DIRS.INFO The most relevant business & tech news

FORT SMITH, Northwest Territories (AP) — The death toll from a small plane crash in Canada's Northwest Territories was six, authorities said Wednesday. The Northwest Territories coroner’s office said that four passengers and two crew members from Northwestern Air Lease were killed in Tuesday's crash, while a lone survivor was taken to a hospital and later airlifted to Yellowknife. The plane took off from the airport in Fort Smith, and then crashed near the banks of the Slave River. The town of Fort Smith is about 2,100 kilometers (1,300 miles) northeast of Vancouver, British Columbia, near the border between Alberta and the Northwest Territories. The Canadian military responded when the plane lost contact shortly after taking off near Fort Smith.

Persons: Rio, Jakob Stausholm Organizations: Northwestern Air Lease, Rio Tinto Locations: SMITH, Northwest Territories, Canada's Northwest Territories, Rio Tinto, Territories, Yellowknife, Fort Smith, Rio, “, Vancouver , British Columbia, Alberta

TORONTO (AP) — A Canadian judge has ruled that the government’s use of the Emergencies Act to quell weeks of protests by truckers and others angry over COVID-19 restrictions in 2022 was unreasonable and unconstitutional. In the decision released Tuesday, Federal Court Justice Richard Mosley said the invocation of the Emergencies Act led to the infringement of constitutional rights. Political Cartoons View All 253 Images“I conclude that there was no national emergency justifying the invocation of the Emergencies Act and the decision to do so was therefore unreasonable,” Mosley wrote. Freeland said it was a hard decision to invoke the act but called the protests a serious threat to public safety, national security and Canada's economic security. The protests were first aimed at a COVID-19 vaccine mandate for cross-border truckers.

Persons: Hill, Justin Trudeau’s, Richard Mosley, ” Mosley, Chrystia Freeland, Freeland, Trudeau Organizations: TORONTO, Canadian, Justin Trudeau’s Liberal, Convoy, Police, Federal, Canadian Civil Liberties Association, Ottawa, Canada’s, Rights, Freedoms Locations: Ottawa, U.S, Canada, Coutts , Alberta, Montana, France , New Zealand, Netherlands, Windsor , Ontario, Detroit

Speaking at a Cabinet retreat, Trudeau said that Trump “represents uncertainty. Trudeau said that his industry and trade ministers will lead the “Team Canada approach” with the business community. Trump as president called Trudeau “weak” and “dishonest” and attacked Canada’s vital trade. Nelson Wiseman, a political science professor at the University of Toronto, said the Trudeau government is anxious about the prospect of another Trump presidency. "The impact would be greater on Canada than on any other country with the possible exception of Mexico,” Wiseman said.

Persons: —, Donald Trump, Justin Trudeau, Trudeau, ”, “, Trump, ” Trudeau, Kirsten Hillman, Washington's, ” François, Philippe Champagne, ” Daniel Béland, ” Béland, Nelson Wiseman, Wiseman, ” Wiseman Organizations: TORONTO, Trump, New, Republican, Trudeau’s, “ Team Canada, American Free Trade, U.S, Trade, Canada’s, Innovation, Science, Industry, McGill University, University of Toronto, “ Locations: Canada, U.S, Iowa, Montreal, Mexico, United States

☆ Meta's retreat from news accelerated in 2023, leaving publishers scrambling for traffic
▼ + stars: | 2024-01-22 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +14 min

At Mother Jones, a 48-year-old nonprofit magazine specializing in politics and investigations, the implications were dramatic. "The firehose of Facebook traffic was never going to pay for our journalism, for the majority of our journalism," Bauerlein said. Last decade, many publishers saw their "social traffic decline pretty dramatically," with Facebook deprioritizing text-based articles in favor of video content, Cholke said. "If we all end up finding news in the metaverse, then you'll be finding Mother Jones in the metaverse," she said. What Mother Jones won't do, she said, is "bet everything on one platform, because that never works out."

Persons: Mark Zuckerberg, Sen, John Kennedy, Bill Clark, Reuters Mother Jones, Monika Bauerlein, Mother Jones, Meta, Donald Trump, Bauerlein, Jill Nicholson, Nicholson, Zuckerberg, David Carr, Carr, We've, Meta hasn't, It's, Similarweb, Sam Cholke, John S, Adams, Jonah Peretti, " Peretti, Jessica Probus, BuzzFeed's, BuzzFeed, Probus, Cholke, that's, Chartbeat's Nicholson, Mathew Ingram, Facebook, Ingram, Pew, Elisa Shearer, influencers, Jones Organizations: Facebook, Reuters, Mother, CNBC, Google, Meta, Daily, Comcast, Vice Media, Institute for Nonprofit News, Texas Tribune, Montana Free Press, The Texas Tribune, Institute for Nonprofit, Longtime, Columbia Journalism, Pew Research Center, Pew Locations: Washington, France, Germany, Australia, Helena, American

☆ I moved to the middle of Canada, where the affordable healthcare is great, but the closest city is 2 hours away and I can't find anything cheap on Amazon
▼ + stars: | 2024-01-19 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +7 min

Leslie Redmond, 37, moved to Winnipeg, Canada, from Alaska in 2022. There's a really big Ukrainian population and a really big Polish population. So there are a lot of flavors and foods that are really ubiquitous up here that I wouldn't have had in the States. That was the case across Canada — and across the US — but I think that's kind of slowed down a little bit now. I would say Winnipeg is pretty equivalent to Alaska, but Alaska is higher than what you would find in the lower 48.

Persons: Leslie Redmond, —, It's, I've, Redmond, I'd, Justin Reitsma, they're, it's Organizations: Service, of Agricultural, Food Sciences, University of Manitoba Locations: Winnipeg, Canada, Alaska, There's, States, North Dakota, Vancouver, Quebec, Yukon, we're, Grand Forks, Target, there's, Manitoba, Redmond, oceanside

☆ Starbucks sued for allegedly using coffee from farms with rights abuses while touting its ‘ethical’ sourcing
▼ + stars: | 2024-01-10 | by ( Kenzi Abou-Sabe | Adiel Kaplan | ) www.cnbc.com time to read: +6 min

A consumer advocacy group is suing Starbucks, the world's largest coffee brand, for false advertising, alleging that it sources coffee and tea from farms with human rights and labor abuses, while touting its commitment to ethical sourcing. "But it's pretty clear that there are significant human rights and labor abuses across Starbucks' supply chain." Practices, in 2004 to oversee its coffee sourcing in more than 30 countries. The verification program holds Starbucks coffee suppliers to more than 200 environmental, labor and quality standards. "I think it is really hard to have an ethical supply chain.

Persons: Sally Greenberg, Greenberg, Genevieve LeBaron, LeBaron Organizations: Starbucks, D.C, National Consumers League, NBC News, Brasil, SCS Global Services, Conservation International, Rainforest Alliance, Hershey, School of Public, Simon Fraser University, United Nations Locations: Washington, Guatemala, Kenya, Brazil

☆ The most exciting new trains coming in 2024
▼ + stars: | 2024-01-04 | by ( Ben Jones | ) edition.cnn.com time to read: +13 min

CNN —Around the world, travelers are flocking back to trains, and demand is increasing across the board for high-speed trains, luxury “land cruises” and long-distance day and night trains. Here are some of the best new trains you’ll be able to take in 2024. Laurie Dieffembacq/Belga/AFP/Getty ImagesLinks between two of Europe’s most visited capitals have traditionally been pretty poor, with no direct trains since the 1990s. Ian Clarke/Alamy Stock PhotoFour continents, 13 countries, and seven luxury trains across 80 days – the ultimate experience for rail travel connoisseurs is due to depart in late 2024. BelmondOne of the world’s greatest luxury train journeys is returning to the rails in 2024 after a four-year gap.

Persons: Laurie Dieffembacq, Dimorestudio, Vita ”, Riva Aquarama, itineraries, Jeroen Berends, Gabriel Bouys, it’s, Jesus Hellin, That’s, Trenitalia, Luigi Ferraris, France –, Railbookers, Ian Clarke, we’ve, ”, Frank Marini, Alex Halada, There’s Organizations: CNN, Orient, Getty, ÖBB, Austrian Federal Railways, SNCF, Eurostar, National, Europa Press, French, Renfe, FS, Rocky Mountaineer, Royal, Orient Express, Oriental, ”, Oriental Express, Austrian Railways, Swiss Locations: Swiss, Venice, Paris, Berlin, AFP, Strasbourg, Frankfurt, Italy, Rome, Matera, Palermo, Sicily, Messina, Europe’s, Istanbul, Split, Brussels, Prague, Europe, Dutch, Dresden, Belgian, Roman, Naples, Madrid, Spain, France, Spanish, Barcelona, Lyon, Marseille, Canada, Central Europe, India, South Africa, Eastern, Vancouver, Malaysia, Singapore, Malaysia’s, Kuala Lumpur, Langkawi, Penang, Bangkok, Vienna, Innsbruck, Hamburg, Switzerland, Germany, Zürich, Gornergrat Bahn, Zermatt, Gornergrat, Riffelalp

☆ A 27-year-old freelance writer increased his income by more than 50% in one year. He explains how GPT-4 and other tools help him bring in six-figures working just 3 hours a day.
▼ + stars: | 2023-12-19 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +7 min

Read previewIn 2022, Vancouver-based freelance writer Tony Dong made CA$149,000 working about 30 hours per week. "I was kind of stuck, and the choice was between working more hours and billing more or working more efficiently," the financial writer told Business Insider. AdvertisementThanks to GPT-4 and other tools, Dong managed to increase his income by more than 50% in 2023 — he's on track to earn CA$238,000 (about $180,000) as of December 2023 — while working fewer hours. His process looks very similar to how it did in 2022 — he was also using AI tools last year. At the end of the day, "your job as a writer is to make the editor's job as easy as possible."

Persons: —, Tony Dong, Dong, he's, GPT, It's, I'm, they're Organizations: Service, Bank of, Business, . News, USA, Google, Microsoft Locations: Vancouver, GPT, Grammarly

☆ The Ukrainian sniper team claiming the world's longest kill shot described how they shot a Russian officer from over 2 miles away
▼ + stars: | 2023-12-05 | by ( Natalie Musumeci | Jake Epstein | ) www.businessinsider.com time to read: +4 min

The Ukrainian sniper team claiming the world's longest kill shot has described shooting a Russian soldier. "I was thinking that Russians would now know that is what Ukrainians are capable of," the sniper told the WSJ. "I was thinking that Russians would now know that is what Ukrainians are capable of," Kovalskiy told the news outlet in a report published Monday. A view from the viewfinder of a Ukrainian sniper rifle at a shooting range amid Russia and Ukraine war in Donetsk Oblast, Ukraine on August 09, 2023. AdvertisementBefore that shot, British army sniper Craig Harrison was believed to have held the record after killing a Taliban militant from 1.5 miles away.

Persons: Vyacheslav Kovalskiy, —, Kovalskiy, that's, Ignacio Marin, Kovalskiy's, Craig Harrison Organizations: Ukrainian, Service, Wall Street, Security Service, US Marine Corps, Anadolu Agency, Getty, Street, Islamic Locations: Russian, Ukraine, Ukrainian, Kherson, Russia, Donetsk Oblast, Canadian

While over the years the pipeline's start date has been moved further back, supply has kept coming. Light synthetic crude from the oil sands, another key Canadian grade, is trading close to its deepest discount since 2020. With Canada exporting around 3.8 million bpd via pipelines, each additional dollar the discount widens amounts to millions in lost revenues for oil companies, analysts say. Conventional oil and gas producers will drill 8% more wells in 2024 to take advantage of greater access to pipelines including Trans Mountain. Rail exports hit 145,000 bpd in September, nearly doubling from May, according to latest data from the Canada Energy Regulator.

Persons: TMX, linefill, WCS, Martin King, It's, Heather Exner, Kevin Birn, Enbridge, James Davis ,, Jesse Jones, Jones, We're, John Zahary, Kent MacDougall, Nia Williams, Stephanie Kelly, Marguerita Choy, Denny Thomas, Simon Webb Organizations: Producers, Canadian, Canada, RBN Energy, Business Council of Canada, U.S ., P, ., Inc, Rail, Canada Energy Regulator, TMX, Altex Energy, Thomson Locations: Asia, British Columbia, Alberta, Canada, U.S . Canada

☆ California's Salton Sea could hold enough lithium for 375 million batteries — more than the total number of vehicles currently on US roads
▼ + stars: | 2023-12-05 | by ( Jennifer Solis | Nevada Current | ) www.businessinsider.com time to read: +6 min

The US Department of Energy released an analysis estimating how much lithium is under the Salton Sea. Salton Sea has the potential to produce an estimated 375 million lithium batteries for electric vehicles — more than the total number of vehicles currently on US roads, according to the analysis commissioned by the Department of Energy. It's the most comprehensive analysis to date quantifying the domestic lithium resources in California's Salton Sea region. AdvertisementIf the Salton Sea lithium can be extracted, it could give the US the ability to produce domestically sourced lithium, ending the nation's dependence on rival countries for a supply of the metal. AdvertisementThe state of California is also leaning into the development of lithium extraction in the Salton Sea.

Persons: DOE's Lawrence, Biden's, Jeff Marootian, George Rose, Gavin Newsom, Thacker Organizations: US Department of Energy, Service, Department of Energy, DOE's Lawrence Berkeley National Laboratory, Berkshire Hathaway Energy, DOE, California State, California Gov, US Fish and Wildlife Service Locations: Nevada's Thacker, Salton, Niland , California, California, Saudi Arabia, Nevada, In Nevada, Esmeralda County

☆ People are moving to Canada dreaming of a utopia with free healthcare and more tolerance. But the reality is Canada has its own set of problems.
▼ + stars: | 2023-12-05 | by ( Jordan Pandy | Alcynna Lloyd | ) www.businessinsider.com time to read: +7 min

Two Americans who moved to Canada told Business Insider they did so to escape polarized and divisive politics, inadequate healthcare, and to feel safer in their communities. A lot of the characteristics Ouellet was looking for in New Zealand, he said, he found in British Columbia. Advertisement"In British Columbia, the regulations for being able to own a gun are extremely tight," he said. He added that there is still an opioid crisis in British Columbia, but it's not as striking as it is in Portland. Ouellet has no regrets about moving to British Columbia, but Canada's housing crisis sidelined his dreams of homeownership.

Persons: —, Rae Johnson, Johnson, Donald Trump, Hillary Clinton, wasn't, Joe Biden, Roe, Wade, Michael Niren, couldn't, Niren, United States —, Canada Chris Ouellet, Ouellet, hasn't, it's, he's Organizations: Service, Business, Trump, Ministry of Health Locations: Canada, Los Angeles, California, United States, American, Portland , Oregon, Victoria, British Columbia, Wellington , New Zealand, New Zealand, Pacific Northwest, Portland, Chicago

☆ People are fleeing California. Here's where they're plotting to move to.
▼ + stars: | 2023-12-04 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +3 min

San Francisco, Los Angeles, and San Diego residents are looking to move to Las Vegas and Seattle, Redfin found. Some parts of California are losing residents due to the high cost of living, politics, and crime. Bob Giramma, a 63-year-old business owner, moved away from San Diego and landed in Murfreesboro, Tennessee , a town 30 miles southeast of Nashville. Now residents of some of the most populous cities in California — Los Angeles, San Diego, and San Francisco — are eyeing other cities, according to home-listings site Redfin, which tracks where its users are house-hunting. Allan BaxterPeople looking to move out of San Francisco, Los Angeles, and San Diego, Redfin additionally found, are most often searching for homes in Las Vegas and Seattle.

Persons: Redfin, —, Bob Giramma, Giramma, Francisco —, Allan Baxter, relocators, Andrew Arevalo, he's, Arevalo Organizations: Service, Census Bureau, Business, California —, Las, Los, Denver Locations: California, San Francisco , Los Angeles, San Diego, Las Vegas, Seattle, Murfreesboro , Tennessee, Nashville, Tennessee, Texas, Arizona, Florida, Oregon, Colorado, California — Los Angeles, Francisco , Los Angeles, —, Vegas , Nevada, San, Los Angeles, Washington, Nevada, Millennials, Las, Vegas

☆ 'All of Us Strangers' dominates British Independent Film Awards
▼ + stars: | 2023-12-04 | by ( Hanna Rantala | ) www.reuters.com time to read: +2 min

LONDON, Dec 3 (Reuters) - Drama "All of Us Strangers" was the big winner at the British Independent Film Awards (BIFA) on Sunday, taking home seven awards, including best British independent film and best director. "All of Us Strangers", a mystery drama about love and loss, stars Andrew Scott as Adam, a writer living in a near-empty London high-rise. It's a movie about love and we're so proud of it," Scott told Reuters on the red carpet. The provocatively titled film follows three British teen girls who go on holiday with the aim of drinking, clubbing and hooking up. French filmmaker Justine Triet's Palme d'Or-winning movie "Anatomy of a Fall" was named best international independent film.

Persons: Jodie Comer, Celine Song, Andrew Scott, Adam, Harry, Andrew Haigh, Paul Mescal, Claire Foy, Jamie Bell, it's, It's, Scott, Mia McKenna, Bruce, Shaun Thomas, McKenna, George Mackay, Nathan Stewart, Jarrett, Sam H, Freeman, Ng Choon Ping, Justine Triet's Palme, Hanna Rantala, Neil Fullikc Organizations: British, Reuters, Thomson Locations: London, French

[1/2] Members of the International Federation of Medical Students Associations hold placards during a protest demanding an end to fossil fuels at COP28 World Climate Summit, in Dubai, United Arab Emirates, December 3, 2023. Climate-related impacts "have become one of the greatest threats to human health in the 21st century", COP28 President Sultan Ahmed Al-Jaber said in a statement. The World Bank on Sunday launched a new Climate and Health program to explore possible interventions and public health solutions for developing countries. "We have new tools at the lab level that decimate mosquito populations," said Gates, whose foundation supports public health research and projects for the developing world. Former U.S. Secretary of State Hillary Clinton also spoke on Sunday at COP28, urging reform to the world's insurance system as another key requirement to keep people safe.

Persons: Amr Alfiky, Sultan Ahmed Al, Jaber, COP28, Joseph Vipond, Storm Daniel, Bill Gates, Gates, Hillary Clinton, Clinton, Gloria Dickie, Elizabeth Piper, Alexander Cornwell, Simon Jessop, Kate Abnett, William James, Katy Daigle, Jan Harvey Organizations: International Federation of Medical, United Arab Emirates, REUTERS, Rights, Physicians, World Health Organization, Bank, Sunday, Health, World Bank, Microsoft, Former U.S, Reuters, Thomson Locations: Dubai, United Arab, Alberta, Canada, Western, Libya, Pakistan, COP28

☆ Self-service security screening is coming to airports, but PreCheck passengers are getting priority
▼ + stars: | 2023-12-02 | by ( Katie Balevic | ) www.businessinsider.com time to read: +3 min

A self-service TSA screening model may be making its way to an airport near you. The programs are meant to expedite screening while improving safety, the DHS said in a press release. AdvertisementAs officials at the Transportation Security Administration grapple with air travel resuming at pre-pandemic levels, the Department of Homeland Security is testing out self-service screening options. "Like self-ordering kiosks at fast food and sit-down restaurants, self-service screening allows passengers in the Trusted Traveler Program to complete the security screening process on their own," John Fortune, the program's manager, said in the press release. AdvertisementThe program will allow passengers to move through the screening "at their own pace" while minimizing in-person contact between officers and passengers, Fortune said.

Persons: Harry Reid, —, TSA PreCheck, Nevada's Harry Reid, John Fortune, Fortune, Christina Peach Organizations: TSA, Harry, Harry Reid International, DHS, Service, Transportation, Department of Homeland Security, Transportation Security, PAX, Task Force Locations: Las Vegas

☆ Ghostly new figures come to world’s first underwater gallery in Caribbean
▼ + stars: | 2023-12-01 | by ( Tamara Hardingham-Gill | ) edition.cnn.com time to read: +8 min

CNN —The world’s first underwater sculpture park has just gotten a lot bigger. Created by British sculptor and ecologist Jason deCaires Taylor in 2006, the Molinere Bay Underwater Sculpture Park in Grenada is now one of the Caribbean country’s most popular underwater attractions. Underwater attractionThe Molinere Bay Underwater Sculpture Park in Grenada has expanded, with the addition of 31 new sculptures. According to deCaires Taylor, marine life had already made itself at home within the sculptures days after they were installed. I haven’t seen that before.”This also marks the first time deCaires Taylor has introduced color into his underwater sculptures.

Persons: Jason deCaires Taylor, ” deCaires Taylor, It’s, deCaires Taylor, Troy Lewis, Bianca C, ”, Dickon Mitchell, “, he’s, Hurricane Ivan, “ I’d, ” “ It’s, it’s, ” He’s, “ I’m Organizations: CNN, Grenadian Ministry, CNN Travel, Visitors, Museum of, Art, Museum Locations: British, Grenada, Caribbean, Marina, Australia, Napa, Cyprus, Carriacou

☆ Canada's Brookfield raises record $28 billion for infrastructure fund
▼ + stars: | 2023-12-01 | by ( ) www.reuters.com time to read: +2 min

Dec 1 (Reuters) - Canada's Brookfield Asset Management (BAM.TO) said on Friday it had raised $28 billion for its largest-ever fund, wagering on infrastructure assets the company believes would benefit from a shift to "deglobalization", given recent geopolitical tensions. Brookfield said the fund has already deployed 40% of its capital in six investments including renewable, transport, data center and telecom tower assets. The company, which manages over $850 billion in assets, said it had also raised $2 billion for related co-investment vehicles. Besides "deglobalization", Brookfield's latest fund will also focus on infrastructure assets tied to digitalization and decarbonization, the company said. The company had raised $20 billion for its previous global infrastructure fund in 2020.

Persons: Brookfield, Niket, Pooja Desai Organizations: Brookfield Asset Management, Thomson Locations: Brookfield, Ukraine, Bengaluru

PITTSBURGH (AP) — The momentary bliss-fueled blackouts that used to consume T.J. Watt after every big play still come. So maybe it's best to let others — like older brother J.J. Watt — serve as his hype men. Steelers head coach Mike Tomlin called Watt “the best defensive player on the planet” on Tuesday. Pittsburgh safety Minkah Fitzpatrick — himself a three-time All-Pro — laughed when asked if he took Tomlin's praise of Watt personally. “I just want to continue to be the best player I can be for myself and for this team.”___

Persons: Watt, It's, Bud Dupree, ” Watt, “, “ I’ve, I’m, ”, Matt Canada's, Alex Highsmith, Will Levis, J.J, Watt —, Mike Tomlin, Minkah Fitzpatrick —, —, Fitzpatrick, Tomlin, ” Fitzpatrick, James Conner, Conner, “ TJ, line’s, Cole Holcomb, It’s, Teryl Austin, Derek, He's, Nick Herbig, pang, I've, “ You've, Broderick Jones, you’re, Reggie White, hasn't Organizations: PITTSBURGH, Pittsburgh Steelers, NFL, Steelers, Pittsburgh, Cleveland, Baltimore, Tennessee, Titans, Steeler, of Fame Locations: Pittsburgh, Arizona, Wisconsin

☆ National Bank of Canada's fourth-quarter profit jumps on capital markets strength
▼ + stars: | 2023-12-01 | by ( ) www.reuters.com time to read: +1 min

The National Bank of Canada logo is seen outside of a branch in Ottawa, Ontario, Canada, February 14, 2019. REUTERS/Chris Wattie/File Photo Acquire Licensing RightsDec 1 (Reuters) - National Bank of Canada (NA.TO) reported a rise in fourth-quarter profit on Friday, as a strong performance at its capital markets unit helped offset the hit from bigger provisions. NBC's adjusted net interest income, the difference between what banks earn on loans and pay out on deposits, slumped about 35.1% to C$825 million. Its financial markets segment, however, posted an adjusted net income of C$289 million, up 42%, driven by strength in capital markets and global markets businesses. The bank's adjusted net income rose to C$867 million ($641.13 million), or C$2.44 per share, for the three months ended Oct. 31, from C$738 million, or C$2.08 per share, a year earlier.

Persons: Chris Wattie, Arasu Kannagi Basil, Shilpi Majumdar Organizations: National Bank of Canada, REUTERS, Thomson Locations: Ottawa , Ontario, Canada, Montreal, Bengaluru

OTTAWA, Nov 30 (Reuters) - The Canadian economy unexpectedly contracted at an annualized rate of 1.1% in the third quarter, data showed on Thursday, avoiding a recession but showing growth stumbling ahead of next week's interest-rate decision. The economy avoided slipping into a technical recession - defined as two consecutive quarter-on-quarter contractions - because second-quarter GDP data was revised up to a 1.4% gain from an initial report of a 0.2% decline, Statistics Canada said. The BoC has remained on the sidelines since July after lifting its benchmark interest rate to a 22-year high of 5% to tame inflation. "The bottom line is that the economy is still sputtering along," said Royce Mendes, head of macro strategy at Desjardins Group. Real GDP most likely edged up 0.2% in October after a 0.1% gain in September, Statscan said.

Persons: Doug Porter, Royce Mendes, Bipan Rai, Statscan, Ismail Shakil, Steve Scherer, Dale Smith, Divya Rajagopal, Fergal Smith, Mark Porter Organizations: OTTAWA, Bank of Canada's, Statistics, BMO Capital Markets, Canadian, U.S ., BoC, Desjardins Group, Bank of Canada, Bank, CIBC Capital Markets, Thomson Locations: Canadian, Statistics Canada, North America, Ottawa, Toronto

TD said it would be challenging to meet its medium-term adjusted earnings growth target range of 7%-10% in the new fiscal year. It reported adjusted earnings of C$1.83 per share, 7 Canadian cents shy of estimates. RBC reported adjusted earnings of C$2.78 per share, comfortably beating expectations of C$2.62, according to LSEG data. CIBC also beat profit expectations as it set aside smaller-than-expected loan provisions and is slashing costs through a 5% reduction in its workforce, or about 2,400 jobs. The lender, Canada's fifth biggest, reported adjusted earnings of C$1.57 per share, compared with expectations of C$1.53.

Persons: Mark Blinch, Gabriel Dechaine, Kelvin Tran, Victor Dodig, Dave McKay, Niket, Balu, Arasu Kannagi Basil, Shinjini Ganguli, Kirsten Donovan, Mark Porter Organizations: Royal Bank of Canada, REUTERS, Canadian Imperial Bank of Commerce, RBC, National Bank, CIBC, TD Bank, Bank Nova Scotia, Bank of Montreal, Scotiabank, Tuesday, Thomson Locations: Toronto, dealmaking, PCLs, Canada, United States, U.S, Bengaluru

☆ I drove Nevada's Extraterrestrial Highway. No one got abducted, but it was one of the strangest experiences of my life.
▼ + stars: | 2023-11-30 | by ( Agnes Groonwald | ) www.businessinsider.com time to read: +7 min

So when I heard we'd be within a short drive of Nevada's Extraterrestrial Highway on a recent trip through the state, visiting was a no-brainer. The 98 miles of Nevada's State Route 375 have been known as the Extraterrestrial Highway since an official name change by the state's tourism commission in 1996. For many, this box marks the best way to reach any aliens that have taken the Extraterrestrial Highway for a whirl. We spent time in Rachel, Nevada, which was filled with odditiesRachel, Nevada, is the closest town to Area 51. The end of our adventure came at the second Extraterrestrial Highway sign at the fork with US Route 6.

Persons: —, I'm, we'd, Agnes Groonwald, Jack, Rachel, A'Le'Inn, Burger, hadn't Organizations: Service, Research, Mount, General Locations: Nevada, Rachel , Nevada, Nevada's, Hiko , Nevada, Las Vegas, , Nevada, Crystal Springs, Crystal, E.T, Rachel, Tonopah , Nevada, America

☆ Canada's TD Bank's fourth-quarter profit falls on higher provisions
▼ + stars: | 2023-11-30 | by ( ) www.reuters.com time to read: +1 min

Nov 30 (Reuters) - TD Bank Group (TD.TO) reported a fall in its fourth-quarter profit on Thursday, as Canada's second-largest lender set aside more rainy-day funds to cover for potential sour loans. Peer Scotiabank (BNS.TO), which kicked off the Canadian banks' earnings season on Tuesday, also earmarked higher funds to prepare for potential loan losses, dragging its profit down. TD's net interest income - the difference between what banks earn on loans and pay out on deposits - fell nearly 1.8%, to C$7.49 billion. The lender's personal and commercial business posted a 1% decrease in net income, while the U.S. retail unit dipped 17%. The bank's adjusted net income fell to C$3.51 billion ($2.58 billion), or C$1.83 per share, for the three months ended Oct. 31, from C$4.07 billion, or C$2.18 per share, a year earlier.

Persons: Arasu Kannagi Basil, Shilpi Majumdar, Pooja Desai Organizations: Bank Group, Bank of Canada, PCL, Scotiabank, Thomson Locations: U.S, Bengaluru

☆ 10 best ways to use Chase points for travel
▼ + stars: | 2023-11-29 | by ( Jennifer Yellin | Andrew Kunesh | ) edition.cnn.com time to read: +23 min

The Chase Sapphire Reserve and Chase Sapphire Preferred cards are currently offering 75,000 bonus points after you spend $4,000 in the first three months of account opening. These cards earn Chase Ultimate Rewards® points which are some of the most valuable and flexible travel rewards points out there. But before you apply, let’s take a look at some of the best ways to redeem Chase Ultimate Rewards points for travel. Best ways to redeem Chase Ultimate Rewards pointsYou can book KLM business class by transferring Chase points to Air France-KLM Flying Blue. Use the Chase Travel portal to book any flightBook flights on any airline with the Chase Travel portal.

Persons: , you’ve, Air Canada Aeroplan, Chase, Kyle Olsen, —, Holly Johnson, Ziva, Eliyahu Parypa, that’s, that’ll, You’ll, you’ll, United Chase, MileagePlus, Aeroplan, Singapore Airlines KrisFlyer, it’s, you’re Organizations: CNN, American Express, Chase Sapphire, Chase, Hyatt, United MileagePlus, Air Canada, Chase Travel, KLM, Air France, Blue, CNN, United Airlines, Aer Lingus AerClub Air Canada Aeroplan Air France, KLM Flying Blue British Airways Executive Club Emirates, JetBlue, Singapore Airlines, Rapid, United, Virgin Atlantic Flying, redemptions, you’ll, Southwest Airlines, British Airways, Images British Airways, Oneworld, Alaska Airlines, American Airlines, British Airways Executive Club, British Airways Executive, Miami . British Airways, British, Air Canada's, Air, Star Alliance, Minneapolis . Air, Midwest, Singapore Airlines ’, Aloha State, Iberia Airlines, Iberia Avios, Sapphire, Virgin Points, All Nippon Airways, All Nippon Airways One, Virgin Atlantic, ANA, Virgin, Virgin Atlantic Virgin Points Delta Air, Virgin Atlantic Virgin, Delta Air Lines, Chase Sapphire Reserve, Ink Locations: United, Japan, Iberia, Mexico, Bay, Jamaica, Cancun, Chicago, New York, United States, Caribbean, Washington, American, Alaska, Atlanta, Miami, Minneapolis, Minneapolis . Air Canada, Newark, Fort Lauderdale, Hawaii, East, Aeroplan, United Airlines, iStockphoto Hawaii, Los Angeles, Kona, Spain, Europe, United Kingdom, Madrid, Barcelona, Boston, Iberia Iberia, San Francisco, Tokyo, Amsterdam, Rome, Paris, Delta

Search resuls for: "ADA's"

25 mentions found