Faster approvals for major projects will be key to achieving climate goals: Report
By Amanda Stephenson, The Canadian Press on June 15th, 2023
CALGARY – Canada has no hope of reaching its 2050 climate goals unless it can find a way to speed up the approvals process for major projects in this country, a new report states. The report, from the Business Council of Alberta, says Canada’s current regulatory system for large-scale infrastructure projects is “complex, fractured and ... Read More »
Be the first to comment!Scathing report finds Boris Johnson deliberately misled UK Parliament over ‘partygate’
By Danica Kirka And Sylvia Hui, The Associated Press on June 15th, 2023
LONDON (AP) – Former British Prime Minister Boris Johnson deliberately misled Parliament about the lockdown-flouting parties that undermined his credibility and contributed to his downfall, a committee of lawmakers said Thursday after a year-long investigation. A scathing report from the House of Commons Privileges Committee found that Johnson’s actions and his response to the committee ... Read More »
Be the first to comment!Report finds Boris Johnson deliberately misled Parliament over ‘partygate’ during COVID lockdown
By The Associated Press on June 15th, 2023
LONDON (AP) – Former Prime Minister Boris Johnson deliberately misled Parliament about the lockdown-flouting parties that undermined his credibility and contributed to his downfall, a committee of lawmakers said Thursday after a year-long investigation. A scathing report from the House of Commons Privileges Committee found that Johnson’s actions were such a flagrant violation of the ... Read More »
Be the first to comment!Bell cuts put Bill C-18 back in the spotlight as Meta tests blocking news
By The Canadian Press on June 15th, 2023
A bill meant to force big tech companies to compensate Canadian media for news content appearing on their platforms is back in the spotlight amid BCE Inc.’s decision to slash 1,300 positions, including six per cent of its media arm. Bell chief legal and regulatory officer Robert Malcolmson raised concerns this week about Bill C-18, ... Read More »
Be the first to comment!Fed Chair Powell sees progress on inflation, though not quickly enough
By Christopher Rugaber, The Associated Press on June 14th, 2023
WASHINGTON (AP) – Inflation may be cooling – just not yet fast enough for the Federal Reserve. Chair Jerome Powell offered a nuanced view Wednesday of how the Fed intends to address its core challenge at a time when inflation is both way below its peak but still well above the central bank’s 2% target: ... Read More »
Be the first to comment!Reitmans reports $3.8 million loss in first quarter, sales rise
By The Canadian Press on June 14th, 2023
MONTREAL – Reitmans (Canada) Ltd. reported a net loss of $3.8 million in its first quarter, compared with a net loss of $1.7 million a year earlier. The Montreal-based retailer says sales for the quarter ended April 29 were $165.0 million, up 7.2 per cent from $153.9 million the same quarter last year. Reitmans says ... Read More »
Be the first to comment!Oregon jury: PacifiCorp must pay punitive damages for fires, plus award that could reach billions
By Claire Rush And Gene Johnson, The Associated Press on June 14th, 2023
PORTLAND, Ore. (AP) – A jury in Oregon says the electric utility PacifiCorp must pay punitive damages for causing devastating wildfires in 2020 – on top of an earlier verdict already expected to amount to billions of dollars. The decision Wednesday came two days after the jurors found PacifiCorp liable for the fires and said ... Read More »
Be the first to comment!Bell cuts 1,300 positions, radio stations and foreign bureaus in restructuring
By Sammy Hudes, The Canadian Press on June 14th, 2023
TORONTO – BCE Inc. is cutting 1,300 positions, shutting or selling nine radio stations and closing two foreign bureaus as the company plans to “significantly adapt” how it delivers the news in the face of rising financial pressure. The plan entails “moving to a single newsroom approach across brands, allowing for greater collaboration and efficiency,” ... Read More »
Be the first to comment!S&P/TSX composite edges upward, U.S. stock markets mixed after central bank pause
By The Canadian Press on June 14th, 2023
TORONTO – Strength in industrials and metals helped buoy Canada’s main stock index amid energy weakness Wednesday, while U.S. stock markets were mixed after the country’s central bank held interest rates steady. The S&P/TSX composite index was up 24.69 points at 20,015.09. In New York, the Dow Jones industrial average was down 232.79 points at ... Read More »
Be the first to comment!Jury: PacifiCorp must pay punitive damages for wildfires, plus award that could reach billions
By Claire Rush And Gene Johnson, The Associated Press on June 14th, 2023
PORTLAND, Ore. (AP) – A jury in Oregon says the electric utility PacifiCorp must pay punitive damages for causing devastating wildfires in 2020 – on top of an earlier verdict already expected to amount to billions of dollars. The decision Wednesday came two days after the jurors found PacifiCorp liable for the fires and said ... Read More »
Be the first to comment!Stock market today: Wall Street ends mixed as Fed keeps rates steady but signals more hikes may come
By Stan Choe, The Associated Press on June 14th, 2023
NEW YORK (AP) – Stocks swung to a mixed close on Wall Street after the Federal Reserve hinted it may raise interest rates two more times this year. The S&P 500 ended less than 0.1% higher Wednesday after pinballing from a modest gain before the Fed’s announcement to a modest loss just after. The Dow ... Read More »
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