Stock market today: Wall Street drifts in early trading ahead of Fed announcement on rates
By Elaine Kurtenbach And Matt Ott, The Associated Press on November 1st, 2023
NEW YORK (AP) – Stocks are drifting as Wall Street waits to hear what will come out of the Federal Reserve’s latest announcement on interest rates. The S&P 500 was up 0.1% early Wednesday, coming off its third straight losing month largely because of higher yields in the bond market. The Dow was little changed, ... Read More »
Be the first to comment!Thomson Reuters planning to invest more than US$100 million a year in generative AI
By The Canadian Press on November 1st, 2023
TORONTO – Thomson Reuters Corp. announced plans to invest more than US$100 million a year in generative artificial intelligence. The company said Wednesday it is building AI-powered capabilities for its products including a tool for its Westlaw Precision service that will launch Nov. 15 for customers in the United States. “AI will revolutionize and transform ... Read More »
Be the first to comment!Luxury parka maker Canada Goose lowers financial guidance for full year
By The Canadian Press on November 1st, 2023
TORONTO – Canada Goose Holdings Inc. cut its financial guidance for its full year as it reported a second-quarter profit attributable to shareholders of $3.9 million, up from $3.3 million a year earlier. The luxury parka maker says it now expects total revenue for its 2024 financial year between $1.2 billion and $1.4 billion, compared ... Read More »
Be the first to comment!Thomson Reuters reports Q3 profit rises to US$367M, revenue edges higher
By The Canadian Press on November 1st, 2023
TORONTO – Thomson Reuters Corp. reported a third-quarter profit of US$367 million, up from US$228 million in the same quarter last year. The company, which keeps its books in U.S. dollars, says the profit amounted to 80 cents per diluted share for the quarter ended Sept. 30. The result compared with a profit of 47 ... Read More »
Be the first to comment!B.C.-based Helijet orders first electric vertical-takeoff aircraft
By The Canadian Press on October 31st, 2023
VICTORIA – A British Columbia helicopter airline says it’s placed Canada’s first order for an electric vertical-takeoff aircraft to add to its passenger and cargo fleet. Helijet International president Danny Sitnam says the ALIA aircraft built by Vermont-based BETA Technologies will allow quicker, quieter and more efficient landings and takeoffs from hospitals and other emergency ... Read More »
Be the first to comment!One man recovering, 16 containers retrieved in Iqaluit port following fall
By The Canadian Press on October 31st, 2023
IQALUIT, Nunavut – A shipping company serving the Far North says an employee is recovering in an Ottawa hospital after he and almost two dozen containers fell into the water near Nunavut’s capital on Friday. A spokesperson for NEAS Arctic Sealift, based in Montreal, says a worker lost his footing, fell into an Iqaluit shipping ... Read More »
Be the first to comment!Centerra Gold sees earnings rise in third quarter, bringing in US$60.6 million
By The Canadian Press on October 31st, 2023
TORONTO – Centerra Gold Inc. says it earned US$60.6 million in the third quarter, up from a loss of $33.9 million a year earlier. The Toronto-based company says revenues for the quarter ended Sept. 30 were US$343.9 million, up from US$179 million during the same quarter last year. Earnings from mine operations rose to US$114.6 ... Read More »
Be the first to comment!First Quantum shares continue to slide after Panama promises referendum
By The Canadian Press on October 31st, 2023
VANCOUVER – Shares in First Quantum Minerals Ltd. continued to slide Tuesday as uncertainty clouds the fate of its Cobre Panama mine. Over the weekend, Panama’s government promised to hold a referendum on whether a deal with First Quantum over the mine should be scrapped. Citizens in Panama have been protesting the long-term mining concession ... Read More »
Be the first to comment!North Carolina’s top elevator official says he’ll no longer include his portrait in every lift
By The Associated Press on October 31st, 2023
RALEIGH, N.C. (AP) – After slapping their mug inside every elevator in the state, an elected North Carolina regulator will go back to being faceless. Labor Commissioner Josh Dobson’s face stares at many elevator riders in the state, following a predecessor who started the practice in the mid-2000s of placing her photo on inspection certificates. ... Read More »
Be the first to comment!TSK ekes out gain after August GDP report, U.S. markets rise ahead of rate decision
By Rosa Saba, The Canadian Press on October 31st, 2023
TORONTO – Canada’s main stock index eked out a small gain on Tuesday despite weakness in metals and utilities stocks, while U.S. markets rose the day before the central bank is set to make a decision on interest rates. The S&P/TSX composite index closed up 16.71 points at 18,873.47. In New York, the Dow Jones ... Read More »
Be the first to comment!S&P/TSX composite edges higher Tuesday, U.S. stock markets also rise
By The Canadian Press on October 31st, 2023
TORONTO – Canada’s main stock index eked out a small gain on Tuesday despite weakness in metals and utilities stocks, while U.S. markets also rose. The S&P/TSX composite index closed up 16.71 points at 18,873.47. In New York, the Dow Jones industrial average was up 123.91 points at 33,052.87. The S&P 500 index was up ... Read More »
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