Stock market today: Wall Street hits record high following a 2-year round trip scarred by inflation
By Stan Choe, The Associated Press on January 19th, 2024
NEW YORK (AP) – Wall Street returned to record heights and capped a punishing, two-year round trip dogged by high inflation and worries about a possible recession. The S&P 500 rallied 1.2% to surpass its prior all-time high set at the start of 2022. It had dropped as much as 25% from that record on ... Read More »
Be the first to comment!Natural gas industry feeling pinch of slumping prices
By The Canadian Press on January 19th, 2024
CALGARY – North American natural gas prices continued their downward slide this week, in spite of frigid winter conditions that gripped much of the continent. The U.S. natural gas benchmark Henry Hub has fallen six per cent over the last week, trading Friday at around US$2.53 per million British thermal units, or mmBTU. It’s a ... Read More »
Be the first to comment!Japan becomes the fifth country to land a spacecraft on the moon
By Mari Yamaguchi, The Associated Press on January 19th, 2024
TOKYO (AP) – Japan became the fifth country in history to reach the moon when one of its spacecrafts without astronauts successfully made a soft landing on the lunar surface early Saturday. However, space officials said they need more time to analyze whether the Smart Lander for Investigating Moon, or SLIM, achieved its mission priority ... Read More »
Be the first to comment!Affordability, U.S. election to top agenda as federal cabinet meets in Montreal
By The Canadian Press on January 19th, 2024
OTTAWA – The federal cabinet will hear from a range of experts on housing, economics and Canada-U.S. relations over three days of meetings in Montreal next week. Prime Minister Justin Trudeau and his governing team are set to kick off their winter cabinet retreat Sunday night as they prepare for Parliament to return in the ... Read More »
Be the first to comment!Japan became the fifth country to reach the moon after its spacecraft landed on the lunar surface
By Mari Yamaguchi, The Associated Press on January 19th, 2024
TOKYO (AP) – Japan became the fifth country in history to reach the moon when its spacecraft landed on the lunar surface early Saturday, officials said. But officials still were trying to determine whether they could classify the feat as a total success, because they needed more time to analyze whether the spacecraft, which wasn’t ... Read More »
Be the first to comment!Japan becomes the fifth country to reach the moon after spacecraft lands on the lunar surface
By Mari Yamaguchi, The Associated Press on January 19th, 2024
TOKYO (AP) – A Japanese spacecraft touched down on the moon early Saturday, making Japan the fifth country to reach the lunar surface. But officials said they still needed to analyze the pinpoint accuracy of the landing. Hitoshi Kuninaka, head of the Institute of Space and Astronautical Science, said they believe that rovers were launched ... Read More »
Be the first to comment!S&P/TSX composite down, U.S. stock markets up in late-morning trading
By The Canadian Press on January 19th, 2024
TORONTO – Utilities and base metals pulled Canada’s main stock index down slightly in late-morning trading, but U.S. stock markets were up. The S&P/TSX composite index was down 21.80 points at 20,734.93. In New York, the Dow Jones industrial average was up 118.19 points at 37,586.80. The S&P 500 index was up 19.03 points at ... Read More »
Be the first to comment!Banking regulator increasing focus on money laundering as risks rise: Routledge
By The Canadian Press on January 19th, 2024
TORONTO – The head of Canada’s banking regulator says he’s ramping up scrutiny of money laundering in the financial sector as risks increase. Peter Routledge, who leads the Office of the Superintendent of Financial Institutions, says the intensity of money laundering risk is underappreciated and increasing in sophistication with artificial intelligence. Speaking at the TD ... Read More »
Be the first to comment!Bombardier wins court case against supplier Honeywell on engine costs
By The Canadian Press on January 19th, 2024
MONTREAL – A Quebec Superior Court judge says engine supplier Honeywell International Inc. must negotiate with Bombardier Inc. on the cost of the jet engines it rolls out for the Montreal-based plane maker. The decision from last month states that the U.S. manufacturer has an obligation to hold talks in good faith with Bombardier to ... Read More »
Be the first to comment!Fifty Ontario workers included in global layoff at home goods company Wayfair
By The Canadian Press on January 19th, 2024
TORONTO – Wayfair says about 50 Canadians are part of a layoff impacting 1,650 employees at the home goods company. Spokesperson Susan Frechette says the 50 Canadians are all in Ontario. They make up part of the 13 per cent reduction to Wayfair’s global workforce, which also includes cutting 19 per cent of corporate staff. ... Read More »
Be the first to comment!Japan space agency says its lunar spacecraft is on the moon, but is still ‘checking its status’
By Mari Yamaguchi, The Associated Press on January 19th, 2024
TOKYO (AP) – Japan’s space agency said early Saturday that its unmanned spacecraft is on the moon, but is still “checking its status.” More details will be given at a news conference that is expected shortly. The Smart Lander for Investigating Moon, or SLIM, came down onto the lunar surface at around 12:20 a.m. Tokyo ... Read More »
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