Business
Don’t assume U.S. minds are made up about Safe Third Country treaty: Canada’s envoy
By James McCarten, The Canadian Press on March 22nd, 2023
WASHINGTON – President Joe Biden’s administration is not dismissing out of hand the idea of renegotiating the bilateral 2004 treaty that governs the flow of asylum seekers across its northern border, says Canada’s ambassador to the U.S. Kirsten Hillman, in Ottawa to prepare for Biden’s impending arrival on Thursday, said the administration understands how the ... Read More »
Be the first to comment!Canada’s stockpile of ventilators up from 500 to 27,000 after push to procure them
By Camille Bains, The Canadian Press on March 22nd, 2023
Canada’s race to procure ventilators for COVID-19 patients in the early days of the pandemic had researchers, scientists, industry and a notable astrophysicist working “night and day”to design machines that could be quickly manufactured domestically. Various efforts included a Montreal-based competition that drew global competitors and a group of scientists and engineers involving Queen’s University ... Read More »
Be the first to comment!Canadian home sales expected to pick up in spring but inventory still lags
By Tara Deschamps, The Canadian Press on March 22nd, 2023
TORONTO – With two kids under the age of six living in a two-bedroom, one-bathroom household, Jacquelin Forsey and her husband have long known it would only be a matter of time before their family outgrew their beloved home. Long hours in the small space while Forsey was pregnant and toiling away from home during ... Read More »
Be the first to comment!UK inflation jumps to 10.4%, surprising analysts
By The Associated Press on March 22nd, 2023
LONDON (AP) – Britain’s inflation rate rose for the first time in four months in February, surprising an analysts and increasing pressure on the Bank of England to raise interest rates at its meeting on Thursday. The consumer price index jumped to 10.4% in the 12 months through February from 10.1% the previous month, as ... Read More »
Be the first to comment!Asian shares advance on back of Wall Street rally
By Elaine Kurtenbach, The Associated Press on March 21st, 2023
BANGKOK (AP) – Asian shares advanced Wednesday after a Wall Street rally led by the banks most beaten down by the industry’s crisis. Oil prices fell back and U.S. futures were little changed. Investors are awaiting an interest rate decision by the Federal Reserve, which is expected to temper its efforts to tame inflation given ... Read More »
Be the first to comment!N.W.T. diamond mine reports spill of 450 million litres of wastewater
By The Canadian Press on March 21st, 2023
YELLOWKNIFE – The Diavik Diamond Mine in the Northwest Territories says 450 million litres of wastewater spilled due to a broken pipeline. The spill took place on Feb. 7 but wasn’t reported to the Northwest Territories government until late last week. The territorial government says pipeline operators did not initially believe it needed to be ... Read More »
1 responseHighlights from New Brunswick’s 2023-24 provincial budget
By The Canadian Press on March 21st, 2023
FREDERICTON – New Brunswick Finance Minister Ernie Steeves tabled a $12.2-billion budget for 2023-24 on Tuesday. Here are some highlights: – A projected surplus of $40.3-million surplus on total revenues of $12.19 billion and expenditures of $12.15 billion. – $3.3 million for New Brunswick Cancer network programs, and $6.4 million to expand pharmacist assessment and ... Read More »
1 responseStocks rise for first 2-day rally since banking crisis began
By Stan Choe And Alex Veiga, The Associated Press on March 21st, 2023
NEW YORK (AP) – Stocks rallied Tuesday, led by the banks most beaten down by the industry’s crisis, and some of Wall Street’s fear washed out on hopes the U.S. government will offer more help if needed. The S&P 500 jumped 1.3% to lock in its first back-to-back gain since Silicon Valley Bank’s quicksilver failure ... Read More »
1 responseS&P/TSX composite rises Tuesday on energy and financials, U.S. markets also gain
By The Canadian Press on March 21st, 2023
TORONTO – Markets in the U.S. and Canada posted gains for the second day in a row Tuesday, with the S&P/TSX composite led by strength in energy and financial stocks. The S&P/TSX composite index was up 135.49 points at 19,654.92. In New York, the Dow Jones industrial average was up 316.02 points at 32,560.60. The ... Read More »
1 responseStocks rally on Wall Street, even the most beaten-down banks
By Stan Choe, The Associated Press on March 21st, 2023
NEW YORK (AP) – Stocks rallied on Wall Street, including the banks most beaten down by the industry’s crisis. The S&P 500 rose 1.3% Tuesday, its first back-to-back gain in two weeks, after Treasury Secretary Janet Yellen said the government could offer the banking industry more assistance if needed. The Dow and the Nasdaq also ... Read More »
1 responseNew Brunswick’s $12.2-billion budget targets challenges that come with growth
By Hina Alam, The Canadian Press on March 21st, 2023
FREDERICTON – The New Brunswick government tabled a $12.2-billion budget Tuesday that forecasts a small surplus and promises a funding boost to help stabilize the ailing health-care sector. Finance Minister Ernie Steeves said the province is operating in a volatile economic environment where rapidly rising prices are putting pressure on household budgets and increasing costs ... Read More »
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