Bitcoin fell sharply on Monday after the price of a single unit of digital currency hit a record US $ 58,354 a day earlier, as selling global equities dampened risk appetite. The most popular cryptocurrency hit record highs over the weekend, almost doubling since the start of the year. It hit a market cap of $ 1 trillion on Friday. […]
One recent afternoon, on the edge of the main square in Vò, a small town in northern Italy’s Veneto, a group of young people hung out near a car, listening to music. Among them, Jasmine Schiavoi, 19, a nursing student. Schiavoi paid for his studies by working part-time in a pub. But then the pandemic struck and his job was […]
As of Monday, most air passengers entering Canada must comply with new travel measures, including an expensive hotel quarantine. The new regulations have got off to a bumpy start, with complaints from some travelers that they cannot go to the government phone line to book their hotel, or they cannot determine whether they are exempt from the rules. Here’s the […]
TC Energy plans to sell steel and other aftermarket equipment from its Keystone XL project as it continues to decide on its next course of action regarding the failed pipeline proposal. Almost a month after US President Joe Biden withdrew the project’s license, Calgary-based TC Energy is still weighing its options and looking to recoup Keystone XL expenses. The company […]
The main players in the GameStop saga were confronted Thursday with questions from US House lawmakers, concerned that even as investment democratizes, the scales still weigh in favor of large Wall Street institutions. GameStop shares climbed 1,600% in January before falling sharply. The drama has mingled huge short-selling hedge funds, a social media message board, and ordinary investors looking for […]
WestJet says it is temporarily cutting service to some communities in four provinces as the COVID-19 pandemic continues to hammer the airline. The Calgary-based airline has announced that it will stop the following flights until June 24: Calgary to Medicine Hat, Alta., Starting March 21. Calgary to Lloydminster, Alta., Starting March 19. London, Ont., In Toronto, starting March 22. From […]
Bitcoin’s seemingly unstoppable rise continued on Tuesday, with the cost of a single unit of digital currency exceeding US $ 50,000 for the first time. The same bitcoin just a year ago would have cost you US $ 10,000. The price has risen nearly 200 percent in the past three months alone. Bitcoin rallies as more companies report that volatile […]
The suburbs of Canada’s three largest cities are fueling a rise in home construction, according to the Canada Mortgage and Housing Corporation. In two reports released on Monday, the Federal Housing Agency said the number of homes in Toronto, Montreal and Vancouver ready for renters and landlords has started to skyrocket as the home is moved away from those city […]
Kelly Ernst remembers standing on the sidewalks, greeting needy families in northeast Calgary as they open their doors to collect baskets of food. Ernst, vice president for vulnerable populations at the Center for Newcomers in Calgary, said the memory is a testament to how COVID-19 is harming the community, socially and economically. Ernst said the Skyview Ranch neighborhood is one […]
Air Canada posted a staggering loss of $ 1.16 billion in the fourth quarter of 2020, a result that crowns what the company’s chief executive has called the darkest year in aviation history. Despite the losses, Air Canada President and CEO Calin Rovinescu said on a call with analysts Friday morning that he was encouraged by the progress of recent […]
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