Business
Brookfield Asset Management fourth-quarter profit down from year ago
By The Canadian Press on February 8th, 2023
TORONTO – Brookfield Asset Management Ltd. says its share of the latest quarterly profit of the asset management business it owns with Brookfield Corp. amounted to US$19 million. It was the first quarterly report for the company that was spun off from Brookfield Corp. on Dec. 9, 2022. Brookfield Asset Management Ltd. owns 25 per ... Read More »
1 responseDefence, innovation ministers team up to sell D.C. on merits of working with Canada
By The Canadian Press on February 8th, 2023
WASHINGTON – Canada’s defence and economic development ministers are in the U.S. capital this week to remind lawmakers and military contractors about the economic virtues of cross-border collaboration. Anita Anand and François-Philippe Champagne say now more than ever, the world needs a tag-team, U.S.-Canada approach to fortifying North America’s defence industrial base. Anand says last ... Read More »
1 responseAuto prices to ease but affordability still a challenge with no quick fix: experts
By Ian Bickis, The Canadian Press on February 8th, 2023
TORONTO – Automakers have made high-profile price cuts for some of the most well-known electric cars this year, but experts say the overall sticker shock of buying vehicles will prove harder to remove. As anyone who’s shopped for a vehicle as of late likely knows, prices ran up considerably throughout the COVID-19 pandemic from the ... Read More »
1 responseWall Street opens lower as more earnings reports roll in
By Elaine Kurtenbach, The Associated Press on February 8th, 2023
NEW YORK (AP) – Stocks are opening modestly picky on Wall Street as traders absorb more earnings reports from big U.S. companies. Chipotle Mexican Grill sank after delivering a weak report card, while Uber rose after its results came in ahead of what analysts were expecting. The S&P 500 fell 0.3% in the early going ... Read More »
1 responseBrookfield Reinsurance to buy Argo for US$1.1 billion in cash
By The Canadian Press on February 8th, 2023
TORONTO – Brookfield Reinsurance has signed a deal to buy Argo Group International Holdings for US$1.1 billion in cash. Argo is a U.S. focused underwriter of specialty insurance products. Brookfield Reinsurance CEO Sachin Shah says Argo adds a key piece to the company’s expanding U.S. operations. Under the deal, each Argo common share will be ... Read More »
Be the first to comment!MH17 inquiry: ‘Strong indications’ Putin OK’d missile supply
By Mike Corder, The Associated Press on February 8th, 2023
THE HAGUE, Netherlands (AP) – An international team of investigators said Wednesday it found “strong indications” that Russian President Vladimir Putin approved the supply of heavy anti-aircraft weapons to Ukrainian separatists who shot down Malaysia Airlines flight MH17 in 2014 with a Russian missile. However, members of the Joint Investigation Team said they had insufficient ... Read More »
Be the first to comment!Zelenskyy tells UK ‘freedom will win,’ pushes for warplanes
By Jill Lawless, The Associated Press on February 8th, 2023
LONDON (AP) – Ukrainian President Volodymyr Zelenskyy pushed for fighter jets to ensure his country’s victory over Russia in a dramatic speech before the U.K. Parliament, where he also thanked the British people for their support since “Day One” of Moscow’s invasion. The embattled leader’s daring to visit Britain in a bid for more advanced ... Read More »
Be the first to comment!MH17 probe: ‘Strong indications’ Putin OK’d missile supply
By Mike Corder, The Associated Press on February 8th, 2023
THE HAGUE, Netherlands (AP) – An international team of investigators said Wednesday it found “strong indications” that Russian President Vladimir Putin approved the supply of heavy anti-aircraft weapons to Ukrainian separatists who shot down Malaysia Airlines flight MH17 in 2014 with a Russian missile. However, the Joint Investigation Team said they had insufficient evidence to ... Read More »
Be the first to comment!Zelenskyy addresses UK lawmakers, rare trip outside Ukraine
By Jill Lawless, The Associated Press on February 8th, 2023
LONDON (AP) – Ukrainian President Volodymyr Zelenskyy has begun his historic address to the U.K. Parliament during a rare trip outside his country to seek more support. “I have come here and stand before you on behalf of the brave,” the president said, paying tribute to Ukraine’s military. House of Commons Speaker Lindsay Hoyle said ... Read More »
Be the first to comment!TMX Group proposes to split shares on a five-for-one basis
By The Canadian Press on February 8th, 2023
TORONTO – TMX Group Ltd. is proposing to split its shares on a five-for-one basis. The operator of the Toronto Stock Exchange says it believes the split may encourage greater liquidity for its shares. Shares in the company closed at $133.46 on Tuesday. The company says its board of directors will recommend shareholders approve the ... Read More »
Be the first to comment!UK watchdog says Microsoft’s Activision deal hurts gamers
By The Associated Press on February 8th, 2023
LONDON (AP) – Microsoft’s stalled $68.7 billion deal to buy video game company Activision Blizzard has hit a fresh hurdle in the United Kingdom, where the antitrust watchdog said Wednesday that it will stifle competition and hurt gamers. Britain’s Competition and Markets Authority said its in-depth investigation found that the deal could strengthen Microsoft’s position ... Read More »
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