Business
Tech sector helps lead S&P/TSX composite higher, U.S. stock markets also rise
By The Canadian Press on March 31st, 2023
TORONTO – Canada’s main stock index was up nearly 200 points in late-morning trading as strength in the technology sector helped lead stocks higher, while U.S. stock markets also gained ground. The S&P/TSX composite index was up 183.32 points at 20,124.31. In New York, the Dow Jones industrial average was up 254.31 points at 33,113.34. ... Read More »
Be the first to comment!Economy grew 0.5 per cent in January, Statistics Canada reports
By The Canadian Press on March 31st, 2023
OTTAWA – Economic growth resumed in January and came in better than first expected following a small contraction in December, Statistics Canada said Friday. Real gross domestic product rose 0.5 per cent to start the year, the agency said, beating its initial estimate for a gain of 0.3 per cent for the month and reversing ... Read More »
Be the first to comment!Online-streaming bill closer to passing after House OKs most Senate amendments
By The Canadian Press on March 31st, 2023
OTTAWA – The Liberal government’s controversial online-streaming bill is one step closer to passing after the House of Commons approved most of the Senate’s amendments to the proposed legislation. If passed, Bill C-11 would update broadcasting rules to include online streaming and require tech giants such as YouTube, Netflix and Spotify to make Canadian content ... Read More »
Be the first to comment!Ottawa gives final approval for Rogers $26B purchase of Shaw
By Sammy Hudes, The Canadian Press on March 31st, 2023
TORONTO – Rogers Communications Inc’s $26-billion takeover of Shaw Communications Inc. cleared the final regulatory hurdle Friday, more than two years after the deal was first announced. Federal Industry Minister François-Philippe Champagne approved the transfer of Shaw-owned Freedom Mobile’s wireless licences to Quebecor Inc.’s Videotron, which operates in Quebec and some border regions of Ontario., ... Read More »
Be the first to comment!Wall Street opens higher, on track to close March with gains
By Joe Mcdonald And Matt Ott, The Associated Press on March 31st, 2023
NEW YORK (AP) – Stocks are opening higher on Wall Street, keeping the market on track for a winning March despite a long list of worries being thrown at it. The S&P 500 was 0.4% higher early Friday. The index is on pace for a gain for the month and a second winning quarter in ... Read More »
Be the first to comment!The $26-billion Rogers-Shaw deal: a timeline of key events
By The Canadian Press on March 31st, 2023
Rogers Communications Inc’s $26-billion takeover of Shaw Communications Inc. cleared the last regulatory hurdle Friday, more than two years after the deal was first announced. Here’s a look at some key moments leading up to this point: March 15, 2021: Rogers announces an agreement to buy Shaw in a deal valued at $26 billion, including ... Read More »
Be the first to comment!A key inflation gauge tracked by the Fed slowed in February
By Paul Wiseman, The Associated Press on March 31st, 2023
WASHINGTON (AP) – The Federal Reserve’s favored inflation gauge slowed sharply last month, an encouraging sign in the Fed’s yearlong effort to cool price pressures through steadily higher interest rates. Friday’s report from the Commerce Department showed that consumer prices rose 0.3% from January to February, down from a 0.6% increase from December to January. ... Read More »
Be the first to comment!Europe’s inflation eases to 6.9% as energy falls but food up
By Kelvin Chan, The Associated Press on March 31st, 2023
LONDON (AP) – Inflation in the 20 countries that use the euro currency slowed to the lowest level in a year as energy prices dropped, but food costs were still on the rise, keeping pressure on the European Central Bank to hike interest rates further. Consumer prices in the eurozone jumped 6.9% in March from ... Read More »
Be the first to comment!Chinatowns in Western Canada evolve and renew, both within and outside tradition
By Chuck Chiang, The Canadian Press on March 31st, 2023
Every Thursday to Sunday evening, the wait staff at the Ugly Duckling Dining & Provisions restaurant carefully set knives and forks on chopstick rests at each table. The Ugly Duckling, which opened less than two months ago in Victoria’s historic Chinatown, is not a Chinese restaurant. But the fine dining eatery goes out of its ... Read More »
Be the first to comment!Quebec cracks down on Airbnb after deadly fire as some continue to evade rules
By Jacob Serebrin, The Canadian Press on March 31st, 2023
MONTREAL – The Quebec government’s crackdown on Airbnb has upended Montreal’s short-term rental market, leading some to welcome the changes and others scurrying to evade the new rules. Last week, following a fire in Old Montreal that killed seven people – including six who were staying in unlicensed short-term rentals – Airbnb said it would ... Read More »
Be the first to comment!52 years after capture, orca Lolita may return to Pacific
By Freida Frisaro And Gene Johnson, The Associated Press on March 30th, 2023
MIAMI (AP) – More than 50 years after the orca known as Lolita was captured for public display, plans are in place to return her from the Miami Seaquarium to her home waters in the Pacific Northwest, where a nearly century-old, endangered killer whale believed to be her mother still swims. An unlikely coalition involving ... Read More »
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