Business
Cameco expects $300M refund from Canada Revenue Agency after revised reassessments
By The Canadian Press on March 27th, 2023
SASKATOON – Cameco Corp. says it expects to receive a refund of about $300 million after the Canada Revenue Agency issued revised reassessments for the 2007 through 2013 tax years. The refund includes $89 million in cash and $211 million in letters of credit, which the company had remitted based on prior reassessments CRA issued ... Read More »
Be the first to comment!First Citizens to acquire troubled Silicon Valley Bank
By The Associated Press on March 27th, 2023
NEW YORK (AP) – North Carolina-based First Citizens will buy Silicon Valley Bank, the tech industry-focused financial institution that collapsed earlier this month, rattling the banking industry and sending shockwaves around the world. The deal could reassure investors at a time of shaken confidence in banks, though the Federal Deposit Insurance Corp. and other regulators ... Read More »
Be the first to comment!First Citizens acquires troubled Silicon Valley Bank
By The Associated Press on March 27th, 2023
NEW YORK (AP) – North Carolina-based First Citizens will buy Silicon Valley Bank, the tech industry-focused financial institution that collapsed earlier this month, rattling the banking industry and sending shockwaves around the world. The deal could reassure investors at a time of shaken confidence in banks, though the Federal Deposit Insurance Corp. and other regulators ... Read More »
Be the first to comment!Lettuce prices likely to rise again amid California flooding, experts say
By Rosa Saba, The Canadian Press on March 27th, 2023
Lettuce prices are likely to rise next month and could stay high into the summer, agriculture experts say, as flooding in a key California farming area becomes the latest example of extreme weather’s effect on the food chain. The Salinas Valley, where a vast amount of lettuce and other produce eaten in North America is ... Read More »
Be the first to comment!Canada Infrastructure Bank invests $277M in Que. biofuels facility
By Amanda Stephenson, The Canadian Press on March 27th, 2023
CALGARY – The Canada Infrastructure Bank is making its first investment in low-carbon fuels, committing $277 million to a biofuels facility under construction in Varennes, Que. The facility – known as Varennes Carbon Recycling – has a total price tag of $1.2 billion and is a joint-venture project between Shell, Suncor Energy Inc., Swiss natural ... Read More »
Be the first to comment!Saudi National Bank chair resigns after Credit Suisse storm
By The Associated Press on March 27th, 2023
DUBAI, United Arab Emirates (AP) – The chairman of Saudi National Bank resigned for “personal reasons” after his comments on Credit Suisse sent that firm’s stock cratering, a regulatory filing in the kingdom said Monday. The filing on Riyadh’s Tadawul stock exchange announced Ammar al-Khudairy’s resignation from Saudi National Bank. It dated his resignation as ... Read More »
Be the first to comment!FDIC: First Citizens Bank to acquire Silicon Valley Bank
By The Associated Press on March 27th, 2023
NEW YORK (AP) – The Federal Deposit Insurance Corp. has agreed on the sale of troubled Silicon Valley Bank to North Carolina-based First-Citizens Bank & Trust Co. The sale involves the sale of all deposits and loans of SVB to First-Citizens, the FDIC said in a statement late Sunday. The collapse of Silicon Valley Bank ... Read More »
Be the first to comment!Biden’s visit an ‘authentic’ expression of Canada’s importance to U.S.: ambassador
By The Canadian Press on March 26th, 2023
WASHINGTON – The federal Liberals aren’t the only ones declaring U.S. President Joe Biden’s visit to Ottawa a triumph for Canada-U.S. relations. U.S. envoy David Cohen describes Biden’s visit as an authentic, intimate showcase of how important Canada continues to be to its southern neighbour. Cohen is pointing to significant progress on modernizing Norad and ... Read More »
Be the first to comment!Ukraine demands emergency UN meeting over Putin nuclear plan
By Karl Ritter, The Associated Press on March 26th, 2023
KYIV, Ukraine (AP) – Ukraine’s government on Sunday called for an emergency meeting of the U.N. Security Council to “counter the Kremlin’s nuclear blackmail” after Russian President Vladimir Putin revealed plans to station tactical atomic weapons in Belarus. One Ukrainian official said that Russia “took Belarus as a nuclear hostage.” But Moscow said it was ... Read More »
Be the first to comment!Russia: Drone caused blast far from Ukraine border, 3 hurt
By Karl Ritter, The Associated Press on March 26th, 2023
KYIV, Ukraine (AP) – Russian authorities said Sunday a drone caused an explosion that injured three people in a town far from the border with Ukraine, but gave no word on the drone’s origin. The explosion occurred Sunday afternoon in the town of Kireyevsk, in the Tula region about 300 kilometers (180 miles) from the ... Read More »
Be the first to comment!For one tech company, Indigenous values are central to hiring, projects and strategy
By Rosa Saba, The Canadian Press on March 26th, 2023
TORONTO – One word you don’t expect to hear at the boardroom table is “love.” But at Indigenous-owned tech company Animikii, you can find it everywhere – including in company decisions about hiring, remote work and flexibility. The company says centring love in its decisions – from accepting clients to partnering with investors to supporting ... Read More »
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