Warm weather wreaks havoc on some B.C. ski hills as lack of snow leaves trails barren
By Chuck Chiang, The Canadian Press on December 29th, 2023
VANCOUVER – British Columbia’s abnormally warm winter has left local ski resorts grappling with a lack of snow during the holiday tourism season, as resorts struggle to keep runs open. Fewer than half of Whistler Blackcomb’s trails are open, while Vancouver’s Mount Seymour is closed entirely while it waits for better conditions. Warmth related to ... Read More »
Be the first to comment!Banking changes to look out for in 2024
By Ian Bickis, The Canadian Press on December 29th, 2023
The federal government approved RBC’s $13.5-billion takeover of HSBC Canada in the waning days of 2023, despite concerns from critics that it will stifle competition. Banking customers will start to see next year how the acquisition, expected to close in the first quarter, shakes out. Here’s a look at some of the other changes expected ... Read More »
Be the first to comment!Electric pickup trucks are reliable, save environment: experts
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!Ottawa agrees climate adaptation saves money, but experts ask: where’s the funding?
By Brenna Owen, The Canadian Press on December 29th, 2023
Canada’s first-ever climate adaptation strategy was little more than six weeks old when fast-moving wildfires swept through communities in British Columbia’s southern Interior, forcing thousands to flee and destroying hundreds of homes. It was part of Canada’s record-breaking summer of fire – more than 19,000 Yellowknife residents were ordered to escape a threatening blaze, fire ... Read More »
Be the first to comment!S&P/TSX composite slips on oil, as interest rate questions loom large for 2024
By Christopher Reynolds, The Canadian Press on December 28th, 2023
Canada’s main stock index retreated slightly on Thursday after hitting a 20-month high the day before, while a pair of reports held back growth in U.S. markets as well as north of the border. The S&P/TSX composite index fell 86.53 points to close at 20,929.38. “Oil is down a lot today,” noted Jules Boudreau, a ... Read More »
Be the first to comment!S&P/TSX composite slips, U.S. markets largely flat
By The Canadian Press on December 28th, 2023
TORONTO – Canada’s main stock index retreated on Thursday amid losses in energy, financial and utilities, while U.S. indexes stayed fairly flat. The S&P/TSX composite index was down 86.53 points at 20,929.38. In New York, the Dow Jones industrial average increased 53.58 points to 37,710.10. The S&P 500 index nudged up by 1.77 points to ... Read More »
Be the first to comment!Canaccord sanctioned over trading supervision, fined $475,000
By The Canadian Press on December 28th, 2023
VANCOUVER – The Canadian Investment Regulatory Organization says it has accepted a settlement with sanctions against Canaccord Genuity Corp. related to trading supervision. The regulator says the Canaccord Genuity Group Inc. subsidiary admitted that from January 2017 to March 2021 it failed to comply with its risk management and controls obligations as they related to ... Read More »
Be the first to comment!Companies grew more confident about initial public offerings in 2023, raising recovery hopes
By Damian J. Troise, The Associated Press on December 28th, 2023
NEW YORK (AP) – The signs of life shown by the IPO market, especially in the second half of the year, are giving analysts hope that more companies will be enticed to go public in 2024. Overall, 108 initial public offerings raised proceeds of about $19.4 billion in 2023, according to Renaissance Capital. That’s up ... Read More »
Be the first to comment!S&P/TSX composite slips, U.S. markets tick up
By The Canadian Press on December 28th, 2023
TORONTO – Canada’s main stock index was down in late-morning trading on broad declines, while U.S. stock markets were up slightly. The S&P/TSX composite index was down 77.59 points at 20,938.32. In New York, the Dow Jones industrial average was up 47.53 points at 37,704.05. The S&P 500 index was up 6.38 points at 4,787.96, ... Read More »
Be the first to comment!Osisko Mining renews share buyback program
By The Canadian Press on December 28th, 2023
TORONTO – Osisko Mining Inc. says the Toronto Stock Exchange has approved its plans to renew its normal course share buyback program. Under the terms of the notice, Osisko could acquire up to about 36.5 million common shares through the program. The program runs between Jan. 1, 2024, and Jan. 1, 2025, with a daily ... Read More »
Be the first to comment!Stock market today: Stocks edge higher on Wall Street in muted trading
By Elaine Kurtenbach And Matt Ott, The Associated Press on December 28th, 2023
Stocks edged higher on Wall Street in what’s expected to be another quiet day between the Christmas and New Year holidays. The S&P 500 rose 0.2% in early trading Thursday. The Dow Jones Industrial Average rose 63 points, or 0.2% and the technology-heavy Nasdaq rose 0.1%. Markets have held on to slight gains for the ... Read More »
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