Business
Airbus creating 500 new jobs in Canada this year as it ramps up A220 production
By The Canadian Press on February 22nd, 2023
MONTREAL – Airbus says it is creating 500 new jobs in Canada this year as it looks to increase A220 aircraft production. The European-based aircraft maker says it’s looking to hire a total of more than 800 new employees in Canada this year including about 500 for new positions. About 700 of the new hires ... Read More »
Be the first to comment!Gildan Activewear reports Q4 profit and sales down, raises quarterly dividend
By The Canadian Press on February 22nd, 2023
MONTREAL – Gildan Activewear Inc. raised its dividend as it reported its fourth-quarter profit and sales fell compared with a year earlier in what it called a challenging environment. The clothing maker says it will now pay a quarterly dividend of 18.6 cents US per share, up from 16.9 cents US. The increased payout to ... Read More »
Be the first to comment!Global shares follow Wall Street lower in rate hike fears
By Yuri Kageyama, The Associated Press on February 22nd, 2023
TOKYO (AP) – Global shares declined Wednesday after stocks tumbled on Wall Street as worries persist about higher interest rates and their tightening squeeze on the global economy. France’s CAC 40 slipped nearly 0.8% in early trading to 7,252.50. Germany’s DAX fell 0.7% to 15,290.37. Britain’s FTSE 100 dropped 0.9% to 7,902.44. The futures for ... Read More »
Be the first to comment!Banks set to report as investors focus on interest rates, capital requirements
By Ian Bickis, The Canadian Press on February 22nd, 2023
TORONTO – Canadian bank stocks have been riding a wave of investor optimism so far this year, but analysts say the first-quarter results that start arriving later this week will be a reminder of the mixed economic picture ahead. On the positive side are the signs of easing inflation and job reports that keep surprising ... Read More »
Be the first to comment!Asian shares decline following Wall Street tumble
By Yuri Kageyama, The Associated Press on February 21st, 2023
TOKYO (AP) – Asian shares declined Wednesday after stocks tumbled on Wall Street as worries persist about higher interest rates and their tightening squeeze on the global economy. Tokyo’s benchmark Nikkei 225 dipped 1.4% in morning trading to 27,100.51. Australia’s S&P/ASX 200 slipped 0.3% to 7,312.50. South Korea’s Kospi dropped 1.6% to 2,420.93. Hong Kong’s ... Read More »
1 responseS&P/TSX composite slips Tuesday on broad-based decline, U.S. markets fall further
By The Canadian Press on February 21st, 2023
TORONTO – Canada’s main stock index was down almost 1.3 per cent Tuesday with broad-based losses led by technology, healthcare and financials, while U.S. stock markets slid more than two per cent. The S&P/TSX composite index was down 262.60 points at 20,252.64. In New York, the Dow Jones industrial average was down 697.10 points, or ... Read More »
1 responseWall Street tumbles, Dow loses 697 on fears about high rates
By Stan Choe, The Associated Press on February 21st, 2023
NEW YORK (AP) – Stocks tumbled to their worst day in two months Tuesday, buckling under worries about higher interest rates and their tightening squeeze on Wall Street and the economy. The S&P 500 fell 2% for its sharpest drop since the market was selling off in December. The Dow Jones Industrial Average lost 697 ... Read More »
1 responseFood prices continue to climb even as inflation eases
By Sammy Hudes, The Canadian Press on February 21st, 2023
TORONTO – As overall inflation slows, the cost of food continues to climb for Canadians – but experts say there should be some relief by the end of the year. Food prices grew by 10.4 per cent year-over-year in January, according to data released Tuesday by Statistics Canada. That compares with an overall annual inflation ... Read More »
1 responseSuncor gives all-clear after incident at its Commerce City refinery in Colorado
By The Canadian Press on February 21st, 2023
CALGARY – Suncor Energy Inc. has given the all-clear after responding to a vapor leak at its Commerce City refinery in Colorado. The Calgary-based energy company issued an alert for local residents Tuesday morning, in which it said those nearby may have heard an alarm or seen smoke coming from the refinery. Later that morning, ... Read More »
1 responseBMO Financial Group and BNP Paribas sign commercial banking deal
By The Canadian Press on February 21st, 2023
TORONTO – BMO Financial Group has signed a deal with BNP Paribas for a long-term agreement to help support its commercial banking clients. BMO completed its acquisition of California-based Bank of the West from BNP Paribas on Feb. 1. The banks say the agreement will ensure continuity of services for their international commercial clients. The ... Read More »
1 responseSuncor reports incident at Commerce City refinery in Colorado
By The Canadian Press on February 21st, 2023
CALGARY – Suncor Energy Inc. says it is responding to an incident at its Commerce City refinery in Colorado. The Calgary-based energy company issued an alert for local residents Tuesday morning. It said residents may have heard an alarm or seen smoke coming from the refinery. Suncor provided no other details but said no immediate ... Read More »
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