Air Canada halts flights to Israel until end of October
By The Canadian Press on October 13th, 2023
MONTREAL – Air Canada says it’s cancelling all direct flights to and from Tel Aviv through the end of the month. The suspension, which extends one in place since Oct. 8, comes after Hamas’s attack on Israel last weekend that sparked retaliatory airstrikes and fears the fighting could escalate into a regional war. Canada’s largest ... Read More »
Be the first to comment!Kaiser Permanente reaches a tentative deal with health care worker unions after a recent strike
By The Associated Press on October 13th, 2023
Unions representing 75,000 health care workers who recently held a strike against industry giant Kaiser Permanente over wages and staffing shortages have reached a tentative agreement with the company. The three-day strike last week involving 75,000 workers in multiple states officially ended last Saturday and workers returned to their jobs in Kaiser’s hospitals and clinics ... Read More »
Be the first to comment!Canadian Real Estate Association cuts forecast for home sales and prices this year
By The Canadian Press on October 13th, 2023
OTTAWA – The Canadian Real Estate Association is lowering its forecast for home sales and prices this year due to weakness in Ontario and B.C. The association says it expects some 449,614 residential properties to trade hands via Canadian MLS systems in 2023, a 9.8 per cent drop from 2022. Meanwhile, the national average home ... Read More »
Be the first to comment!Microsoft closes deal to buy Call of Duty maker Activision Blizzard after antitrust fights
By Kelvin Chan And Matt O'brien, The Associated Press on October 13th, 2023
NEW YORK (AP) – Microsoft has completed its acquisition of video game-maker Activision Blizzard for $69 billion, closing one of the most expensive tech acquisitions in history that could have repercussions across the video game industry. The notice that the deal has gone through came seven hours after Microsoft got final approval from Britain’s competition ... Read More »
Be the first to comment!Aimia to raise up to $32.5M in private place, names new directors and board chair
By The Canadian Press on October 13th, 2023
TORONTO – Aimia Inc. has signed a deal to raise up to $32.5 million in a private placement of shares and warrants that will be used to fund operations and support its strategic investment plans. The deal comes as the company faces an unsolicited takeover offer for the company by its largest shareholder. Mithaq Canada ... Read More »
Be the first to comment!JPMorgan profit jumps 35%, but CEO says geopolitics and gov’t inaction have led to ‘dangerous time’
By Ken Sweet, The Associated Press on October 13th, 2023
NEW YORK (AP) – JPMorgan Chase’s third quarter profit soared 35% from last year, fueled by a rapid rise in interest rates, but the bank’s CEO, Jamie Dimon, issued a sobering statement about the current state of world affairs and economic instability. “This may be the most dangerous time the world has seen in decades,” ... Read More »
Be the first to comment!Microsoft clears last hurdle to buying Call of Duty maker Activision in $69 billion deal
By Kelvin Chan, The Associated Press on October 13th, 2023
LONDON (AP) – Microsoft’s purchase of Call of Duty maker Activision Blizzard won final approval Friday from Britain’s competition watchdog, reversing its earlier decision to block the $69 billion gaming deal and removing the final obstacle for one of the largest tech transactions in history. The Xbox maker’s quest to acquire Activision – maker of ... Read More »
Be the first to comment!From high flying to burnout, pot industry faces downturn five years post-legalization
By Tara Deschamps, The Canadian Press on October 13th, 2023
When Abi Roach thinks about the 20 years she spent fighting for Canada to legalize cannabis, she says pot legislation is like a clenched fist. The analogy, which Roach first heard from a former Toronto councillor, represents the tight grip on the cannabis market that legislators held for centuries. It meant Roach had to exploit ... Read More »
Be the first to comment!Microsoft’s bid for Activision gets UK approval. It removes the last hurdle to the gaming deal
By Kelvin Chan, The Associated Press on October 13th, 2023
LONDON (AP) – Microsoft’s purchase of video game maker Activision Blizzard won final approval Friday from Britain’s competition watchdog, reversing its earlier decision to block the $69 billion deal and removing a last obstacle for one of the largest tech transactions in history. The Competition and Markets Authority’s blessing was expected after it gave preliminary ... Read More »
Be the first to comment!Insurer Intact Financial reports $611 million in catastrophe losses in third quarter
By The Canadian Press on October 12th, 2023
TORONTO – Intact Financial Corp. estimates its catastrophe losses for the second quarter were approximately $611 million on a pre-tax basis. The property and casualty insurer says in a news release that the losses amounted to $2.56 per share after tax. Intact says more than 90 per cent of the losses in its Canadian segment ... Read More »
Be the first to comment!‘Shock and grief’ now part of the job for tour companies amid Israel-Hamas war
By Christopher Reynolds, The Canadian Press on October 12th, 2023
MONTREAL – For Artzi Korostelev, the professional is now tragically personal. The executive vice-president of Toronto-based tour company Peerless Travel grew up in Israel and, like many of his 60-plus staff members, maintains deep links to family and friends in his home country. Fear and horror struck on the weekend after a brazen attack Hamas ... Read More »
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