Business
S&P/TSX composite up more than 100 points as energy and base metal stocks climb
By The Canadian Press on April 11th, 2023
TORONTO – Strength in the energy and base metal stocks helped Canada’s main stock index gain more than 100 points in late-morning trading, while U.S. stock markets were mixed. The S&P/TSX composite index was up 151.01 points at 20,426.83. In New York, the Dow Jones industrial average was up 120.79 points at 33,707.31. The S&P ... Read More »
Be the first to comment!‘Ask a lot of questions’ before deciding what to do with your tax refund: experts
By Noushin Ziafati, The Canadian Press on April 11th, 2023
When Julian Shenoy receives his tax refund this year, he plans to set aside some of it for investments and the rest for travel. “With the pandemic and such, everything was closed over the last three years, so most likely (I’ll put) more of a proportion of it toward leisure – maybe 50 per cent ... Read More »
Be the first to comment!Glencore adds US$8.2B cash component to Teck Resources takeover offer
By The Canadian Press on April 11th, 2023
VANCOUVER – Swiss company Glencore is modifying its hostile takeover offer for Teck Resources Ltd. to include an US$8.2-billion cash component to its proposal. Under the revised offer, Teck shareholders would receive 24 per cent of the combined metals company and the cash. The company’s initial proposal had been an all-stock offer that would have ... Read More »
Be the first to comment!Canadian charities struggle with staff burnout, revenue, escalating demand: report
By The Canadian Press on April 11th, 2023
TORONTO – A survey of nearly 3,000 Canadian charities finds more than half couldn’t meet demand for help, while nearly a third reported a significant drop in revenue. The sixth edition of the Giving Report points to “severe challenges” in the charitable sector, driven by “unprecedented growth in demand “¦ compounded with inflation and revenue ... Read More »
Be the first to comment!Canadian Press NewsAlert: Glencore adds cash component to Teck Resources offer
By The Canadian Press on April 11th, 2023
VANCOUVER – Swiss company Glencore is modifying its hostile takeover offer for Teck Resources Ltd. to include an US$8.2-billion cash component to its proposal. More coming. Companies in this story: (TSX:TECK.B)... Read More »
Be the first to comment!Rogers to expand its 5G network across the entire Toronto subway system
By The Canadian Press on April 11th, 2023
TORONTO – Rogers Communications Inc. says it will expand its latest high-speed wireless network across Toronto’s entire subway system. The company says this will include access to 911 for all riders. Rogers says subway riders with any wireless provider can currently call 911 only where the cellular network exists ““ on station platforms, concourses and ... Read More »
Be the first to comment!Rogers to acquire TTC wireless network, bring 5G to subway system
By The Canadian Press on April 10th, 2023
TORONTO – Rogers Communications Inc. says it’s buying the company that owns the wireless network in Toronto’s subway and will bring 5G to the entire system. The telecom giant says it has entered into an agreement to purchase BAI Communications’ Canadian operations. In 2012, BAI was awarded a $25-million contract by the TTC to build ... Read More »
Be the first to comment!‘A board-level topic’: Energy sector routinely target of cyberattackers, experts say
By Amanda Stephenson, The Canadian Press on April 10th, 2023
CALGARY – Cybersecurity experts aren’t surprised by the revelation contained within a package of leaked U.S. intelligence documents suggesting Russian-backed hackers successfully gained access to Canada’s natural gas distribution network. But they say there’s a huge difference between gaining access to a company’s network or servers, and actually disrupting Canada’s energy supply or causing injury ... Read More »
Be the first to comment!Cannabis company Tilray to buy rival Hexo in all-share deal
By The Canadian Press on April 10th, 2023
LEAMINGTON, Ont. – Tilray Brands Inc. says it is buying fellow cannabis company Hexo Corp. in an all-share deal valued at US$56 million. It says it will issue 0.4352 shares of Tilray stock for each outstanding Hexo share in the deal structured as a merger that requires both shareholder and court approval. Tilray chief executive ... Read More »
Be the first to comment!AP sources: EPA car rule to push huge increase in EV sales
By Tom Krisher And Matthew Daly, The Associated Press on April 10th, 2023
WASHINGTON (AP) – The Biden administration will propose strict new automobile pollution limits this week that would require at least 54% of new vehicles sold in the U.S. to be electric by 2030 and as many as two of every three by 2032, according to industry and environmental officials briefed on the plan. The proposed ... Read More »
Be the first to comment!S&P/TSX composite posts small Monday gain, U.S. markets mixed
By Rosa Saba, The Canadian Press on April 10th, 2023
TORONTO – Canada’s main stock index ticked upward Monday thanks to broad-based strength while U.S. markets were mixed. The S&P/TSX composite index was up 79.13 points at 20,275.82. In New York, the Dow Jones industrial average was up 101.23 points at 33,586.52.The S&P 500 index was up 4.09 points at 4,109.11,while the Nasdaq composite was ... Read More »
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