Business
Ukrainian military vows to hold Bakhut as Russians close in
By Mstyslav Chernov, The Associated Press on March 6th, 2023
CHAVIS YAR, Ukraine (AP) – Ukrainian military leaders expressed determination Monday to hold onto Bakhmut as Russian forces encroached on the devastated eastern city they have sought to capture for six months at the cost of thousands of lives. Less than a week ago, an adviser to Ukrainian President Volodymyr Zelenskyy said the defenders might ... Read More »
1 responseT.O. software engineering salaries grew faster than those in many U.S. areas: report
By The Canadian Press on March 6th, 2023
TORONTO – A new report shows software engineering salaries in Toronto grew faster than most U.S. markets last year. The report from job search company Hired says Toronto software engineer salaries averaged $136,000 and those working remotely picked up $140,000. Those figures amount to 10 per cent growth in overall average salaries and five per ... Read More »
1 responseTwo skiers, buried in weekend avalanches in B.C., saved by friends: Avalanche Canada
By The Canadian Press on March 6th, 2023
VANCOUVER – Avalanche Canada confirms two skiers have been caught and injured in separate slides east of Pemberton, B.C. The Avalanche Canada website says both events happened Saturday and each one involved a fully buried skier who was saved because of the quick work of others in their group. Both victims had to be airlifted ... Read More »
Be the first to comment!S&P/TSX composite edges lower as energy and base metals fall, U.S. stocks up
By The Canadian Press on March 6th, 2023
TORONTO – Canada’s main stock index edged lower in late-morning trading, weighed down by losses in the energy and base metal sectors, while U.S. stock markets climbed higher to start the week. The S&P/TSX composite index was down 4.34 points at 20,577.24. In New York, the Dow Jones industrial average was up 123.85 points at ... Read More »
Be the first to comment!EU head says Canada should focus on exporting clean hydrogen ahead of Ontario visit
By The Canadian Press on March 6th, 2023
OTTAWA – The head of the European Union says Canada should focus on exporting clean hydrogen to Europe as the continent shifts its fuel sources away from Russia. In an email interview with The Canadian Press, European Commission President Ursula von der Leyen says Canada could also broaden its exports of liquefied natural gas as ... Read More »
Be the first to comment!Air travellers face higher airport fees following pandemic disruptions
By The Canadian Press on March 6th, 2023
TORONTO – Canadian travellers are facing increased airport fees after the pandemic grounded revenues and led to more debt for airports across the country. DBRS Morningstar says COVID-19 disrupted the airport sector’s “relatively stable” and resilient business model. The credit rating agency’s analysis shows that while airlines received significant financial aid during the height of ... Read More »
Be the first to comment!Cadillac Fairview acquires 95% stake in Lincoln Property’s residential business
By The Canadian Press on March 6th, 2023
TORONTO – Cadillac Fairview says it has acquired Lincoln Property Company’s residential division. The Toronto-based mall operator owned by the Ontario Teachers’ Pension Plan did not say how much it paid for the stake in the Dallas-based real estate investment and development company. However, Cadillac Fairview says the deal is part of a “carefully planned ... Read More »
Be the first to comment!Wall Street holds steady at the open as rate concerns linger
By Elaine Kurtenbach And Matt Ott, The Associated Press on March 6th, 2023
NEW YORK (AP) – Stocks are holding relatively steady Monday as Wall Street’s worries about higher interest rates and the bond market relax a little. The S&P 500 was 0.4% higher early Monday after coming off its first winning week in the last four. The Dow and the Nasdaq also rose. Treasury yields eased lower. ... Read More »
Be the first to comment!First Capital REIT reaches agreement with activist investor group
By The Canadian Press on March 6th, 2023
TORONTO – First Capital Real Estate Investment Trust has reached an agreement with an activist investor group that was seeking to replace four of its trustees. Under the terms of the deal, Sandpiper and Artis Real Estate Investment Trust will withdraw a unitholder meeting requisition, as well as their nominees for election to the First ... Read More »
Be the first to comment!Cargojet reports Q4 profit down from year earlier, revenue up more than 10%
By The Canadian Press on March 6th, 2023
MISSISSAUGA, Ont. – Cargojet Inc. reported its fourth-quarter profit fell compared with a year earlier as its revenue rose by more than 10 per cent. The air cargo company says it earned $2.6 million or 15 cents per diluted share for the quarter ended Dec. 31. The result was down from a profit of $102.0 ... Read More »
Be the first to comment!World stocks gain after Wall Street has best day in 6 weeks
By Elaine Kurtenbach, The Associated Press on March 6th, 2023
BANGKOK (AP) – Shares were mostly higher Monday in Europe and Asia after strong data on the U.S. economy sent Wall Street to its best close in six weeks. Germany’s DAX gained 0.4% to 15,644.08 and the CAC 40 in Paris was up 0.7% at 7,397.31. London’s FTSE 100 edged 0.1% lower to 7,941.38. The ... Read More »
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