Business
Wall Street opens higher as regional banks bounce back
By Joe Mcdonald And Matt Ott, The Associated Press on March 21st, 2023
NEW YORK (AP) – Stocks are rallying in early trading on Wall Street on hopes for more help for banks from the U.S. government. Even the banks most beaten down by the industry’s crisis, like First Republic, were higher. The S&P 500 rose 1% early Tuesday. The Dow Jones Industrial Average and the Nasdaq composite ... Read More »
Be the first to comment!US speeds up Abrams tank delivery to Ukraine war zone
By Lolita C. Baldor, The Associated Press on March 21st, 2023
WASHINGTON (AP) – The Pentagon is speeding up its delivery of Abrams tanks to Ukraine, opting to send a refurbished older model that can be ready faster, with the aim of getting the 70-ton battle powerhouses to the war zone in eight to 10 months, U.S. officials told The Associated Press. The original plan was ... Read More »
Be the first to comment!Here’s a list of February inflation rates for selected Canadian cities
By The Canadian Press on March 21st, 2023
OTTAWA – Canada’s annual inflation rate was 5.2 per cent in February, Statistics Canada says. The agency also released rates for major cities, but cautioned that figures may have fluctuated widely because they are based on small statistical samples (previous month in brackets): – St. John’s, N.L.: 5.5 per cent (5.5) – Charlottetown-Summerside: 7.4 per ... Read More »
Be the first to comment!Here’s a list February inflation rates for Canadian provinces
By The Canadian Press on March 21st, 2023
OTTAWA – Canada’s national annual inflation rate was 5.2 per cent in February, Statistics Canada says. Here’s what happened in the provinces (previous month in brackets): – Newfoundland and Labrador: 5.4 per cent (5.5) – Prince Edward Island: 6.7 per cent (7.0) – Nova Scotia: 6.5 per cent (6.9) – New Brunswick: 5.9 per cent ... Read More »
Be the first to comment!Canada’s annual inflation rate cooled in February
By The Canadian Press on March 21st, 2023
OTTAWA – The annual pace of inflation cooled in February as it posted its largest deceleration since April 2020. Statistics Canada said Tuesday its consumer price index in February was up 5.2 per cent compared with a year earlier. The reading compared with an annual inflation rate of 5.9 per cent in January and was ... Read More »
Be the first to comment!New Brunswick government to table budget today as province sees surge in population
By The Canadian Press on March 21st, 2023
FREDERICTON – New Brunswick’s finance minister is scheduled to table a provincial budget today as the government grapples with problems in health care and housing and the effects of a population surge. Last year, the budget featured $11.3 billion in spending, with $3.2 billion set aside for health care and a one-year cap of 3.8 ... Read More »
Be the first to comment!The USMCA’s self-destruct button: review clause conjures fears of 2018 all over again
By James McCarten, The Canadian Press on March 21st, 2023
WASHINGTON – It’s been less than three years since the U.S.-Mexico-Canada Agreement replaced NAFTA as the law of the land in continental trade, and there are already hints of the existential anxiety that preceded it. That’s because of the so-called “sunset provision,” a clause that reflects the lingering working-class distrust of globalization in the U.S. ... Read More »
Be the first to comment!Nordstrom Canada liquidation sales expected to begin today as store prepares for exit
By The Canadian Press on March 21st, 2023
TORONTO – Nordstrom is expected to begin liquidating its stores across Canada today. The start of the department store chain’s closing sale comes a day after the U.S. retailer’s Canadian branch got permission from the Ontario Superior Court of Justice to start selling off merchandise. Nordstrom’s liquidation efforts are being led by Hilco Merchant Retail ... Read More »
Be the first to comment!Statistics Canada set to release its latest inflation reading this morning
By The Canadian Press on March 21st, 2023
OTTAWA – Statistics Canada is set to release its latest report on how much the cost of living is rising this morning. The federal agency will release its consumer price index for February. The overall annual inflation rate was 5.9 per cent in January, but the year-over-year increase for food prices was 10.4 per cent. ... Read More »
Be the first to comment!CN Rail and Unifor reach tentative collective agreements
By The Canadian Press on March 20th, 2023
MONTREAL – CN Rail and Unifor say they have reached new tentative collective agreements for around 3,000 workers across Canada. The union said in a press release that the four collective agreements cover CN employees in several roles across the country. Details of the agreements will not be released until they have been ratified by ... Read More »
1 responseFemale-owned businesses on the rise, but barriers persist: study
By Sammy Hudes, The Canadian Press on March 20th, 2023
TORONTO – The number of businesses owned by women is on the rise in Canada, but female entrepreneurs still disproportionately face barriers such as lack of access to capital from financial institutions, according to a new study. The Women Entrepreneurship Knowledge Hub’s 2023 State of Women’s Entrepreneurship in Canada report, released Monday, suggests the proportion ... Read More »
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