Promises were made and money has exchanged hands, which are the primary reasons why the Canucks must finish their season schedule.
BANGKOK (AP) — Shares skidded in Asia on Wednesday after another broad decline on Wall Street as markets remain gripped by uncertainty over inflation, rising interest rates and the potential for a recession. U.S. futures edged higher while oil prices fell back. A weaker-than-expected U.S. consumer confidence reading highlighted worsening consumer expectations due to persistently high inflation. That “dragged equities lower as sentiment soured for risky assets," Anderson Alves of ActivTrades, sai
Canfor Corporation (TSX: CFP) and Canfor Pulp Products Inc. (TSX: CFX) jointly announce today the release of the 2021 Sustainability Report which includes additional performance targets for Climate Change, Water Management, Waste Management, and Air Quality. This is a continuation of their bold ambition to become an industry leader in sustainability and furthers their commitments to sustainable forestry; safety, health and wellness; inclusion and diversity amongst employees, and stronger partner
With inflation reaching highs not seen in nearly four decades, pressure is ramping up on governments to provide Canadians with some form of relief from high prices. But governments will have to be “very careful” when it comes to inflation relief, says the Public Policy Forum’s Sean Speer. He says that some policies, such as sales tax holidays, could result in higher interest rates if the Bank of Canada has to offset further boosts in demand. However, one area where Speer sees opportunity for the government to provide Canadians with financial relief is with the carbon tax. “There is a policy rationale that could be characterized as coherent and justified, to provide for at least in the short term, some temporary relief from the carbon tax,” Speer said. “That's one area where I think the government could take action without necessarily producing (a) challenge for the Bank of Canada.” If you have any policy-related questions, or feedback about the show, please email alicja@yahoofinance.com.
Investors in ether and its troubled twin stETH are nervously anticipating a crypto milestone: The merge. That's the name for a major upgrade of the Ethereum blockchain network upon which many crypto projects are built, aimed at making it leaner, meaner and cleaner. The merge was supposed to happen years ago but has been delayed several times, with developers most recently axing plans to push the button in June, unnerving investors who began to fear it might never see the light of day.
WASHINGTON (AP) — The new head of the government's road safety agency says it will intensify efforts to understand the risks posed by automated vehicle technology so it can decide what regulations may be necessary to protect drivers, passengers and pedestrians. In an interview Wednesday, Steven Cliff, who was confirmed last month as head of the National Highway Traffic Safety Administration, said the agency is assessing crash data recently reported by automakers and tech companies. Any new regul
Hyundai Motor Co has decided to delay the launch of its upgraded hydrogen-powered Nexo SUV to 2024 due to issues with its fuel cell development, a South Korean newspaper reported on Wednesday, citing the auto parts industry. The South Korean automaker had planned to kick off mass production and sales of its new Nexo in the second half of next year, but has decided to postpone to 2024, the Seoul Economic Daily reported. The Nexo was launched in 2018.
Liontown said on Wednesday it will supply Ford with 150,000 dry metric tonnes (DMT) of lithium spodumene concentrate each year for five years from its flagship Kathleen Valley project in Western Australia. The concentrate is a source of lithium essential for making EVs.
Canon Canada Inc., a leader in digital imaging solutions, is excited to announce the second year of its creative mentorship program, FUTURES by Canon Creator Lab. The program aims to equip creative young adults (ages 18-24) with the practical tools and business know-how to thrive and succeed in the creative economy. Through leveraging an extensive network of photo, video and content professionals, FUTURES provides participants with mentorship from some of Canada's leading creators who've blazed
Hong Kong's financial watchdog is tightening oversight on derivatives markets after the collapse of Archegos Capital Management, a senior official at the city's Securities and Futures Commission (SFC) said on Tuesday. Archegos, a U.S.-based family office of investor Bill Hwang which had $36 billion in assets, blew up last year when it was caught short on highly leveraged trades and left global banks with $10 billion in losses. A majority of Hwang's exposure was built via a type of equity derivative traded over the counter, written by his bank counterparties, which helped him to circumvent rules requiring reporting positions to U.S. regulators.
Spirit Airlines on Tuesday again cited antitrust concerns to reject JetBlue's sweetened offer and asked its shareholders to vote for a merger with Frontier at Thursday's meeting. The influential proxy advisory firm in a report dated Monday said, with the shareholder meet to approve the deal set as early as Thursday, it was hesitant to change its earlier stand recommending them to vote for Frontier's offer.
The Canadian dollar strengthened for a third straight day against its U.S. counterpart on Tuesday as the easing of COVID-19 restrictions in China bolstered investor sentiment. Global shares were higher and the price of oil, one of Canada's major exports, rose following China's decision to ease some quarantine requirements for international arrivals, a move that raised hopes for stronger growth and a revival in demand for commodities. U.S. crude prices advanced 1.3% to $110.98 a barrel, while the Canadian dollar was trading 0.3% higher at 1.2844 to the greenback, or 77.86 U.S. cents.
WASHINGTON (Reuters) -Big Four accounting firm Ernst & Young will pay $100 million to settle U.S. Securities and Exchange Commission (SEC) charges that its auditors cheated on certified public accounting (CPA) exams and that it misled the agency's investigators. The London-based auditor admitted to the charges and agreed to pay what the SEC said is its largest fine against an auditor. "EY acknowledges the findings determined by the SEC," said Brendan Mullin, EY media relations director, adding that the firm's response has been "thorough, extensive and effective."
Canada's oil-producing province of Alberta ended the 2021-22 fiscal year with a surprise surplus of C$3.9 billion ($3 billion), its first in seven years, helped by the economy reopening after the pandemic and a surge in energy prices, the government said on Tuesday. The province had initially projected a deficit of C$18.2 billion for the 2021/22 fiscal year, before significantly revising down the deficit forecast to C$3.2 billion in a scheduled third-quarter update on Feb. 24, the day Russia launched an invasion of Ukraine. Alberta had based its budget last year on an average WTI price of $46 per barrel, but oil prices shot up with a post-pandemic surge in demand and rose further due to supply constraints after the Russian invasion.
Health care workers are taking their issues right to Chatham, Ont.'s Riverview Gardens after they say negotiations have broken down.
Wangcheng District of central China's Changsha City, home place of Lei Feng, the role model for altruism in China, convened a themed conference to recruit urgently needed talents to help tackle difficult tasks in boosting industrial economy on Wednesday.
China will roll out tools in its policy reserve in a timely way to cope with more economic challenges, as COVID-19 outbreaks and risks from the Ukraine crisis pose a threat to employment and price stability, a state planner official said on Tuesday. The government will implement its existing support measures while improving its policy toolbox, Ou Hong, deputy secretary general at the National Development and Reform Commision, told a news conference. New policy support, depending on the circumstances, can be rolled out in a timely manner, he said.
The battered technology sector has been advancing lately thanks to two quality growth stocks with pricing powers. The post 2 Quality Growth Stocks Breathe Life Into the Tech Sector appeared first on The Motley Fool Canada.
Canada Soccer announced today a new partnership with Osmow's Shawarma, which will establish the Canadian restaurant chain as the Official Middle Eastern and Mediterranean Restaurant Partner of Canada Soccer's National Teams.
TORONTO — Waning consumer confidence and Fed warnings about interest rate hikes pushed North American stock markets lower ahead of data Wednesday that could confirm the U.S. is in a technical recession. After getting off to a positive start, markets floundered after two Federal Reserve members burst the bubble of investors who thought weaker economic data could prompt the central bank to pull its foot off the pedal of aggressive rate hikes. New York Fed president John Williams and San Francisco
The mediation process in the proposed telco merger could lead to more concessions and conditions before the competition watchdog grants an approval. The post $20 Billion Telco Merger: More Concessions and Conditions Ahead? appeared first on The Motley Fool Canada.
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