Business
Metro reports Q4 profit down from year ago as it takes one-time Air Miles charge
By The Canadian Press on November 16th, 2022
MONTREAL – Metro Inc. reported its fourth-quarter profit fell compared with a year ago as it took a $60-million charge related to the company’s decision to have its Jean Coutu drugstore chain withdraw from the Air Miles loyalty program next year. The grocery and drugstore retailer says it earned $168.7 million or 70 cents per ... Read More »
Be the first to comment!Poland, NATO say missile strike wasn’t a Russian attack
By Vasilisa Stepanenko, The Associated Press on November 16th, 2022
PRZEWODOW, Poland (AP) – NATO member Poland and the head of the military alliance both said Wednesday there is “no indication” that a missile that came down in Polish farmland, killing two people, was an intentional attack, and that air defenses in neighboring Ukraine likely launched the Soviet-era projectile to fend off a Russian assault ... Read More »
Be the first to comment!Loblaw Companies Ltd. reports Q3 profit and revenue up from year ago
By The Canadian Press on November 16th, 2022
BRAMPTON, Ont. – Loblaw Companies Ltd. reported its third-quarter profit rose about 30 per cent compared with a year ago. The grocery and drugstore retailer says its net earnings available to common shareholders totalled $556 million or $1.69 per diluted share for the quarter ended Oct. 8. The result was up from $431 million or ... Read More »
Be the first to comment!Poland, NATO say missile landing wasn’t Russian attack
By Vasilisa Stepanenko, The Associated Press on November 16th, 2022
PRZEWODOW, Poland (AP) – Poland said Wednesday there is “absolutely no indication” that a missile which came down in Polish farmland, killing two people, was a intentional attack on the NATO country, and that neighbor Ukraine likely launched the Soviet-era projectile as it fended off a Russian air assault that savaged its power grid. “Ukraine’s ... Read More »
Be the first to comment!RBI names former Domino’s Pizza CEO Patrick Doyle as executive chair
By The Canadian Press on November 16th, 2022
TORONTO – The parent company of Tim Hortons has named a former chief executive of Domino’s Pizza as its new executive chair. Restaurant Brands International Inc., which also includes Burger King, Popeyes and Firehouse Subs, says Patrick Doyle will take the job effective immediately. Doyle was CEO at Domino’s Pizza from 2010 to 2018. Daniel ... Read More »
Be the first to comment!Ukraine backers get behind probe of missile blast in Poland
By Vasilisa Stepanenko, The Associated Press on November 16th, 2022
PRZEWODOW, Poland (AP) – U.S. President Joe Biden and other Western backers of Ukraine threw their weight Wednesday behind an investigation into why and how a missile that Poland said was Russian-made came down in Polish farmland, killing two people, when Russia was savaging the Ukrainian power grid with missiles and exploding drones. Biden said ... Read More »
Be the first to comment!Nova Scotia notes importance of helping ex-military members move to skilled trades
By Keith Doucette, The Canadian Press on November 16th, 2022
HALIFAX – A Nova Scotia legislature committee heard Tuesday about the importance of supporting military members who want to transition to a skilled trade upon leaving the service. Nicole Johnson-Morrison, associate deputy minister with the provincial Labour Department, told the veterans affairs committee that many members of the military have unique skills the provincial economy ... Read More »
1 responseStatistics Canada to release October inflation data this morning
By The Canadian Press on November 16th, 2022
OTTAWA – Statistics Canada is expected to release October inflation numbers this morning. Economists are warning Canada’s annual inflation rate likely ticked higher as gas prices went up and grocery costs continued to soar last month. The annual inflation rate was 6.9 per cent in September. It has been steadily declining since reaching its highest ... Read More »
1 responseUK inflation accelerates to 41-year high of 11.1%
By Danica Kirka, The Associated Press on November 16th, 2022
LONDON (AP) – Britain’s inflation rate rose to a 41-year high in October, fueling demands for the government to do more to ease the nation’s cost-of-living crisis when it releases new tax and spending plans on Thursday. Consumer prices jumped 11.1% in the 12 months through October, compared with 10.1% in September, the Office for ... Read More »
1 responsePoland says Russian-made missile fell in its east, killing 2
By Vasilisa Stepanenko, The Associated Press on November 16th, 2022
PRZEWODOW, Poland (AP) – Poland said Wednesday that a Russian-made missile fell in the country’s east, killing two people, though U.S. President Joe Biden said it was “unlikely” it was fired from Russia. The blast, which Ukrainian President Volodymr Zelenskyy decried as “a very significant escalation,” prompted Biden to call an emergency meeting of G-7 ... Read More »
1 responseUK inflation rises to 41-year high at 11.1%
By The Associated Press on November 16th, 2022
LONDON (AP) – Britain’s inflation rate rose to a 41-year high in October, fueling demands for the government to do more to ease the nation’s cost-of-living crisis when it releases new tax and spending plans on Thursday. Consumer prices rose 11.1% in the 12 months through October, compared with 10.1% in September, the Office for ... Read More »
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