Category Archives: Economy
Ottawa to block the ‘wholesale transfer’ of wireless licences in Shaw-Rogers deal
Rogers Communications Inc. said Thursday it still expects its $26-billion takeover of Shaw Communications Inc. to close in the first half of this year, even after Ottawa stated its intention to block the wholesale transfer of Shaw's wireless licences. ...
NJ fines DraftKings $150,000 for allowing proxy betting
ATLANTIC CITY, N.J. (AP) — New Jersey gambling regulators have fined DraftKings $150,000 for allowing a Florida man to make online sports bets from his home by having a friend who was present in New Jersey place the bets for
Major hurdle cleared in plan to demolish 4 California dams
PORTLAND, Ore. (AP) — Federal regulators on Friday issued a draft environmental impact statement saying there were significant benefits to a plan to demolish four massive dams on Northern California’s Klamath River to save imperiled migratory salmon, s...
EXPLAINER: What does Ukraine invasion mean for energy bills?
FRANKFURT, Germany (AP) — Even as gunfire sounded in Ukraine's capital, natural gas kept flowing normally Friday through the major pipelines from Russia to Europe. But the invasion and accompanying sanctions are casting a shadow over longstanding energ...
Federal government posts $70.1B deficit for April-to-December period
OTTAWA — The federal government posted a budgetary deficit of $70.1 billion for the April-to-December period of its 2021-22 fiscal year. In its monthly fiscal monitor report, the Finance Department says the result compared with a deficit of $248.2 bill...
Documents show Trudeau warned of issued linked to ‘build back better’ pledge
OTTAWA — Newly released documents show Prime Minister Justin Trudeau was given warnings about the complexity of plans to "build back better" from the pandemic that could lead to economic uncertainty. The idea of strengthening economic shortfalls uneart...
Ukrainians flee war, seeking safety across western borders
PRZEMYSL, Poland (AP) — Tens of thousands of Ukrainians have crossed into neighboring countries to the west in search of safety as Russia pounded their capital and other cities with airstrikes for a second day.
With big tax incentives, Virginia aims to lure Commanders
RICHMOND, Va. (AP) — Virginia lawmakers are advancing a measure intended to lure the Washington Commanders to the state by allowing the NFL team to forgo what could be $1 billion or more in future tax payments to help finance
J&J, distributors finalize $26B landmark opioid settlement
CAMDEN, N.J. (AP) — Drugmaker Johnson & Johnson and three major distributors finalized nationwide settlements over their role in the opioid addiction crisis Friday, an announcement that clears the way for $26 billion to flow to nearly every state a...
EU finance chiefs grapple with economic fallout from attack
BRUSSELS (AP) — After the political outrage against Russia comes the economic reckoning. Finance ministers of the 19 countries that use the euro gathered Friday in Paris
