New Mexico, the No. 2 oil-producing US state, braces for possible end to income bonanza
By Morgan Lee, The Associated Press on December 11th, 2023
SANTA FE, N.M. (AP) – A windfall in government income from petroleum production is slowing down but far from over in New Mexico as the nation’s No. 2 oil-producing state grapples with how much it can effectively spend – and how to set aside billions of dollars for the future in case the world’s thirst ... Read More »
Be the first to comment!All grocers need to sign code of conduct for it to be successful, Metro CEO tells MPs
By Rosa Saba, The Canadian Press on December 11th, 2023
All major industry players need to sign on to the grocery code of conduct in order for it to be successful, said Metro Inc. president and CEO Eric La Flèche. La Flèche told MPs at a House of Commons agriculture committee meeting on stabilizing food prices that Metro is willing to sign the code as ... Read More »
Be the first to comment!Rogers selling all its Cogeco shares to Caisse de dépôt et placement du Québec
By The Canadian Press on December 11th, 2023
TORONTO – Rogers Communications Inc. says it is selling all of its shares in Cogeco Inc. to Caisse de dépôt et placement du Québec for $829 million in a move to reduce its debt leverage ratio. The Toronto-based telecommunications company says it is now six months ahead of its deleveraging plans and expects to achieve ... Read More »
Be the first to comment!S&P/TSX composite down slightly as energy stocks slide, U.S. stock markets rise
By Ian Bickis, The Canadian Press on December 11th, 2023
TORONTO – Canada’s main stock index closed slightly lower Monday as losses in resource stocks offset gains in financials, while U.S. stock markets rose. The S&P/TSX composite index closed down 13.18 points at 20,318.36. “We’ve got this dichotomy playing out on the TSX where financials are doing well today … and then you have energy,” ... Read More »
Be the first to comment!All grocers need to sign code of conduct if it is to succeed, Metro CEO tells MPs
By Rosa Saba, The Canadian Press on December 11th, 2023
All major industry players need to sign on to the grocery code of conduct in order for it to be successful, said Metro Inc. president and CEO Eric La Flèche. La Flèche told MPs at a House of Commons agriculture committee meeting on stabilizing food prices that Metro is willing to sign the code of ... Read More »
Be the first to comment!Creditors approve Metroland restructuring proposal following announced job cuts
By The Canadian Press on December 11th, 2023
TORONTO – Creditors of Metroland Media Group have voted to approve the company’s restructuring proposal after the newspaper chain announced cuts to 60 per cent of its workforce earlier this year. Spokesman Bob Hepburn says the proposal, which was approved Monday, reflects input from stakeholders, including better protections for former employees. In September, Metroland announced ... Read More »
Be the first to comment!S&P/TSX composite down slightly, U.S. stock markets rise
By The Canadian Press on December 11th, 2023
TORONTO – Canada’s main stock index closed slightly lower Monday as losses in resource stocks offset gains in financials, while U.S. stock markets rose. The S&P/TSX composite index closed down 13.18 points at 20,318.36. In New York, the Dow Jones industrial average ended up 157.06 points at 36,404.93. The S&P 500 index was up 18.07 ... Read More »
Be the first to comment!All grocers need to sign code of conduct, Metro CEO tells agriculture committee
By The Canadian Press on December 11th, 2023
OTTAWA – Metro Inc. president and CEO Eric La Flèche says all major industry players need to sign on to the grocery code of conduct in order for it to be successful. La Flèche told MPs at a House of Commons agriculture committee meeting on stabilizing food prices that Metro is willing to sign the ... Read More »
Be the first to comment!Stock market today: Wall Street ends higher ahead of the final Federal Reserve meeting of the year
By Damian J. Troise And Alex Veiga, The Associated Press on December 11th, 2023
NEW YORK – Stocks closed higher on Wall Street ahead of the Federal Reserve’s last meeting of the year. The S&P 500 rose 0.4% Monday. The Nasdaq composite rose 0.2% and the Dow Jones Industrial Average added 0.4%. Macy’s soared 19% following reports that an investor group is launching a bid to take the storied ... Read More »
Be the first to comment!Coastal GasLink seeking $1.2B from contractor; alleges poor performance
By The Canadian Press on December 11th, 2023
CALGARY – The company behind the Coastal GasLink pipeline is pursuing $1.2 billion in cost recoveries from one of its contractors. TC Energy Corp. terminated a contract with Pacific Atlantic Pipeline Construction last year, alleging poor performance. The company was one of the main contractors involved in the building of Coastal GasLink. The 670-kilometre pipeline ... Read More »
Be the first to comment!Donald Tusk becomes Poland’s prime minister with the mission of improving European Union ties
By Vanessa Gera, The Associated Press on December 11th, 2023
WARSAW, Poland (AP) – Donald Tusk, a leader of a centrist party, returned as Poland’s prime minister for the first time in nearly a decade after a vote in parliament on Monday, paving the way for a new pro-European Union government following eight years of stormy national conservative rule. Tusk, a former EU leader who ... Read More »
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