Business
S&P/TSX gains 100 points, U.S. markets mixed ahead of inflation reports
By Rosa Saba, The Canadian Press on April 9th, 2024
TORONTO – Broad-based strength led by base metals helped Canada’s main stock index gain more than 100 points on Tuesday, while U.S. markets muddled to a mixed close ahead of highly anticipated inflation data coming this week. Markets continued in their holding pattern ahead of an action-packed Wednesday that will see fresh data on inflation ... Read More »
Be the first to comment!S&P/TSX composite gains 100 points, U.S. markets mixed ahead of inflation report
By The Canadian Press on April 9th, 2024
TORONTO – Broad-based strength led by base metals helped Canada’s main stock index gain more than 100 points on Tuesday, while U.S. markets muddled to a mixed close ahead of highly anticipated inflation data coming this week. The S&P/TSX composite index closed up 101.48 points at 22,361.78. In New York, the Dow Jones industrial average ... Read More »
Be the first to comment!Stock market today: Wall Street steadies as bond yields ease ahead of inflation report
By Stan Choe, The Associated Press on April 9th, 2024
NEW YORK (AP) – Stocks meandered to a mixed close on Wall Street as traders made their final moves before several potentially market-moving reports later in the week. The S&P 500 edged up 0.1% Tuesday. The Dow Jones Industrial Average was little changed, and the Nasdaq composite inched up 0.3%. Treasury yields eased in the ... Read More »
Be the first to comment!Higher oil doesn’t shake industry talk on spending discipline at CAPP conference
By The Canadian Press on April 9th, 2024
TORONTO – The price of oil has been on a steady climb all year, but the talk at Canada’s biggest oil and gas conference is still focused on spending discipline. Industry leaders at the Canadian Association of Petroleum Producers conference, held in Toronto this year, have been emphasizing their predictability and focus on returning money ... Read More »
Be the first to comment!Controversial wind-powered hydrogen project gets final approval in Newfoundland
By The Canadian Press on April 9th, 2024
ST. JOHN’S, N.L. – A controversial wind-powered hydrogen development proposed for the west coast of Newfoundland has cleared its last hurdle with the provincial government. The Newfoundland and Labrador government announced today it has approved the environmental impact assessment submitted by World Energy GH2 for its plan to erect two 164-turbine wind farms and an ... Read More »
Be the first to comment!Norfolk Southern agrees to $600M settlement in fiery Ohio derailment. Locals fear it’s not enough
By Josh Funk, The Associated Press on April 9th, 2024
Norfolk Southern has agreed to pay $600 million in a class-action lawsuit settlement for a fiery February 2023 train derailment in eastern Ohio, but local residents worry the money not only won’t go far enough to cover future health needs that could be tremendous but also won’t amount to much once divvied up. “It’s not ... Read More »
Be the first to comment!Chair of Alberta Energy Regulator says he’s stepping down in September
By The Canadian Press on April 9th, 2024
CALGARY – The board chair of the Alberta Energy Regulator says he’s stepping down from the job in September. David Goldie says it’s a good time to take on new challenges as he approaches the five-year mark at the watchdog agency. Goldie joined the AER in 2019 when the board was given the mandate to ... Read More »
Be the first to comment!Telecoms tout eclipse plans after wireless networks handle increased traffic
By Sammy Hudes, The Canadian Press on April 9th, 2024
TORONTO – Canada’s two largest mobile carriers say bolstered capacity measures helped their networks handle the extra wireless traffic in hot-spot regions where tens of thousands of people gathered to take in Monday’s total solar eclipse. BCE Inc. said its Bell network saw five times the regular volume of traffic in areas including Niagara, Hamilton, ... Read More »
Be the first to comment!Freeland doesn’t rule out new taxes on wealthy or corporate Canada in upcoming budget
By The Canadian Press on April 9th, 2024
OTTAWA – Finance Minister Chrystia Freeland has ruled out raising taxes on the middle class in the upcoming federal budget but will not do the same for the notion of new or higher taxes on the wealthy or corporations. Freeland was asked by reporters in a news conference today about the prospect of new taxes ... Read More »
Be the first to comment!Energy producers say they are prepared, ready for 2024 drought, wildfire risks
By The Canadian Press on April 9th, 2024
CALGARY – Canadian energy producers say they are prepared and ready for what could be another spring and summer of drought and wildfires in Western Canada. Last year’s hot, dry weather conditions saw oil and gas companies in northwest and central Alberta as well as northeast B.C. temporarily halt production as wildfires raged across key ... Read More »
Be the first to comment!Tilray shares sink after it reports US$105M Q3 loss and cuts adjusted EBITDA guidance
By The Canadian Press on April 9th, 2024
LEAMINGTON, Ont. – Shares of cannabis company Tilray Brands Inc. were down nearly 20 per cent after it reported its latest quarterly results and cut its full-year guidance. Tilray shares were down 67 cents at $2.83 in late-morning trading on the Toronto Stock Exchange. The drop came after the company said it expected adjusted EBITDA ... Read More »
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