Business
S&P/TSX composite edges upward despite energy losses, U.S. markets also up
By The Canadian Press on February 15th, 2023
TORONTO – Losses in energy on Canada’s main stock index were offset by gains in other sectors, with the index posting a minor gain Wednesday, while U.S. markets were also up. The S&P/TSX composite index was up 15.60 points at 20,720.39. In New York, the Dow Jones industrial average was up 38.78 points at 34,128.05. ... Read More »
Be the first to comment!Average rent in Canada up 10.7% since last year: report
By The Canadian Press on February 15th, 2023
TORONTO – A new report says the average listed rent for all property types in Canada jumped by 10.7 per cent year-over-year in January, the ninth straight month of double-digit increases. The report from Rentals.ca and Urbanation calculated the average listed rent to be $1,996 in January, down 0.5 per cent from December. When compared ... Read More »
Be the first to comment!Alaska carbon plan: Boost state coffers without cutting oil
By Becky Bohrer, The Associated Press on February 15th, 2023
JUNEAU, Alaska (AP) – Oil-dependent Alaska has long sought ways to fatten its coffers and move away from the fiscal whiplash of oil’s boom-and-bust cycles. The newest idea, promoted by Republican Gov. Mike Dunleavy, would have the state capitalize on its oil and gas expertise to tap into a developing industry – carbon storage – ... Read More »
Be the first to comment!Experts react to January home sales, which dropped 37.1 per cent
By The Canadian Press on February 15th, 2023
Canadian home sales were down 37.1 per cent in January compared with a year earlier, according to new figures from The Canadian Real Estate Association (CREA). It was the worst January for home sales since 2009. Here’s what experts were saying Wednesday about the numbers: Rishi Sondhi, economist at TD Bank “Moving forward, housing activity ... Read More »
Be the first to comment!Indigo risks reputational damage as outage drags on: experts
By The Canadian Press on February 15th, 2023
TORONTO – Retail experts say the risks of reputational damage are growing for Indigo Books & Music Inc. as its website remains off-line more than a week after a cyberattack. Retail expert Lisa Hutcheson says the company looks to have navigated the incident reasonably well so far by being transparent and keeping customers informed. The ... Read More »
Be the first to comment!Uber introduces audio recording feature for Canadian riders, drivers
By The Canadian Press on February 15th, 2023
TORONTO – Uber Technologies Inc. is introducing a new feature in Canada today that gives riders and drivers the ability to record audio of their trips. The ride-hailing giant says the feature piloted in Calgary last November is meant to encourage safety and provide peace of mind. The tool allows riders and drivers to begin ... Read More »
Be the first to comment!Home sales in Canada post worst start to the year since 2009: CREA
By Tara Deschamps, The Canadian Press on February 15th, 2023
Home sales in Canada posted their worst start to the year since 2009 as January sales fell 37.1 per cent compared with the start of 2022 and prices continued to fall, the Canadian Real Estate Association said Wednesday. Home sales for the month amounted to 20,931 and came as the January sales also fell three ... Read More »
1 responseMagna announces Ontario expansion, new Brampton facility
By The Canadian Press on February 15th, 2023
BRAMPTON, Ont. – Magna is announcing it is putting more than $470 million into bolstering its Ontario operations, including an electric vehicle battery enclosure facility northwest of Toronto. The company says the new operation in Brampton, Ont., as well as expansions to its locations in Guelph, Belleville, Newmarket, Windsor and Penetanguishene are expected to create ... Read More »
1 responseAustin’s city manager fired over widespread power outages
By Paul J. Weber, The Associated Press on February 15th, 2023
AUSTIN, Texas (AP) – Austin’s city manager was fired Wednesday in the wake of outrage in the Texas capital over a slow and fumbled response to a winter storm power outage that left thousands of people without electricity for a week or longer. The vote by the Austin City Council to remove Spencer Cronk, the ... Read More »
1 responseAustin’s city manager fired over widespread power outage
By Paul J. Weber, The Associated Press on February 15th, 2023
AUSTIN, Texas (AP) – Austin’s city manager was fired Wednesday in the wake of outrage in the Texas capital over a slow and fumbled response to a winter storm power outage that left thousands of people without electricity for a week or longer. The vote by the Austin City Council to remove Spencer Cronk, the ... Read More »
1 responseFeds restrict funding of research with foreign agencies deemed to pose security risk
By The Canadian Press on February 15th, 2023
OTTAWA – The federal government says it is tightening its policy on bankrolling research with foreign entities that might pose a risk to national security. The government says “a sensitive research area” will not be funded if a person on the project is affiliated with a university, research institute or laboratory connected to military, national ... Read More »
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