Business
Airlines vital to life in the North facing headwinds from worker shortages
By Emily Blake, The Canadian Press on March 6th, 2023
YELLOWKNIFE – Airlines that operate in the North – where many residents rely on flights for transportation and goods – say disruptions from the COVID-19 pandemic, a Canada-wide pilot shortage and new fatigue regulations are creating headwinds. “With the COVID effect, that took a lot of people out of the marketplace,” said Michael Rodyniuk, president ... Read More »
Be the first to comment!Asian stocks gain after Wall Street has best day in 6 weeks
By Elaine Kurtenbach, The Associated Press on March 5th, 2023
BANGKOK (AP) – Shares were mostly higher Monday in Asia after strong data on the U.S. economy sent Wall Street to its best close in six weeks. Hong Kong’s Hang Seng index edged less than 0.1% higher to 20,576.11 and the Shanghai Composite index lost 0.2% to 3,320.42. At the annual session of China’s rubberstamp ... Read More »
Be the first to comment!New plan pushes end to S. Korea-Japan forced labor disputes
By Kim Tong-hyung And Hyung-jin Kim, The Associated Press on March 5th, 2023
SEOUL, South Korea (AP) – South Korea took a step toward improving ties with historical rival Japan by announcing a plan Monday to raise local civilian funds to compensate Koreans who won damages in lawsuits against Japanese companies that enslaved them during Tokyo’s 35-year colonial rule of the Korean Peninsula. The plan reflects conservative President ... Read More »
Be the first to comment!S Korea pushes to end Japan disputes over forced laborers
By The Associated Press on March 5th, 2023
SEOUL, South Korea (AP) – South Korea says it’ll raise local civilian funds to compensate Koreans who won damages in lawsuits against Japanese companies that enslaved them during World War II. Seoul’s announcement reflects conservative President Yoon Suk Yeol’s determination to mend frayed ties with Japan and solidify a trilateral Seoul-Tokyo-Washington security cooperation to better ... Read More »
Be the first to comment!China sets this year’s economic growth target at ‘around 5%’
By The Associated Press on March 4th, 2023
BEIJING (AP) – China’s government on Sunday set this year’s economic growth target at “around 5%” as it tries to rebuild business activity following the end of anti-virus controls that kept millions of people at home. Premier Li Keqiang, the top economic official, announced the target in a report on government work to the ceremonial ... Read More »
Be the first to comment!Climate taxonomy proposal asks feds to include oilsands-related spending
By Ian Bickis, The Canadian Press on March 3rd, 2023
TORONTO – The federal government has released proposed guidelines, submitted to it by an independent group of finance experts, on what investments should be considered worthy in the fight against climate change. Clarity around what’s considered eligible is meant to increase investment in these areas. Experts estimate upwards of an additional $115 billion per year ... Read More »
1 responseFeds release climate taxonomy proposal that includes oilsands-related spending
By The Canadian Press on March 3rd, 2023
The federal government has released proposed guidelines on what investments should be considered worthy in the fight against climate change. Clarity around what’s considered eligible is meant to increase investment in these areas to help close a climate spending gap that in Canada alone is estimated to be upwards of $115 billion a year. The ... Read More »
1 responseNorthStar Gaming to list shares on TSXV next week, completes Baden Resources takeover
By The Canadian Press on March 3rd, 2023
TORONTO – NorthStar Gaming Holdings Inc. says it will list its common shares on the TSX Venture Exchange next week. The Toronto-based sports betting company says shares will trade under the BET symbol. The listing comes as NorthStar completes a reverse takeover of Baden Resources Inc., a Vancouver-based mineral exploration company. NorthStar says it has ... Read More »
1 responseS&P/TSX composite gains nearly 250 points to end week on upswing
By The Canadian Press on March 3rd, 2023
TORONTO – Canada’s main stock index rose almost 250 points in a broad-based rally Friday, ending the week on an upswing as Wall Street stocks also posted strong gains. The S&P/TSX composite index was up 244.37 points at 20,581.58. In New York, the Dow Jones industrial average was up 387.40 points at 33,390.97. The S&P ... Read More »
1 responseStocks jump as Wall Street cruises to best day since January
By Stan Choe, The Associated Press on March 3rd, 2023
NEW YORK (AP) – Stocks rallied Friday to send Wall Street to its best day in six weeks. The S&P 500 rose 1.6% to cap its first winning week in the last four as relaxing yields in the bond market took some pressure off Wall Street. It’s found some stability following a swift rise and ... Read More »
1 responseStocks rally, close out their first winning week in last 4
By Stan Choe, The Associated Press on March 3rd, 2023
NEW YORK (AP) – Stocks rallied on Wall Street, climbing to their biggest gain in six weeks. The S&P 500 jumped 1.6% and marked its first winning week in the last four. Big gains for tech giants like Apple helped propel the Nasdaq composite to an even bigger gain of 2%. The Dow Jones Industrial ... Read More »
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