Month: January 2022

Coronavirus: What’s happening in Canada and around the world on Monday

Ontario and Quebec easing restrictions, students in P.E.I. and N.B. returning to class CBC News · Posted: Jan 31, 2022 7:42 AM ET | Last Updated: 1 hour ago Students in Prince Edward Island and New Brunswick headed back to classrooms on Monday — a move that comes amid a broader easing of restrictions in the two …

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Lobby Wrap: Automotive industry wants training as EV sales increase

By Janet E Silver. Published on Jan 31, 2022 11:34am As fuel prices across the country increase more Canadians are looking to electric vehicles as their next automotive purchase. New Transport Canada data shows that about 130,000 consumers across the country took advantage of the $5000 federal incentive to purchase an electric vehicle since the program began in …

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Canada’s Oil Sands Stocks Surge Even as Some Companies Exit

January 31, 2022 EnergyNow Media (Bloomberg)Canada’s oil companies are outperforming their energy-producing peers as the highest oil prices in seven years brings a windfall of cash.The combined shares of five of the largest oil sands companies have outpaced the broader S&P 500 Energy Index over the past three months, data compiled by Bloomberg show.The 25% …

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BlackBerry to sell legacy patents related to mobile devices, messaging for $600 million

The move comes weeks after BlackBerry pulled the plug on service for its once ubiquitous business smartphones BlackBerry Ltd. said on Monday it will sell its legacy patents primarily related to mobile devices, messaging and wireless networking for US$600 million to a special purpose vehicle formed to acquire the company’s patent assets. BlackBerry said the …

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Canada: Trudeau denounces anti-vaccine trucker protests

Canadian PM slams intimidation, vandalism and ‘racist flags’ at demonstrations organised by some far-right activists. By Al Jazeera StaffPublished On 31 Jan 202231 Jan 2022 Canadian Prime Minister Justin Trudeau has denounced “symbols of hatred and division” that were on display during mass demonstrations by anti-vaccine truckers and their supporters in the capital, Ottawa. Speaking to …

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Trillion-dollar tech companies set to report quarterly results amid worst January slump since 2008

PUBLISHED TUE, JAN 25 2022 3:25 PM EST Alex Sherman KEY POINTS Microsoft reported better-than-expected quarterly revenue and earnings on Tuesday and delivered an optimistic outlook. Tesla and Apple report quarterly results this week. This earnings season for tech companies will be the most important in a decade, wrote Wedbush analyst Dan Ives in a …

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Goldman, Citi strategists say it’s now time to buy stocks rout

Joanna Ossinger and Farah Elbahrawy, Bloomberg News After a selloff that put global stocks on course for their worst month since the start of the pandemic, strategists from Goldman Sachs Group Inc. to Citigroup Inc. say it’s now time to buy. “Any further significant weakness at the index level should be seen as a buying opportunity, …

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Bank of Canada maintains policy rate, removes exceptional forward guidance

January 26, 2022 The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ %, with the Bank Rate at ½ % and the deposit rate at ¼ %. With overall economic slack now absorbed, the Bank has removed its exceptional forward guidance on its policy interest rate. The Bank …

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