Move to allow Canadian drugs to be imported by U.S. creates shortage fears
By Laura Osman, The Canadian Press on January 5th, 2024
OTTAWA – A major shift in United States pharmaceutical policy allowing for the importation of drugs from Canada is creating fears about future drug shortages in this country. The U.S. Food and Drug Administration announced plans Friday to allow Florida to import millions of dollars worth of pharmaceuticals from Canadian wholesalers as a way to ... Read More »
Be the first to comment!South Asian communities grapple with extortion threats in B.C., Ontario, Alberta
By Darryl Greer, The Canadian Press on January 5th, 2024
VANCOUVER – It started with a voice mail demanding payment of some kind, then a series of missed phone calls, later came the gun shots targeting the home of a Metro Vancouver business owner whose family and community are now gripped with fear. The businessman, who spoke on the condition of anonymity, said the original ... Read More »
Be the first to comment!F.D.A. move to allow Canadian drugs to be exported to U.S. creates shortage fears
By Laura Osman, The Canadian Press on January 5th, 2024
OTTAWA – A major shift in United States pharmaceutical policy allowing for the importation of drugs from Canada is creating fears about future drug shortages in this country. The U.S. Food and Drug Administration plans to allow Florida to import millions of dollars worth of pharmaceuticals from Canadian wholesalers as a way to avoid high ... Read More »
Be the first to comment!Consumer and business insolvencies continued to rise in November
By The Canadian Press on January 5th, 2024
Insolvencies in November were 5.1 per cent higher than in October, and 24.4 per cent higher than a year earlier. The Office of the Superintendent of Bankruptcy says consumer insolvencies were up 24 per cent in November compared with a year ago, while business insolvencies rose 36.8 per cent. The data, which takes into account ... Read More »
Be the first to comment!Red Sea attacks to have ripple effect on shippers — and consumers — in Canada
By The Canadian Press on January 5th, 2024
MONTREAL – Canadian shippers and consumers could soon be feeling the ripple effect of attacks on cargo vessels in the Red Sea. Shipping companies across the globe are turning away from the key trade corridor after Houthi militants in Yemen stepped up attacks on commercial boats in the region in protest against Israel’s military campaign ... Read More »
Be the first to comment!S&P/TSX composite up in Friday morning trading, U.S. stock markets also higher
By The Canadian Press on January 5th, 2024
TORONTO – Broad-based gains led Canada’s main stock index higher in late-morning trading on Friday, while U.S. stock markets also rose. The S&P/TSX composite index was up 81.89 points at 20,953,24. In New York, the Dow Jones industrial average was up 61.34 points at 37,501.68. The S&P 500 index was up 23.43 points at 4,712.11, ... Read More »
Be the first to comment!Let it snow: Ski industry to increasingly rely on artificial powder as climate warms
By Amanda Stephenson, The Canadian Press on January 5th, 2024
CALGARY – At Cypress Mountain ski resort, director of operations Jeremy Wentzel has been eagerly waiting for a chance to fire up the snow guns. The Vancouver ski destination has manufactured more than 81 acres of artificial snow for skiers and boarders to enjoy since opening for the season Dec. 7, but much of that ... Read More »
Be the first to comment!Stock market today: Wall Street drifts after report shows unexpected strength in jobs market
By Yuri Kageyama And Matt Ott, The Associated Press on January 5th, 2024
NEW YORK (AP) – Wall Street is holding relatively steady after a report showed a strong job market is still powering the economy, even if it may be a touch too strong. The S&P 500 was little changed early Friday and on track for its first losing week in the last 10. The Dow was ... Read More »
Be the first to comment!Global food prices declined from record highs in 2022, the UN says. Except for these two staples
By The Associated Press on January 5th, 2024
ROME (AP) – Global prices for food commodities like grain and vegetable oil fell last year from record highs in 2022, when Russia’s war in Ukraine, drought and other factors helped worsen hunger worldwide, the U.N. Food and Agriculture Organization said Friday. The FAO Food Price Index, which tracks monthly changes in the international prices ... Read More »
Be the first to comment!Precision Drilling meets debt reduction goal, on track to repay $500 million by 2025
By The Canadian Press on January 5th, 2024
CALGARY – Precision Drilling Corp. says its long-term debt reduction target is on track and it met its 2023 goal by shedding $152 million of debt. The Calgary-based energy services company ended the year with a cash balance of approximately $55 million and total liquidity of around $615 million. In an update posted Friday, Precision ... Read More »
Be the first to comment!Canada adds just 100 jobs in December as unemployment rate holds steady at 5.8%
By The Canadian Press on January 5th, 2024
OTTAWA – Statistics Canada says the total number of jobs in December was virtually unchanged for the month as the unemployment rate held steady at 5.8 per cent. The agency says the economy added a total of 100 jobs for the final month of the year. The result came as the number of full-time jobs ... Read More »
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