Business
Zelenskyy seeks weaponry in surprise trips to London, Paris
By Jill Lawless And Silvie Corbet, The Associated Press on February 8th, 2023
PARIS (AP) – Ukrainian President Volodymyr Zelenskyy sought Western support for his country in surprise visits to Britain and France on Wednesday, pushing for fighter jets to battle Russian invaders in a dramatic speech to the U.K. Parliament and then flying to Paris to meet the French and German leaders over dinner at the Elysee ... Read More »
Be the first to comment!Five key takeaways from the BoC’s first summary of interest rate deliberations
By The Canadian Press on February 8th, 2023
OTTAWA – In a first for the Bank of Canada, it has released a summary of deliberations by its governing council regarding its policy decision to raise its key interest rate target by a quarter of a percentage point to 4.5 per cent in January. The bank’s governing council – made up of governor Tiff ... Read More »
Be the first to comment!Oil major TotalEnergies doubles annual profit to $36 billion
By The Associated Press on February 8th, 2023
PARIS (AP) – France’s TotalEnergies SE doubled its profits in 2022, joining other international oil and gas companies in fattening their bottom lines as high energy prices surged after Russia’s invasion of Ukraine. Adjusted net income rose to $36.2 billion, up from $18.1 billion in 2021, the company said Wednesday. Earnings benefited from robust refinery ... Read More »
Be the first to comment!CP NewsAlert: Netflix Canada begins password sharing crackdown
By The Canadian Press on February 8th, 2023
TORONTO – Netflix Canada says it will begin notifying subscribers today about new limitations around password sharing outside their households. Premium and standard account holders can add up to two members they don’t live with for an additional $7.99. The streaming service didn’t say when it would begin enforcing the new rules. More coming... Read More »
Be the first to comment!Labour shortages could push up wages, ‘reignite inflation’ in long run, report warns
By The Canadian Press on February 8th, 2023
TORONTO – A new report says a protracted labour shortage in Canada could fuel more rapid wage growth and inflation over time, potentially prompting the need for higher interest rates long-term. The RBC Economics report says wages are growing quickly in Canada, but so far not fast enough to match inflation. In November, for example, ... Read More »
Be the first to comment!Hot economy, inflation were at crux of BoC’s last rate decision: summary
By The Canadian Press on February 8th, 2023
OTTAWA – The Bank of Canada’s first-ever summary of deliberations reveals that the governing council ultimately decided to raise its key interest rate last month because of ongoing strength in the economy. The decision to hike by a quarter of a percentage point on Jan. 25 came after the central bank discussed the risk that ... Read More »
Be the first to comment!Canadian Press NewsAlert: Hot economy, inflation were at crux of BoC’s rate decision
By The Canadian Press on February 8th, 2023
OTTAWA – The Bank of Canada’s first-ever summary of deliberations reveals that the governing council ultimately decided to raise its key interest rate last month because of ongoing strength in the economy. The decision to hike by a quarter of a percentage point came after the central bank discussed the risk that inflation will get ... Read More »
1 responseGrammy-winning Canadian songwriter Tobias Jesso Jr. sells song catalogue to Hipgnosis
By David Friend, The Canadian Press on February 8th, 2023
TORONTO – Hot off winning two Grammys on Sunday, Canadian singer-songwriter Tobias Jesso Jr. has sold the rights for part of his song catalogue to a prominent music investment company. Hipgnosis Song Management says it has acquired full ownership of the North Vancouver native’s interest in publishing copyrights – including his share of performance rights ... Read More »
1 responsePrairies stand to benefit the most from boost to immigration target: Desjardins
By The Canadian Press on February 8th, 2023
OTTAWA – A new Desjardins report suggests Canada’s immigration target increase could spur economic growth, with the Prairies standing to benefit the most. Principal economist Marc Desormeaux says his analysis finds Canada’s plan to increase immigration could boost gross domestic product per capita if newcomers continue to have the same success getting work that they’ve ... Read More »
1 responseAuto industry leaders emphasize urgency of Canadian EV response as U.S. cash flows
By The Canadian Press on February 8th, 2023
TORONTO – Automotive industry leaders say the need for Canada to take action on the electric vehicle transition has taken on significantly greater urgency as money starts to flow in the U.S. from massive government incentives. Speaking at an electric vehicle conference in Toronto Wednesday, GM Canada president Marissa West says that sense of urgency ... Read More »
1 responseTim Hortons master franchisee in China enters deal to develop Popeyes in China
By The Canadian Press on February 8th, 2023
TORONTO – The parent company of the master franchisee of Tim Hortons coffee shops in China says it has signed a deal for the exclusive development of Popeyes in mainland China and Macau. TH International Ltd., often branded Tims China, says the transaction will be overseen by an independent audit committee and is subject to ... Read More »
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