AI skills in demand as companies develop 2024 hiring plans for Canada
By Tara Deschamps, The Canadian Press on January 10th, 2024
TORONTO – When Canadian companies turn to hiring this year, candidates will need to show skill in a key area: artificial intelligence. Members of the country’s tech community say finding staff who can develop AI-based products or use them to drive efficiencies is a priority as the global race to take advantage of AI deepens. ... Read More »
Be the first to comment!SEC chair denies a bitcoin ETF has been approved, says account on X was hacked
By Ken Sweet, The Associated Press on January 9th, 2024
NEW YORK (AP) – The Securities and Exchange Commission said Tuesday that a post sent from the agency’s account on the social platform X announcing the approval of a long-awaited bitcoin exchange-traded fund was “unauthorized,” and that the agency’s account was hacked. The price of bitcoin briefly spiked more than $1,000 after the post on ... Read More »
Be the first to comment!SEC chair denies a bitcoin ETF has been approved, says account on X was ‘compromised’
By Ken Sweet, The Associated Press on January 9th, 2024
NEW YORK (AP) – The Securities and Exchange Commission said Tuesday that a post on the agency’s account on X announcing that the securities regulator had approved the trading of exchange-traded funds holding bitcoin was “unauthorized,” and that the agency’s account had been “compromised.” The initial announcement brought a brief moment of joy to cryptocurrency ... Read More »
Be the first to comment!West Fraser to close one sawmill, curtail another due to high costs and soft markets
By The Canadian Press on January 9th, 2024
VANCOUVER – West Fraser Timber Co. says it’s closing one U.S. sawmill and indefinitely curtailing another because of high fibre costs and soft lumber markets. The Vancouver-based company says it’s closing its Maxville, Florida, sawmill and indefinitely curtailing operations at its Huttig, Arkansas, sawmill by the end of the month. West Fraser says the closure ... Read More »
Be the first to comment!S&P/TSX moves down more than 100 points, led by financials; U.S. markets mixed
By The Canadian Press on January 9th, 2024
TORONTO – Weakness in financial stocks Tuesday weighed on Canada’s main stock index, which lost more than 100 points, while U.S. markets were mixed. The S&P/TSX composite index closed down 103.93 points at 20,970.98. In New York, the Dow Jones industrial average was down 157.85 points at 37,525.16.The S&P 500 index was down 7.04 points ... Read More »
Be the first to comment!Tilray looks to pour resources into revitalizing alcohol brands
By Tara Deschamps, The Canadian Press on January 9th, 2024
The head of Tilray Brands Inc. says he’s aiming to make the pot company a top beverage firm, in part by pouring resources into revitalizing a number of alcohol brands his business recently bought from Anheuser-Busch Cos. “These brands have not had innovation done with them in the last couple of years, so I feel ... Read More »
Be the first to comment!Canada Post selling third-party logistics business SCI Group to Metro Supply Chain
By The Canadian Press on January 9th, 2024
OTTAWA – Canada Post Corp. has signed a deal to sell SCI Group Inc., its third-party logistics business, to Metro Supply Chain Inc. Financial terms of the agreement were not immediately available. Montreal-based Metro Supply Chain calls the deal a transformational acquisition that will strengthen its position in strategic contract logistics services. SCI has more ... Read More »
Be the first to comment!More delays for NASA’s astronaut moonshots, with crew landing off for another few years
By Marcia Dunn, The Associated Press on January 9th, 2024
CAPE CANAVERAL, Fla. (AP) – Astronauts will have to wait until next year before flying to the moon and another few years before landing on it, under the latest round of delays announced by NASA on Tuesday. The space agency had planned to send four astronauts around the moon late this year, but pushed the ... Read More »
Be the first to comment!Bank CEOs expect further loan loss provisions and pressure on lending in 2024
By Ian Bickis, The Canadian Press on January 9th, 2024
TORONTO – Canadian bank CEOs say high interest rates are delaying business andconsumer spending decisions and will likely lead to more provisions for bad loans this year, but that borrowers overall should manage well. RBC chief executive Dave McKay, speaking at the RBC Capital Markets Canadian Bank CEO Conference on Tuesday, said he expects to ... Read More »
Be the first to comment!Browning West requests shareholders meeting to replace majority of Gildan board
By The Canadian Press on January 9th, 2024
MONTREAL – U.S. investment firm Browning West has requested a special meeting of Gildan Activewear Inc. shareholders to replace a majority of the company’s directors and reinstate Glenn Chamandy as chief executive. The firm, which owns a five per cent stake in Gildan, wants to replace eight of the company’s 11 board members including chair ... Read More »
Be the first to comment!Fuel leak forces US company to abandon moon landing attempt
By Marcia Dunn, The Associated Press on January 9th, 2024
CAPE CANAVERAL, Fla. (AP) – A crippling fuel leak forced a U.S. company on Tuesday to give up on landing a spacecraft on the moon. Astrobotic Technology’s lander began losing fuel soon after Monday’s launch. The spacecraft also encountered problems keeping its solar panel pointed towards the sun and generating solar power. “Given the propellant ... Read More »
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