Business
Inquiry issues damning report into Dutch gas drilling
By Mike Corder, The Associated Press on February 24th, 2023
THE HAGUE, Netherlands (AP) – A Dutch parliamentary inquiry released a damning report Friday into the government’s handling of lucrative natural gas extraction that caused a string of earthquakes in the northern province of Groningen, saying that authorities put profits before people. “The interests of the people of Groningen have been structurally ignored in natural ... Read More »
Be the first to comment!Ukraine’s leader defiant on anniversary of Russian invasion
By John Leicester, Hanna Arhirova And Samya Kullab, The Associated Press on February 24th, 2023
KYIV, Ukraine (AP) – Ukraine’s leader is using an ongoing news conference on the anniversary of Russia’s invasion to urge Moscow to change course, saying: “Please respect our right to live on our land. Leave our territory. Stop bombing us.” Breaking with his office’s usual wartime security protocols, Ukrainian President Volodymyr Zelenskyy’s news conference was ... Read More »
Be the first to comment!Ukraine war shook up markets, but much stays the same for Canadian oil and gas
By Amanda Stephenson, The Canadian Press on February 24th, 2023
CALGARY – When Russian tanks and troops rolled into Ukraine one year ago, it was no shock that crude prices spiked above US$100 per barrel for the first time since 2014. With Russia controlling 10 per cent of the world’s crude oil supply, many observers in the early days of the conflict predicted the war ... Read More »
Be the first to comment!S&P/TSX composite down more than 100 points, U.S. stock markets also tumble
By The Canadian Press on February 24th, 2023
TORONTO – Canada’s main stock index was down more than 100 points in late-morning trading, led lower by losses in the base metal, technology and utility sectors, while U.S. stock markets also fell. The S&P/TSX composite index was down 104.43 points at 20,083.76. In New York, the Dow Jones industrial average was down 359.02 points ... Read More »
Be the first to comment!Hootsuite to ditch free plan, begin charging users for social media tool
By The Canadian Press on February 24th, 2023
VANCOUVER – Hootsuite says it will eliminate the free tier of its social media management tool next month. The Vancouver-based technology company says the tool, which allows users to browse, manage and schedule social media posts, will come with a fee beginning March 31. After that date, anyone who used the Hootsuite Free plan will ... Read More »
Be the first to comment!Ottawa posts $5.5-billion deficit for April to December
By The Canadian Press on February 24th, 2023
OTTAWA – The federal government posted a $5.5-billion deficit during the first nine months of its 2022-23 fiscal year. In its monthly fiscal monitor, the Finance Department says the result compared with a deficit of $70.1 billion during the same period a year earlier. Government revenue totalled $310.0 billion for the nine-month period, up from ... Read More »
Be the first to comment!TD Bank receives all required regulatory approvals for Cowen deal
By The Canadian Press on February 24th, 2023
TORONTO – TD Bank Group says it has received all of the regulatory approvals required under its deal to buy U.S. investment bank Cowen Inc. The bank expects to close the acquisition on March 1, subject to other customary closing conditions. TD announced its deal to buy Cowen in a transaction valued at US$1.3 billion ... Read More »
Be the first to comment!US announces sweeping new Russia sanctions 1 year into war
By Fatima Hussein, The Associated Press on February 24th, 2023
WASHINGTON (AP) – The U.S. announced a new round of sanctions on Russian firms, banks, manufacturers and people Friday, aiming them at entities that helped Russia evade sanctions earlier in the year-old war against Ukraine. Russia’s metals and mining sector is among those targeted in one of the U.S. Treasury Department’s “most significant sanctions actions ... Read More »
Be the first to comment!Key US inflation measure surges at fastest rate since June
By Paul Wiseman, The Associated Press on February 24th, 2023
WASHINGTON (AP) – The Federal Reserve’s preferred inflation gauge rose last month at its fastest pace since June, an alarming sign that price pressures remain entrenched in the U.S. economy and could lead the Fed to keep raising interest rates well into this year. Friday’s report from the Commerce Department showed that consumer prices rose ... Read More »
Be the first to comment!US futures slide after report shows inflation ticked higher
By Elaine Kurtenbach And Matt Ott, The Associated Press on February 24th, 2023
BANGKOK – Futures on Wall Street slid further early Friday after the Federal Reserve’s preferred inflation gauge ticked higher in January. It’s a sign that price pressures remain entrenched in the U.S. economy and could move the Fed to keep raising interest rates well into this year. Futures for the Dow slid 1.1% and futures ... Read More »
Be the first to comment!An inflation gauge tracked by Fed accelerated in January
By Paul Wiseman, The Associated Press on February 24th, 2023
WASHINGTON (AP) – The Federal Reserve’s preferred inflation gauge ticked higher in January, a sign that price pressures remain entrenched in the U.S. economy and could lead the Fed to keep raising interest rates well into this year. Friday’s report from the Commerce Department showed that consumer prices rose 0.6% from December to January, up ... Read More »
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