1 killed in Highway 129 crash Monday morning
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1 killed in Highway 129 crash Monday morning
BRUSSELS (AP) — The European Union on Thursday stepped up its dispute with China as it took an economic spat over exports from member state Lithuania to the world trade's governing body and accused Beijing of seeking to undermine the 27-nation bloc's single market. EU Trade Commissioner Valdis Dombrovskis insisted the European Union was owed more respect and said Beijing should stop coercing member states with heavy-handed trade tactics like blocking imports based on political grounds. “Our rela
WASHINGTON (AP) — Federal regulators are suing to block Lockheed Martin Corp.'s $4.4 billion bid for Aerojet Rocketdyne Holdings, saying it would limit competition and drive up prices for components used in missiles that Lockheed and other defense contractors build for the Pentagon. The Federal Trade Commission said Tuesday that Aerojet is the last independent U.S. supplier of some key missile parts, and the acquisition would let Lockheed cut off supply to rival. Lockheed said it was reviewing t
KITS Eyecare Ltd. (TSX: KITS) (OTC: KTYCF) ("KITS" or the "Company"), a rapidly growing, vertically integrated eyecare platform, today announced that it has launched a partnership together with Sun Life. KITS will provide an exclusive vision care offer to all Sun Life clients, accessible through Sun Life's mobile app and mysunlife.ca. The offer, exclusive to Sun Life is the latest partnership in the Fulfillment by KITS (FBK) platform.
The Canadian dollar edged higher against the greenback on Tuesday as some of the recent disquiet in financial markets eased a notch and investors prepared for a potential interest rate hike by the Bank of Canada. The loonie was trading 0.2% higher at 1.2615 to the U.S. dollar, or 79.27 U.S. cents, after trading in a range of 1.2598 to 1.2669. On Monday, it touched its weakest intraday level in more than two weeks at 1.2701 amid equity market turbulence.
CALGARY — The Calgary Real Estate Board says it expects the city’s housing market activity to moderate this year after record sales were experienced in 2021, but tight conditions will linger. The Alberta board is forecasting the city will see 25,598 sales this year, down from 27,686 last year and 16,149 in 2020. CREB says rising lending rates will cool some demand for housing, but sales will still be strong because many were able to save more money during the COVID-19 pandemic. CREB is predictin
NEW YORK (AP) — Walmart said Tuesday it has taken a stake in agriculture startup Plenty, becoming the first large U.S. retailer to significantly invest in indoor vertical farming as a way to deliver fresher produce to its stores. Vertical farmers tout their high-quality produce that brings higher yields while using less water and land. The method also doesn’t use pesticide, and the produce can be grown year round near the point of distribution, increasing the reliability of supply. Walmart, the
Tenet Fintech Group Inc. (CSE: PKK) (OTC PINK: PKKFF) ("Tenet" or the "Company"), an innovative Fintech and AI service provider and manager of the Business Hub™, unveiled its new brand identity today. Tenet has completed an extensive rebranding effort in response to accelerated company growth and a renewal to its corporate vision.
BERLIN (AP) — The German government on Wednesday cut its growth forecast for this year, but said that Europe's biggest economy remains “robust” and will return to its pre-pandemic size in 2022. The Economy Ministry predicted that gross domestic product will grow by 3.6%, down from the 4.1% Germany's previous government forecast in late October. The picture has been clouded since then by a steep new wave of coronavirus infections fueled by the highly contagious omicron variant. GDP grew 2.7% last
As the COVID-19 pandemic continues, governments in Canada are trying new strategies to increase vaccinations. On Jan. 15, the federal government implemented a policy requiring that truck drivers entering into Canada be fully vaccinated. Unvaccinated foreign truckers can no longer enter Canada, while unvaccinated Canadian drivers will have to test and quarantine upon entry into the country. Backlash to the policy has emerged this week, as truckers and protesters from across the country head to Ottawa for a rally against the vaccine mandate. In Quebec, Premier Francois Legault is looking at a so-called "vax tax." Legault said he plans on tabling a bill in early February that would force individuals who refuse to get vaccinated to pay a “health contribution", adding that unvaccinated Quebeckers are a significant burden on the province’s healthcare system. On this episode of Editor's Edition, Alicja Siekierska and the Public Policy Forum's Sean Speer dig into the new and proposed vaccination policies, and the response to these approaches. They also take a look at Ontario’s reopening plan and the latest report from the Parliamentary Budget Officer. If you have any policy-related questions, or feedback about the show, please email firstname.lastname@example.org.
High valuations and one of the strongest recoveries from a bear market in history have left equities vulnerable to a correction but the recent fall is not indicative that markets have reached "danger zone" levels yet, Goldman Sachs said in a note. "While it has not reached danger zone levels that typically precede a bear market (a fall of at least 20%), it has reached levels which have typically been consistent with corrections and relatively low returns over the next one and five years," the U.S. investment bank said on Wednesday. Goldman Sachs said markets are in a correction phase within a bull market cycle and current levels signify relatively low returns over the next one to five years.
HONG KONG (Reuters) -China Evergrande Group shares slumped on Thursday after the developer's thinly detailed roadmap for restructuring left investors dissatisfied and its indebted peers also fell on concerns higher interest rates would raise financing costs. Regulatory curbs on borrowing have driven China's property sector into crisis, highlighted by Evergrande, the world's most indebted property firm. The contagion has engulfed other Chinese developers, roiled global financial markets in the past year and contributed to a slump in China's property market, which accounts for a quarter of its economy.
In time for the fifth anniversary of the Quebec mosque shooting anniversary and the National Day of Action Against Islamophobia, Islamic Relief Canada is releasing a new report today that sheds light on how everyday Islamophobia affects Canadian Muslims.
The CFIB issued a press release on Wednesday, saying small businesses are being driven "to the brink" by supply shortages and price increases.
OTTAWA — The Canada Revenue Agency is sending out a new round of letters to pandemic aid recipients to verify they were eligible for the help, and warning of potential need for repayments. It's the second time the agency is mailing Canada Emergency Response Benefit recipients as part of a process to verify the eligibility of the millions of Canadians who received the $500-a-week benefit. The CRA sent out more than 441,000 letters to CERB recipients near the end of 2020 asking them to verify they
(Reuters) -Swiss drug contract manufacturer Lonza said core earnings gained 20.7% in 2021, shored up by demand for the substances it supplies for new mRNA COVID-19 vaccines. Full-year core earnings before interest, tax, depreciation and amortisation (EBITDA) rose to 1.67 billion Swiss francs ($1.82 billion), up from 1.38 billion a year earlier, it said in a statement on Wednesday. For this year, Lonza predicted "low to mid-teens" sales growth, when excluding currency swings, as well as core EBITDA margin improvement from 30.8% in 2021.
(Reuters) -Abbott Laboratories on Wednesday beat quarterly profit and sales estimates, aided by robust sales of COVID-19 test kits and strong demand for its diagnostics products, but forecast lower-than-expected COVID-19 testing sales in 2022 due to uncertainties around the future of the pandemic. Abbott said it expects $2.5 billion in sales of COVID-19 test kits in the early part of this year. The company will update its test kit estimates on a quarterly basis.
Canopy Growth Corporation ("Canopy Growth" or "the Company") (TSX: WEED) (NASDAQ: CGC), a world-leading diversified cannabis, hemp, and cannabis device company, unveils the next chapter of the Tweed brand with the launch of new products, formats, and a refresh of the brand's look and feel. Today, the brand is introducing a new era of Tweed, inspiring Canadians to start their year off in whatever way feels good for them.
(Reuters) -Microsoft Corp on Tuesday forecast revenue for the current quarter broadly ahead of Wall Street targets, driven in part by its Intelligent Cloud unit. The outlook soothed concerns about growth sparked by results for the December quarter, which initially dragged on Microsoft's shares in after-hours trade. Investors were seeking assurances that the enterprise cloud business is still growing strongly and got it from Microsoft.
Bragg Gaming Group Inc. (TSX:BRAG) is a gaming stock that has suffered recently, but its long-term prospects are still good. The post This Gaming Stock Fell 12% Yesterday: Should You Buy the Dip? appeared first on The Motley Fool Canada.
A trucker convoy has left the Regina area and is expected to stop in Winnipeg today before making a final stop in Ottawa later this week. The Regina Police Service estimates about 1,200 trucks went through the city last night. They converged at a truck stop in Balgonie, Sask., after coming from Saskatoon and other western provinces. The convoy was greeted last night by supporters — including Conservative members of Parliament Andrew Scheer and Warren Steinley — and again this morning by others b