Business
Liberals to go after predatory lending in today’s budget, invest in dental care plan
By Nojoud Al Mallees and Mia Rabson, The Canadian Press on March 28th, 2023
OTTAWA – Finance Minister Chrystia Freeland is set to table a federal budget in the House of Commons on Tuesday afternoon, which a federal source says will include plans to go after predatory lending and more details on dental care as part of a pitch to make life more affordable. The government official, who was ... Read More »
Be the first to comment!Bring title insurers under anti-money laundering rules, former executive says
By Darryl Greer, The Canadian Press on March 28th, 2023
Title insurers need to be brought under anti-money laundering rules to fight against scam artists who impersonate homeowners to sell or mortgage their properties, a former insurance executive says. Tim Hyde, who spent years in the title insurance business in Ontario, said dozens of cases involving impersonators in Ontario and B.C. showed the need for ... Read More »
Be the first to comment!Test Test Test Test Test Test from IT
By The Canadian Press on March 27th, 2023
IT Test Text goes here. This report by The Canadian Press was first published Month Date, 2023. Companies in this story: (TSX:TKTK)... Read More »
Be the first to comment!Japan to resume imports of Canadian processed beef, 20 years after mad cow disease
By The Canadian Press on March 27th, 2023
OTTAWA – Japan is lifting the last of its restrictions against Canadian beef, 20 years after BSE, often called mad cow disease, devastated this country’s cattle industry. The federal government says Japan is reopening its doors to processed beef and beef patties from Canada. The move puts an end to the market access barriers Japan ... Read More »
Be the first to comment!Canadian branch not included in sale of Silicon Valley Bank to First Citizens
By The Canadian Press on March 27th, 2023
TORONTO – A regulatory filing shows the Canadian branch of Silicon Valley Bank is not part in First Citizens’ purchase of most of the failed U.S. bank. The U.S. 8-K filing shows that the Canadian, German and Hong Kong branches of Silicon Valley Bank will instead be available as an option for First Citizens to ... Read More »
Be the first to comment!S&P/TSX composite posts gain Monday on energy strength, U.S. markets mixed
By The Canadian Press on March 27th, 2023
TORONTO – Canada’s main stock index gained more than a hundred points Monday, buoyed by strength in the energy and financial sectors, while U.S. markets were mixed. The S&P/TSX composite index was up 123.25 points at 19,624.74. In New York, the Dow Jones industrial average was up 194.55 points at 32,432.08. The S&P 500 index ... Read More »
Be the first to comment!Most stocks tick up, including a jump for beaten-down banks
By Stan Choe, Damian J. Troise And Alex Veiga, The Associated Press on March 27th, 2023
NEW YORK – Stocks closed mostly higher on a steadying Wall Street as battered banks showed more strength, at least for now. The S&P 500 rose 0.2% Monday. The Dow Jones Industrial Averate also rose, while the Nasdaq fell. Markets have been in turmoil following the second- and third-largest U.S. bank failures in history earlier ... Read More »
Be the first to comment!Saskatchewan looks to boost critical minerals industry
By Jeremy Simes, The Canadian Press on March 27th, 2023
REGINA – The Saskatchewan government is hoping to bolster critical mineral exploration after announcing a strategy Monday that aims to attract investment and double production by 2030. The strategy would see the province expand a tax credit program and provide millions more dollars in grants to companies. The federal government has promoted critical minerals as ... Read More »
Be the first to comment!Deal to buy Silicon Valley Bank calms bank fears, for now
By Stan Choe, The Associated Press on March 27th, 2023
NEW YORK (AP) – First Citizens Bank is buying much of Silicon Valley Bank, the tech-focused financial institution whose failure this month set off a chain reaction that helped rattle faith in banks around the world. The Federal Deposit Insurance Corp. and other regulators had already taken extraordinary steps to head off a wider crisis ... Read More »
Be the first to comment!Saskatchewan looks to boost critical mineral industry through new strategy
By The Canadian Press on March 27th, 2023
REGINA – The Saskatchewan government is launching a critical minerals strategy with the hope of growing the industry. It aims to double the number of critical minerals produced in Saskatchewan by 2030. It also wants industry to spend more on exploration. The province hopes to achieve this by expanding an exploration tax credit to 30 ... Read More »
Be the first to comment!US to adopt new restrictions on using commercial spyware
By Nomaan Merchant, The Associated Press on March 27th, 2023
WASHINGTON (AP) – The U.S. government will restrict its use of commercial spyware tools that have been used to surveil human rights activists, journalists and dissidents around the world, under an executive order issued Monday by President Joe Biden. The order responds to growing U.S. and global concerns about programs that can capture text messages ... Read More »
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