KOENIGSWINTER, Germany (AP) — Finance ministers for the Group of Seven leading economies grappled Thursday with deepening inflation concerns and the immediate effects of Russia’s war in Ukraine, with U.S. Treasury Secretary Janet Yellen promising that the allies would put together enough additional aid to help Ukraine “get through this.” “All of us pledged to do what's necessary to fill the gap,” Yellen said as the ministers finished their first of two days of talks. Although she did not have a
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Covalon Technologies Ltd. (the "Company" or "Covalon") (TSXV: COV) (OTCQX: CVALF), an advanced medical technologies company, today announced that Mark Doolittle has joined the Company as Senior Vice President, Commercial Sales.
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The rouble has become the best-performing currency this year despite a full-scale economic crisis, artificially supported by controls that Russia imposed in late February to shield its financial sector after it sent tens of thousands of troops into Ukraine. At 1320 GMT, the rouble gained more than 2% to 62.08 to the dollar on the Moscow Exchange, briefly hitting 61.72, its strongest since early 2020. Against the euro, the rouble firmed more than 3% to 64.46 after a fleeting move to 61.1075 at the market opening, which was likely caused by a trading error and became the rouble's strongest point since April 2017.
HomeEquity Bank, provider of the CHIP Reverse Mortgage, is celebrating Personal Support Workers Day 2022 (PSW Day) on May 19 with its first-ever Home Care Heroes Award. The award was created to acknowledge the vital work that thousands of Personal Support Workers (PSWs) provide for Canadians who want to age in-place – something that HomeEquity Bank believes all Canadians should have the right to do. Canadians overwhelmingly agree, with 95 per cent of adults 45+ saying being able to age in-place
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May 10-13, Barcelona, Spain, Unilumin participated in ISE, a worldwide renowned exhibition, and held an attention-grabbing Metasight press conference.
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Blue Sky Uranium Corp. (TSXV: BSK) (FSE: MAL2) (OTC: BKUCF), ("Blue Sky" or the "Company") announces that it has made an application to the TSX Venture Exchange ("TSXV") to extend the term of the outstanding warrants as follows:
Shares of the company, which lowered its full-year growth forecast, were down about 13% at $42.4 and dragged peers Juniper Networks, F5 Inc and Arista Networks down 1% to 3.1% in early trade. Enterprise-focused firms such as Cisco, which benefited as companies spent to upgrade technology infrastructure to incorporate hybrid work, have faced challenges due to a shortage in components which has worsened since key supply hub China implemented stringent COVID lockdowns in April. Cisco has a backlog of $15 billion in products, including $2 billion in software, a record value of orders that are yet to be delivered to customers.
NGEx Minerals Ltd. (TSXV: NGEX) ("NGEx Minerals" "NGEx" or the "Company") is pleased to report its results for the three months ended March 31, 2022. View PDF.
While retail stocks have been slammed in recent days, Canada Goose was up as much as 11 per cent on Thursday.
The stock market's brutal year neared a grim milestone as the S&P 500's slide on Friday threatened to leave it in a bear market for the first time since March 2020, fueled by worries over sky high inflation, a hawkish Federal Reserve and future economic growth. The benchmark S&P 500 index fell below 3837.248, a decline that on an intraday basis put it 20% from its Jan. 3 record closing high. Should that hold until Friday's close, it would confirm that the index is in a bear market – frequently defined as a drop of at least 20% from a closing high.
WELLINGTON (Reuters) -New Zealand's government on Thursday promised to spend more than NZ$1 billion ($630 million) to help people cope with inflation that has reached three-decade highs in the Pacific nation. The public deficit for the current financial year, ending on June 30, will be narrower than previously forecast but a return to surplus will take longer than expected, the government said in its annual budget announcement. "COVID-19, climate change and the war in Ukraine have taught us we need to build a more secure economy that protects New Zealand households from the external shocks we know are coming," she added.
TORONTO (Reuters) -The Canadian federal government and competition bureau should block Quebecor from buying Shaw Communications' wireless business, telecom operators Bell Inc and Telus said in separate letters to the government and the agency, people familiar with the matter told Reuters on Thursday. Selling Shaw's wireless business to Quebecor had been seen as a way to resolve anti-trust issues posed by Rogers Communications' proposed C$20 billion ($15.6 billion) purchase of Shaw.
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NEW YORK (Reuters) -Oil prices rebounded from two days of losses in a volatile session on Thursday, bolstered by weakness in the dollar and expectations that China could ease some lockdown restrictions that could boost demand. Crude benchmarks continued their spate of wild swings, with both Brent and U.S. crude rising by nearly $5 a barrel in the span of a few hours, recovering from losses earlier in the week. "The market has been extremely volatile," said Andrew Lipow, president of Lipow Oil Associates in Houston.
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Sales of previously occupied U.S. homes slowed for the third consecutive month in April as mortgage rates surged, driving up borrowing costs for would-be buyers as home prices soared to new highs. Existing home sales fell 2.4% last month from March to a seasonally adjusted annual rate of 5.61 million, the National Association of Realtors said Thursday. That was slightly higher than what economists were expecting, according to FactSet. Sales fell 5.9% from April last year. After climbing to a 6.4
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