Business
Indigo refuses to pay ransom, warns stolen employee data may be posted to dark web
By The Canadian Press on March 2nd, 2023
TORONTO – Indigo Books & Music Inc. is refusing to pay a ransom after current and former employees’ data was hijacked in a cyberattack last month. The bookstore chain is now warning that the stolen information may be posted on the dark web as early as today. The company says it decided not to pay ... Read More »
Be the first to comment!Greater Vancouver home sales up 77% from Jan., down 47% from last year: board
By The Canadian Press on March 2nd, 2023
VANCOUVER – The Real Estate Board of Greater Vancouver says February’s home sales were up 76.9 per cent from January, but down 47.2 per cent from the year before. The board says sales for the month totalled 1,808, roughly 33 per cent below the 10-year February sales average. The board says the numbers reflect a ... Read More »
Be the first to comment!Review your rights before signing paperwork during a layoff: employment lawyers
By Tara Deschamps, The Canadian Press on March 2nd, 2023
TORONTO – You’ve just made it into the office, when your boss brings you into a meeting room, where you find someone from human resources about to deliver you bad news: your company is carrying out layoffs and you’re on the list. Your mind is swarming with thoughts – How will you pay the bills? ... Read More »
Be the first to comment!Wall Street opens lower as interest rate worries worsen
By Joe Mcdonald And Matt Ott, The Associated Press on March 2nd, 2023
NEW YORK (AP) – Most stocks are falling in early trading as more signs of a strong job market mean worries about interest rates are weighing even heavier on Wall Street. The S&P 500 was down 0.5% early Thursday and is on track for its third straight drop. The Nasdaq composite was also down as ... Read More »
Be the first to comment!Crescent Point announces special dividend, reports Q4 loss
By The Canadian Press on March 2nd, 2023
CALGARY – Crescent Point Energy Corp. announced a special dividend as it reported a loss in its latest quarter, weighed down by a one-time impairment charge. The company says it will pay a special cash dividend, based on its fourth-quarter results, of 3.2 cents per share on March 17, to shareholders of record as of ... Read More »
Be the first to comment!Applications for jobless claims fall for 3rd straight week
By Matt Ott, The Associated Press on March 2nd, 2023
The number of people applying for unemployment benefits in the U.S. fell for third straight week. That’s good news for American workers, but potentially bad news in the fight against inflation by the Federal Reserve, which has been ratcheting up its benchmark interest rate for a year in an effort to cool the economy, loosen ... Read More »
Be the first to comment!TD Bank Group reports $1.58B first-quarter profit, down from year ago
By The Canadian Press on March 2nd, 2023
TORONTO – TD Bank Group reported a first-quarter profit of $1.58 billion, down from $3.73 billion a year earlier, as it took a number of one-time charges including the cost to settle a lawsuit related to the Stanford Financial Group Ponzi scheme. The bank says the profit amounted to 82 cents per diluted share for ... Read More »
Be the first to comment!Canadian Natural Resources reports Q4 profit down from year ago, raises dividend
By The Canadian Press on March 2nd, 2023
CALGARY – Canadian Natural Resources Ltd. raised its quarterly dividend as it reported its fourth-quarter profit fell compared with a year earlier. The company says it will pay a quarterly dividend of 90 cents per share, up from 85 cents per share. The increased payment came as Canadian Natural says it earned $1.52 billion or ... Read More »
Be the first to comment!Europe inflation eases slightly but consumer pain persists
By David Mchugh, The Associated Press on March 2nd, 2023
FRANKFURT, Germany (AP) – Inflation eased only slightly in the 20 countries that use the euro currency as the pain from higher costs for food and fuel persists and gives the European Central Bank no reason to slow interest rate increases aimed at getting prices back under control. The consumer price index reached 8.5% in ... Read More »
Be the first to comment!Europe inflation eases slightly as consumer pain persists
By David Mchugh, The Associated Press on March 2nd, 2023
FRANKFURT, Germany (AP) – Inflation eased only slightly in the 20 countries that use the euro currency as the pain from higher costs for food and fuel persists and gives the European Central Bank no reason to slow interest rate increases aimed at getting prices back under control. The consumer price index reached 8.5% in ... Read More »
Be the first to comment!Enbridge CEO hopes for more carbon capture support in upcoming federal budget
By The Canadian Press on March 1st, 2023
CALGARY – The CEO of energy infrastructure giant Enbridge Inc. says he hopes the federal government will unveil more incentives for carbon capture and storage in the upcoming federal budget. Greg Ebel says the U.S. is currently a more attractive place for companies seeking to invest in carbon capture technology. He says the Inflation Reduction ... Read More »
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