U.S. consumer prices increased more than expected in January amid rises in the costs of shelter and health care, but it likely won’t change expectations that the Federal Reserve will start cutting interest rates in the first half of 2024. Markets anticipate U.S. central bank will start cutting interest rates …
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Bell denied stay in decision allowing smaller companies to sell internet using its fibre networks
The Federal Court of Appeal has rejected BCE Inc.’s request for a stay of a regulatory decision that will allow independent companies to sell internet services to their customers using its fibre network in Ontario and Quebec. CRTC’s November decision was meant to stimulate competition for internet services. The Federal …
Read More »WestJet could face costly delivery delays due to panel blowout on Boeing plane
WestJet is facing indefinite delays on dozens of new aircraft deliveries after a panel blowout on a Boeing 737 Max plane last month that prompted a halt to production expansion at the U.S. aircraft maker. Calgary-based carrier ordered 42 new Boeing 737 Max 10 jetliners in 2022. WestJet is facing …
Read More »What’s the buzz? Alberta is the powerhouse of Canada’s honeybee industry
Alberta is the country’s honey powerhouse — and the sweet commodity last year had never been worth more. As interest in beekeeping steadily rises, beekeepers and industry stakeholders are working to ensure Alberta’s bee population stays healthy. Province’s honey value surpassed $100M for the first time in 2023. Richard Ozero …
Read More »Asian markets mixed ahead of US inflation data
A pedestrian walks past an electronic board displaying the Nikkei 225 index and share prices on the Tokyo Stock Exchange in Tokyo on November 4, 2020, as Asian markets react to early predictions following the US presidential election. (Behrouz MEHRI / AFP) HONG KONG, China — Markets were mixed in …
Read More »UBS raises PH growth forecasts
May be fastest growth in Southeast Asia but still lower than the pre-Covid average of 6.6 percent. Banking giant UBS AG has raised its 2024 to 2025 gross domestic product (GDP) growth forecasts for the Philippines to 5.7 percent and six percent from 5.3 percent and 5.8 percent, respectively, following …
Read More »Aboitiz backs coal ‘phasedown’ approach
Aboitiz Power Corp., one of the country’s largest generation companies, is supporting a “phasedown” instead of a “phaseout” approach for coal-fired power projects as part of the government’s energy transition program, an executive said over the weekend. AboitizPower Thermal Business Group president and chief operating officer Celso Caballero III underscored …
Read More »BCCP raises concerns over plans to curb meat imports
A vendor arranges meat up for sale at Paco Public Market in Manila on February 1, 2024. (STAR / Edd Gumban) MANILA, Philippines — The British Chamber of Commerce Philippines (BCCP) expressed concerns on the agriculture department’s plan to temporarily suspend the minimum access volume (MAV) on corn and pork. …
Read More »Finance chief suggests adjusting PH economic growth targets
At a Glance: Finance Secretary Ralph Recto suggests adjustment of economic growth targets due to lower-than-expected expansion last year Recto emphasizes need for more realistic GDP targets set by the Development Budget Coordination Committee (DBCC) Discussion underway to establish more realistic targets for the future DBCC met on Feb. 5 …
Read More »Mike Holmes responds to CBC News story on demolished ‘Holmes Approved Homes’
For the first time, Mike Holmes has spoken publicly about a lawsuit that alleges houses in a “Holmes Approved Homes” housing development in Meaford, Ont. were built with defects, saying his company had no access to the houses during construction and was unable to help spot potential problems. Celebrity contractor …
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