Thomson Reuters makes bid for e-invoicing firm Pagero, tops offer by Vertex
By The Canadian Press on January 11th, 2024
TORONTO – Thomson Reuters Corp. is offering to buy Swedish company Pagero Group in a deal worth about $838 million, topping a bid for the e-invoicing firm by Vertex Inc. The company says it’s offering 40 Swedish kronor in cash per Pagero share or a total of about 6.4 billion kronor. Thomson Reuters says the ... Read More »
Be the first to comment!Cogeco Q1 profit down from year earlier, revenue also edged lower
By The Canadian Press on January 11th, 2024
MONTREAL – Cogeco Inc. reported its first-quarter profit fell compared with a year earlier as its revenue also edged lower. The company reported a profit attributable to owners of the corporation of $34.5 million or $2.21 per diluted share for the quarter ended Nov. 30. The result was down from a profit of $42.1 million ... Read More »
Be the first to comment!Government was warned two years ago high immigration could affect housing costs
By Nojoud Al Mallees, The Canadian Press on January 11th, 2024
OTTAWA – Federal public servants warned the government two years ago that large increases to immigration could affect housing affordability and services, internal documents show. Documents obtained by The Canadian Press through an access-to-information request show Immigration, Refugees and Citizenship Canada analyzed the potential effects immigration would have on the economy, housing and services, as ... Read More »
Be the first to comment!Tanker in Gulf of Oman boarded by men in military uniforms in apparent seizure in Mideast waters
By Jon Gambrell, The Associated Press on January 11th, 2024
DUBAI, United Arab Emirates (AP) – An oil tanker once at the center of a crisis between Iran and the United States was boarded in the Gulf of Oman by “unauthorized” people in military uniforms early on Thursday morning, an advisory group run by the British military and a private intelligence firm warned. Details remained ... Read More »
Be the first to comment!Tanker in Gulf of Oman boarded by men in military uniforms in apparent seizure in Mideast water
By Jon Gambrell, The Associated Press on January 11th, 2024
DUBAI, United Arab Emirates (AP) – An oil tanker in the Gulf of Oman was boarded by “unauthorized” people in military uniforms early on Thursday morning, an advisory group run by the British military and a private intelligence firm warned. Details remained unclear in what was apparently the latest seizure of a vessel in the ... Read More »
Be the first to comment!Tanker in Gulf of Oman boarded by ‘unauthorized’ people as tensions high across Mideast waterways
By Jon Gambrell, The Associated Press on January 11th, 2024
DUBAI, United Arab Emirates (AP) – An oil tanker in the Gulf of Oman was boarded by “unauthorized” people in military uniforms early on Thursday morning, an advisory group run by the British military and a private intelligence firm warned. Details over the incident remained unclear. The British military’s United Kingdom Maritime Trade Operations, which ... Read More »
Be the first to comment!Aritzia looking to new stores to boost business as it reports Q3 net income drop
By Tara Deschamps, The Canadian Press on January 10th, 2024
Executives at Aritzia Inc. are leaning on a slew of new and upcoming stores to help boost business in its upcoming fiscal year. “Our new stores are our most consistent growth driver, historically delivering predictable revenue growth and propelling our brand,” Todd Ingledew, chief financial officer of the Vancouver-based retailer, said on a Wednesday call ... Read More »
Be the first to comment!Regulators approve new bitcoin funds in move that could spur more investment in the digital currency
By Ken Sweet, The Associated Press on January 10th, 2024
NEW YORK (AP) – The Securities and Exchange Commission reluctantly approved trading of the first bitcoin exchange-traded funds Wednesday, saying it is still deeply skeptical about cryptocurrencies and that the agency “did not approve or endorse bitcoin” in its decision. An exchange traded fund, or ETF, is an easy way to invest in something or ... Read More »
Be the first to comment!TSX ekes out gain Wednesday, U.S. stocks also gain ahead of inflation data
By Rosa Saba, The Canadian Press on January 10th, 2024
TORONTO – Canada’s main stock index eked out a gain Wednesday, weighed down by weakness in energy and metals, while U.S. markets rose ahead of the much-anticipated inflation data coming Thursday, and the start to earnings season on Friday. Investors appeared broadly optimistic ahead of the inflation release, said Michael Currie, senior investment adviser at ... Read More »
Be the first to comment!Aritzia saw its Q3 net income drop, sales rise as chain offered higher markdowns
By The Canadian Press on January 10th, 2024
VANCOUVER – Aritzia Inc. reported its net income dropped by roughly 39 per cent to $43.1 million in its most recent quarter but its net revenue edged up by almost five per cent. The Vancouver-based apparel retailer says its third-quarter results compared with a net income of $70.7 million a year prior. Net income for ... Read More »
Be the first to comment!S&P/TSX composite ekes out gain Wednesday, U.S. stock markets also rise
By The Canadian Press on January 10th, 2024
TORONTO – Canada’s main stock index eked out a gain Wednesday, weighed down by weakness in energy and metals, while U.S. markets rose. The S&P/TSX composite index closed up 18.44 points at 20,989.42. In New York, the Dow Jones industrial average was up 170.57 points at 37,695.73. The S&P 500 index was up 26.95 points ... Read More »
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