S&P/TSX composite up slightly Friday morning; U.S. markets mixed
By The Canadian Press on November 24th, 2023
TORONTO – Gains in the financial and energy sectors helped lift Canada’s main stock index in late-morning trading, while U.S. stock markets were mixed after they had yesterday off for the thanksgiving holiday. The S&P/TSX composite index was up slightly by 9.52 points at 20,126.18. In New York, the Dow Jones industrial average was up ... Read More »
Be the first to comment!Rogers Sugar asks for mediation to help bring end to refinery strike
By The Canadian Press on November 24th, 2023
VANCOUVER – Rogers Sugar Inc. says it has asked for mediation to help bring an end to an eight-week long strike at its Vancouver refinery. The company says it has applied to the British Columbia Labour Relations Board for mediation to help it reach a new collective agreement with the 138 workers who have been ... Read More »
Be the first to comment!Oil and gas well drilling to pick up in 2024: Forecast
By The Canadian Press on November 24th, 2023
CALGARY – Canada’s oil and gas well drilling sector says it expects modest growth in 2024. The Canadian Association of Energy Contractors (CAOEC) says it expects 6,229 wells to be drilled in Western Canada next year. That’s an 8.3 per cent increase from the 5,748 wells drilled in 2023. The industry group says most of ... Read More »
Be the first to comment!Aerospace firms push back against Bombardier, tout upsides of a Boeing military deal
By The Canadian Press on November 24th, 2023
MONTREAL – Canadian aerospace companies are pushing back against the idea that a Bombardier Inc. contract win to replace aging military patrol planes would be best for the sector, saying that a deal between Ottawa and front-runner Boeing Co. could be at least as lucrative. Bombardier has been demanding the federal government allow for open ... Read More »
Be the first to comment!Mastermind Toys obtains creditor protection, wants permission to close some stores
By The Canadian Press on November 24th, 2023
TORONTO – Mastermind Toys says it has obtained an initial order for creditor protection from the Ontario Superior Court of Justice as it continues to cope with financial challenges and a slowing economy. The independent specialty toy and children’s book retailer says all 66 of its stores across Canada remain open for business and all ... Read More »
Be the first to comment!Ng says panel rules ‘clearly in favour of Canada’ in dairy imports dispute with U.S.
By James McCarten, The Canadian Press on November 24th, 2023
WASHINGTON – The federal government is cheering a big win in its ongoing dispute with the U.S. over access to Canada’s dairy market. A settlement panel has rejected complaints from the U.S. Trade Representative’s office over how Canada is allocating its dairy import quotas. It’s the second dispute resolution panel in three years to explore ... Read More »
Be the first to comment!Statistics Canada says retail sales increase 0.6% to $$66.5 billion in September
By The Canadian Press on November 24th, 2023
OTTAWA – Statistics Canada says retail sales rose 0.6 per cent to $66.5 billion in September led by increases at motor vehicle and parts dealers. The agency also says its early estimates suggest retail sales increased 0.8 per cent in October, though it cautioned the estimates would be revised. For September, sales at motor vehicle ... Read More »
Be the first to comment!Inflation, longer sales season to weigh on shopping habits this Black Friday
By Tara Deschamps, The Canadian Press on November 24th, 2023
TORONTO – As scores of shoppers pack local malls to hunt for Black Friday deals, Dianne Debarros will be on the lookout for discounted toys and laptops her kids will soon need for school. The Sarnia, Ont., woman has already started her Christmas shopping but wants to supplement her purchases on a trip to Real ... Read More »
Be the first to comment!Richmond, B.C., man faces multiple charges in $10M cryptocurrency home invasion theft
By The Canadian Press on November 23rd, 2023
RICHMOND, B.C. – Police in Richmond, B.C., say multiple charges have been laid against a 34-year-old man allegedly involved in a September 2022 home invasion where thieves made off with $10 million in cryptocurrency. Richmond RCMP say the “lengthy and complex investigation” began after thieves impersonating police officers broke into a home and tied up ... Read More »
Be the first to comment!S&P/TSX composite ekes out gain ahead of Black Friday, U.S. stock markets closed
By Rosa Saba, The Canadian Press on November 23rd, 2023
TORONTO – Canada’s main stock index edged higher on Wednesday, helped by energy and industrial stocks. The S&P/TSX composite index closed up 2.70 points at 20,116.66, while U.S. stock markets were closed for their Thanksgiving holiday. Markets in the U.S. and Canada have made a “significant recovery” so far in November from October, said Brianne ... Read More »
Be the first to comment!S&P/TSX composite ekes out gain Wednesday, U.S. stock markets closed
By The Canadian Press on November 23rd, 2023
TORONTO – Canada’s main stock index edged higher on Wednesday, helped by energy and industrial stocks. The S&P/TSX composite index closed up 2.70 points at 20,116.66. U.S. stock markets are closed for their Thanksgiving holiday. The Canadian dollar traded for 73.00 cents US compared with 72.87 cents US on Wednesday. The January crude contract was ... Read More »
Be the first to comment!
