Business
S&P/TSX holds steady Friday on gains in energy and financials, U.S. markets fall
By The Canadian Press on February 24th, 2023
TORONTO – Canada’s main stock index held firm Friday, buoyed by sturdy energy and financial sectors but offset by dips in other areas, while U.S. markets fell. The S&P/TSX composite index nudged up 31 points to 20,219.19. In New York, the Dow Jones industrial average was down 336.99 points at 32,816.92. The S&P 500 index ... Read More »
Be the first to comment!Stocks sink on inflation data, close out worst week of year
By Stan Choe, The Associated Press on February 24th, 2023
NEW YORK (AP) – Stocks sank on Wall Street and closed out their worst week since early December. The S&P 500 fell 1.1% Friday to cap its third straight loss. Treasury yields rose sharply. Stocks have dropped through February as reports on inflation, the job market and spending by shoppers have come in hotter than ... Read More »
Be the first to comment!TikTok investigation sign of data privacy, geopolitical climate: academics
By Tara Deschamps, The Canadian Press on February 24th, 2023
TORONTO – An investigation into TikTok launched by Canada’s Privacy Commissioner this week is a symptom of growing unrest around data privacy, but also a sign of the extent of geopolitical tensions, academics say. The investigation revealed Thursday by the federal privacy watchdog and its counterparts in B.C., Alberta and Quebec is meant to delve ... Read More »
Be the first to comment!As Ukraine marks year of war, leader vows to secure victory
By John Leicester, Hanna Arhirova And Samya Kullab, The Associated Press on February 24th, 2023
KYIV, Ukraine (AP) – Ukraine’s leader pledged Friday to push for victory in 2023 as he and other Ukrainians marked the somber anniversary of the Russian invasion that upended their lives and Europe’s security. It was Ukraine’s “longest day,” President Volodymyr Zelenskyy said, but the country’s dogged resistance a year on has proven that “every ... Read More »
Be the first to comment!Industry minister announces $250 million to train workers for emerging sectors
By The Canadian Press on February 24th, 2023
TORONTO – Ottawa is launching a $250 million training program targeting skills needed for high-growth sectors, federal Industry Minister François-Philippe Champagne said Friday. The program, funding for which was announced in the 2021 budget, will help 15,000 mid-career workers to transition into new positions in sectors including clean tech, cybersecurity and bio manufacturing, he said. ... Read More »
Be the first to comment!Convicted Nova Scotia murderer’s stash of bitcoin at centre of wrongful death lawsuit
By The Canadian Press on February 24th, 2023
HALIFAX – A legal battle is brewing in Nova Scotia over access to bitcoin owned by an ex-medical student recently convicted of fatally shooting a fellow student during a drug deal. The lawyer who represents the victim’s family says the cryptocurrency could be worth more than $200,000. Last Saturday, a jury declared William Sandeson guilty ... Read More »
Be the first to comment!Industry minister announces $250 million to upskill workers
By The Canadian Press on February 24th, 2023
TORONTO – Federal Industry Minister François-Philippe Champagne says the government is launching a $250 million upskilling program targeting high-growth sectors. He says the program will help 15,000 mid-career workers to transition into new positions in sectors including clean tech, cybersecurity and bio manufacturing. The minister spoke at a Canadian Club event on Friday afternoon in ... Read More »
Be the first to comment!Quebec and N.L. premiers hold energy talks, plan to review Churchill Falls ‘bad deal’
By Sarah Smellie, The Canadian Press on February 24th, 2023
ST. JOHN’S, N.L. – Quebec Premier François Legault admitted Friday that a decades-old hydroelectricity deal that has made his province billions of dollars has become “a bad deal” for Newfoundland and Labrador – but he stopped short of calling it an injustice. The premier was in St. John’s to discuss what comes after the notorious ... Read More »
Be the first to comment!Privacy commissioners looking into TikTok should investigate other apps: expert
By The Canadian Press on February 24th, 2023
TORONTO – At least one public policy expert says an investigation into TikTok launched by Canada’s Privacy Commissioner should prompt a similar look into other apps. Vass Bednar, the executive director of the Master of Public Policy in Digital Society at McMaster University, says issues around consent and data collection surround several TikTok rivals. While ... Read More »
Be the first to comment!Indigo employees’ data breached in ransomware attack
By The Canadian Press on February 24th, 2023
Canada’s biggest bookstore chain says the data of current and former employees was stolen in a ransomware attack. In a statement on its website, Indigo Books & Music Inc. says the breach on Feb. 8 left no indication that customers’ personal information, such as credit card numbers, had been compromised, but that “some employee data ... Read More »
Be the first to comment!CIBC sees Q1 trading revenue jump while earnings hit by lawsuit settlement
By Ian Bickis, The Canadian Press on February 24th, 2023
TORONTO – Market volatility helped lead to a surge in trading activity for CIBC that boosted first quarter revenue, while a lawsuit settlement pushed earnings down. The bank, the first among the Big Six to report first-quarter results this year, said Friday that its non-trading margins on earnings income also rose in the quarter thanks ... Read More »
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