Business
Parents of adults with severe autism say they’re ‘terrified’ for their kids’ futures
By The Canadian Press on March 14th, 2023
Andrew Kavchak says he’s been waiting for four years to find a group home placement for his 22-year-old son, Steven, who has severe autism. He’s been told the wait could be as long as a decade. Kavchak is one of many advocates who say the province lacks the proper support for adults with severe disabilities, ... Read More »
Be the first to comment!Stocks leap higher on Wall Street, led by beaten down banks
By Stan Choe And Alex Veiga, The Associated Press on March 14th, 2023
NEW YORK – Stocks are leaping on Wall Street Tuesday, as some of the most breathtaking moves from a manic Monday reverse course. The S&P 500 was 1.8% higher in midday trading after a report showed inflation is still high but heading lower. Stocks of smaller and mid-sized banks recovered some of their prior plunges ... Read More »
Be the first to comment!Ritchie Bros. shareholders approve acquisition of IAA Inc. at special meeting
By The Canadian Press on March 14th, 2023
VANCOUVER – Ritchie Bros. Auctioneers Inc. says its shareholders approved the company’s deal to buy U.S. automotive salvage company IAA Inc. at a meeting Tuesday that caps months of criticism since the acquisition was announced in November. Several Ritchie Bros. shareholders had expressed concerns about the deal and had made it clear they planned to ... Read More »
Be the first to comment!These companies have laid off Canadian workers in 2023
By Tara Deschamps, The Canadian Press on March 14th, 2023
A wave of layoffs in 2022, which left thousands of Canadian workers jobless, is continuing this year as recession predictions loom and the tech sector downturn deepens. These are the companies which have said goodbye to Canadian workers so far this year. Benevity:The Calgary-based company which creates charity-centric software revealed plans to slash its team ... Read More »
Be the first to comment!S&P/TSX composite up more than 200 points, U.S. stock markets also higher
By The Canadian Press on March 14th, 2023
TORONTO – Canada’s main stock index was up in late-morning trading, led higher by broad gains across all sectors, while U.S. stock markets were also up. The S&P/TSX composite index was up 241.07 points at 19,829.97. In New York, the Dow Jones industrial average was up 471.70 points at 32,290.84. The S&P 500 index was ... Read More »
Be the first to comment!Transport minister pledges to close passenger compensation loophole used by airlines
By The Canadian Press on March 14th, 2023
TORONTO – Transport Minister Omar Alghabra says the federal government will close a loophole that allows airlines to deny customers compensation for cancelled flights. He says the reform will come as part of an overhaul of passenger rights to be tabled in Parliament this spring. Airlines frequently cite safety-related issues to explain cancelled flights, which ... Read More »
Be the first to comment!Freeland meets with bank regulator head, BoC following U.S. bank collapse
By The Canadian Press on March 14th, 2023
OTTAWA – Finance Minister Chrystia Freeland is assuring that Canada’s financial institutions are secure after meeting with the head of Canada’s bank regulator and the Bank of Canada. The meeting follows the closure of California-based Silicon Valley Bank by U.S. regulator on Friday, which also prompted Canada’s Office of the Superintendent of Financial Institutions (OSFI) ... Read More »
Be the first to comment!What’s next? Experts say it’s best to have a plan before you quit your job
By Noushin Ziafati, The Canadian Press on March 14th, 2023
Thinking about quitting your job? You’re not alone. Half of Canadian workers plan to look for a new job within the first six months of 2023, according to a poll by business consulting firm Robert Half. Those most likely to make a career move include generation Z and millennial Canadians, tech workers, employees who have ... Read More »
Be the first to comment!EPA to limit toxic ‘forever chemicals’ in drinking water
By Michael Phillis And Matthew Daly, The Associated Press on March 14th, 2023
WASHINGTON (AP) – The Environmental Protection Agency on Tuesday proposed limiting the amount of harmful “forever chemicals” in drinking water to the lowest level that tests can detect, a long-awaited protection the agency said will save thousands of lives and prevent serious illnesses, including cancer. The plan marks the first time the EPA has proposed ... Read More »
Be the first to comment!Stocks rally on Wall Street, led by beaten down banks
By Stan Choe, The Associated Press on March 14th, 2023
NEW YORK (AP) – Stocks are rallying on Wall Street Tuesday, as some of the most breathtaking moves from a manic Monday reverse course. The S&P 500 was 1.5% higher in early trading after a report showed inflation is still high but heading lower. Stocks of smaller and mid-sized banks recovered some of their prior ... Read More »
Be the first to comment!Bank stocks bounce back day after wipeout on contagion fears
By Yuri Kageyama And David Mchugh, The Associated Press on March 14th, 2023
NEW YORK (AP) – Stocks are opening higher on Wall Street Tuesday as some of the most breathtaking moves from a manic Monday reverse course. The S&P 500 was 1.5% higher after a report showed inflation is still high, though no more than expected. Regional bank stocks bounced back sharply, recovering some of their plunges ... Read More »
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