Business
US adds a robust 311,000 jobs despite Fed’s rate hikes
By Christopher Rugaber, The Associated Press on March 10th, 2023
WASHINGTON (AP) – America’s employers added a substantial 311,000 jobs in February, fewer than January’s huge gain but enough to keep pressure on the Federal Reserve to raise interest rates aggressively to fight inflation. The unemployment rate rose to 3.6% from a 53-year low of 3.4%, as more Americans began searching for work and not ... Read More »
Be the first to comment!Canadian economy added 22,000 jobs last month, unemployment held steady
By The Canadian Press on March 10th, 2023
OTTAWA – Statistics Canada says employment rose slightly in February as the economy added 22,000 jobs. In its labour force survey Friday, the federal agency says the unemployment rate held steady at five per cent last month, hovering near record-lows. The latest jobs numbers come after the economy added 150,000 jobs in January, which had ... Read More »
Be the first to comment!BMO Financial Group signs deal to acquire Air Miles loyalty rewards program
By The Canadian Press on March 10th, 2023
TORONTO – BMO Financial Group has signed a deal to acquire the Air Miles loyalty rewards program from LoyaltyOne Co. Financial terms of the agreement were not immediately available. Air Miles president Shawn Stewart says the deal will have no impact on collectors’ reward miles balances or on their ability to collect and redeem miles. ... Read More »
Be the first to comment!Erdogan sets May 14 election date as he seeks to extend rule
By Suzan Fraser, The Associated Press on March 10th, 2023
ANKARA, Turkey (AP) – Turkish President Recep Tayyip Erdogan, who is seeking to extend his two decades in power, on Friday formally set the country’s parliamentary and presidential elections for May 14 – a month earlier than scheduled despite last month’s devastating earthquake. The elections could be the country’s most significant vote in decades. It ... Read More »
Be the first to comment!Erdogan sets Turkey election date for May 14
By The Associated Press on March 10th, 2023
ANKARA, Turkey (AP) – Turkish President Recep Tayyip Erdogan. who is seeking to extend his two-decades in power, on Friday formally set the country’s parliamentary and presidential elections for May 14 – a month earlier than scheduled despite last month’s devastating earthquake. The elections could be the country’s most significant vote in decades. It will ... Read More »
Be the first to comment!Airports gear up for passenger surge as spring break tests their capacity
By The Canadian Press on March 10th, 2023
Airports and airlines are preparing for a surge in passengers ahead of spring break after the industry has struggled to meet explosions of demand at peak times over the past year. As March break kicks off in Ontario this weekend, travellers hope to avoid a repeat of the snaking lines, lost luggage and hundreds of ... Read More »
Be the first to comment!Royal Canadian Mint still foresees vital role as demand for coins inevitably declines
By Amanda Stephenson, The Canadian Press on March 10th, 2023
CALGARY – Whether they’re rattling around in your car’s cup holder or have vanished permanently into the couch cushions, coins are easy to take for granted. So when the Royal Canadian Mint announced a round of layoffs last month at its Winnipeg facility, it was a reminder that the change jingling in our pockets doesn’t ... Read More »
Be the first to comment!Statistics Canada to release February jobs report today
By The Canadian Press on March 10th, 2023
OTTAWA – Statistics Canada is set to release its February labour force survey this morning. The data will give an update on how the labour market is faring amid high interest rates and a slowing economy. In January, the economy added 150,000 jobs, which was a higher number than expected, while the unemployment rate was ... Read More »
Be the first to comment!Malaysia ex-PM Muhyiddin charged with corruption, laundering
By The Associated Press on March 9th, 2023
KUALA LUMPUR, Malaysia (AP) – Former Prime Minister Muhyiddin Yassin was charged Friday with corruption and money laundering, making him Malaysia’s second ex-leader to be indicted after leaving office. Muhyiddin, 75, pleaded innocent to four charges of abusing his power to obtain 232.5 million ringgit ($51.4 million) bribes for his party and two charges of ... Read More »
Be the first to comment!Malaysia ex-PM Muhyiddin pleads innocent in corruption case
By The Associated Press on March 9th, 2023
KUALA LUMPUR, Malaysia (AP) – Former Prime Minister Muhyiddin Yassin was charged Friday with corruption and money laundering, making him Malaysia’s second ex-leader to be indicted after leaving office. Muhyiddin, 75, pleaded innocent to four charges of abusing his power to obtain bribes for his party and two charges of money laundering. He was arrested ... Read More »
Be the first to comment!S&P/TSX composite falls more than 250 points Thursday, U.S. markets slide
By The Canadian Press on March 9th, 2023
TORONTO – Canada’s main stock index fell more than one per cent Thursday with weakness in financials, industrials and telecom helping bring the market down. The S&P/TSX composite index was down 259.81 points at 20,086.72. In New York, the Dow Jones industrial average was down 543.54 points, or 1.7 per cent, at 32,254.86. The S&P ... Read More »
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