Business
Bank of Canada to announce interest rate decision today, expected to hold key rate
By The Canadian Press on March 8th, 2023
OTTAWA – The Bank of Canada is set to announce its interest rate decision this morning, with economists widely expecting the central bank to hold its key rate. At its last announcement on Jan. 25, the Bank of Canada announced a quarter percentage point rate hike, bringing its key rate to 4.5 per cent. At ... Read More »
Be the first to comment!Asian stocks tumble amid fears about faster rate hikes
By Yuri Kageyama, The Associated Press on March 7th, 2023
TOKYO (AP) – Asian shares were mostly lower Wednesday as investors fretted that the Federal Reserve might raise interest rates faster if pressure stays high on inflation. Japan’s benchmark Nikkei 225 edged up 0.2% in morning trading to 28,370.92. Australia’s S&P/ASX 200 slipped nearly 1.0% to 7,291.90. South Korea’s Kospi dropped 1.4% to 2,429.83. Chinese ... Read More »
Be the first to comment!Oklahoma voters reject legalizing recreational marijuana
By Sean Murphy, The Associated Press on March 7th, 2023
OKLAHOMA CITY (AP) – Oklahoma voters on Tuesday rejected the legalization of recreational marijuana, following a late blitz of opposition from faith leaders, law enforcement and prosecutors. Oklahoma would have become the 22nd state to legalize adult use of cannabis and join conservative states like Montana and Missouri that have approved similar proposals in recent ... Read More »
Be the first to comment!Oklahoma voters say ‘no’ to recreational marijuana question
By Sean Murphy, The Associated Press on March 7th, 2023
OKLAHOMA CITY (AP) – Oklahoma voters rejected a state question Tuesday to allow for the recreational use of marijuana, following a late blitz of opposition from faith leaders, law enforcement and prosecutors. Oklahoma would have become the 22nd state to legalize adult use of cannabis and join conservative states like Montana and Missouri that have ... Read More »
Be the first to comment!Fox chair Murdoch in filings says 2020 election ‘not stolen’
By David Bauder And Jennifer Peltz, The Associated Press on March 7th, 2023
NEW YORK (AP) – Fox Corp. Chairman Rupert Murdoch said under oath that he believes the 2020 presidential election was free, fair and not stolen, according to court filings released Tuesday in a voting machine company’s defamation lawsuit over Fox News’ coverage of former President Donald Trump’s false election fraud claims. In sworn questioning in ... Read More »
Be the first to comment!B.C. auditor general renews calls for better fraud risk management in public bodies
By The Canadian Press on March 7th, 2023
VICTORIA – British Columbia auditor general Michael Pickup says the province’s public institutions are susceptible to fraud, but he can’t release specifics about the theft and corruption reported to his office in a survey conducted this year. Pickup says the survey of 23 public bodies that manage more than 85 per cent of provincial assets ... Read More »
Be the first to comment!Echelon Wealth Partners Inc. and PI Financial Corp. announce merger
By The Canadian Press on March 7th, 2023
TORONTO – Echelon Wealth Partners Inc. and PI Financial Corp. say they are merging to create an investment advisory, wealth management and capital markets firm with more than $12 billion in client assets. In a press release Tuesday, the companies say the combined firm will be the second-largest such franchise among non-bank capital markets firms ... Read More »
Be the first to comment!S&P/TSX composite down Tuesday on energy, metals and financials; U.S. markets slide
By Rosa Saba, The Canadian Press on March 7th, 2023
TORONTO – Canada’s main stock index fell more than one per cent Tuesday with losses in energy, metals and financials leading the way down, while U.S. markets fell further. The S&P/TSX composite index was down 239.26 points at 20,275.54. In New York, the Dow Jones industrial average was down 574.98 points, or 1.72 per cent, ... Read More »
Be the first to comment!Stocks tumble on fears about faster rate hikes, Dow down 570
By Stan Choe, The Associated Press on March 7th, 2023
NEW YORK (AP) – Stocks sank Tuesday after the head of the Federal Reserve warned it could turn the dial back up on its hikes to interest rates if pressure stays high on inflation. The warning shook markets and raised worries about a possible recession down the line. The S&P 500 dropped 1.5% for one ... Read More »
Be the first to comment!B.C. invests $200 million toward boosting food banks, producers and supply chain
By The Canadian Press on March 7th, 2023
VANCOUVER – British Columbia is dedicating $200 million toward boosting both the province’s food bank system and overall agricultural production and resiliency. Premier David Eby says the funding will go toward two branches of spending: adding infrastructure to food banks, such as commercial coolers, and to improve overall food production and access throughout B.C. Part ... Read More »
Be the first to comment!Pet Valu offers rosy outlook as it grows market share in lucrative pet industry
By The Canadian Press on March 7th, 2023
MARKHAM, Ont. – Canadian pet food and supplies retailer Pet Valu Holdings Ltd. offered an ambitious outlook for 2023 on Tuesday, saying it expects to grow revenue, increase sales and expand its share of the lucrative pet industry market this year. The forecast, part of its latest earnings release, includes projected revenue of more than ... Read More »
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