Business
Tears, defiance and new tanks in Ukraine for war anniversary
By John Leicester And Hanna Arhirova, The Associated Press on February 24th, 2023
KYIV, Ukraine (AP) – Ukraine’s leader pledged to push for victory in 2023 as he and other Ukrainians on Friday 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 ... Read More »
Be the first to comment!CIBC reports first-quarter profit down from year ago
By The Canadian Press on February 24th, 2023
TORONTO – CIBC reported its first-quarter profit fell compared with a year ago as it took a $1.17-billion charge to settle lawsuit filed by Cerberus Capital Management LP. The bank reached a deal last week to settle the lawsuit filed by the private equity firm in 2015. CIBC, the first of Canada’s big banks to ... Read More »
Be the first to comment!‘People’s court’ endorses Putin indictment for aggression
By Mike Corder, The Associated Press on February 24th, 2023
THE HAGUE, Netherlands (AP) – A “people’s court” without legal powers has confirmed an indictment against Russian President Vladimir Putin for the crime of aggression in Ukraine and called for his arrest. The symbolic decision Friday came on the anniversary of Russia’s illegal invasion of its neighbor that triggered Europe’s biggest and deadliest conflict since ... Read More »
Be the first to comment!Bitter legacy hangs over today’s energy discussions between Quebec and N.L. premiers
By The Canadian Press on February 24th, 2023
ST. JOHN’S, N.L. – Quebec Premier François Legault is in St. John’s today for discussions with Newfoundland and Labrador’s premier about what will come after a bitterly divisive hydroelectric energy deal ends in 2041. Legault faces a Newfoundland and Labrador public scarred by the legacy of two hydroelectric projects considered to be failures for the ... Read More »
Be the first to comment!Canada’s inflation rate is expected to fall significantly this year. Here’s why
By Nojoud Al Mallees, The Canadian Press on February 24th, 2023
OTTAWA – After a steep and rapid climb in prices, Canada’s inflation rate is expected to fall significantly this year, giving comfort to economists worried about untamed price growth but little relief to Canadians who have fallen behind. Inflation, which first began creeping higher in 2021, took off dramatically last year and peaked at 8.1 ... Read More »
Be the first to comment!Ukraine leader pledges push for victory on war anniversary
By The Associated Press on February 23rd, 2023
KYIV, Ukraine (AP) – Ukraine’s president pledged to push for victory in 2023 as he and other Ukrainians on Friday marked the somber first anniversary of the Russian invasion that changed their lives. As dawn broke on a day of commemorations and defiance, President Volodymyr Zelenskyy tweeted that Ukrainians had proven themselves to be “invincible” ... Read More »
Be the first to comment!FTX’s Bankman-Fried faces new charges in updated indictment
By Larry Neumeister, The Associated Press on February 23rd, 2023
NEW YORK (AP) – FTX founder Sam Bankman-Fried faced new fraud charges Thursday, as prosecutors accused him of cheating thousands of investors out of billions of dollars while casting himself as a trustworthy “savior of the cryptocurrency industry” – an image boosted by celebrity-studded Super Bowl advertising and big donations to political figures. New charges, ... Read More »
1 responseFederal and three provincial privacy commissioners launch TikTok investigation
By The Canadian Press on February 23rd, 2023
GATINEAU, Que. – Federal and several provincial privacy authorities say they will jointly investigate TikTok. The Privacy Commissioner of Canada says it has teamed up with the offices of the information and privacy commissioners in B.C., Alberta and Quebec to look into the short-form video streaming application. They will examine whether TikTok, which is owned ... Read More »
1 responseS&P/TSX composite stays flat Thursday despite energy gains, U.S. markets rise
By Rosa Saba, The Canadian Press on February 23rd, 2023
TORONTO – Canada’s main stock index ended the day largely unchanged as strength in the energy sector was offset by softness in other sectors, while U.S. markets rose. The S&P/TSX composite index was down 5.14 points at 20,188.19. In New York, the Dow Jones industrial average was up 108.82 points at 33,153.91. The S&P 500 ... Read More »
1 responseStocks climb, breaking a 4-day losing streak for Wall Street
By Stan Choe, The Associated Press on February 23rd, 2023
NEW YORK (AP) – Stocks shook off a midday slump and ended higher on Wall Street, ending a four-day losing streak. The S&P 500 rose 0.5% Thursday. The Nasdaq composite and the Dow Jones Industrial Average also rose. Tech stocks helped lead the way after Nvidia reported better results for the latest quarter than expected. ... Read More »
1 responseCaisse de dépôt et placement du Québec reports loss of 5.6 per cent in 2022
By Stéphane Rolland, The Canadian Press on February 23rd, 2023
MONTREAL – The Caisse de dépôt et placement du Québec reported a loss of 5.6 per cent in 2022, a year marked by a simultaneous decrease in both stock and bond markets. Net assets declined by $18 billion to $402 billion as of Dec. 31, according to the results released Thursday. President and CEOCharles Emond ... Read More »
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