February 22nd, 2020

Business

Can AI flag disease outbreaks faster than humans? Not quite

By Matt O'Brien And Christina Larson, The Associated Press on February 20th, 2020

BOSTON – Did an artificial-intelligence system beat human doctors in warning the world of a severe coronavirus outbreak in China? In a narrow sense, yes. But what the humans lacked in sheer speed, they more than made up in finesse. Early warnings of disease outbreaks can help people and governments save lives. In the final ... Read More »

Be the first to comment!

CMHC says housing vulnerability moderate, downgrades risk in Prairie cities to low

By The Canadian Press on February 20th, 2020

OTTAWA – Canada Mortgage and Housing Corp. says it has downgraded the vulnerability of several cities in the Prairies while overall Canada’s housing market remains moderately vulnerable. The federal housing agency’s quarterly assessment leaves Victoria as the only market with an overall high degree of vulnerability. It says Toronto and Hamilton are seeing overheating and ... Read More »

Be the first to comment!

RioCan reports Q4 profit edges higher, funds from operations rise

By The Canadian Press on February 20th, 2020

TORONTO – RioCan Real Estate Investment Trust reported a profit of $150.8 million in its latest quarter, up from $149.2 million in the same quarter a year earlier. The trust says the profit amounted to 48 cents per diluted unit for the quarter ended Dec. 31, down from 49 cents per diluted unit in the ... Read More »

Be the first to comment!

Blair says RCMP have met Wet’suwet’en conditions

By The Canadian Press on February 20th, 2020

OTTAWA – Public Safety Minister Bill Blair says the RCMP in British Columbia has offered to move its officers to a town away from the area where traditional leaders of the Wet’suwet’en First Nation have been opposing a pipeline project on their territory. Blair said on Parliament Hill Thursday morning he believes this move meets ... Read More »

Be the first to comment!

Canadian Press NewsAlert: Blair says RCMP have met Wet’suwet’en conditions

By The Canadian Press on February 20th, 2020

OTTAWA – Public Safety Minister Bill Blair says the RCMP in British Columbia have met conditions set by traditional leaders of the Wet’suwet’en First Nation opposing a pipeline project on their territory. He says he believes barricades set up in solidarity with that nation should come down. The Wet’suwet’en’s hereditary chiefs oppose the Coastal GasLink ... Read More »

Be the first to comment!

Gildan reports Q4 profit and sales down, but raises quarterly dividend

By The Canadian Press on February 20th, 2020

MONTREAL – Gildan Activewear Inc. reported its fourth-quarter profit fell compared with a year earlier as the company also saw sales fall and it recorded a charge related to a shift in strategy. However, the clothing maker raised its quarterly dividend 15.4 cents from its previous rate of 13.4 cents. Gildan, which keeps its books ... Read More »

Be the first to comment!

Morgan Stanley to buy E-Trade for $13 billion

By Ken Sweet And Michelle Chapman, The Associated Press on February 20th, 2020

NEW YORK – Investment bank Morgan Stanley announced it would buy the online brokerage E-Trade for roughly $13 billion, one of the biggest deals on Wall Street since the financial crisis. The deal also is the latest chapter in Morgan Stanley’s transformation from the scrappy, deal-doing, stock-trading investment bank to a more well-rounded financial firm ... Read More »

Be the first to comment!

Starlight and Kingsett to buy Northview Apartment REIT in $4.8B deal

By The Canadian Press on February 20th, 2020

TORONTO – Starlight Investments and KingSett Capital have signed a deal to buy Northview Apartment Real Estate Investment Trust in a transaction valued at about $4.8 billion, including debt. Under the friendly deal, Northview unitholders will have the option to receive $36.25 per trust unit in cash or receive their payment in units in a ... Read More »

Be the first to comment!

Loblaw reports Q4 profit up from year earlier, but falls short of expectations

By The Canadian Press on February 20th, 2020

BRAMPTON, Ont. – Loblaw Companies Ltd. reported its fourth-quarter profit rose compared with a year earlier, but the parent company of Loblaws and Shoppers Drug Mart fell short of analysts’ expectations. The retailer says it earned a profit attributable to common shareholders of $254 million or 70 cents per diluted share for the 12-week period ... Read More »

Be the first to comment!

Federal minister pledges to meet chiefs in B.C. over natural gas pipeline

By The Canadian Press on February 20th, 2020

OTTAWA – The federal Crown-Indigenous relations minister is offering to meet today with Wet’suwet’en hereditary chiefs in northwestern British Columbia. But while Carolyn Bennett and her B.C. counterpart Scott Fraser say they’ll be in the town of Smithers to talk about reducing tensions over the construction of a pipeline in Wet’suwet’en traditional territory, the chiefs ... Read More »

Be the first to comment!

2 former cruise ship passengers with virus die in Japan

By Mari Yamaguchi, The Associated Press on February 19th, 2020

TOKYO – Two elderly passengers taken off the Diamond Princess cruise ship because they were infected with a new virus have died, Japan’s Health Ministry said Thursday, becoming the first fatalities from the virus-stricken vessel. Japan now has three deaths linked to the COVID-19 illness. Japan’s NHK public television said both were Japanese in their ... Read More »

Be the first to comment!