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Inflation gauge increased 0.4% in February, as expected and up 6% from a year ago
The consumer price index rose 0.4% in February and 6% from a year ago, in line with market expectations. A drop in energy prices helped keep inflation in check, while […] This post is only…
The Willow Project has been approved. Here’s what to know about the controversial oil-drilling venture
CNN—On March 13, the Biden administration approved the controversial Willow Project in Alaska.ConocoPhillips’ massive Willow oil drilling project on Alaska’s North Slope moved through the administration’s approval process for months, […] This post is only…
Canada is aiming to beat China in the critical race for rare earth metals
Canada has one of the largest deposits of minerals that are essential to manufacture of electric cars. “We see today that, for example, China produces 98% of Europe’s supplies of […] This post is only…
Meta to lay off 10,000 more workers after initial cuts in November
Meta CEO Mark Zuckerberg said Tuesday the company plans to cut 10,000 employees. The company laid off more than 11,000 employees in November. Zuckerberg has pitched 2023 as Meta’s “year […] This post is only…
Gold, silver soar as Silicon Valley Bank collapse spurs flight to safety
Gold and silver prices surged on Monday, as their safe-haven appeal drew in investors spooked by the collapse of Silicon Valley Bank, with the crisis also sparking hopes the U.S. […] This post is only…
Oil prices fall 2% in choppy trade as banking fears rattle markets (Mar 13)
Oil prices fell over 2% in volatile trading on Monday as the collapse of Silicon Valley Bank roiled equities markets and raised fears of a fresh financial crisis, but a […] This post is only…
Why regulators seized Signature Bank in third-biggest bank failure in U.S. history
On Friday, Signature Bank customers spooked by the sudden collapse of Silicon Valley Bank withdrew more than $10 billion in deposits, a board member told CNBC. That run on deposits […] This post is only…
McCain Foods plans $600-million investment to double its operations in Alberta
The world’s leading French fry maker is making the largest investment in its history, with McCain Foods announcing plans on Monday for a $600-million expansion of its potato processing facility […] This post is only…
Canadian bank stocks take hit after SVB collapse. There’s a good case to buy now
Large bank stocks declined further as the impact from the failure of California-based Silicon Valley Bank on Friday continued to ripple through financial markets, raising the question of whether Canada’s Big Six […] This post is only…