Irving Oil says it has launched a strategic review that will consider, among other things, “a full or partial sale” of the company, one of the largest in New Brunswick. “A strategic review of the company is underway, and a series of options are being evaluated related to the company’s future,” the Saint John-based company…
Tag: business today usa
Vancouver home sales rise in May, nearing 10-year average – Business News
Home sales, prices rising The Canadian Press – Jun 2, 2023 / 10:00 am | Stories: 429918 Photo: The Canadian Press The Real Estate Board of Greater Vancouver says May home sales rose 15.7 per cent from a year earlier. The BC board says Vancouver’s housing market is showing signs of heating up heading into…
Net benefits to Canada went unquestioned in big forestry buyouts – Business News
Photo: Glacier Media file photo. The Catalyst paper mill in Powell River was indefinitely shut down not long after Paper Excellence purchased it. Earlier this year, Paper Excellence capped off an unprecedented series of multibillion-dollar buyouts to become the largest forestry company in Canada. Members of Parliament investigating the company’s business ties and corporate structure…
Canada’s economy grew by more than expected in the first quarter, upping the odds of the rate hike next week
The Canadian economy grew at an annualized rate of 3.1 per cent in the first quarter of 2023, Statistics Canada reported Wednesday. The latest data shows growth beating out the federal agency’s own forecast of 2.5 per cent for the quarter. A preliminary estimate suggests the economy grew by 0.2 per cent in April, after…
Business News – Gazette Journal
home » News » Business News Upsy Daisy: repurpose for a purpose (5/31/2023) – If you are seeking to fulfill a crafty itch, have a pile of donable goods after spring cleaning, or simply wish to help the community in a creative way, look… … The care clinic receives a $1,000 grant from Walmart…
US added 339,000 jobs last month, far more than expected
The nation’s employers stepped up their hiring in May, adding a robust 339,000 jobs, well above expectations and evidence of strength in an economy that the Federal Reserve is desperately trying to cool. Friday’s report from the government showed that the unemployment rate rose to 3.7 per cent, from a five-decade low of 3.4 per…
Morning Business Report: There is a new debt ceiling agreement, now lawmakers must decide if they support it – 41NBC News
A deal proposed to lift the federal debt limit would have only a small cooling effect on the US economy and high inflation, according to economists. It does little to reduce government spending that grew rapidly during the Covid-19 pandemic and its aftermath. There’s one particular component of the deal that could ding the economy…
Memorial Day Business Report: How Microsoft believes AI will help employees – 41NBC News
Alongside the crush of data, information, and always-on communications the pace of work has increased exponentially. Employees are struggling to shoulder the weight of it all. Meanwhile, business leaders feel pressure to increase productivity amid economic uncertainty. People spend more and more of their days separating the signal from the noise, and it’s coming at…