Stock market today: Stocks end 2023 up 20% for the year as resilient economy energizes investors
By Damian J. Troise, The Associated Press on December 29th, 2023
NEW YORK (AP) – Stocks slipped on the final trading day of the year, which nonetheless boasted surprisingly robust gains for Wall Street. The benchmark S&P 500 index inched lower Friday but ended 2023 with a 24.2% gain for the year. The Dow Jones Industrial Average rose more than 13% this year. The Nasdaq soared ... Read More »
Be the first to comment!St-Onge wants CBC role redefined before next election, possible change of government
By Mickey Djuric, The Canadian Press on December 29th, 2023
OTTAWA – The role of the public broadcaster should be redefined before the next federal election, Heritage Minister Pascale St-Onge says, as the Liberals hedge against a possible change in government. In a year-end interview with The Canadian Press, St-Onge said now’s the time for her Liberal government to begin working with Canadians and experts ... Read More »
Be the first to comment!Pocketbook concerns and even conflict abroad weigh on New Year’s Eve spending plans
By The Canadian Press on December 29th, 2023
MONTREAL – With Christmas and Boxing Day in the rear-view mirror, consumers have one event left to take stock of how much they’re willing to spend: New Year’s Eve. A Deloitte Canada study in October found that average household spending would fall 11 per cent year over year during the holidays due to persistent financial ... Read More »
Be the first to comment!St-Onge wants CBC’s role redefined before next election, withstand government change
By The Canadian Press on December 29th, 2023
OTTAWA – Heritage Minister Pascale St-Onge says she wants the role of the public broadcaster redefined before the next federal election. St-Onge says in a year-end interview with The Canadian Press that the time is now to update CBC/Radio-Canada’s mandate, to hedge against a possible change in government. She says the Liberal government believes a ... Read More »
Be the first to comment!Amid push for EV adoption, pickup trucks are the next frontier
By Ritika Dubey, The Canadian Press on December 29th, 2023
Michael Laroche replaced his Ford F-150 pickup truck with its electric twin, the F-150 Lightning, about a year-and-a-half ago. A Sherbrooke, Que., resident who installs electric vehicle chargers for a living, Laroche says he drives somewhere between 300 and 400 kilometres a day, three to four times a week. After he replaced the combustion-engine pickup ... Read More »
Be the first to comment!Stock market today: Stocks slip on the final trading day of a surprisingly good year on Wall Street
By Damian J. Troise, The Associated Press on December 29th, 2023
NEW YORK (AP) – Stocks edged lower on the final day of trading for 2023 in what has been a surprisingly strong year of gains on Wall Street. Yet the so-called Magnificent 7 companies – Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta Platforms and Tesla – accounted for about two-thirds of the gains in the S&P ... Read More »
Be the first to comment!Boeing asks airlines to inspect 737 Max jets for potential loose bolt
By Wyatte Grantham-philips, The Associated Press on December 29th, 2023
Boeing is asking airlines to inspect its 737 Max jets for a potential loose bolt in the rudder control system, the airplane maker and Federal Aviation Administration confirmed this week. The FAA said it would be “closely monitoring” the targeted inspections. The agency said Thursday that Boeing issued its inspection guidance to airlines after an ... Read More »
Be the first to comment!Loblaw, George Weston enter automatic share buyback plans
By The Canadian Press on December 29th, 2023
BRAMPTON, Ont. – Loblaw Cos. Ltd. and parent company George Weston Ltd. say they have both entered into automatic share purchase plans with brokers. The plans will allow the grocer’s broker to buy back shares at times when Loblaw and George Weston would not be active because of insider trading rules and internal trading blackout ... Read More »
Be the first to comment!S&P/TSX composite lower ahead of new year, U.S. markets also fall
By The Canadian Press on December 29th, 2023
TORONTO – Losses in the battery metal and base metal sectors helped lead Canada’s main stock index lower in late-morning trading, while U.S. stock markets were also lower. The S&P/TSX composite index was down 56.94 points at 20,872.44. In New York, the Dow Jones industrial average was down 72.54 points at 37,637.56. The S&P 500 ... Read More »
Be the first to comment!Stock market today: Stocks drift on the final trading day of a surprisingly good year on Wall Street
By Associated Press, The Associated Press on December 29th, 2023
NEW YORK (AP) – Stocks are drifting on the final trading day of a year of surprisingly robust gains for Wall Street. The benchmark S&P 500 index is sitting just below the all-time high Friday and is up 24.6% for the year. The Dow Jones Industrial Average hit another record Thursday and is up more ... Read More »
Be the first to comment!Federal Liberals will announce ‘renewed’ housing plan in 2024, minister says
By Nojoud Al Mallees, The Canadian Press on December 29th, 2023
OTTAWA – Housing Minister Sean Fraser says Canadians can expect to see a full plan from the federal government in 2024 that lays out how it will tackle the housing crisis. “We’re working to develop a plan that will pull together the measures we’ve announced and the next measures we will announce into a single ... Read More »
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