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Wall Street has biggest pullback of the year, led by tech
NEW YORK — Wall Street had its biggest pullback of the year as a January market rally sputtered. Technology stocks led the way lower, including a 1.9% drop in Microsoft after the tech titan joined others in its industry in announcing layoffs.
Jan 18, 2023 2:12 PM
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Severe weather in Canada caused $3.1 billion in insured damages in 2022
The Insurance Bureau of Canada says severe weather caused $3.1 billion in insured damage in Canada in 2022, from flooding to storms to Hurricane Fiona. That makes 2022 the third worst year for insured losses in Canadian history.
Jan 18, 2023 1:53 PM
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December retail sales fall 1.1% as inflation takes a toll
NEW YORK (AP) — Americans cut back on spending in December, the second consecutive month they've done so, underscoring how inflation and the rising cost of using credit cards slowed consumer activity over the crucial holiday shopping season.
Jan 18, 2023 1:44 PM
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Irving Oil refinery to use renewable natural gas made from food waste under new deal
ST. JOHN'S, N.L. — Irving Oil says it has teamed up with a renewable energy producer to supply its Saint John, N.B., refinery with carbon-negative renewable natural gas. The New Brunswick company says Anaergia Inc.
Jan 18, 2023 1:29 PM
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Pension funds improving on climate but overall still falling short: report
TORONTO — Canadian pension funds are falling short in responding to the climate crisis despite recent progress by some, said a report by an advocacy group out Wednesday.
Jan 18, 2023 1:16 PM
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The 10 most expensive natural disasters in Canada by insurance payouts
These are the 10 most expensive natural disasters in Canada as measured by insurance payouts, adjusted for inflation in 2021. This data is from the Insurance Bureau of Canada. 1. Fort McMurray wildfires (2016): $4 billion 2.
Jan 18, 2023 12:19 PM
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At Davos, Zelenskyy urges allies to speed up push vs. Russia
DAVOS, Switzerland (AP) — Ukrainian President Volodymyr Zelenskyy told political leaders at the World Economic Forum meeting in Davos that Western supplies of weapons must outpace Russia’s attacks, urging the world to move faster because “tragedies a
Jan 18, 2023 12:16 PM
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Competition Bureau asked by Saskatoon chamber to investigate flights in Saskatchewan
SASKATOON — The Greater Saskatoon Chamber of Commerce is asking the federal competition regulator to investigate Air Canada's decision to end its flights between Saskatoon and Calgary and between Regina and Calgary.
Jan 18, 2023 12:15 PM
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Postmedia to move 12 Alberta papers to digital-only, will make layoffs
TORONTO — Postmedia is moving a dozen of its Alberta community newspapers to digital-only formats, eyeing more outsourcing deals for printing and laying off workers.
Jan 18, 2023 11:47 AM
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Shareholder Luxor Capital Goup opposes Ritchie Bros. deal to buy IAA
TORONTO — A shareholder of Ritchie Bros. Auctioneers Inc. says the company's plan to buy vehicle auction company IAA Inc. lacks compelling logic and it plans to oppose the deal. Ritchie Bros. has signed a deal to buy the U.S.
Jan 18, 2023 11:36 AM
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