124 current K-12 school clusters, more than 300 clusters this year, 3,000 infections - 88% in kids
Ontario’s online sports betting and gambling market is expected to generate nearly a billion dollars in gross revenue in its first year.
GATINEAU, Que. — Hexo Corp. says it expects its new strategic plan to reduce selling, general and administrative expenses by about 30 per cent by the end of fiscal 2023. The Gatineau, Que.-based cannabis company says its plan, which was unveiled last month after its debts mounted and founder left the businesses, will deliver about $175 million in cash over the next two fiscal years. The company says the plan will generate incremental cash flow of about $37.5 million in fiscal 2022 and an additio
President Joe Biden is paying a steep price for high inflation — a problem that festered during his first year in office instead of fading away as he suggested it would. His $1.9 trillion coronavirus relief package, enacted in March, drove what will probably be the fastest economic growth since 1984 and pulled the unemployment rate down to 3.9% at a quicker pace than experts predicted. But after unprecedented government interventions and supply chain problems, inflation is running at a nearly 40
Global jet fuel demand, however, has again come under pressure with some countries reimposing border restrictions and other curbs to keep the Omicron coronavirus variant at bay, prompting travelers to reconsider their plans. "We saw a little bit more downside momentum on jet fuel due to omicron variant, but combined, we didn't really see a meaningful impact as we exited the year," senior executive Dax Sanders said in the earnings call. Kinder Morgan reported a 48% jump in jet fuel volumes and 7% jump in gasoline, following a year of coronavirus-driven decline.
(Reuters) -Unilever's strategy was under the investor microscope on Thursday after the consumer goods group effectively abandoned its 50 billion pound ($68 billion) pursuit of GlaxoSmithKline's consumer healthcare business. Shares in the maker of brands such as Dove soap and Hellmann's mayonnaise ended down 0.7% after Unilever said on Wednesday that it would not raise a rejected offer. It said its view on the value of the healthcare business had not changed despite GSK lifting financial forecasts for the unit, which is 32% owned by Pfizer and makes products such as Sensodyne toothpaste and Panadol painkillers.
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BEIJING (AP) — China on Friday criticized Washington for imposing sanctions on Chinese companies the U.S. says exported missile technology, and accused the United States of hypocrisy for selling nuclear-capable cruise missiles. The United States announced penalties on three companies it said were engaged in unspecified “missile technology proliferation activities." It said they were barred from U.S. markets and from obtaining technology that can be used to make weapons. “This is a typical hegemo
Stocks have been falling across the board. Which dividend stocks should you buy to survive the market correction? The post 3 Dividend Stocks to Buy to Fight the Market Correction appeared first on The Motley Fool Canada.
The holidays have left without a trace. Well, almost. Long after the decorations have come down, you still have debt hanging around. Don’t let it put a damper on your year. Here’s what you can do to take control of your holiday debt. REVIEW WHAT YOU OWE First, gather a few important details about your debt. Make a list of your accounts for each type of debt you have. Perhaps you spread holiday purchases across a couple of different credit cards and a “buy now, pay later” loan, for example. For e
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WASHINGTON (Reuters) -The U.S. Senate Judiciary Committee on Thursday approved a bill that would bar tech giants like Amazon.com from giving preference to their own businesses on their websites, despite hefty lobbying from top executives like Apple Chief Executive Tim Cook. The biggest technology companies, including Meta Platforms Inc's Facebook and Apple Inc, have been under pressure in Congress because of allegations they abused their outsized market power. Lawmakers voted on an amended version of a bill introduced by Senators Amy Klobuchar, a Democrat, and Chuck Grassley, a Republican, that expanded the definition of companies covered by the bill to include firms like the popular video app TikTok and specified that companies were not required to share data with firms that the U.S. government considers national security risks.
(Reuters) -American Airlines Group Inc on Thursday forecast returning to profitability in March, after reporting a smaller fourth-quarter loss, but said cost pressures would remain elevated this year due to the Omicron coronavirus variant-induced turmoil. The company said domestic leisure and short-haul international traffic were approaching their 2019 levels, but demand for long-haul international remained challenged. American, however, said the volatility in travel demand due to new COVID-19 variants has created "the most challenging planning environment in the history of commercial aviation".
China must prevent and defuse the risk of external shocks this year while strengthening macro-prudential management and guiding market expectations, the country's foreign exchange regulator said on Friday. The comments come as the U.S. Federal Reserve is widely expected to start hiking interest rates as early as March, while its Chinese counterpart has stepped up monetary easing to prop up a slowing economy, raising concerns about possible capital outflows due to the policy divergence. During the previous round of Fed tightening in 2018, China's currency depreciated sharply.
Investors who can’t afford to lose their money should forget about weed stocks and avoid the industry leaders in 2022. The post Frustration, Not Profits: 3 Must-Avoid Weed Stocks in 2022 appeared first on The Motley Fool Canada.
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NEW YORK (AP) — New York City's new mayor, Eric Adams, plans to convert his first paycheck this week into two cryptocurrencies, which he has been hyping as a potential economic engine for the city. The Democrat's office announced Thursday that Adams' first salary payment will be deposited with Coinbase, an online platform used for buying cryptocurrency, and then converted into Ethereum and Bitcoin. “New York is the center of the world, and we want it to be the center of cryptocurrency and other
PARIS (AP) — A spattering of Paris Fashion Week menswear shows began in earnest this week for the fall-winter season, with French virus restrictions forcing many to an online-only presence. Yet those brands that chose to maintain physical shows — like AMI on Wednesday — may benefit from a relative boost in prominence. As ever, the start of Paris Fashion Week is a moment to showcase emerging talents before the later appearances of industry heavyweights like Dior, Louis Vuitton and Hermes. Here ar
Canada's food manufacturers are cutting capacity and focusing on key products as they confront labour shortages and supply chain bottlenecks that show no signs of easing. Shipping backlogs, delays in obtaining packaging and ingredients and high worker absenteeism due to COVID-19 isolation protocolsare interfering with the availability of certain products, experts say. The situation has prompted some food suppliers to inform grocers about the steps they're taking to fulfil orders, including findi
Wall Street's main indexes ended sharply lower on Thursday and a rally in U.S. stocks evaporated late in the session as investors considered whether equities were bargains after a sell-off to start the year that has seen the Nasdaq fall into correction territory. The Nasdaq on Wednesday closed more that 10% below its November all-time high, confirming it was in a correction. “There seems to be a whole lack of conviction," said Randy Frederick, vice president of trading and derivatives for Charles Schwab.
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