Business
S&P/TSX composite posts small gain Friday after morning losses, U.S. markets also up
By The Canadian Press on March 24th, 2023
TORONTO – Markets in the U.S. and Canada posted small gains Friday after recovering from losses to start the day, marking the end of the second week of volatile trading over concerns about the banking sector and high interest rates. The S&P/TSX composite index was up 41.57 points at 19,501.49. In New York, the Dow ... Read More »
Be the first to comment!ConocoPhillips details gas leak cause, remedies at hearing
By The Associated Press on March 24th, 2023
ANCHORAGE, Alaska (AP) – ConocoPhillips, which last week received U.S. government approval for the massive Willow oil drilling project in Alaska, detailed reasons for a natural gas leak at another North Slope field that prompted the evacuation of 300 employees last year. Officials with the company said that pumping 170 barrels (27,028 litres) of diesel ... Read More »
Be the first to comment!Airbnb to pull illegal listings in Quebec days after fatal Montreal fire
By The Canadian Press on March 24th, 2023
MONTREAL – Short-term rental company Airbnb says it will pull listings in Quebec that don’t have a permit from the provincial government. The San Francisco-based company made the announcement today, eight days after a fatal fire destroyed an Old Montreal building that housed illegal rentals. Four bodies have so far been pulled from the rubble ... Read More »
Be the first to comment!Chad nationalizes assets by oil giant Exxon, says government
By Sam Mednick, The Associated Press on March 24th, 2023
DAKAR, Senegal (AP) – Chad is nationalizing all assets from multinational oil giant Exxon Mobil, including its hydrocarbon and exploration permits, said the government. “³The finance and budget minister must make sure the said decree is implemented from the date of its publishing,” said Haliki Choua Mahamat the government’s general secretary on state media. The ... Read More »
Be the first to comment!CP NewsAlert: Airbnb to pull listings that don’t have proper permits in Quebec
By The Canadian Press on March 24th, 2023
MONTREAL – Short-term rental company Airbnb says it will pull listings that don’t have a proper permit from the Quebec government. The San Francisco-based company made the announcement eight days after a fatal fire destroyed an Old Montreal building that housed illegal rentals. Four bodies have so far been pulled from the rubble and three ... Read More »
Be the first to comment!Magnet Forensics shareholder Nellore challenges value of takeover deal
By The Canadian Press on March 24th, 2023
One of Magnet Forensics Inc.’s shareholders says it has filed a notice of dissent after investors voted in favour of Thoma Bravo’s $1.8-billion takeover of the cybersecurity company. Nellore Capital Management LLC founder and portfolio manager Sakya Duvvuru says if he and Magnet cannot reach a deal on the company’s valuation, the matter will be ... Read More »
Be the first to comment!S&P/TSX composite down nearly 100 points, U.S. stock markets also retreat
By The Canadian Press on March 24th, 2023
TORONTO – Canada’s main stock index was down nearly 100 points in late-morning trading, weighed down by losses in the energy stocks as the price of oil moved lower, while U.S. stock markets also retreated. The S&P/TSX composite index was down 95.14 points at 19,364.78. In New York, the Dow Jones industrial average was down ... Read More »
Be the first to comment!US stocks open lower as bank worries still weigh on markets
By Elaine Kurtenbach And Matt Ott, The Associated Press on March 24th, 2023
NEW YORK (AP) – Stocks are falling as more worries about banks on both sides of the Atlantic tug markets lower. The S&P 500 fell 0.6% early Friday. The Dow and the Nasdaq also fell. Treasury yields dropped. Markets have been turbulent on worries that banks are weakening under pressure from higher interest rates. That’s ... Read More »
Be the first to comment!Onex signs agreement to move Gluskin Sheff wealth management advisor teams to RBC
By The Canadian Press on March 24th, 2023
TORONTO – Onex Corp. has signed an agreement to move its Gluskin Sheff wealth management advisor teams to RBC Wealth Management Canada (RBC WMC). Under the plan, RBC WMC will offer employment to all of the advisor teams of Gluskin Sheff, Onex’s private wealth business. Onex says Gluskin Sheff intends to wind down its wealth ... Read More »
Be the first to comment!Statistics Canada says retail sales up 1.4 per cent in January
By The Canadian Press on March 24th, 2023
OTTAWA – Statistics Canada says retail sales rose 1.4 per cent to $66.4 billion in January, helped by gains at motor vehicle and parts dealers as well as gas stations. The result topped the agency’s initial estimate for the month that suggested a gain of 0.7 per cent for the first month of 2023. However, ... Read More »
Be the first to comment!Deutsche Bank shares drop amid global jitters over banks
By David Mchugh, The Associated Press on March 24th, 2023
FRANKFURT, Germany (AP) – Shares in Deutsche Bank, Germany’s largest lender, fell sharply on Friday, dragging down major European banks as fears about weaknesses in the global financial system send fresh shudders through the markets. Deutsche Bank shares were off 12.8% in midday trading on the German stock exchange. The drop follows a steep rise ... Read More »
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