Business
S&P/TSX composite up nearly 100 points, U.S. stock markets also climb higher
By The Canadian Press on March 30th, 2023
TORONTO – Canada’s main stock index was up nearly 100 points in late-morning trading as gains in the base metals sector helped lead a broad-based rally and U.S. stock markets also advanced. The S&P/TSX composite index was up 97.90 points at 19,935.55. In New York, the Dow Jones industrial average was up 89.55 points at ... Read More »
Be the first to comment!Stocks keep climbing as fear keeps falling on Wall Street
By Yuri Kageyama And Matt Ott, The Associated Press on March 30th, 2023
NEW YORK (AP) – Stocks are rising again as a bit more fear evaporates from Wall Street. The S&P 500 was up 0.7% early Thursday. The benchmark index is on pace for its fifth gain in the last six days. Stocks are The index is up for the month after struggling in earlier weeks on ... Read More »
Be the first to comment!More Americans file for jobless claims; layoffs remain low
By Matt Ott, The Associated Press on March 30th, 2023
U.S. applications for jobless benefits rose last week but remain at historically low levels despite efforts by the Federal Reserve to cool the economy and the job market in its fight against inflation. Jobless claims in the U.S. for the week ending March 25 rose by 7,000 to 198,000 from the previous week, the Labor ... Read More »
Be the first to comment!US revises down last quarter’s economic growth to 2.6% rate
By Paul Wiseman, The Associated Press on March 30th, 2023
WASHINGTON (AP) – The U.S. economy maintained its resilience from October through December despite rising interest rates, growing at a 2.6% annual pace, the government said Thursday in a slight downgrade from its previous estimate. The government had previously estimated that the economy expanded at a 2.7% annual rate last quarter. The rise in the ... Read More »
Be the first to comment!Constellation Software reports US$152M Q4 profit, acquisitions help lift revenue
By The Canadian Press on March 30th, 2023
TORONTO – Constellation Software Inc. reported a fourth-quarter profit of US$152 million, up from $124 million a year earlier, as acquisitions helped its revenue grow. The company, which keeps its books in U.S. dollars, says the profit amounted to US$7.19 per diluted share for the quarter ended Dec. 31. The result compared with a profit ... Read More »
Be the first to comment!Responding to Indigenous, Vatican rejects Discovery Doctrine
By Nicole Winfield, The Associated Press on March 30th, 2023
VATICAN CITY (AP) – The Vatican on Thursday responded to Indigenous demands and formally repudiated the “Doctrine of Discovery,” the theories backed by 15th-century “papal bulls” that legitimized the colonial-era seizure of Native lands and form the basis of some property law today. A Vatican statement said the 15th-century papal bulls, or decrees, “did not ... Read More »
Be the first to comment!As Canadians miss out on benefits, Ottawa promises automatic tax filing is on the way
By Nojoud Al Mallees, The Canadian Press on March 30th, 2023
OTTAWA – The Canada Revenue Agency will pilot a new automatic system next year to help vulnerable Canadians who don’t file their taxes get their benefits. This week’s federal budget says the Canada Revenue Agency will also present a plan in 2024 to expand the service, following consultations with stakeholders and community organizations. The move ... Read More »
Be the first to comment!Asia stocks mostly rise after Wall St rally, bank fears ease
By Yuri Kageyama, The Associated Press on March 30th, 2023
TOKYO (AP) – Asian shares were mostly higher Thursday following a rally on Wall Street as worries over banks following the collapses of several lenders in recent weeks receded. Forceful actions by regulators have helped to calm markets as investors have turned their focus to how central banks might adjust their interest rate policies to ... Read More »
Be the first to comment!Asian stocks mixed after Wall St rally as bank fears ease
By Yuri Kageyama, The Associated Press on March 29th, 2023
TOKYO (AP) – Asian shares were mixed Thursday following a rally on Wall Street as worries over banks following the collapses of several lenders in recent weeks eased further. Forceful actions by regulators have helped to calm markets as investors have turned their focus to how central banks might adjust their interest rate policies to ... Read More »
Be the first to comment!Companies bid $264M in Gulf oil sale mandated by climate law
By Kevin Mcgill And Matthew Brown, The Associated Press on March 29th, 2023
NEW ORLEANS (AP) – Oil companies offered a combined $264 million for drilling rights in federal waters in the Gulf of Mexico on Wednesday in a sale mandated by last year’s climate bill compromise. The auction was the first in the Gulf in more than a year and drew strong interest from industry giants including ... Read More »
Be the first to comment!S&P/TSX composite rises almost one per cent, U.S. markets also post gains
By Rosa Saba, The Canadian Press on March 29th, 2023
TORONTO – Canada’s main stock index rose almost one per cent Wednesday amid broad-based strength while U.S. markets also posted strong gains. “It’s a rather benign day,” said Craig Fehr, investment strategist at Edward Jones. “We’re seeing markets get a boost from the ongoing deep sigh of relief that the banking crisis, while not over, ... Read More »
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