Business
Héroux-Devtek reports Q3 profit down from year ago, sales higher
By The Canadian Press on February 8th, 2023
MONTREAL – Héroux-Devtek Inc. reported a profit of $1.8 million in its latest quarter, down from $6.5 million a year earlier as its sales climbed higher. Héroux-Devtek CEO Martin Brassard says inflation and challenges in the company’s operating environment have increased the cost of deliveries, resulting in lower profitability. The maker of aircraft landing gear ... Read More »
Be the first to comment!International team suspends investigation into MH17 downing
By Mike Corder, The Associated Press on February 8th, 2023
THE HAGUE, Netherlands (AP) – An international team of investigators has suspended its criminal investigation into the downing of Malaysia Airlines flight MH17 over eastern Ukraine in 2014, saying they have insufficient evidence to launch any new prosecutions. Dutch prosecutor Digna van Boetzelaer said Wednesday that “the investigation has now reached its limit. All leads ... Read More »
Be the first to comment!Zelenskyy visits UK for first time since Russia’s invasion
By Jill Lawless, The Associated Press on February 8th, 2023
LONDON (AP) – Ukrainian President Volodymyr Zelenskyy made a rare trip out of his country Wednesday, daring to visit Britain in a bid for more advanced weapons as Kyiv braces for an expected Russian offensive and hatches its own plans to retake land held by Moscow’s forces. Zelenskyy arrived on a Royal Air Force plane ... Read More »
Be the first to comment!How much Canadians have fallen behind amid high inflation and who’s hurting the most
By Nojoud Al Mallees, The Canadian Press on February 8th, 2023
OTTAWA – Inflation has eroded purchasing power for many Canadians, but the experience with rapidly rising prices has been far from uniform. While the inflation rate shows how quickly prices are rising, other factors like income and consumption patterns can make it harder or easier for people to cope. Here’s a look at how high ... Read More »
Be the first to comment!Bank of Canada to publish summary of interest-rate deliberations for the first time
By The Canadian Press on February 8th, 2023
OTTAWA – The Bank of Canada will release a summary of its deliberations on the latest interest rate hike later today, the first time the central bank is giving Canadians a peek behind the curtain into its decision-making process. The bank last year announced it would start publishing these summaries about two weeks after its ... Read More »
Be the first to comment!Zelenskyy to visit UK for first time since Russia’s invasion
By The Associated Press on February 8th, 2023
LONDON (AP) – Ukrainian President Volodymyr Zelenskyy will visit Britain on Wednesday, his first trip to the U.K. since the war began. The British government says Zelenskyy will meet with Prime Minister Rishi Sunak and address Parliament. The U.K. is one of the biggest military backers of Ukraine and has sent the country more than ... Read More »
Be the first to comment!West Fraser Timber Co. to temporarily curtail operations at Quesnel, B.C., mill
By The Canadian Press on February 7th, 2023
VANCOUVER – West Fraser Timber Co. says it’s curtailing operations at Cariboo Pulp & Paper in Quesnel, B.C., beginning in mid-April for one month and then for another month in the third quarter. The Vancouver-based company says the decision is the result of a decline in availability of sawmill residuals, which it says is due ... Read More »
Be the first to comment!Premium tickets or discounts? Cineplex CEO ‘experiments’ with ticket price
By David Friend, The Canadian Press on February 7th, 2023
TORONTO – While audiences rush back to theatres to catch “Avatar: The Way of Water” on pricey Imax screens, the head of Cineplex Inc. says he’s open to “experiments” with cheaper tickets for some movies if they might lure back people who are staying home. Chief executive Ellis Jacob said Canada’s biggest movie chain is ... Read More »
Be the first to comment!S&P/TSX composite up 100 points, U.S. markets post gains after Federal Reserve speech
By The Canadian Press on February 7th, 2023
TORONTO – Canada’s main stock index gained almost 100 points Tuesday as strong performance in the energy sector was dragged down by losses in telecom and utilities, while U.S. markets also rose. The S&P/TSX composite index was up 96.08 points at 20,725.00. In New York, the Dow Jones industrial average was up 265.67 points at ... Read More »
Be the first to comment!Montreal home sales down 36% from January 2022: Quebec real estate association
By The Canadian Press on February 7th, 2023
MONTREAL – The Quebec Professional Association of Real Estate Brokers says Montreal’s January home sales fell to a level not seen since 2009 as the market slowdown continued. The association says last month’s sales totalled 1,791, down 36 per cent from 2,816 in January 2022. Charles Brant, the association’s market analysis director, says these numbers ... Read More »
Be the first to comment!Stocks end higher after zig-zagging on Fed chair’s comments
By Stan Choe, The Associated Press on February 7th, 2023
NEW YORK (AP) – Stocks closed higher on Wall Street after the head of the Federal Reserve signaled last week’s stunningly strong jobs report isn’t likely to change where interest rates are heading on its own, as some investors had feared. The S&P 500 rose 1.3% Tuesday. The Nasdaq added 1.9% and the Dow rose ... Read More »
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