Business
Here’s a list of January inflation rates for selected Canadian cities
By The Canadian Press on February 21st, 2023
OTTAWA – Canada’s annual inflation rate was 5.9 per cent in January , Statistics Canada says. The agency also released rates for major cities, but cautioned that figures may have fluctuated widely because they are based on small statistical samples (previous month in brackets): – St. John’s, N.L.: 5.5 per cent (5.6) – Charlottetown-Summerside: 7.7 ... Read More »
Be the first to comment!Here’s a list of January inflation rates for Canadian provinces
By The Canadian Press on February 21st, 2023
OTTAWA – Canada’s national annual inflation rate was 5.9 per cent in January, Statistics Canada says. Here’s what happened in the provinces (previous month in brackets): – Newfoundland and Labrador: 5.5 per cent (5.7) – Prince Edward Island: 7.0 per cent (7.7) – Nova Scotia: 6.9 per cent (7.6) – New Brunswick: 6.5 per cent ... Read More »
Be the first to comment!Canadian retail sales rose 0.5% to $62.1 billion in December
By The Canadian Press on February 21st, 2023
OTTAWA – Statistics Canada says retail sales rose 0.5 per cent to $62.1 billion in December. The federal agency’s preliminary estimate for January suggests Canadian consumers continued spending in the new year, with early figures indicating sales increased 0.7 per cent last month. Sales grew in seven of 11 subsectors in December, representing 75.1 per ... Read More »
1 responseCanada’s annual inflation rate slowed in January but grocery prices remain high
By The Canadian Press on February 21st, 2023
OTTAWA – Canada’s annual inflation rate slowed to 5.9 per cent in January, despite grocery prices rising at an even faster pace last month. In its consumer price index report released Tuesday, Statistics Canada said the deceleration in headline inflation from 6.3 per cent in December reflects a base-year effect. A base-year effect refers to ... Read More »
1 responseCanada’s annual inflation rate slowed to 5.9% in January
By The Canadian Press on February 21st, 2023
OTTAWA – Canada’s annual inflation rate slowed to 5.9 per cent in January, despite grocery prices rising at an even faster pace last month. Statistics Canada says headline inflation slowed from 6.3 per cent in December, with the deceleration reflecting a smaller month-to-month increase in prices in January 2023 compared with January 2022. Given much ... Read More »
1 responseSuncor announces Rich Kruger as new president and CEO
By The Canadian Press on February 21st, 2023
CALGARY – Suncor Energy Inc. has announced Rich Kruger as the company’s new president and CEO. The Calgary-based oil producer and refiner says Kruger will replace interim CEO Kris Smith starting April 3. Kruger worked for Exxon Mobil Corp. for 39 years, leading Imperial Oil Ltd. from 2013 to 2019 before retiring from the company. ... Read More »
1 responseTeck Resources to split company and spin off steelmaking coal business
By The Canadian Press on February 21st, 2023
VANCOUVER – Teck Resources Ltd. has announced a plan to split the company into Teck Metals Corp. and Elk Valley Resources Ltd., which will hold its steelmaking coal business. Teck shareholders will receive 0.1 of a common share in Elk Valley Resources for each Teck share they hold plus 39 cents in cash per share. ... Read More »
1 responseCanadian Press NewsAlert: Teck Resources to split company and spin off coal business
By The Canadian Press on February 21st, 2023
VANCOUVER – Teck Resources Ltd. has announced a plan to split the company into Teck Metals Corp. and Elk Valley Resources Ltd., which will hold its steelmaking coal business. More coming. Companies in this story: (TSX:TECK.B)... Read More »
Be the first to comment!Russia suspends only remaining major nuclear treaty with US
By Vladimir Isachenkov, The Associated Press on February 21st, 2023
MOSCOW (AP) – Russian President Vladimir Putin declared Tuesday that Moscow was suspending its participation in the New START treaty – the last remaining nuclear arms control pact with the United States – sharply upping the ante amid tensions with Washington over the fighting in Ukraine. Speaking in his state-of-the-nation address, Putin also said that ... Read More »
Be the first to comment!Investors flocking to energy transition, TSX Venture 50 list shows
By Amanda Stephenson, The Canadian Press on February 21st, 2023
CALGARY – The latest edition of the TSX Venture 50 list shows investors are increasingly snapping up stocks with any sort of energy transition theme. Everything from lithium to hydrogen to solar power has a presence on the list of top performers on Canada’s main venture exchange in 2022, which was released by the Toronto ... Read More »
Be the first to comment!Putin suspends Russia’s involvement in key nuclear arms pact
By Vladimir Isachenkov, The Associated Press on February 21st, 2023
MOSCOW (AP) – Russian President Vladimir Putin declared Tuesday that Moscow was suspending its participation in the New START treaty – the last remaining nuclear arms control pact with the United States – sharply upping the ante amid tensions with Washington over the fighting in Ukraine. Speaking in his state-of-the-nation address, Putin also said that ... Read More »
Be the first to comment!
