Business
Canada’s annual inflation rate slowed in December but grocery prices stayed high
By The Canadian Press on January 17th, 2023
OTTAWA – Canada’s annual inflation rate slowed to 6.3 per cent in December as the cost of groceries remained high and gas prices cooled. In its latest consumer price index released Tuesday, Statistics Canada said Canadians continued to see prices soar at grocery stores last month compared with a year ago. Grocery prices were up ... Read More »
Be the first to comment!Bombardier says 2022 revenue totalled US$6.9 billion based on preliminary results
By The Canadian Press on January 17th, 2023
MONTREAL – Bombardier says its preliminary 2022 financial results suggest revenue last year totalled about US$6.9 billion as the company delivered 123 aircraft. The result compared with the aircraft maker’s guidance last updated in August for revenue of more than US$6.5 billion for the year. Aircraft deliveries were expected to come it at more than ... Read More »
Be the first to comment!Canada’s annual inflation rate slowed to 6.3 per cent in December
By The Canadian Press on January 17th, 2023
OTTAWA – Statistics Canada says the country’s annual inflation rate slowed to 6.3 per cent in December. The federal agency’s latest consumer price index released today says inflation slowed last month largely due to a deceleration in gas prices. That deceleration was offset by increases in mortgage interest costs, clothing and footwear and personal care ... Read More »
Be the first to comment!Cargojet and Canada Post extend services agreement to 2029
By The Canadian Press on January 17th, 2023
MISSISSAUGA, Ont. – Cargojet Inc. says it has extended its master services agreement with Canada Post Corp. and Purolator Inc. until Sept. 30, 2029. The company says the extended agreement with the Canada Post Group of Companies (CPGOC) will continue to have minimum guaranteed volumes. Cargojet first signed the agreement in 2014 for a seven-year ... Read More »
Be the first to comment!Goodfood reports $11.7M Q1 loss, sales down but margins improve
By The Canadian Press on January 17th, 2023
MONTREAL – Goodfood Market Corp. reported a first-quarter loss of $11.7 million compared with a loss of $21.6 million in the same quarter a year earlier as its revenue fell, but margins improved. The meal kit company says the loss amounted to 16 cents per diluted share for the quarter ended Dec. 3 compared with ... Read More »
Be the first to comment!The Bay partners with ReturnBear to streamline return process for online orders
By Brett Bundale, The Canadian Press on January 17th, 2023
If new clothes ordered digitally don’t fit, Rebecca Thomas will either return them to a store or toss them in a donation box. “I’m just putting brand new items with tags still on in a giveaway pile,” said Thomas, a Dartmouth, N.S., resident in her late 30s. “I will not go to Canada Post.” Returning ... Read More »
Be the first to comment!EU outlines plan for clean tech future boosted by subsidies
By Raf Casert, The Associated Press on January 17th, 2023
BRUSSELS (AP) – The European Union pushed forward on Tuesday with a massive clean tech industrial plan which not only should keep the continent in the vanguard of plotting a greener future but also guarantee its economic survival as it faces challenges from China and the United States. EU Commission President Ursula von der Leyen ... Read More »
Be the first to comment!Germany to appoint regional official as defense minister
By The Associated Press on January 17th, 2023
BERLIN (AP) – German Chancellor Olaf Scholz will appoint a regional official as the new defense minister following the resignation of the much-criticized Christine Lambrecht, the dpa news agency reported Tuesday. The defense minister-designate, Boris Pistorius, is a member of Scholz’ Social Democrats, and has been serving as interior minister of Lower Saxony since 2013. ... Read More »
Be the first to comment!‘Smoke and mirrors’: Northern miners call for more support for critical minerals
By Emily Blake, The Canadian Press on January 17th, 2023
YELLOWKNIFE – Mining companies with projects in the North say more federal support is needed following the release of Canada’s new critical minerals strategy, while some environmental advocates are wary of the potential impacts. Several projects in the North focus on critical minerals – so-called because they are considered critical to Canada’s economy and strategic ... Read More »
Be the first to comment!Statistics Canada to release December inflation report this morning
By The Canadian Press on January 17th, 2023
OTTAWA – Statistics Canada will release its inflation report for December this morning. The federal agency’s consumer price index report will provide insight on how quickly prices rose last month as Canada continues to struggle with decades-high inflation. In November, the inflation rate was 6.8 per cent. RBC expects the inflation rate eased to 6.4 ... Read More »
Be the first to comment!China’s economic growth falls to 3%, gradually reviving
By Joe Mcdonald, The Associated Press on January 16th, 2023
BEIJING (AP) – China’s economic growth fell to its second-lowest level in at least four decades last year under pressure from anti-virus controls and a real estate slump, but activity is reviving after restrictions that kept millions of people at home and sparked protests were lifted. The world’s No. 2 economy grew by 3% in ... Read More »
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