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Wall Street ticks higher as recession watch remains murky
NEW YORK (AP) — U.S. stocks ticked higher Monday as Wall Street keeps wrestling with whether the economy will successfully avoid a recession amid rising interest rates and high inflation. The S&P 500 edged up 0.3% and the Nasdaq rose 0.4%.
Jun 6, 2022 4:08 PM
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Striking Molson workers reject offer as picket lines stretch into 11th week
MONTREAL — Hundreds of striking Molson Canada workers have rejected an offer from the beverage company, keeping more than 400 employees on the picket lines and bar owners with less on tap. Teamsters Canada says the union local last week voted 92.
Jun 6, 2022 3:40 PM
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Canadian tech community braces for possible downturn as stocks fall, inflation rises
TORONTO — When Jack Newton looks around the tech sector, he has a sense of whiplash. Over the last two years, tech stocks soared as investors poured money into startups with pandemic-friendly products and services.
Jun 6, 2022 2:41 PM
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Descartes Systems buying XPS Technologies in deal worth up to US$140 million
WATERLOO, ONT. — Descartes Systems Group is buying U.S. company XPS Technologies in a deal worth up to US$140 million. XPS provides cloud-based parcel shipping services to small-, medium- and large-sized e-commerce shippers.
Jun 6, 2022 1:19 PM
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Food banks stretched thin as food prices rise, increasing hunger and food insecurity
TORONTO — A growing number of Canadians are struggling to afford groceries as prices for basics like pasta, bread and meat all soar, a new survey suggests.
Jun 6, 2022 12:48 PM
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Caisse to buy minority stake in three DP World assets in UAE for US$5 billion
MONTREAL — The Caisse de depot et placement du Québec is buying a minority stake in three DP World assets in the United Arab Emirates for US$5 billion. The Quebec pension fund manager will invest US$2.
Jun 6, 2022 11:59 AM
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Stocks climb on Wall Street, led by more gains in tech
NEW YORK (AP) — Stocks are off to a higher start on Wall Street Monday led by more gains in big tech companies. The S&P 500 was up 0.8%. The benchmark index is coming off its eighth losing week in the last nine. The Nasdaq rose 1.
Jun 6, 2022 9:50 AM
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Teck moves to protect 14,000 hectares of wildlife habitat in Canada and Chile
VANCOUVER — Teck Resources Ltd. says it is moving to protect 14,000 hectares of wildlife habitat in Canada and Chile.
Jun 6, 2022 9:42 AM
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Russia hits Kyiv with missiles; Putin warns West on arms
KYIV, Ukraine (AP) — Russia took aim Sunday at Western military supplies for Ukraine, launching airstrikes on Kyiv that it claimed destroyed tanks donated from abroad, as Vladimir Putin warned that any Western deliveries of longer-range rocket system
Jun 5, 2022 9:42 PM
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'Top Gun' stays aloft with $86M in its 2nd weekend
NEW YORK (AP) — The high-flying “Top Gun: Maverick” continued to soar in its second weekend, dropping just 32% from its opening with $86 million in ticket sales, according to studio estimates Sunday.
Jun 5, 2022 1:16 PM
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