Bank of Ireland glitch allowed customers to withdraw money they didn’t have
By Wyatte Grantham-philips, The Associated Press on August 16th, 2023
NEW YORK (AP) – Some Bank of Ireland customers were able to withdraw money they did not have Tuesday and early Wednesday after an hours-long technical glitch that also halted many of the bank’s online services. The outage allowed some customers to transfer and withdraw funds “above their normal limits,” the Bank of Ireland said. ... Read More »
Be the first to comment!Quebec fund manger CDPQ earned 4.2% in first six months of 2023
By The Canadian Press on August 16th, 2023
MONTREAL – The Caisse de dépôt et placement du Québec says it earned a return of 4.2 per cent in the first six months of the year. CDPQ says the result compared with its benchmark portfolio’s return of 4.1 per cent. Net assets for the Quebec fund manager totalled $424 billion at June 30, up ... Read More »
Be the first to comment!Energy sector helps boost S&P/TSX composite, U.S. stock markets mixed
By The Canadian Press on August 16th, 2023
TORONTO – Strength in the energy sector helped lead Canada’s main stock index higher in late-morning trading after falling nearly 400 points on Tuesday on broad-based weakness. The S&P/TSX composite index was up 44.14 points at 19,943.93. In New York, the Dow Jones industrial average was up 102.85 points at 35,049.24. The S&P 500 index ... Read More »
Be the first to comment!Target Q2 sales ebb on inflation, Pride shopper backlash and it cuts profit outlook
By Anne D'innocenzio, The Associated Press on August 16th, 2023
NEW YORK (AP) – Target’s second quarter sales were hit by inflation and a negative reaction by some customers, widely publicized on social media, to its Pride merchandise. The Minneapolis retailer expects high interest rates, which makes credit cards more expensive to use, and higher prices on food to continue to put a strain on ... Read More »
Be the first to comment!Wholesale sales excluding petroleum products and oilseeds and grains down in June
By The Canadian Press on August 16th, 2023
OTTAWA – Statistics Canada says wholesale sales, excluding petroleum, petroleum products and other hydrocarbons and excluding oilseed and grains, fell 2.8 per cent to $80.5 billion in June. The agency says a drop in the miscellaneous subsector led the decline in June as it fell 7.3 per cent to $10.3 billion, weighed down by a ... Read More »
Be the first to comment!CMHC says annual pace of housing starts fell 10% in July
By The Canadian Press on August 16th, 2023
OTTAWA – Canada Mortgage and Housing Corp. says the annual pace of housing starts in July fell 10 per cent compared with June when they posted their strongest showing so far this year. The national housing agency says the seasonally adjusted annual rate of housing starts in July came in at 254,966 units compared with ... Read More »
Be the first to comment!D-Box Technologies launches strategic alternatives review
By The Canadian Press on August 16th, 2023
MONTREAL – D-Box Technologies Inc. says it has launched a review of strategic alternatives. The company, which makes movie theatre seats that move audience members with the action on the screen, says it has held talks in the last few months with a number of parties. A strategic review by a company is often a ... Read More »
Be the first to comment!NFI Group reports US$48.1M Q2 loss, ramping up production in second half of the year
By The Canadian Press on August 16th, 2023
WINNIPEG – NFI Group Inc. reported a loss of US$48.1 million in its latest quarter compared with a loss of US$56.0 million in the same quarter last year as it looks to ramp up production in the second half of the year. NFI chief executive Paul Soubry says the company expects some temporary inefficiencies as ... Read More »
Be the first to comment!Occidental signs deal to buy Carbon Engineering for US$1.1 billion
By The Canadian Press on August 16th, 2023
HOUSTON – Occidental Petroleum Corp. has signed a deal to buy Canadian company Carbon Engineering Ltd. for US$1.1 billion. The company has been working with Carbon Engineering on its direct air capture technology, which is used to capture carbon dioxide from the atmosphere. Occidental announced last week that it was selected to receive a U.S. ... Read More »
Be the first to comment!Housing crisis: Feds stick by immigration plan, rethink international student flows
By Nojoud Al Mallees, The Canadian Press on August 16th, 2023
OTTAWA – The alarm bells are becoming bull horns: Canada’s housing supply isn’t keeping up with the rapid rate of population growth. Academics, commercial banks and policy thinkers have all been warning the federal government that the pace of population growth, facilitated by immigration, is making the housing crisis worse. “The primary cause for (the) ... Read More »
Be the first to comment!Metro says union refused request to meet amid ongoing grocery strike in the GTA
By The Canadian Press on August 15th, 2023
TORONTO – Amid an ongoing strike by Metro workers in Toronto, the grocery giant says Unifor refused its request to meet with the bargaining committee. Metro Inc. spokeswoman Marie-Claude Bacon says in a statement that Metro’s bargaining committee reached out to Unifor over the weekend and offered to meet as soon as Sunday or Monday. ... Read More »
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