Business
Canadian retail sales fell 0.1 per cent to $61.8 billion in November
By The Canadian Press on January 20th, 2023
OTTAWA – Statistics Canada says retail sales dropped 0.1 per cent to $61.8 billion in November. However, the federal agency says its preliminary estimate for December suggests retail sales edged back up 0.5 per cent for that month, though it cautioned the figure would be revised. Retail sales decreased in six of 11 subsectors, representing ... Read More »
Be the first to comment!Macron to hike military funds amid Ukraine war, new threats
By Sylvie Corbet And Angela Charlton, The Associated Press on January 20th, 2023
PARIS (AP) – French President Emmanuel Macron on Friday proposed to boost defense spending by more than a third through 2030 and to “transform” France’s nuclear-armed military, to better face evolving threats and take into account the impact of Russia’s war in Ukraine. Macron announced a proposal for 413 billion euros (nearly $450 billion) in ... Read More »
Be the first to comment!Cannabis company Hexo regains compliance with Nasdaq’s minimum bid price requirement
By The Canadian Press on January 20th, 2023
GATINEAU, Que. – Hexo Corp. says the Nasdaq Stock Market LLC has informed the cannabis company that it has regained compliance with minimum bid price requirements. Gatineau, Que.-based Hexo became non-compliant with the requirement when its closing bid price for common shares listed on the Nasdaq dropped below US$1 for 30 consecutive trading days. The ... Read More »
Be the first to comment!Romanian judge grants 30-day extension of Tate detention
By The Associated Press on January 20th, 2023
BUCHAREST, Romania (AP) – A judge in Romania has granted prosecutors another request to extend by 30 days the arrest of Andrew Tate, the social media personality who has been detained in the country for weeks as prosecutors investigate a case of human trafficking case and rape, an official said Friday. Tate, 36, a British-U.S. ... Read More »
Be the first to comment!Google axing 12,000 jobs, as tech industry layoffs widen
By The Associated Press on January 20th, 2023
LONDON (AP) – Google is laying off 12,000 workers, becoming the latest tech company to trim staff after rapid expansions during the COVID-19 pandemic have worn off. CEO Sundar Pichai shared the news Friday in an email to staff at the Silicon Valley giant that was also posted on the company’s news blog. “Over the ... Read More »
Be the first to comment!BoC expected to deliver eighth consecutive rate hike, but it’s probably the last one
By Nojoud Al Mallees, The Canadian Press on January 20th, 2023
OTTAWA – Economists don’t believe the Bank of Canada is ready to hit the brakes on its interest rate-hiking cycle just yet, even as signs grow that inflation is easing and the economy is softening. Canada’s central bank is expected to announce its eighth consecutive rate increase on Wednesday, with most commercial banks forecasting a ... Read More »
Be the first to comment!Number of commercial pilot licences issued in Canada has collapsed since 2019
By Amanda Stephenson, The Canadian Press on January 20th, 2023
The number of commercial pilot licences issued in Canada has declined by more than 80 per cent since 2019, even as aviation experts warn of an ever-growing labour shortage that threatens to disrupt Canada’s airline industry. Transport Canada numbers show that the number of commercial pilot licences awarded each year was relatively consistent for much ... Read More »
Be the first to comment!Recall of soft, semi-soft surface-ripened cheeses triggered by illness outbreak
By The Canadian Press on January 19th, 2023
The Canadian Food Inspection Agency has issued a recall for Le Fromage au Village and La Vache à Maillotte brand soft and semi-soft surface-ripened cheese due to possible Listeria contamination. The affected products distributed by Le Fromage au Village Inc. include Angelus, Le Casimir, Le Cendré de Notre-Dame and Mélo-Dieux cheeses, which were sold in ... Read More »
Be the first to comment!Asian markets rise after Wall St losses amid recession fears
By Joe Mcdonald, The Associated Press on January 19th, 2023
BEIJING (AP) – Asian stock markets rose Friday after Wall Street losses deepened as worries grow that the U.S. economy is headed for recession. Shanghai, Tokyo and Hong Kong advanced. Seoul declined. Oil prices gained. Traders worry the Federal Reserve and other central banks might be willing to tip Western economies into recession as they ... Read More »
Be the first to comment!Nunavut energy corporation targeted in cybersecurity attack
By The Canadian Press on January 19th, 2023
Nunavut’s energy corporation says cybersecurity experts are investigating after it was targeted in a cyberattack over the weekend. The Qulliq Energy Corporation says its network was breached, but it’s too early to determine whether the attackers accessed customer information. It says anyone affected will be notified as the investigation continues. Power plants in the territory ... Read More »
Be the first to comment!S&P/TSX composite slightly down, helped by energy stocks; U.S. markets fall
By The Canadian Press on January 19th, 2023
TORONTO – Canada’s main stock index edged lower Thursday, with losses in technology and industrials buoyed by energy stocks, while U.S. stock markets were also down. The S&P/TSX composite index was down 34.79 points at 20,341.44. In New York, the Dow Jones industrial average was down 252.40 points at 33,044.56. The S&P 500 index was ... Read More »
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