Business
Ritchie Bros. Auctioneers Inc. completes acquisition of IAA Inc.
By The Canadian Press on March 20th, 2023
VANCOUVER – Ritchie Bros. Auctioneers Inc. announced it has closed its acquisition of U.S. firm IAA Inc. after a contentious few months that saw shareholders divided over the deal. Shareholders of the Vancouver-based auction company voted to approve the deal last Tuesday, as did shareholders in IAA, an automotive salvage company. Several Ritchie Bros. shareholders ... Read More »
1 response‘Not a matter of state secrets’: Anand dismisses concerns over McKinsey contracts
By The Canadian Press on March 20th, 2023
OTTAWA – Defence Minister Anita Anand says there are no security risks from her department’s contracts with McKinsey & Company. Anand told a parliamentary committee this afternoon that the Defence Department has signed about $30 million in contracts with the consulting firm. But she says those contracts focused on helping defence and military officials with ... Read More »
1 responseSafety steps Airbnb renters can take — and measures that operators must
By The Canadian Press on March 20th, 2023
A deadly fire that swept through a building in Old Montreal on Thursday where several apartments were being used as Airbnb units is raising safety concerns about short-term rental properties. Here are several steps guests can take to protect themselves: For guests: Check to see a rental’s registration number is posted in the listing as ... Read More »
Be the first to comment!S&P/TSX composite posts gain Monday on energy strength, U.S. markets also rise
By The Canadian Press on March 20th, 2023
TORONTO – Canada’s main stock index began the week by posting a gain of more than 130 points, fueled by strength in energy stocks, while U.S. markets also rose. The S&P/TSX composite index was up 131.71 points at 19,519.43. In New York, the Dow Jones industrial average was up 382.60 points, or 1.2 per cent, ... Read More »
Be the first to comment!Finance Minister outlines budget priorities as pre-budget week kicks off
By The Canadian Press on March 20th, 2023
OSHAWA, Ont. – Finance Minister Chrystia Freeland outlined some of the key government spending priorities as she kicked a week of pre-budget events. Speaking to a group of electrician students at a union training centre in Oshawa, Ont., Freeland emphasized that the federal government will continue to invest in the transition to a clean economy. ... Read More »
Be the first to comment!Women make up one-third of S&P/TSX composite board positions for first time: ISS
By The Canadian Press on March 20th, 2023
TORONTO – ISS Corporate Solutions, Inc. says for the first time ever women hold one-third of the board director positions across companies listed on the S&P/TSX composite. The corporate governance company says that when it ended its analysis in January, women held 33.7 per cent of board seats, up from 27.9 per cent in January ... Read More »
Be the first to comment!French government survives no-confidence votes over pensions
By Sylvie Corbet And Elaine Ganley, The Associated Press on March 20th, 2023
PARIS (AP) – The French government has survived two no-confidence votes in the lower chamber of parliament, proposed by lawmakers who objected to its push to raise the retirement age from 62 to 64. National Assembly lawmakers rejected both motions Monday – one from the far-right National Rally and the other, more threatening one from ... Read More »
Be the first to comment!Women-owned businesses on the rise, but barriers persist: study
By The Canadian Press on March 20th, 2023
TORONTO – A new study finds that while the pandemic disproportionately hurt female entrepreneurs, the number of women-owned businesses is on the rise. The Women Entrepreneurship Knowledge Hub’s 2023 State of Women’s Entrepreneurship in Canada report says the proportion of majority women-owned businesses is increasing. The study estimates 18 per cent of businesses are majority-owned ... Read More »
Be the first to comment!French government survives 1st no-confidence vote
By Sylvie Corbet And Elaine Ganley, The Associated Press on March 20th, 2023
PARIS (AP) – The French government has survived a no-confidence vote in the lower chamber of parliament and is expected to survive a second one, after its push last week to raise the retirement age from 62 to 64. The no-confidence motion filed by a small centrist group and supported by a leftist coalition received ... Read More »
Be the first to comment!Canadian bank funding stable despite $57B market cap loss: report
By The Canadian Press on March 20th, 2023
TORONTO – Credit rating agency DBRS Morningstar says funding levels at Canadian banks are stable despite about $57 billion in lost market capitalization for the Big Six banks over the past two weeks. Analyst Carl De Souza says in a report out Monday that the failure of Silicon Valley Bank and Signature Bank are idiosyncratic ... Read More »
Be the first to comment!Nexus trusted-traveller program to fully resume by April 24 after yearlong standoff
By The Canadian Press on March 20th, 2023
OTTAWA – The federal government says the Nexus trusted-traveller program will fully ramp back up within five weeks, allowing frequent border crossers to complete their applications and speed up their trips. Registering for the program has been halted in Canada for nearly a year after Nexus enrolment centres unlocked their doors in the United States, ... Read More »
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