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Precision Drilling beats debt reduction goal for 2022

Precision Drilling beats debt reduction goal for 2022

CALGARY — Precision Drilling Corp. says it has beat its debt reduction goal for 2022. The company says it reduced its total debt by C$106 million in 2022, exceeding its C$75-million debt reduction goal. As of Dec.
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CIBC agrees to settle overtime class-action lawsuit, will pay $153 million

CIBC agrees to settle overtime class-action lawsuit, will pay $153 million

TORONTO — CIBC has agreed to pay a total of $153 million to settle a class-action lawsuit filed more than a decade ago over the bank's overtime policies, lawyers for the plaintiffs say.
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Don't neglect bonds this year despite tough 2022, experts say

Don't neglect bonds this year despite tough 2022, experts say

OTTAWA — Bond portfolios took a beating in 2022 as interest rates climbed, but experts say investors shouldn't neglect bonds this year as the Bank of Canada nears the end of its rate hike cycle.
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Fewer Americans file for jobless claims last week

Fewer Americans file for jobless claims last week

WASHINGTON (AP) — Fewer Americans applied for jobless benefits last week, reflecting a still-robust job market despite the Federal Reserve's efforts to cool the economy and bring down decades-high inflation.
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2022 auto sales lowest since 2009, rise in December: DesRosiers

2022 auto sales lowest since 2009, rise in December: DesRosiers

DesRosiers Automotive Consultants Inc. says light vehicle sales were up 5.5 per cent in December compared with last year but were down for the whole year.
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Most actively traded companies on the Toronto Stock Exchange

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (19,588.83, up 145.06): Toronto-Dominion Bank (TSX:TD). Financials. Up $1.14, or 1.30 per cent, to $88.81 on 19.9 million shares.
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S&P/TSX composite index rises despite oil price weakness, U.S. markets also up

S&P/TSX composite index rises despite oil price weakness, U.S. markets also up

TORONTO — Canada's main stock index gained almost 150 points on Wednesday, buoyed by strength in the financial and technology sectors despite weakness in energy stocks, while U.S. markets also rose. The S&P/TSX composite index was up 145.
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Stocks end higher after Fed meeting minutes, strong job data

Stocks end higher after Fed meeting minutes, strong job data

NEW YORK — Stocks ended higher on Wall Street after a day of wavering as minutes from the Federal Reserve’s last meeting of policymakers underscored how the central bank remains determined to keep rates high to crush inflation.
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Vancouver market takes 'wait and see' approach as Dec. sales fall 52% from year ago

Vancouver market takes 'wait and see' approach as Dec. sales fall 52% from year ago

Greater Vancouver ended 2022 with another month of prospective homebuyers taking a "wait and see" approach, which the region's real estate board said pushed down sales by 52 per cent and prices three per cent from the year before.
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EU urges pre-flight COVID-19 tests on passengers from China

EU urges pre-flight COVID-19 tests on passengers from China

BRUSSELS (AP) — The European Union on Wednesday “strongly encouraged” its member states to impose pre-departure COVID-19 testing of passengers from China, in a move that is likely to upset Beijing and has already been criticized by the global airline
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