Business
Google blocking news content for some Canadians in response to government bill
By The Canadian Press on February 22nd, 2023
OTTAWA – A spokesman for Google says the tech company is blocking some Canadian users from viewing news content in response to the Liberal government’s online news bill. The proposed Online News Act, also known as Bill C-18, would require digital giants such as Google and Meta, which owns Facebook, to negotiate deals that would ... Read More »
Be the first to comment!S&P/TSX composite edges lower Wednesday, U.S. stock markets mixed
By The Canadian Press on February 22nd, 2023
TORONTO – Canada’s main stock index edged lower Wednesday following Tuesday’s slide, while U.S. markets were mixed. The S&P/TSX composite index closed down 59.31 points at 20,193.33. In New York, the Dow Jones industrial average was down 84.50 points at 33,045.09.The S&P 500 index was down 6.29 points at 3,991.05,while the Nasdaq composite was up ... Read More »
1 responseTop executives of Tim Hortons parent company offer growth plan, outlook for future
By The Canadian Press on February 22nd, 2023
TORONTO – The new executive chairman of Restaurant Brands International Inc. has laid out a sweeping vision for the fast-food giant’s four chains, with plans to borrow from his winning playbook as CEO of Domino’s Pizza. Patrick Doyle – credited with having the Midas touch after transforming Domino’s lagging sales into meteoric growth – told ... Read More »
1 responseRegulators impose further restrictions on unregistered crypto trading platforms
By The Canadian Press on February 22nd, 2023
TORONTO – The Canadian Securities Administrators (CSA) has set out new rules for unregistered cryptocurrency trading platforms operating in Canada after a wave of bankruptcies in the space including FTX, Voyager Digital and Celsius Network. The group of securities regulators says the additional investor protections include stricter requirements on where investor cash and crypto assets ... Read More »
1 responseStocks end mixed a day after their worst rout in months
By Stan Choe, The Associated Press on February 22nd, 2023
NEW YORK (AP) – Stocks ended mixed a day after falling to their worst loss since December, as Wall Street prepares for interest rates to stay higher for longer. The S&P 500 dipped 0.2% Wednesday after drifting between small gains and losses. The Dow fell and the Nasdaq rose. Treasury yields pulled back a bit ... Read More »
1 responseCRTC to require notification from telecoms within two hours of outage
By Sammy Hudes, The Canadian Press on February 22nd, 2023
OTTAWA – Canada’s national telecommunications regulator is directing all service providers to notify it within two hours when they experience a network outage, something it notes is increasing in frequency. The interim requirement is the first step of a consultation announced Wednesday by the Canadian Radio-television and Telecommunications Commission aimed at “enhancing the resilience and ... Read More »
1 responseNew Netflix password sharing rules prompt consumers to rethink subscriptions: experts
By Tara Deschamps, The Canadian Press on February 22nd, 2023
TORONTO – Netflix’s recent move to clamp down on password sharing could push customers to re-evaluate their subscriptions, say digital media experts. They expect subscribers or people who piggybacked on their loved ones’ accounts to have spent the last month evaluating how much they use the streaming service and whether it’s worth the cost after ... Read More »
Be the first to comment!Teck Resources’ coal spinoff shows power of sustainable finance movement: experts
By The Canadian Press on February 22nd, 2023
CALGARY – Experts say Teck Resources’ plan to separate its coal business from its base metals operations shows the influence of the sustainable finance movement. The Vancouver-based mining company announced Tuesday that it will spin off its steelmaking coal assets to create a separate publicly traded company called Elk Valley Resources Ltd. Teck Resources will ... Read More »
1 responseFed Minutes: Almost all officials backed quarter-point hike
By Christopher Rugaber, The Associated Press on February 22nd, 2023
WASHINGTON (AP) – Nearly all Federal Reserve policymakers agreed earlier this month to slow the pace of their rate increases to a quarter-point, with only “a few” supporting a larger half-point hike. The minutes from the Fed’s Jan. 31-Feb.1 meeting said most of the officials supported the quarter-point hike because a slower pace “would better ... Read More »
1 responseFlights face delays, cancellation as blizzard nears from U.S.
By Christopher Reynolds, The Canadian Press on February 22nd, 2023
MONTREAL – Airlines are warning that travel to and from Central Canada may be affected by a winter storm sweeping in from the west. Air Canada and WestJet say the blizzard conditions may cause delays to flights into and out of airports in Toronto, Ottawa and Montreal on Wednesday and Thursday. FlightAware, a tracking service, ... Read More »
1 responseNew Netflix password sharing rules likely to be repeated by other streamers: expert
By Tara Deschamps, The Canadian Press on February 22nd, 2023
TORONTO – Canadians who spent the month sorting out how to untangle Netflix accounts shared by loved ones after new policies came into effect this week should get used to the debacle. The streaming giant’s rivals are bound to follow Netflix in limiting the unfettered password sharing that has allowed friends, family members and even ... Read More »
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