Business
Great-West reports earnings of $892M, raises dividend six per cent
By The Canadian Press on February 9th, 2023
WINNIPEG – Great-West Lifeco Inc. says earnings rose in the fourth quarter compared with a year earlier as its diversified portfolio performed well despite challenging market conditions. The Winnipeg-based insurer says it had base earnings of $892 million, or 96 cents per share, compared with earnings of $825 million or 89 cents per share last ... Read More »
1 responseS&P/TSX composite higher in late-morning trading, U.S. stock markets also up
By The Canadian Press on February 9th, 2023
TORONTO – Strength in the financial and base metal sectors helped Canada’s main stock index move higher in late-morning trading, while U.S. stock markets also rose. The S&P/TSX composite index was up 27.46 points at 20,707.00. In New York, the Dow Jones industrial average was up 107.30 points at 34,056.31. The S&P 500 index was ... Read More »
1 responseTC Energy says combination of factors caused Keystone pipeline leak
By The Canadian Press on February 9th, 2023
CALGARY – TC Energy Corp. says cleanup and remediation of the Keystone pipeline leak in December will cost an estimated US$480 million. The Keystone pipeline system suffered the worst oil spill in its history on Dec. 7, when oil leaked into a creek in Washington County, Kansas. The Calgary-based pipeline operator says the leak was ... Read More »
1 responseUkraine’s Zelenskyy makes emotional appeal for EU membership
By Raf Casert And Samuel Petrequin, The Associated Press on February 9th, 2023
BRUSSELS (AP) – President Volodymyr Zelenskyy said Thursday that “a Ukraine that is winning” its war with Russia should be a member of the European Union, arguing the bloc wouldn’t be complete without it. Zelenskyy made his appeal during an emotional day at EU headquarters in Brussels as he wrapped up a rare, two-day trip ... Read More »
1 responseWill paying for dating apps make you more likely to find you love?
By Tara Deschamps, The Canadian Press on February 9th, 2023
TORONTO – Jennifer Lopez might have sung “Love Don’t Cost a Thing” more than 20 years ago, but these days, it’s not uncommon to drop some cash in the hunt for a partner. For a monthly or annual fee, there are many dating apps and sites that will give you access to their pool of ... Read More »
1 responseCanada’s housing market to see listings fall in first quarter, before rebounding: TD
By The Canadian Press on February 9th, 2023
TORONTO – A new report says Canada’s housing market will see new listings fall in the first quarter before rebounding later in the year and then, slowing to a more modest growth pace in 2024. The report from Rishi Sondhi, an economist with TD Economics says subdued sales and declining prices will result in listings ... Read More »
1 responseWall Street opens higher, climbing back to gains for week
By Elaine Kurtenbach And Matt Ott, The Associated Press on February 9th, 2023
NEW YORK (AP) – Stocks are opening higher on Wall Street, pushing most major indexes back to gains for the week after a chopy few days of trading. The S&P 500 was up 0.6% in the early going Thursday, and the Nasdaq was up 0.9%. The Dow Jones Industrial Average rose 0.6%. Disney rose 5% ... Read More »
1 responseCameco reports $15M Q4 loss, revenue up more than 10 per cent from year ago
By The Canadian Press on February 9th, 2023
SASKATOON – Cameco Corp. reported a loss in its latest quarter as its revenue climbed more than 10 per cent compared with a year earlier. The uranium miner says its loss attributable to equity holders amounted to $15 million or four cents per share for the quarter ended Dec. 31 compared with a profit of ... Read More »
Be the first to comment!Thomson Reuters reports US$282M Q4 profit, raises dividend
By The Canadian Press on February 9th, 2023
TORONTO – Thomson Reuters Corp. raised its dividend as it reported a fourth-quarter profit of US$282 million compared with a loss of US$175 million in the same quarter a year earlier. The company, which keeps its books in U.S. dollars, says it will now pay a quarterly dividend of 49 cents per share, up from ... Read More »
Be the first to comment!Shopify launches new shopping, shipping tools in semi-annual product showcase
By Tara Deschamps, The Canadian Press on February 9th, 2023
TORONTO – Shopify Inc. announced more than 100 new product updates Thursday, including several aimed at helping retailers reach more customers, make checkout easier and better manage shipping. The updates were revealedthroughShopify Editions, the Ottawa e-commerce technology company’s semi-annual product showcase that replaced its yearly Unite conference, which was hosted in-person before the COVID-19 pandemic ... Read More »
Be the first to comment!Indigo investigating ongoing cybersecurity incident as its website remains offline
By The Canadian Press on February 9th, 2023
TORONTO – Indigo Books & Music Inc. is continuing to investigate what it calls a “cybersecurity incident” affecting its website and electronic payment systems in stores. The company says it’s working with third-party experts to investigate and resolve the situation and hopes to have its systems back online as soon as possible. In the meantime, ... Read More »
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