Business
TMX Group sees revenue, earnings rise in fourth quarter of 2022, full year
By The Canadian Press on February 6th, 2023
TORONTO – TMX Group says its revenue and earnings rose in the fourth quarter of 2022 compared to the same period last year, and announced an increase to its dividend of five per cent to 87 cents per common share. The company, which operates the Toronto Stock Exchange, says its net income attributable to shareholders ... Read More »
Be the first to comment!McKinsey doesn’t meet criteria for banning company from federal contracts: bureaucrat
By The Canadian Press on February 6th, 2023
OTTAWA – The deputy minister of Public Services and Procurement Canada says the federal government’s ethics rules do not disqualify consulting firm McKinsey & Company from doing business with the federal government despite scrutiny of the firm’s global track record. Paul Thompson is answering questions about the firm’s government contracts at a House of Commons ... Read More »
Be the first to comment!Release of toxic chemicals from derailed tanker cars begins
By Patrick Orsagos And John Seewer, The Associated Press on February 6th, 2023
EAST PALESTINE, Ohio (AP) – Authorities have started releasing toxic chemicals into the air from five derailed tanker cars that had been in danger of exploding Monday near the Ohio-Pennsylvania state. Ohio Gov. Mike DeWine ordered evacuations in the area and had warned residents a few hours before the controlled released to leave immediately or ... Read More »
Be the first to comment!Stocks slip as worries about high rates weigh on Wall Street
By Stan Choe And Damian J. Troise, The Associated Press on February 6th, 2023
NEW YORK (AP) – Wall Street shaved off more of its strong start to the year on Monday, adding to losses from the end of last week driven by worries about higher interest rates and inflation. The S&P 500 fell 25.40, or 0.6%, to 4,111.08 for its second straight fall after a stunningly strong report ... Read More »
Be the first to comment!S&P/TSX composite edges lower Monday across sectors, U.S. stocks also slip
By The Canadian Press on February 6th, 2023
TORONTO – Canada’s main stock index lost more than 100 points Monday on broad-based weakness while U.S. markets were also down, with the Nasdaq slipping one per cent. The S&P/TSX composite index was down 129.42 points at 20,628.92. In New York, the Dow Jones industrial average was down 34.99 points at 33,891.02. The S&P 500 ... Read More »
Be the first to comment!Google notifying Canadian employees affected by global layoff of 12,000 workers
By Tara Deschamps, The Canadian Press on February 6th, 2023
TORONTO – Canadian Google employees affected by recently announced job cuts were being told Monday whether they have been laid off. Google Canada spokesperson Lauren Skelly confirmed in an email that notifications were being sent to staff impacted by the cuts announced last month. Skelly wouldn’t say how many Canadians are due to be laid ... Read More »
Be the first to comment!Water restrictions lifted on Sunshine Coast as disastrous drought sidestepped
By The Canadian Press on February 6th, 2023
SECHELT, B.C. – For the first time since last May, the Sunshine Coast Regional District has lifted water conservation regulations affecting a large part of its area north of Vancouver. A statement from the regional district says, effective immediately, Stage 1 water conservation regulations have been removed in the Chapman water system. In October, the ... Read More »
Be the first to comment!Google notifying Canadian employees impacted by global layoff of 12,000 workers
By The Canadian Press on February 6th, 2023
TORONTO – Google says Canadian employees affected by recently announced job cuts are being told today whether they have been laid off. Google Canada spokesperson Lauren Skelly says notifications are being sent to staff impacted by the cuts announced last month. Skelly wouldn’t say how many Canadians are being laid off and in what departments ... Read More »
Be the first to comment!Ohio authorities plan “controlled release” of toxic material
By The Associated Press on February 6th, 2023
EAST PALESTINE, Ohio (AP) – Authorities in Ohio say they plan to release toxic chemicals from five cars of a derailed train in Ohio to reduce the threat of an explosion. Ohio Gov. Mike DeWine says a “controlled release” of vinyl chloride will take place on Monday at 3:30 p.m. Residents near the site have ... Read More »
Be the first to comment!Ontario cannabis shop sales data circulating, provincial pot regulators investigate
By The Canadian Press on February 6th, 2023
TORONTO – Ontario cannabis stores are seeing their sales data shared among competitors without their approval for at least the second time in a year. The province’s pot distributor, the Ontario Cannabis Store, and regulator, the Alcohol and Gaming Commission of Ontario, say stores informed them last week that confidential sales data was circulating within ... Read More »
1 responseHudson’s Bay to close two Alberta department stores this summer amid ‘market changes’
By The Canadian Press on February 6th, 2023
EDMONTON – Hudson’s Bay is shuttering two department stores in Alberta, saying the decision reflects market changes and the company’s vision for the future. The retailer says its stores in Banff and the northeast Edmonton area of Londonderry will close in August. The company says it will continue to serve the community at its four ... Read More »
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