Business
Farmers plan biggest wheat crop in more than two decades due to war in Ukraine
By The Canadian Press on April 26th, 2023
Statistics Canada says farmers are expecting to plant the largest wheat crop in more than two decades in 2023. Canadian farmers anticipate planting 23 million acres of wheat, up 6.2 per cent from the previous year. The data agency says this is possibly due to favourable prices and strong demand for wheat. Russia’s invasion of ... Read More »
Be the first to comment!Tech and metals stocks help lift S&P/TSX composite, U.S. stock markets mixed
By The Canadian Press on April 26th, 2023
TORONTO – Strength in technology and base metal stocks helped Canada’s main stock index climb higher in late-morning trading, while U.S. stock markets were mixed. The S&P/TSX composite index was up 35.07 points at 20,474.94. In New York, the Dow Jones industrial average was down 15.64 points at 33,515.19. The S&P 500 index was up ... Read More »
Be the first to comment!Canada Infrastructure Bank loaning $220M to Flo for EV charging network expansion
By The Canadian Press on April 26th, 2023
TORONTO – Electric vehicle drivers can expect more charging options ahead as the Canada Infrastructure Bank is loaning $220 million to Flo Services Inc. to expand its network. The Infrastructure Bank says the loan will allow Montreal-based Flo to install more than 2,000 charging ports, nearly doubling the number of universal public fast charging ports ... Read More »
Be the first to comment!Rogers teams up with SpaceX, Lynk Global to provide satellite-to-phone remote service
By Sammy Hudes, The Canadian Press on April 26th, 2023
TORONTO – Rogers Communications Inc. is partnering with SpaceX and Lynk Global to deliver satellite-to-phone connectivity across Canada and bolster coverage in remote regions. The Toronto-based company says the moves are aimed at widening coverage for Rogers customers in areas that aren’t served by traditional wireless networks. Rogers and SpaceX plan to use the latter’s ... Read More »
Be the first to comment!Australian coal company withdraws plan for mine in Alberta foothills
By The Canadian Press on April 26th, 2023
An Australian coal company is withdrawing its plan for a mine in the Crowsnest Pass region of the eastern slopes of Alberta’s Rocky Mountains. In a letter, Montem Resources is asking the Alberta Energy Regulator to end the environmental impact assessment for its Tent Mountain proposal. The letter says the company will not be resuming ... Read More »
Be the first to comment!Trudeau urged to make good on critical mineral commitments during New York City visit
By The Canadian Press on April 26th, 2023
NEW YORK – Prime Minister Justin Trudeau is on his way to New York today, where experts say they hope to hear more about Canada’s plans for critical minerals. With the two countries committed to working together, business leaders say it’s time for a more streamlined permitting process to capitalize on Canadian mineral riches. Trudeau ... Read More »
Be the first to comment!Mattel introduces first Barbie with Down syndrome
By Wyatte Grantham-philips, The Associated Press on April 26th, 2023
WASHINGTON (AP) – Toy company Mattel revealed its first Barbie doll representing a person with Down syndrome on Tuesday. Mattel collaborated with the National Down Syndrome Society to create the Barbie and “ensure the doll accurately represents a person with Down syndrome,” the company said. Design features of the new Barbie were made under guidance ... Read More »
Be the first to comment!What’s behind the cost of milk, eggs and chicken in Canada
By Rosa Saba, The Canadian Press on April 26th, 2023
TORONTO – Whether you’re catching a flight, opening a new bank account or picking up groceries, a small group of big names takes up most of the market share. Competition Ltd. is a Canadian Press series that explores what this means for products – and prices – in the country. – – – Earlier this ... Read More »
Be the first to comment!CGI reports second-quarter profit and revenue up from year ago
By The Canadian Press on April 26th, 2023
MONTREAL – CGI Inc. reported a second-quarter profit of $419.4 million, up from $372.0 million in the same quarter last year, as its revenue rose nearly 14 per cent. The business and technology consulting firm says its profit amounted to $1.76 per diluted share for the quarter ended March 31, up from $1.53 per diluted ... Read More »
Be the first to comment!China, Ukraine leaders speak for first time since war began
By David Rising And Joe Mcdonald, The Associated Press on April 26th, 2023
KYIV, Ukraine (AP) – Ukrainian President Volodymyr Zelenskyy said he and Chinese leader Xi Jinping had a “long and meaningful” phone conversation Wednesday, their first known contact since Russia invaded Ukraine more than a year ago. The phone call, which officials said lasted nearly an hour, was seen as a significant development in efforts to ... Read More »
Be the first to comment!Stock market today: Big Tech rally steadies Wall Street
By Yuri Kageyama And Matt Ott, The Associated Press on April 26th, 2023
NEW YORK (AP) – Wall Street is steadying itself with help from rallies in Microsoft and other Big Tech stocks. The S&P 500 was 0.2% higher in early trading, a day after falling to its worst drop in a month. The Dow Jones Industrial Average also rose and the tech-heavy Nasdaq composite led the market ... Read More »
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