Business
Doja Cat, John Travolta, Adam Driver star in Super Bowl ads
By Mae Anderson, The Associated Press on February 10th, 2023
NEW YORK (AP) – The Super Bowl is advertising’s biggest, glitziest stage. Big name advertisers from Netflix to Google are paying as much as $7 million for a 30-second spot during the big game on Sunday, seeking to capture the attention of the roughly 100 million viewers who tune in each year. To get the ... Read More »
Be the first to comment!Food inflation dips into Super Bowl spreads
By Rosa Saba, The Canadian Press on February 10th, 2023
TORONTO – As food prices stay hot, the chicken wings, pizza, party subs and snacks for your Super Bowl spread will come with a heftier price tag this year, whether you’re ordering in, going out, or cooking at home. With December grocery prices up 11 per cent from a year earlier and higher interest rates ... Read More »
Be the first to comment!U.S. analysis ongoing to determine if Chinese spy balloon gathered intel from Canada
By The Canadian Press on February 10th, 2023
WASHINGTON – Canada’s defence minister says the United States is still trying to determine whether a Chinese surveillance balloon collected any intelligence from either country when it flew over North America last week. Anita Anand says Canada opted against shooting it down over Canadian airspace because it was deemed not to pose a threat to ... Read More »
Be the first to comment!Canadian labour market shows no signs of slowing despite high interest rates
By Nojoud Al Mallees, The Canadian Press on February 10th, 2023
OTTAWA – The Canadian labour market is showing no signs of slowing despite forecasters expecting high interest rates to weigh on jobs numbers. Statistics Canada’s latest labour force survey released Friday showed that the economy added a whopping 150,000 jobs in January. Meanwhile, more Canadians were working or looking for work as 153,000 people joined ... Read More »
Be the first to comment!Texas AG settles with former aides who reported him to FBI
By Jake Bleiberg, The Associated Press on February 10th, 2023
DALLAS (AP) – Texas Attorney General Ken Paxton has agreed to apologize and pay $3.3 million in taxpayer money to four former staffers who accused him of corruption in 2020, igniting an ongoing FBI investigation of the three-term Republican. Under terms of a preliminary lawsuit settlement filed Friday, Paxton made no admission of wrongdoing to ... Read More »
Be the first to comment!Average Toronto home price to tick upwards this year, but lag 2022: TRREB
By Tara Deschamps, The Canadian Press on February 10th, 2023
TORONTO – The Toronto Regional Real Estate Board expects the average price of a home to edge upwards as 2023 progresses but end on a lower note than last year as buyers get off the market’s sidelines and make long-awaited purchases again. The Ontario board said in its annual outlook released Friday that it foresees ... Read More »
Be the first to comment!Magna shares down almost 15% as Q4 results hit by production volatility, costs
By Ian Bickis, The Canadian Press on February 10th, 2023
TORONTO – Shares of Magna International Inc. were down almost 15 per cent in late-morning trading Friday as the company reported financial results that came in below expectations. “2022 was another difficult year for the automotive industry and for Magna,” said company chief executive Swamy Kotagiri on an earnings call with analysts. Supply disruptions that ... Read More »
1 responseDairy giant Saputo doubles profit despite ‘fast and furious’ inflationary pressures
By Brett Bundale, The Canadian Press on February 10th, 2023
Canadian dairy processor Saputo Inc. more than doubled its profit in its latest quarter amid higher prices, improved productivity and strong sales, company executives said Friday. “Consumer demand for our products in the third quarter was strong despite increasing prices,” Saputo CEO Lino A. Saputo said during a call with analysts. Shoppers are increasingly value ... Read More »
1 responseEnbridge still negotiating with pipeline shippers over Mainline tolling plan
By Amanda Stephenson, The Canadian Press on February 10th, 2023
CALGARY – Enbridge Inc. says negotiations to settle on a new tolling plan for its Mainline pipeline system are progressing, but the Calgary-based company declined to say when it expects an agreement to be reached. “I don’t think creating artificial timeframes on these things is a wise idea,” said Enbridge CEO Greg Ebel, on what ... Read More »
1 responseNova Scotia pulls ahead in Atlantic Canadian race to supply Germany with green energy
By The Canadian Press on February 10th, 2023
PORT HAWKESBURY, N.S. – The Nova Scotia government has approved the first phase of a green hydrogen and ammonia operation led by EverWind Fuels in Cape Breton. The first phase includes the construction of a 300-megawatt hydrogen electrolysis plant and an ammonia production facility in the community of Port Hawkesbury, N.S. EverWind said in a ... Read More »
1 responseHere’s a quick glance at unemployment rates for January, by Canadian city
By The Canadian Press on February 10th, 2023
OTTAWA – The national unemployment rate held steady at 5.0 per cent in January. Statistics Canada also released seasonally adjusted, three-month moving average unemployment rates for major cities. It cautions, however, that the figures may fluctuate widely because they are based on small statistical samples. Here are the jobless rates last month by city (numbers ... Read More »
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