been awarded a major subcontract as part of the $1.2-billion upgrade of the military’s fleet of search-and-rescue helicopters. Anand announced today IMP Aerospace is to deliver 13 upgraded Cormorant helicopters to the Canadian Armed Forces following work done at its Halifax facilities. Under the ... Read More »
Be the first to comment!The wealthy want business jets, even as economy softens, says Bombardier CEO
By Christopher Reynolds, The Canadian Press on April 27th, 2023
MONTREAL – Demand for private planes remains strong even as the economy cools, according to Bombardier Inc. executives. CEO Éric Martel said Thursday that business jets are not among the sluggish markets threatening to drag down Canada’s economic output this year. “We still have about the same proportion of high-net-worth individuals,” he told analysts on ... Read More »
Be the first to comment!Liberals fund women’s rights abroad as Trudeau to raise abortion politics in New York
By The Canadian Press on April 27th, 2023
OTTAWA – The Liberal government is announcing funding for women’s rights abroad, in an apparent bid to showcase the Liberals’ position on reproductive rights against that of conservatives, both in Canada and the United States. Prime Minister Justin Trudeau is expected to reaffirm the Canadian government’s commitment to supporting reproductive freedom in New York City ... Read More »
Be the first to comment!
