Business
BDC leads US$50M funding round for Calgary-based lithium company
By Amanda Stephenson, The Canadian Press on January 18th, 2023
CALGARY – A new fund launched in November by the Business Development Bank of Canada to help foster the growth of homegrown climate technology has made its largest investment yet. The Crown corporation’s investment arm, BDC Capital, along with Vancouver-based Evok Innovations, recently co-led a Series A2 financing round that raised US$50 million in investment ... Read More »
Be the first to comment!Pension funds improving on climate but overall still falling short: report
By The Canadian Press on January 18th, 2023
TORONTO – A new report by an advocacy group says some of Canada’s major pension funds have made significant improvements in responding to the climate crisis, but overall are still falling short. The report by Shift Action for Pension Wealth and Planet Health shows a high level of inconsistency among the 11 pension funds evaluated, ... Read More »
Be the first to comment!Qantas plane lands safely after mayday call made over ocean
By The Associated Press on January 17th, 2023
SYDNEY (AP) – A Qantas flight from New Zealand landed safely at the Sydney Airport after it issued a mayday call over the ocean Wednesday. Emergency services rushed to the plane after Qantas Flight 144 arrived from Auckland, New Zealand. Multiple outlets reported it had an engine failure while over the Pacific Ocean. Boeing 737 ... Read More »
Be the first to comment!Qantas plane over ocean makes mayday call approaching Sydney
By The Associated Press on January 17th, 2023
SYDNEY (AP) – A Qantas flight traveling from New Zealand to Sydney issued a mayday call over the ocean Wednesday, and emergency services were responding. Qantas Flight 144 was due to land at 3:30 p.m. (430 GMT) at Sydney Airport. Multiple outlets reported it had an engine failure. Boeing 737 jets have two engines. New ... Read More »
Be the first to comment!Nobel winner Maria Ressa, news outlet cleared of tax evasion
By The Associated Press on January 17th, 2023
MANILA, Philippines (AP) – A Philippine tax court on Wednesday cleared Nobel Peace Prize winner Maria Ressa and her online news company of tax evasion charges she said were part of a slew of legal cases used by former President Rodrigo Duterte to muzzle critical reporting. The Court of Tax Appeals ruled that prosecutors failed ... Read More »
Be the first to comment!ICBC president Nicolas Jimenez leaves to take the top job at BC Ferries
By The Canadian Press on January 17th, 2023
VICTORIA – The president and CEO of the Insurance Corporation of B.C. is leaving to take on the same job at BC Ferries. The insurance corporation says in a news release that Nicolas Jimenez has been with them for almost 20 years. Board chair Catherine Holt says Jimenez has made many contributions during his tenure, ... Read More »
Be the first to comment!Lawyer for ex-OPSEU president says union’s allegations untrue
By Allison Jones, The Canadian Press on January 17th, 2023
TORONTO – A lawyer for the former president of the Ontario Public Service Employees Union says allegations of financial improprieties in a lawsuit launched by the union are untrue. OPSEU is seeking nearly $6 million it alleges was unlawfully transferred to former president Warren (Smokey) Thomas, former first vice-president/treasurer Eduardo Almeida and former financial services ... Read More »
Be the first to comment!S&P/TSX composite posts small gain, U.S. markets mixed
By The Canadian Press on January 17th, 2023
TORONTO – Strength in the energy, utility and industrial sectors helped Canada’s main stock post a small gain Tuesday despite weakness in metals, while U.S. markets were mixed. The S&P/TSX composite index was up 67.13 points at 20,457.46. In New York, the Dow Jones industrial average was down 391.76 points, or 1.14 per cent, at ... Read More »
Be the first to comment!Stocks close mixed on Wall Street in uneven trading
By Damian J. Troise And Alex Veiga, The Associated Press on January 17th, 2023
NEW YORK – Major U.S. indexes closed mixed on Wall Street at the beginning of a holiday-shortened, but earnings-heavy week. The S&P 500 fell 0.2% Tuesday and the Nasdaq edged up 0.1%. The Dow Jones Industrial Average fell 1.1%, mostly because of a big drop in Goldman Sachs after the investment bank’s results came in ... Read More »
Be the first to comment!Bombardier says 2022 revenue hit US$6.9B, cash flow US$735M in preliminary results
By The Canadian Press on January 17th, 2023
MONTREAL – Bombardier is set to beat its own financial results expectations for 2022, the company said Tuesday as it released preliminary results. The aircraft maker said key factors like revenue, earnings, and especially free cash flow will come in ahead of what it had guided earlier last year. Bombardier, which reports in U.S. dollars, ... Read More »
Be the first to comment!At Davos, Ukraine’s first lady urges support for her nation
By Jamey Keaten, The Associated Press on January 17th, 2023
DAVOS, Switzerland (AP) – Ukraine’s first lady on Tuesday pressed world leaders and corporate executives at the World Economic Forum’s annual gathering to do more to help her country at a time when Russia’s invasion is leaving children dying and the world struggling with food insecurity. As the anniversary of the war nears, Olena Zelenska ... Read More »
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