How the lockout impacts the Cleveland Guardians
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How the lockout impacts the Cleveland Guardians
CALGARY, Alberta/OTTAWA (Reuters) -Funds allocated by the Canadian government to help clean up the country's orphan oil and gas wells may fall short if the main oil-producing province of Alberta continues to allocate the money to financially viable companies, the parliamentary budgetary watchdog said on Tuesday. About half the funds in Alberta went to 10 companies that are expected to remain financially viable over the next few years, including some of Canada's largest energy producers - Canadian Natural Resources Ltd, Imperial Oil, and Cenovus Energy, budgetary officials said. Canada is the world's fourth-largest oil producer and sixth-largest natural gas producer and its western provinces are dotted with hundreds of thousands of oil and gas wells.
TORONTO — The Canadian Bankers Association has named Anthony Ostler as its new president and chief executive. He will step into the role at the end of February, replacing Neil Parmenter who resigned on Dec. 23, 2021. The banking industry lobby group says Ostler most recently worked as head of stakeholder engagement in global marketing at State Street in Boston. Prior to working at State Street, Ostler held roles at Manulife, Canaccord and RBC according to his LinkedIn profile. The Canadian Banke
ST. JOHN'S, N.L. — Final commissioning for the beleaguered Muskrat Falls hydroelectricity project in Newfoundland and Labrador has been delayed once again. Newfoundland and Labrador Hydro told the province's energy regulator in a monthly update on Jan. 14 that ongoing software issues will push the date of final commissioning to at least May 31. The Crown corporation says it is waiting on a software update for the Labrador-Island Link, a 1,100-kilometre power line connecting the Muskrat Falls gen
The 2022 Rural Ontario Municipal Association (ROMA) Conference kicked off today with nearly 1,000 people participating in the virtual event.
RENO, Nev. (AP) — The U.S. government plans to capture more wild horses on federal lands this year than ever before, drawing sharp criticism from mustang advocates who hoped the Biden administration would curtail widespread gathers of thousands of horses annually across the American West. Bureau of Land Management Director Tracy Stone-Manning, known as an ally of conservationists on several public land fronts when she was appointed in the fall, says the agency plans to permanently remove at leas
NEW YORK (Reuters) -Oil prices rose over 2% on Tuesday on concerns supplies could become tight due to Ukraine-Russia tensions, threats to infrastructure in the United Arab Emirates and struggles by OPEC+ to hit its targeted monthly output increase. Analysts noted that oil prices rose despite a drop in equities markets and the possibility of an interest rate hike by the U.S. Federal Reserve on Wednesday. Brent futures rose $1.93, or 2.2%, to settle at $88.20 a barrel, while U.S. West Texas Intermediate (WTI) crude rose $2.29, or 2.8%, to settle at $85.60.
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.
(Reuters) -General Motors Co said Tuesday it will invest $7 billion in Michigan, much of that aimed at dramatically boosting production of full-size electric pickups, intensifying a battle with rival Ford Motor Co for EV supremacy in North America. Both U.S. automakers, however, will have to contend with current leader Tesla, which will soon open a second U.S. plant in Austin, Texas, and is on pace to sell more than 1 million electric vehicles globally in 2022. GM said its Detroit-Hamtramck and Orion Township plants will be able to build more than 600,000 electric trucks a year by late 2024, with three other plants in Tennessee, Ontario and Mexico boosting the company's total North America EV production capacity to more than a million units by late 2025.
LONDON (Reuters) -Unilever will cut about 1,500 management jobs and reshape its business to focus on five main product areas as it tries to boost growth after a failed acquisition and with an activist investor to appease. The move, which Unilever said had been in the works for a year, echoes the reshaping by rival Procter & Gamble (P&G) three years ago https://www.reuters.com/article/us-procter-gamble-strategy-idUKKCN1ND37M - which at the time also had activist investor Nelson Peltz's Trian Partners as a shareholder.
Canada's main stock index edged higher on Tuesday, bouncing back from a steep sell-off earlier in the day, as resource shares benefited from geopolitical tensions boosting oil and gold prices. The Toronto Stock Exchange's S&P/TSX composite index ended up 19.68 points, or 0.1%, at 20,590.98, after declining in the five previous trading days. The index closed 2.3% above its session low, but sentiment remained fragile amid fears that Russia will invade Ukraine and ahead of interest rate announcements on Wednesday by the Bank of Canada and the Federal Reserve.
Tencent Holdings, China's biggest social media and video games company, on Tuesday said it fired nearly 70 staff over bribery and embezzlement incidents last year and named 13 companies it had blacklisted from future contracts. Tencent said in a social media post that it had also reported more than 10 people to authorities over their actions. Tencent started its anti-graft campaign in 2019 and has been regularly reporting the results of its probes.
Wild swings in stocks are testing the resolve of investors employing one of Wall Street’s most popular strategies: buying the dip. The S&P 500 reversed a deep selloff on Monday to finish up 0.3%, after the benchmark index crossed into correction territory, while the Nasdaq flirted with a bear market before also finishing higher, suggesting that dip buyers have not gone extinct despite big declines in stocks in the first weeks of 2022. But while dip buying has rewarded investors in the last two years as stocks doubled from their March 2020 lows, bargain hunters now face uncertainties over how aggressively the Federal Reserve will need to tighten monetary policy this year, a potential war between Russia and Ukraine, and disappointing corporate earnings.
There are a lot of cheap Canadian stocks out there, but a huge turnaround is likely for these three in 2022 and beyond for long-term investors. The post 3 Cheap Canadian Stocks Bound for Massive Growth in 2022 appeared first on The Motley Fool Canada.
WASHINGTON (AP) — Extremist groups in the United States appear to increasingly view attacking the power grid as a means of disrupting the country, according to a government report aimed at law enforcement agencies and utility operators. Domestic extremists “have developed credible, specific plans to attack electricity infrastructure since at least 2020,” according to the report from the Department of Homeland Security’s Office of Intelligence and Analysis. The document, dated Monday, was obtaine
WASHINGTON (AP) — President Joe Biden pledged last week to chat more with everyday Americans and took an initial step Tuesday afternoon by visiting a gift shop and ice cream store in Washington's Capitol Hill neighborhood. Biden went shopping at Honey Made, a boutique that opened up last year amid the pandemic. The president perused the store, choosing a hoodie for his grandson and a necklace for his wife, Jill. He then picked up a mug with a picture of Vice President Kamala Harris on it. “I'll
GM's announcement comes just a day after the company unveiled a $7 billion investment plan in Michigan, mainly toward making full-size electric pickups, intensifying a battle with rival Ford Motor Co for EV supremacy in North America. The automaker, which was dethroned as the U.S. sales leader in 2021 by Japanese rival Toyota Motor Corp, plans to boost its North America EV production capacity to more than a million units by late 2025. It will also have to contend with current EV leader Tesla, which will soon open a second U.S. plant in Austin, Texas, and is on pace to sell more than 1 million electric vehicles globally in 2022.
COMACHUEN, Mexico (AP) — In Comachuen, a Purepecha Indigenous community of about 10,000 inhabitants nestled high in the pine-clad mountains of the western state of Michoacan, the whole town survives because of the money sent home by migrants working in the United States. That money, known as remittances, kept families fed after local woodworking sales dropped off a decade ago when pine lumber started to become scarce. The money has allowed their families to remain in Comachuen rather than moving
Ahead of Tesla's report, Chief Executive Officer Elon Musk tweeted that he has been driving a prototype of Tesla's upcoming Cybertruck electric pickup truck around the company's factory in Austin, Texas, saying, "It's awesome". Musk has promised an updated product roadmap.
The stock market downturn has reiterated the need to have an all-seasons portfolio. With some risk, you can balance your returns. The post Top 3 Stocks to Build an All-Season Portfolio for Medium-Risk Investors appeared first on The Motley Fool Canada.
THE HAGUE, Netherlands (AP) — Prime Minister Mark Rutte further eased the Netherlands' coronavirus lockdown, allowing bars, restaurants, museums, theaters and other venues to reopen from Wednesday for the first time this year. But Rutte warned that the move wasn't without risks. “We are taking a big step today to unlock the Netherlands while the infections numbers are really going through the roof,” Rutte said Tuesday. The announcement wasn't all good news for the beleaguered hospitality and cul