Business
Budget 2023: Key highlights from the federal Liberals’ spending plan
By Stephanie Taylor, The Canadian Press on March 28th, 2023
OTTAWA – The federal Liberal government has released a 2023-24 spending plan that prioritizes spending on health care, transitioning Canadian businesses to a clean economy and offering affordability measures to help Canadians dealing with high prices from inflation. Here are the key highlights from this year’s federal budget: ““ $40.1 billion: Projected federal deficit for ... Read More »
Be the first to comment!Stocks edge lower as Wall Street regains some stability
By Stan Choe, The Associated Press on March 28th, 2023
NEW YORK (AP) – Weakness for some Big Tech stocks tugged Wall Street a bit lower, but the market overall was mixed and regaining some stability at the tail end of what’s been a turmoil-filled month. The S&P 500 fell 0.2% Tuesday. More stocks rose than fell within the index. The Dow Jones Industrial Average ... Read More »
Be the first to comment!French police counter protest violence; trash strike ends
By Nicolas Garriga And John Leicester, The Associated Press on March 28th, 2023
PARIS (AP) – Bolstered French police forces clashed with demonstrators in numerous cities Tuesday as hundred of thousands of marchers protested President Emmanuel Macron’s unpopular retirement reform. Security was ramped up for the 10th round of protest marches since January after the government warned that some demonstrators intended “to destroy, to injure and to kill.” ... Read More »
Be the first to comment!Ontario financial services watchdog proposes changes to deter mortgage fraud
By The Canadian Press on March 28th, 2023
TORONTO – Ontario’s financial services watchdog is proposing changes to guidance offered to mortgage agents and brokerages in an effort to deter deceptive and fraudulent mortgage activity. The Financial Services Regulatory Authority of Ontario says its proposed changes would strengthen how documents and identities are verified. The watchdog is also pushing for more processes ensuring ... Read More »
Be the first to comment!SNDL to purchase four Dutch Love cannabis stores in $7.8 million deal
By The Canadian Press on March 28th, 2023
Calgary-based pot retailer SNDL Inc. says it is buying four Dutch Love cannabis stores from Lightbox Enterprises Ltd. SNDL says it is paying $7.8 million for three stores in B.C., one in Ontario and the right to use some of Dutch Love’s intellectual property. Around $1.5 million of the price will be paid in cash, ... Read More »
Be the first to comment!Republicans, Democrats spar on Capitol Hill over Canada-U.S. migration ‘crisis’
By The Canadian Press on March 28th, 2023
WASHINGTON – Republicans and Democrats are doing battle today over what one side calls a “crisis” of illegal immigration at the Canada-U.S. border. Democrats on the House Committee on Homeland Security say their Republican counterparts are trying to manufacture a non-existent crisis. Rep. Dan Bishop (R-N.C.), chairman of the homeland security oversight subcommittee, says border ... Read More »
Be the first to comment!French police brace for protest violence; trash strike ends
By Nicolas Garriga And John Leicester, The Associated Press on March 28th, 2023
PARIS (AP) – Tens of thousands marched as protests and strikes against unpopular pension reforms gripped France again Tuesday, with police ramping up security after the government warned that radical demonstrators intended “to destroy, to injure and to kill.” Concerns that violence could mar the demonstrations prompted what Interior Minister Gérald Darmanin described as an ... Read More »
Be the first to comment!Fed official: Bank rules under review in wake of SVB failure
By Christopher Rugaber, The Associated Press on March 28th, 2023
WASHINGTON (AP) – The Federal Reserve’s bank supervisors informed Silicon Valley Bank’s management as early as the fall of 2021 of risks stemming from its unusual business model, a top Fed official said Tuesday, but the bank’s managers failed to take the steps necessary to fix its problems. The Fed official, Michael Barr, the nation’s ... Read More »
Be the first to comment!Some Flair customers say they’re owed more after plane seizures, flight cancellations
By Christopher Reynolds, The Canadian Press on March 28th, 2023
Flair Airlines says it has reimbursed virtually all 1,900 passengers whose flights were cancelled after the seizure of four of the carrier’s planes earlier this month, but some customers say they are owed more money. Bailiffs repossessed the Boeing 737 jets, on which the discount airline had overdue payments, at airports in Toronto, Edmonton and ... Read More »
Be the first to comment!Canadian Tire distribution centre remains closed after fire at Brampton facility
By The Canadian Press on March 28th, 2023
TORONTO – Operations at one of Canadian Tire Corp.’s largest distribution centres remain suspended after a fire earlier this month. Canadian Tire says all employees were safely evacuated from the Brampton, Ont., distribution centre after a fire broke out on March 15. The company says the warehouse services Canadian Tire stores nationally and inventory is ... Read More »
Be the first to comment!Crescent Point to buy Spartan Delta Corp.’s Montney assets in $1.7-billion deal
By The Canadian Press on March 28th, 2023
CALGARY – Crescent Point Energy Corp. says it has reached a deal to buy Spartan Delta Corp.’s Montney oilfield assets in Alberta for $1.7 billion. The all-cash deal will see Crescent Point acquire 600 drilling locations in the Montney shale play of northwest Alberta, one of the largest unconventional petroleum plays in North America. Calgary-based ... Read More »
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