Business
Ontario government to table budget March 23
By The Canadian Press on February 23rd, 2023
TORONTO – Ontario is set to introduce its budget on March 23. Finance Minister Peter Bethlenfalvy announced the date today, saying the budget will outline a “strong future” for Ontario during uncertain economic times. He said last week that the high-spending, large-deficit budgets that Ontario has tabled during the pandemic have served their purpose, but ... Read More »
Be the first to comment!Loblaw faces fresh price hikes, signalling food inflation won’t ease any time soon
By Brett Bundale, The Canadian Press on February 23rd, 2023
Loblaw Companies Ltd. says it’s facing fresh price hikes from suppliers, signalling food inflation won’t be easing any time soon, but Canada’s biggest grocer is still expecting its profits to rise this year. The parent company of grocery chains like No Frills, Real Canadian Superstore and Fortinos said Thursday it expects to grow profits faster ... Read More »
Be the first to comment!Job vacancies little changed, wage growth slowing: Statistics Canada
By The Canadian Press on February 23rd, 2023
OTTAWA – Statistics Canada says job vacancies were little changed at 848,800 in December, compared with 849,200 in November, levelling off after trending downward from a peak of more than one million in May. Meanwhile, the number of payroll employees in December rose 0.5 per cent compared with negligible gains in November. Employment was up ... Read More »
Be the first to comment!Loblaw facing ‘over 1,000 supplier requests’ for fresh price hikes: Galen G. Weston
By Brett Bundale, The Canadian Press on February 23rd, 2023
Canada’s biggest grocer is facing fresh price hikes from suppliers, signalling food inflation will continue its relentless ascent in the coming months. “We still have over 1,000 supplier requests on our desks for significant cost increases,” Galen G. Weston, chairman and president of Loblaw Companies Ltd., said during a call with analysts on Thursday. “We ... Read More »
Be the first to comment!FTX founder faces new charges in rewritten 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. Four new ... Read More »
Be the first to comment!Media advocate calls Google’s move to block news content disrespectful to Canadians
By The Canadian Press on February 23rd, 2023
OTTAWA – Advocates for the print and digital media industry say Google is disrespecting Canadian readers by temporarily blocking news to some of its users. News Media Canada president Paul Deegan says the action is unbecoming of the leading global company. Google confirmed on Wednesday that it’s blocking less than four per cent of Canadian ... Read More »
Be the first to comment!Judge grants motion by state of Michigan to appeal key decision in Line 5 dispute
By The Canadian Press on February 23rd, 2023
WASHINGTON – The U.S. judge presiding over Michigan’s bid to shut down the Line 5 pipeline has agreed to let the state appeal a key ruling even though the case remains unresolved. District Court Judge Janet Neff has granted a motion from Michigan Attorney General Dana Nessel, clearing the way for what’s known as an ... Read More »
Be the first to comment!US nominates Ajay Banga for World Bank president
By Fatima Hussein, The Associated Press on February 23rd, 2023
WASHINGTON (AP) – The United States is nominating former Mastercard CEO Ajay Banga to lead the World Bank, President Joe Biden announced on Thursday, crediting him with critical experience on global challenges including climate change. The news comes days after Trump appointee David Malpass announced plans to step down in June from his role leading ... Read More »
Be the first to comment!From cremation to estate planning, here’s how to keep the cost of death down
By Rosa Saba, The Canadian Press on February 23rd, 2023
If you’ve ever thought about what kind of funeral you’d like to have, you might be interested in planning it yourself – or even paying for it while you’re still alive. In fact, experts say it can be a smart financial decision. That’s what Janet Gray, an advice-only financial planner with Money Coaches Canada, did ... Read More »
Be the first to comment!TransAlta reports $163M Q4 loss, revenue up 40% from year ago
By The Canadian Press on February 23rd, 2023
CALGARY – TransAlta Corp. reported a loss of $163 million in its latest quarter compared with a loss of $78 million in the same quarter a year earlier as its revenue rose 40 per cent. The power utility says its loss amounted to 61 cents per diluted share for the quarter ended Dec. 31 compared ... Read More »
1 responseTech companies lead Wall Street higher in early trading
By Joe Mcdonald And Matt Ott, The Associated Press on February 23rd, 2023
NEW YORK (AP) – Stocks are opening higher on Wall Street following their longest losing streak in two months. The S&P 500 was 0.8% higher in early trading Thursday after falling for four straight days. The Dow Jones Industrial Average and the Nasdaq composite also rose. Tech stocks were helping to lead the way after ... Read More »
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