BoC expected to deliver eighth consecutive rate hike, but it’s probably the last one
By Nojoud Al Mallees, The Canadian Press on January 20th, 2023
OTTAWA – Economists don’t believe the Bank of Canada is ready to hit the brakes on its interest rate-hiking cycle just yet, even as signs grow that inflation is easing and the economy is softening. Canada’s central bank is expected to announce its eighth consecutive rate increase on Wednesday, with most commercial banks forecasting a ... Read More »
Be the first to comment!Number of commercial pilot licences issued in Canada has collapsed since 2019
By Amanda Stephenson, The Canadian Press on January 20th, 2023
The number of commercial pilot licences issued in Canada has declined by more than 80 per cent since 2019, even as aviation experts warn of an ever-growing labour shortage that threatens to disrupt Canada’s airline industry. Transport Canada numbers show that the number of commercial pilot licences awarded each year was relatively consistent for much ... Read More »
Be the first to comment!Recall of soft, semi-soft surface-ripened cheeses triggered by illness outbreak
By The Canadian Press on January 19th, 2023
The Canadian Food Inspection Agency has issued a recall for Le Fromage au Village and La Vache à Maillotte brand soft and semi-soft surface-ripened cheese due to possible Listeria contamination. The affected products distributed by Le Fromage au Village Inc. include Angelus, Le Casimir, Le Cendré de Notre-Dame and Mélo-Dieux cheeses, which were sold in ... Read More »
Be the first to comment!Asian markets rise after Wall St losses amid recession fears
By Joe Mcdonald, The Associated Press on January 19th, 2023
BEIJING (AP) – Asian stock markets rose Friday after Wall Street losses deepened as worries grow that the U.S. economy is headed for recession. Shanghai, Tokyo and Hong Kong advanced. Seoul declined. Oil prices gained. Traders worry the Federal Reserve and other central banks might be willing to tip Western economies into recession as they ... Read More »
Be the first to comment!Nunavut energy corporation targeted in cybersecurity attack
By The Canadian Press on January 19th, 2023
Nunavut’s energy corporation says cybersecurity experts are investigating after it was targeted in a cyberattack over the weekend. The Qulliq Energy Corporation says its network was breached, but it’s too early to determine whether the attackers accessed customer information. It says anyone affected will be notified as the investigation continues. Power plants in the territory ... Read More »
Be the first to comment!S&P/TSX composite slightly down, helped by energy stocks; U.S. markets fall
By The Canadian Press on January 19th, 2023
TORONTO – Canada’s main stock index edged lower Thursday, with losses in technology and industrials buoyed by energy stocks, while U.S. stock markets were also down. The S&P/TSX composite index was down 34.79 points at 20,341.44. In New York, the Dow Jones industrial average was down 252.40 points at 33,044.56. The S&P 500 index was ... Read More »
Be the first to comment!US stocks lose ground as recession fears weigh on market
By Damian J. Troise And Alex Veiga, The Associated Press on January 19th, 2023
NEW YORK – Stocks fell on Wall Street as worries build that the U.S. may be headed for a painful recession. The S&P 500 fell 0.8% Thursday, as did the Dow. The Nasdaq lost 1%. Reports showed weakness in several areas of the economy, including the housing industry and manufacturing in the mid-Atlantic region, though ... Read More »
Be the first to comment!Richelieu Hardware raises quarterly dividend, reports full-year profit up nearly 20%
By The Canadian Press on January 19th, 2023
MONTREAL – Richelieu Hardware Ltd. raised its quarterly dividend as it reported its profit for its latest financial year rose nearly 20 per cent compared with the previous year. The hardware supplier says it will pay a quarterly dividend of 15 cents per share, up from 13 cents per share. The increased payment to shareholders ... Read More »
Be the first to comment!Fed’s Brainard: Taming inflation may not cause big job cuts
By Christopher Rugaber, The Associated Press on January 19th, 2023
WASHINGTON (AP) – Federal Reserve Vice Chair Lael Brainard said Thursday that high inflation in the United States is easing and suggested it was possible that the Fed’s interest rate hikes could slow price acceleration without causing significant job losses. Speaking in Chicago, Brainard sketched out a more optimistic outlook for inflation than some Fed ... Read More »
Be the first to comment!French unions call new nationwide strikes, protests Jan. 31
By Sylvie Corbet And Jade Le Deley, The Associated Press on January 19th, 2023
PARIS (AP) – French unions have announced new nationwide strikes and protests Jan. 31 against President Emmanuel Macron’s plans to raise the retirement age. Eight leading unions held a meeting Thursday after their first day of mass protests against the plan, and issued statements vowing to push on with their action to try to get ... Read More »
Be the first to comment!Nova Scotia’s Donkin coal mine cited for safety violations since fall reopening
By The Canadian Press on January 19th, 2023
HALIFAX – Nova Scotia’s Labour Department has cited the Donkin coal mine for a lengthy list of safety violations since the underground operation in Cape Breton reopened in mid-September. According to the department, owners Kameron Coal Management Ltd. have received 14 warnings, 19 compliance orders and eight administrative penalties or fines over the last four ... Read More »
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