Business
First Quantum says copper loading suspended at Cobre Panama port
By The Canadian Press on February 6th, 2023
TORONTO – First Quantum Minerals Ltd. says the Panamá Maritime Authority has suspended loading operations of copper concentrate at the port for its Cobre Panama mine. The stoppage related to the certification of the scales at the facility is the latest development in the company’s dispute with Panama over tax and royalty payments. First Quantum, ... Read More »
2 responsesGloomy economic outlook, elevated mortgages drag down 2023 B.C. housing market: BCREA
By The Canadian Press on February 6th, 2023
VANCOUVER – The British Columbia Real Estate Association says the chill across the province’s property sector will drag on through this year, but it calls for a strong rebound in 2024. The association makes the prediction in its housing forecast for the first quarter of the year. Association chief economist Brendon Ogmundson blames expected sluggish ... Read More »
1 responseWall Street opens lower ahead of more earnings reports
By Joe Mcdonald And Matt Ott, The Associated Press on February 6th, 2023
NEW YORK (AP) – Stocks are opening lower on Wall Street as markets face more earnings reports from big U.S. companies. A surprisingly strong jobs report last week fanned worries that the Federal Reserve may have much more work to do in cooling the economy to get inflation under control. Tyson Foods slumped 5% after ... Read More »
1 responseUber relaunches ride share option in some Canadian cities under new name
By The Canadian Press on February 6th, 2023
Uber Technologies Inc. says it is bringing its shared rides offering back to Canada with a new name. The ride-hailing giant says Toronto, Montreal and Vancouver will get access to UberX Share later this week. UberX Share charges passengers up to 20 per cent less in exchange for sharing a ride with strangers headed to ... Read More »
Be the first to comment!Sun Life Financial names Joe Natale to board of directors
By The Canadian Press on February 6th, 2023
TORONTO – Sun Life Financial Inc. says it has named former Rogers Communications chief executive Joe Natale to its board of directors. The insurance company says he will join the board as of Tuesday. Natale left Rogers in November 2021 after a fight for control over the company that pitted members of the Rogers family ... Read More »
Be the first to comment!Canadian dollar’s outlook for 2023 uncertain as interest rate hikes wane: experts
By The Canadian Press on February 6th, 2023
Experts say the outlook for the loonie in 2023 largely depends on commodity prices, how the U.S. dollar fares, and whether central banks are successful in avoiding a major recession. The Canadian dollar recently rose to its highest level in more than two months against the U.S. dollar, which gained strength Friday after a stronger-than-expected ... Read More »
1 responseBoC’s first summary of deliberations coming this week. Here’s what to expect
By Nojoud Al Mallees, The Canadian Press on February 6th, 2023
OTTAWA – The Bank of Canada is set to publish its first summary of deliberations Wednesday, giving Canadians a peak into the governing council’s reasoning behind its decision to raise interest rates last month. Following a recommendation from the International Monetary Fund, the central bank announced in September that it would begin releasing summaries about ... Read More »
1 responseMeet me in the metaverse: Some companies set up shop in a digital environment
By Rosa Saba, The Canadian Press on February 5th, 2023
As a snowstorm bore down on Toronto, Aaron Grinhaus spoke fondly about the view from his office – not his law firm’s building in midtown, but the one in the metaverse, where two park benches sit around a water fountain and the sky is a gradient of denimblue. “It’s a cute little office,” said the ... Read More »
1 responseFalooda Drink recall over undeclared milk expanded to include multiple flavours
By The Canadian Press on February 4th, 2023
The Canadian Food Inspection Agency has expanded a recall for Falooda Drink that was initially issued because the product contains milk that is not listed on the label. The recall originally covered Nutrifresh Falooda Drink with Almond Flavour, but has now been expanded to include Mango, Pistachio and Rose flavours, all sold in 290 ml ... Read More »
1 responseJury: Musk didn’t defraud investors with 2018 Tesla tweets
By Michael Liedtke, The Associated Press on February 3rd, 2023
SAN FRANCISO (AP) – A jury on Friday decided Elon Musk didn’t defraud investors with his 2018 tweets about electric automaker Tesla in a proposed deal that quickly unraveled and raised questions about whether the billionaire had misled investors. The nine-member jury reached its verdict after less that two hours of deliberation following a three-week ... Read More »
1 responseJury: Musk didn’t deceive investors with 2018 Tesla tweets
By Michael Liedtke, The Associated Press on February 3rd, 2023
SAN FRANCISO (AP) – A jury on Friday decided Elon Musk didn’t deceive investors with his 2018 tweets about electric automaker Tesla in a proposed deal that quickly unraveled and raised questions about whether the billionaire had misled investors. The verdict by the nine jurors was reached after less that two hours of deliberation following ... Read More »
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