NS Power outlines tree-cutting plan to help reduce hurricane-caused outages
By Michael Tutton, The Canadian Press on August 9th, 2023
HALIFAX – Nova Scotia’s electric utility says its plans to nearly double its tree-trimming budget should improve reliability in electrical service when the next hurricane strikes. The added funds will reduce the probability of damage to power lines when massive gusts take down trees and branches, Matt Drover, director of energy delivery at Nova Scotia ... Read More »
Be the first to comment!Stock market today: Wall Street ends lower ahead of inflation report
By Stan Choe, The Associated Press on August 9th, 2023
NEW YORK (AP) – Stocks closed lower as Wall Street waited for a highly anticipated report on inflation that’s arriving the following day. The S&P 500 lost 0.7% Wednesday, and has now dropped six of the last seven days. The Dow lost 191 points, or 0.5%, after flipping between gains and losses through the day. ... Read More »
Be the first to comment!Biden is about to sign an order restricting U.S. investments in Chinese technology
By Josh Boak, The Associated Press on August 9th, 2023
WASHINGTON (AP) – In a sign of growing strains between the world’s two biggest powers, President Joe Biden planned to sign an executive order Wednesday that would block and regulate high-tech U.S.-based investments going toward China. It will cover advanced computer chips, micro electronics, quantum information technologies and artificial intelligence. Senior administration officials said that ... Read More »
Be the first to comment!Metro sees profits jump on sales growth as striking workers push for wage gains
By The Canadian Press on August 9th, 2023
MONTREAL – Metro Inc. said Wednesday that its earnings surged in its latest results, fuelled by higher same-store sales and a favourable tax ruling, as the company faces calls from striking workers to share more of those gains. In the quarter ended July 1, the grocery and drugstore retailer said net earnings skyrocketed 26 per ... Read More »
Be the first to comment!NS Power outlines tree cutting plan to help reduce hurricane-caused outages
By The Canadian Press on August 9th, 2023
HALIFAX – Nova Scotia’s electric utility says plans to nearly double its tree trimming budget should improve reliability in electrical service when the next hurricane strikes. Matt Drover, director of energy delivery at Nova Scotia Power, told a news conference the added funds will reduce the probability of trees falling into power lines. Trevor Beaton, ... Read More »
Be the first to comment!Used vehicle prices moderating but remain high after pandemic spike: survey
By The Canadian Press on August 9th, 2023
A survey by DesRosiers Automotive Consultants indicates used vehicle prices continued to moderate in the first half of the year but remain higher than historical levels amid vehicle sourcing challenges. The group says its poll of Used Car Dealers Association members found sales results for the first half of 2023 came in at an average ... Read More »
Be the first to comment!Special counsel got a search warrant for Twitter to turn over info on Trump’s account, documents say
By Alanna Durkin Richer, The Associated Press on August 9th, 2023
Special counsel Jack Smith’s team obtained a search warrant in January for records related to former President Donald Trump’s Twitter account, and a judge levied a $350,000 fine on the company for a delay in complying, according to court documents released Wednesday. The details were included in a decision from the federal appeals court in ... Read More »
Be the first to comment!Special counsel got search warrant for Twitter to turn over info on Trump’s account, documents say
By Alanna Durkin Richer, The Associated Press on August 9th, 2023
Special counsel Jack Smith’s team obtained a search warrant in January for records related to former President Donald Trump’s Twitter account, and a judge levied a $350,000 fine on the company for a delay in complying, according to court documents released Wednesday. The details were included in a decision from the federal appeals court in ... Read More »
Be the first to comment!Special counsel obtained search warrant for Twitter to turn over info on Trump’s account, docs say
By Alanna Durkin Richer, The Associated Press on August 9th, 2023
Special counsel Jack Smith’s team obtained a search warrant in January for records related to former President Donald Trump’s Twitter account, and a judge levied a $350,000 fine on the company for a delay in complying, according to court documents released Wednesday. The details were included in a decision from the federal appeals court in ... Read More »
Be the first to comment!Brookfield Asset Management aims to raise US$150B this year, even as earnings drop
By The Canadian Press on August 9th, 2023
TORONTO – Brookfield Asset Management Ltd. says it expects to raise a multibillion-dollar bundle of cash this year after boosting distributable earnings last quarter, even as net income fell by a third. The company, which owns a one-quarter stake in the asset management business that is 75 per cent owned by Brookfield Corp., posted net ... Read More »
Be the first to comment!S&P/TSX composite index ticks back up on Wednesday morning as U.S. markets droop
By The Canadian Press on August 9th, 2023
TORONTO – Canada’s main stock market inched upward in trading on Wednesday, rebounding slightly from the day before even as U.S. markets sagged. The S&P/TSX composite index rose 52.23 points to 20,258.21, buoyed by energy and industrial stocks and partially offset by health care and metals. In New York, the Dow Jones industrial average dropped ... Read More »
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