Ottawa gives final approval for Rogers $26B purchase of Shaw
By Sammy Hudes, The Canadian Press on March 31st, 2023
TORONTO – Rogers Communications Inc’s $26-billion takeover of Shaw Communications Inc. cleared the final regulatory hurdle Friday, more than two years after the deal was first announced. Federal Industry Minister François-Philippe Champagne approved the transfer of Shaw-owned Freedom Mobile’s wireless licences to Quebecor Inc.’s Videotron, which operates in Quebec and some border regions of Ontario., ... Read More »
Be the first to comment!Wall Street opens higher, on track to close March with gains
By Joe Mcdonald And Matt Ott, The Associated Press on March 31st, 2023
NEW YORK (AP) – Stocks are opening higher on Wall Street, keeping the market on track for a winning March despite a long list of worries being thrown at it. The S&P 500 was 0.4% higher early Friday. The index is on pace for a gain for the month and a second winning quarter in ... Read More »
Be the first to comment!The $26-billion Rogers-Shaw deal: a timeline of key events
By The Canadian Press on March 31st, 2023
Rogers Communications Inc’s $26-billion takeover of Shaw Communications Inc. cleared the last regulatory hurdle Friday, more than two years after the deal was first announced. Here’s a look at some key moments leading up to this point: March 15, 2021: Rogers announces an agreement to buy Shaw in a deal valued at $26 billion, including ... Read More »
Be the first to comment!A key inflation gauge tracked by the Fed slowed in February
By Paul Wiseman, The Associated Press on March 31st, 2023
WASHINGTON (AP) – The Federal Reserve’s favored inflation gauge slowed sharply last month, an encouraging sign in the Fed’s yearlong effort to cool price pressures through steadily higher interest rates. Friday’s report from the Commerce Department showed that consumer prices rose 0.3% from January to February, down from a 0.6% increase from December to January. ... Read More »
Be the first to comment!Europe’s inflation eases to 6.9% as energy falls but food up
By Kelvin Chan, The Associated Press on March 31st, 2023
LONDON (AP) – Inflation in the 20 countries that use the euro currency slowed to the lowest level in a year as energy prices dropped, but food costs were still on the rise, keeping pressure on the European Central Bank to hike interest rates further. Consumer prices in the eurozone jumped 6.9% in March from ... Read More »
Be the first to comment!Chinatowns in Western Canada evolve and renew, both within and outside tradition
By Chuck Chiang, The Canadian Press on March 31st, 2023
Every Thursday to Sunday evening, the wait staff at the Ugly Duckling Dining & Provisions restaurant carefully set knives and forks on chopstick rests at each table. The Ugly Duckling, which opened less than two months ago in Victoria’s historic Chinatown, is not a Chinese restaurant. But the fine dining eatery goes out of its ... Read More »
Be the first to comment!Quebec cracks down on Airbnb after deadly fire as some continue to evade rules
By Jacob Serebrin, The Canadian Press on March 31st, 2023
MONTREAL – The Quebec government’s crackdown on Airbnb has upended Montreal’s short-term rental market, leading some to welcome the changes and others scurrying to evade the new rules. Last week, following a fire in Old Montreal that killed seven people – including six who were staying in unlicensed short-term rentals – Airbnb said it would ... Read More »
Be the first to comment!52 years after capture, orca Lolita may return to Pacific
By Freida Frisaro And Gene Johnson, The Associated Press on March 30th, 2023
MIAMI (AP) – More than 50 years after the orca known as Lolita was captured for public display, plans are in place to return her from the Miami Seaquarium to her home waters in the Pacific Northwest, where a nearly century-old, endangered killer whale believed to be her mother still swims. An unlikely coalition involving ... Read More »
Be the first to comment!BlackBerry posts US$495-million loss in Q4 due to impairment charge
By The Canadian Press on March 30th, 2023
WATERLOO, ON – BlackBerry Ltd. reported a net loss of US$495 million in its fourth quarter, downfrom earning US$144 million a year earlier. The Waterloo, Ont.-based technology company, which reports in U.S. dollars, says earnings per diluted share were negative 85 cents for the quarter ended Feb. 28, down from a three-cent loss a year ... Read More »
Be the first to comment!S&P/TSX composite gains more than 100 points, U.S. markets also rise
By The Canadian Press on March 30th, 2023
TORONTO – Canada’s main stock index was up more than 100 points Thursday with broad-based gains led by the base metals sector, while U.S. markets also rose. The S&P/TSX composite index was up 103.34 points at 19,940.99. In New York, the Dow Jones industrial average was up 141.43 points at 32,859.03. The S&P 500 index ... Read More »
Be the first to comment!Stocks head toward winning March as Wall Street’s fear falls
By Stan Choe, The Associated Press on March 30th, 2023
NEW YORK (AP) – Stocks closed higher again as more fear evaporates from Wall Street. The S&P 500 added 0.6% Thursday, its fifth gain in the last six days. The benchmark index is headed for a gain in March after struggling in earlier weeks on worries about whether the banking system was cracking under the ... Read More »
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