Business
Michele Romanow steps down as Clearco CEO as company lays off staff again
By Tara Deschamps, The Canadian Press on January 16th, 2023
TORONTO – Michele Romanow is stepping down from her chief executive role at Clearco as the e-commerce investing business she co-founded lays off staff. Clearco spokesperson Nick Rosen-Wachs confirmed the “Dragons’ Den” star’s career change in an email to The Canadian Press on Monday, saying she will be replaced by Andrew Curtis. Curtis joined Clearco ... Read More »
1 responseMore businesses expect sales to slip as high inflation, rates weigh on spending: BoC
By The Canadian Press on January 16th, 2023
OTTAWA – The Bank of Canada says more businesses than usual expect their sales to decline as most firms and consumers expect a recession in the next 12 months. The central bank released its fourth quarter business outlook and consumer expectations surveys Monday, giving some insight into how high inflation and interest rates are affecting ... Read More »
Be the first to comment!Debt worries rise amid higher interest rates and persistent inflation: MNP report
By The Canadian Press on January 16th, 2023
CALGARY – A new report suggests Canadian’s worries about debt are rising amid higher interest rates and persistent inflation. Bankruptcy trustee firm MNP says its quarterly consumer debt index fell 15 points since its last survey to an all-time low of 77 points. A lower score on the index suggests higher anxiety about debt. MNP ... Read More »
Be the first to comment!Michele Romanow out at Clearco as company lays off staff again, Andrew Curtis now CEO
By The Canadian Press on January 16th, 2023
TORONTO – Michele Romanow is stepping down from her chief executive role at Clearco as the e-commerce investing business she co-founded lays off staff. Finance worker Andrew Curtis will replace the “Dragon’s Den” star, a move that comes almost a year after co-founder and then-chief executive Andrew D’Souza stepped down following a romantic split with ... Read More »
Be the first to comment!Statistics Canada says manufacturing sales flat at $72.3 billion in November
By The Canadian Press on January 16th, 2023
OTTAWA – Statistics Canada says manufacturing sales were flat at $72.3 billion in November. The result came as sales in the motor vehicle industry rose 12.7 per cent to $3.9 billion in November, as the agency says production at several assembly plants in Canada ramped up. Sales in the fabricated metal product industry gained 2.7 ... Read More »
Be the first to comment!CREA predicts 2023 home sales to edge down 0.5% from 2022 mark
By The Canadian Press on January 16th, 2023
OTTAWA – The Canadian Real Estate Association says it expects home sales this year to edge down 0.5 per cent compared with 2022. In its updated forecast for the year, it also says it expects the average home price to decline 5.9 per cent on an annual basis to $662,103 in 2023. For 2024, CREA ... Read More »
Be the first to comment!Italy: No 1 wanted Mafia boss held after 30 years on the run
By Frances D'emilio, The Associated Press on January 16th, 2023
ROME (AP) – Italy’s No. 1 fugitive, Matteo Messina Denaro, a convicted Mafia boss who ordered some of the nation’s most heinous killings, was arrested Monday at a private clinic in Sicily after three decades on the run, Italian paramilitary police said. Messina Denaro was captured at the Palermo clinic where he was receiving treatment ... Read More »
Be the first to comment!Ukraine strike deaths hit 40; Russia seen preparing long war
By The Associated Press on January 16th, 2023
KYIV, Ukraine (AP) – The death toll from a weekend Russian missile strike on an apartment building in the southeastern Ukrainian city of Dnipro has risen to 40, authorities said Monday, as Western analysts pointed to indications the Kremlin was preparing for a drawn-out war in Ukraine after almost 11 months of fighting. About 1,700 ... Read More »
Be the first to comment!19 dead, dozens injured in Senegal road crash
By Babacar Dione, The Associated Press on January 16th, 2023
DAKAR, Senegal (AP) – A bus swerved to avoid hitting a donkey and collided with a truck, killing at least 19 people and injuring dozens of others in Senegal on Monday, authorities said. The collision happened near Ngeun Sarr in the country’s north, President Macky Sall tweeted. “Yet another fatal accident on our roads,” he ... Read More »
Be the first to comment!Italy arrests No. 1 fugitive Mafia boss, 30 years on the run
By Frances D'emilio, The Associated Press on January 16th, 2023
ROME (AP) – Italy’s No. 1 fugitive, convicted Mafia boss Matteo Messina Denaro, was captured on Monday at a private clinic in Palermo, Sicily, after three decades on the run, Italian paramilitary police said. Messina Denaro was captured at the clinic where he was receiving treatment for an undisclosed medical condition, said Carabinieri Gen. Pasquale ... Read More »
Be the first to comment!Thousands turn out to bid farewell to Greece’s former king
By The Associated Press on January 16th, 2023
ATHENS, Greece (AP) – Thousands of people lined up since before dawn on Monday outside Athens’ cathedral to pay their final respects to Greece’s former and last king, Constantine, who died last week at the age of 82. Greece’s monarchy was definitively abolished in a referendum in 1974, and Constantine spent decades in exile, living ... Read More »
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