Jennifer Ryan and Thyagaraju Adinarayan Mon., February 7, 2022 Peloton Interactive Inc. soared 31% on Monday after reports that it’s exploring takeover options, a move that could test investors who are holding short positions. The New York-based fitness and lifestlye company is working with an adviser after an earlier plunge in Peloton’s shares made it …
Peloton Soars After Reports of Takeover Interest Read More »
The number of hospitalizations related to COVID-19 in Ontario dropped again on Monday as the number of patients in the ICU with the disease remained stable. Right now, there are 2,155 patients in hospital with COVID-19 — a drop of 75 over Sunday’s total. The number of patients in the ICU is unchanged at 486. …
TORONTO (Reuters) – The Canadian dollar rallied against the greenback on Monday, recovering from a one-week low on Friday, as investors bet that weak domestic jobs data would not derail the start of the Bank of Canada’s interest rate hikes. The Canadian economy lost more jobs than expected in January as the Omicron-driven COVID-19 wave …
C$ rebounds as investors stick to BoC rate hike bets Read More »
The Canadian Press – Feb 7, 2022 Five things to watch for in the Canadian business world in the coming week: Trade numbers: Statistics Canada will release its international merchandise trade and services figures for December on Tuesday. Canada posted a merchandise trade surplus of $3.1 billion in November, despite the disruptions caused by flooding and …
Five things to watch for in the Canadian business world in the coming week Read More »
By Julien Ponthus (Reuters) -Growth and technology stocks rebounded on Friday, as traders weighed stellar results from Amazon.com Inc (NASDAQ:AMZN) against an unexpectedly strong U.S. employment number that propelled Treasury yields higher. The Nasdaq Composite index, which is heavy on tech and other growth stocks, was recently jumping about 2% a day after a historic crash in …
Tech, growth shares shine in Amazon-led rebound after Meta rout Read More »
Work to expand the oil pipeline is now forecast to cost more than $17 billion and likely won’t be done until sometime in 2023, sources say Chris Varcoe CALGARY — After facing interruptions caused by volatile weather and the pandemic, the Trans Mountain expansion is expected to run over budget by several billion dollars — …
The booming sector is expected to rise 5.3 per cent in 2022, study says Author of the article: Noella Ovid Publishing date: Feb 04, 2022 Canada’s technology services sector is fuelling growth across the economy and showing no signs of slowing down. According to a recent study by Business Development Bank of Canada (BDC), one in …
Posthaste: Canada’s tech sector fuels growth across economy Read More »
Unemployment rate rises to 6.5%, job losses about double what was expected Pete Evans · CBC News Canada’s economy lost 200,000 jobs last month, according to Statistics Canada, as COVID-19 shutdowns related to the Omicron variant saw many businesses close up shop. The data agency reported Friday that the decline pushed the unemployment rate up half a per …
Canada lost 200,000 jobs in January as Omicron hit hard Read More »
By Michael MacDonald The Canadian Press Wed., Feb. 2, 2022 HALIFAX – The Nova Scotia government has scuttled a bid by the province’s private electric utility to charge fees to customers who sell renewable power back to the electricity grid. Premier Tim Houston issued a statement Wednesday saying his government’s move is aimed at protecting the …
N.S. government kills electric utility’s bid to impose ‘net-metering’ charge on solar Read More »
The measure was first announced by Quebec Premier François Legault in January Ainslie MacLellan, Laura Marchand · CBC News · Posted: Feb 01, 2022 9:17 AM ET Quebec Premier François Legault says his government will not go ahead with a proposed tax on the unvaccinated, in order to protect “social cohesion” in the province. Legault made the announcement at a news conference …
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