Business
BCE reports Q4 profit down from year earlier, raises dividend
By The Canadian Press on February 2nd, 2023
MONTREAL – BCE Inc. reported its fourth-quarter profit fell compared with a year ago and in its outlook for 2023 said it expected its adjusted earnings per share for the full year will be down compared with 2022. However, the company raised its quarterly dividend to 96.75 cents per share from 92 cents per share. ... Read More »
Be the first to comment!Falooda Drink with Almond Flavour recalled over undeclared milk
By The Canadian Press on February 1st, 2023
The Canadian Food Inspection Agency has issued a recall for Falooda Drink with Almond Flavour because the product contains milk that is not listed on the label. The beverage distributed by Nutrifresh was sold in 290 ml bottles in British Columbia, Alberta, and Saskatchewan The recall was triggered by Canadian Food Inspection Agency test results. ... Read More »
Be the first to comment!Australia is removing British monarchy from its bank notes
By The Associated Press on February 1st, 2023
CANBERRA, Australia (AP) – Australia is removing the British monarchy from its bank notes. The nation’s central bank said Thursday its new $5 bill would feature an Indigenous design rather than an image of King Charles III. But the king is still expected to appear on coins. The $5 bill was Australia’s only remaining bank ... Read More »
Be the first to comment!King Charles III won’t appear on new Australian bank notes
By The Associated Press on February 1st, 2023
CANBERRA, Australia (AP) – King Charles III won’t feature on Australia’s new $5 bill, the nation’s central bank announced Thursday, signaling a phasing out of the British monarchy from Australian bank notes, although he is still expected to feature on coins. A new Indigenous design will replace the previous portrait of the late Queen Elizabeth ... Read More »
Be the first to comment!Fed lifts rate by quarter-point but says inflation is easing
By Christopher Rugaber, The Associated Press on February 1st, 2023
WASHINGTON (AP) – The Federal Reserve extended its fight against high inflation Wednesday by raising its key interest rate by a quarter-point, its eighth hike since March. And the Fed signaled that even though inflation is easing, it remains high enough to require further rate hikes. At the same time, Chair Jerome Powell said at ... Read More »
Be the first to comment!Saskatchewan First Act will help in future court fights with Ottawa: justice minister
By The Canadian Press on February 1st, 2023
REGINA – Saskatchewan’s justice minister says Ottawa’s actions have a larger effect on investor confidence than pushback from Indigenous and environmental groups as she promotes a bill that the province contends would give it more autonomy. Bronwyn Eyre says the Saskatchewan First Act isn’t about carving new powers for Saskatchewan. The legislation, which passed a ... Read More »
Be the first to comment!S&P/TSX composite unchanged Wednesday, U.S. markets slightly up
By The Canadian Press on February 1st, 2023
TORONTO – Broad-based strength Wednesday helped buoy Canada’s main stock index against losses in the energy sector, while U.S. markets rose, particularly the Nasdaq which gained two per cent. The S&P/TSX composite index was down 16.33 points at 20,751.05. In New York, the Dow Jones industrial average was up 6.92 points at 34,092.96. The S&P ... Read More »
Be the first to comment!Stocks end higher as Fed sees progress against inflation
By Stan Choe, The Associated Press on February 1st, 2023
NEW YORK (AP) – Wall Street rose to its highest level since the summer following the latest hike to interest rates by the Federal Reserve, which said it’s finally seeing improvements in inflation. The S&P 500 rallied back from an early 1% loss Wednesday to rise 1%. The Nasdaq jumped 2% and the Dow ended ... Read More »
Be the first to comment!Stocks jump higher as Fed sees progress against inflation
By Stan Choe, The Associated Press on February 1st, 2023
NEW YORK (AP) – Wall Street leaped to its highest level since the summer on Wednesday following the latest hike to interest rates by the Federal Reserve, which said it’s finally seeing improvements in inflation. The S&P 500 rallied back from an early 1% loss to rise 1.5% after Fed Chair Jerome Powell said the ... Read More »
Be the first to comment!Stocks swing higher as Fed sees progress against inflation
By Stan Choe, The Associated Press on February 1st, 2023
NEW YORK (AP) – Stocks swung to gains on Wall Street Wednesday following the latest hike to interest rates by the Federal Reserve, which said it’s finally seeing improvements in inflation. The S&P 500 was 1% higher in afternoon trading, bouncing back from an earlier loss of as much as 1%. The Dow Jones Industrial ... Read More »
Be the first to comment!BMO closes US$16.3 billion Bank of the West deal
By The Canadian Press on February 1st, 2023
TORONTO – BMO Financial Group says it has closed its US$16.3 billion acquisition of Bank of the West more than 13 months after initially announcing the deal. The bank says the closing of the deal adds nearly 1.8 million customers and 500 branches to BMO that, along with its current presence in the U.S., gives ... Read More »
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