Business
Squamish, B.C., LNG facility plans to achieve net-zero emissions at operation’s start
By The Canadian Press on March 23rd, 2023
SQUAMISH, B.C. – Proponents of a British Columbia liquefied natural gas export facility have unveiled plans to achieve net-zero emissions commitments in the construction phase and for its future operations. Woodfibre LNG says in a statement it plans to meet net-zero emissions by the time operations start at the south coast export facility in 2027. ... Read More »
Be the first to comment!Trudeau stayed in $6,000 London hotel suite for Queen Elizabeth II’s funeral
By The Canadian Press on March 23rd, 2023
OTTAWA – The Prime Minister’s Office says Justin Trudeau and his wife, Sophie Grégoire Trudeau, stayed in a $6,000 per night hotel suite while attending the funeral for Queen Elizabeth II. The stay at the Corinthia London hotel became the subject of public debate last fall when media honed in on the details of the ... Read More »
Be the first to comment!TikTok CEO grilled by skeptical lawmakers on safety, content
By Haleluya Hadero And Farnoush Amiri, The Associated Press on March 23rd, 2023
WASHINGTON (AP) – U.S. lawmakers grilled the CEO of TikTok over data security and harmful content Thursday, responding skeptically during a tense committee hearing to his assurances that the hugely popular video-sharing app prioritizes user safety and should not be banned. Shou Zi Chew’s rare public appearance came at a crucial time for the company, ... Read More »
Be the first to comment!S&P/TSX composite down Thursday, U.S. markets post small gain despite morning rally
By The Canadian Press on March 23rd, 2023
TORONTO – The S&P/TSX composite index was down about 70 points Thursday, while U.S. markets posted small gains, with markets rallying for most of the day before sputtering in the last trading hour. The S&P/TSX composite index was down 72.86 points at 19,459.92. In New York, the Dow Jones industrial average was up 75.14 points ... Read More »
Be the first to comment!CRTC looking into wireless roaming fee hikes as industry minister signals concern
By Sammy Hudes, The Canadian Press on March 23rd, 2023
The CRTC said it is already reviewing wireless roaming fees as Industry Minister François-Philippe Champagne signalled concerns about companies hiking rates even as phone bills in other jurisdictions are on the decline. In a letter to CRTC chairwoman and CEO Vicky Eatrides on Thursday, Champagne asked the federal telecommunications regulator to look into rising roaming ... Read More »
Be the first to comment!Wall Street swings as questions about banks, rates linger
By Stan Choe, The Associated Press on March 23rd, 2023
NEW YORK (AP) – Stocks closed mostly higher after a wobbly day of trading as worries continued to rise about the banking industry. The S&P 500 rose 0.3% Thursday after veering all the way from a 1.8% gain earlier in the day to a 0.4% loss. The Dow Jones Industrial Average posted a slight gain ... Read More »
Be the first to comment!Ontario expects $1.3B deficit, to post surplus in a year
By Allison Jones, The Canadian Press on March 23rd, 2023
TORONTO – Ontario plans to start posting budget surpluses in a year, leaning heavily on booming revenues to outweigh increased spending on health care ““ which includes boosts to hospitals, home care and the medical workforce. Finance Minister Peter Bethlenfalvy said his nearly $205-billion plan released Thursday shows that the province can spend responsibly. “We ... Read More »
Be the first to comment!Enbridge ‘disappointed’ as environmental review for Line 5 tunnel extended
By The Canadian Press on March 23rd, 2023
CALGARY – The timeline of a U.S. review of a proposed Great Lakes tunnel that’s a critical part of Enbridge Inc.’s Line 5 pipeline replacement project has been pushed back by more than a year. The U.S. Army Corps of Engineers said Thursday it now expects to complete its draft environmental impact statement for Enbridge’s ... Read More »
Be the first to comment!Magnet Forensics shareholders vote in favour of Thoma Bravo deal
By The Canadian Press on March 23rd, 2023
Magnet Forensics Inc. shareholders have voted in favour ofU.S. private equity firm Thoma Bravo’s $1.8-billion takeover of the cybersecurity company. The Waterloo, Ont.-based technology company announced the approval during a shareholders’ meeting today, but said it would share how many votes were cast in favour and against the deal later. In the lead up to ... Read More »
Be the first to comment!Skeptical US lawmakers grill TikTok CEO over safety, content
By Haleluya Hadero And Farnoush Amiri, The Associated Press on March 23rd, 2023
WASHINGTON (AP) – U.S. lawmakers grilled the CEO of TikTok over data security and harmful content Thursday, responding skeptically during a tense committee hearing to his assurances that the hugely popular video-sharing app prioritizes user safety and should not be banned. Shou Zi Chew’s rare public appearance came at a crucial time for the company, ... Read More »
Be the first to comment!Industry Minister asks CRTC to look into wireless roaming fees on the rise
By Sammy Hudes, The Canadian Press on March 23rd, 2023
Industry Minister François-Philippe Champagne has asked the federal telecommunications regulator to look into wireless roaming fees, saying he’s concerned about companies hiking their rates while phone bills in other jurisdictions are generally declining. In a letter to CRTC chairwoman and CEO Vicky Eatrides, Champagne said the regulator plays an important role in promoting affordability and ... Read More »
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