Tag Archives: Hit

Farmers are used to keeping an eye on the weather and their fields, but now they’re also watching the Bank of Canada after it raised its benchmark interest rate by a full percentage point in an attempt to fight runaway inflation. “It’s made for a challenging year, especially with paying off …

The school year may be over, but a team of staff and volunteers at Brown Bagging for Calgary’s Kids is sorting granola bars and other snacks for children attending summer camps in the city. Like many charities across the country, demands on the organization have never been higher as inflation …

More than a third of office spaces were vacant in downtown Calgary in the second quarter of this year, which is a record high, according to a new report from commercial realty firm CBRE. It was also the highest vacancy rate in all of Canada, said the firm’s regional managing director …

If there is anything we’ve learned over the past year it’s that central banks are pretty bad at predicting inflation. Which may be a reason for hope. When Bank of Canada Senior Deputy Governor Carolyn Rogers warned on Wednesday — the same day Statistics Canada inflation data shocked nearly everyone with a …

Four massive steel transmission towers that sit crumpled around Ottawa hint at the scope of the challenge facing crews in the wake of Saturday’s massive storm as they work to restore power to tens of thousands of customers. Those Hydro One towers, or what’s left of them, also stand as proof just how ferocious the …

Even as gas prices hit record highs, Canadians are fanning out across the country for fresh travel experiences after two years of bottled-up demand. Beth Potter, head of the Tourism Industry Association of Canada, says some vacationers are still staying closer to home on camping, hiking and cycling excursions, with …

Indian pharmaceutical companies are staring at a possible write-off of their receivables from Sri Lanka, as they are struggling to repatriate money from the South Asian island country which is facing severe dollar crunch and a devaluation of local currency due to ongoing economic crisis. One of India’s leading drug …

said it would take at least three to four quarters for its US business operations to return to normalcy, which was hit by price erosion of its base business, which was as high as 40%. The company now has pushed its US revenue guidance of $225 – $250 million FY22 …

MUMBAI: It’s just not the novel coronavirus that is keeping pharma and healthcare honchos awake at night. Pharma companies, hospitals and healthcare firms are being increasingly hit by another lethal virus lately, and this one is from the virtual world. Researchers reported a 45% increase in cyberattacks on healthcare organisations …

NEW YORK: Investment flows into cryptocurrency funds and products hit a record $1.31 billion last week after a few weeks of small outflows, as investors took advantage of the decline in bitcoin and other digital asset prices, according to the latest data on Monday from asset manager CoinShares. Total assets …