B.C.’s new lieutenant governor to be sworn in

The former CEO of the YWCA Metro Vancouver, Janet Austin, is about to receive a new title today as she is sworn in as B.C.’s new lieutenant governor. Powered by WPeMatico

Wall Street slides as high bond yields fan cost worries

NEW YORK (Reuters) – U.S. stocks slid on Tuesday as 10-year Treasury yields hit the highly anticipated 3 percent mark for the first time in four years, stoking concerns over higher borrowing rates for companies already facing rising costs, and Read more

Wells Fargo investors back leaders despite protests

DES MOINES, Iowa (Reuters) – Wells Fargo & Co investors gave strong backing to the bank’s directors and executives on Tuesday, indicating they are ready to give its revamped leadership time to… Powered by WPeMatico

Theft from vehicles up nearly 40% in Vancouver

Vancouver police are warning drivers after a dramatic spike of theft from vehicles in the first three months of this year. Powered by WPeMatico

U.S. 10-year bond hits 3% yield for first time since 2014

The yield on the 10-year U.S. government bond hit three per cent for the first time in four years on Tuesday, pushed up by expectations of higher inflation to come. Powered by WPeMatico

MasterBUILT Hotels rapidly expands Microtel brand

Calgary-based MasterBUILT Hotels is setting a blistering pace as it expands the Microtel Inn and Suites brand across Canada. Eric Watson is the president of Calgary-based MasterBUILT Hotels, which is expanding the Microtel brand across Canada at a rapid pace. Read more

FAANG, industrial stocks hit Wall Street

(Reuters) – A sharp drop in so-called ‘FAANG’ group of technology stocks pushed the Nasdaq Composite lower on Tuesday, with rising 10-year yields and contrasting earnings reports from industrials also adding to the pressure. Powered by WPeMatico

In Des Moines, Wells Fargo looks to soothe critics

DES MOINES, Iowa (Reuters) – Wells Fargo & Co kicked off an annual meeting in Des Moines, Iowa, on Tuesday, where investors will likely press executives for assurances that a sweeping sales scandal… Powered by WPeMatico

Modigliani’s largest nude to go under hammer, seen at $150 million

HONG KONG (Reuters) – A painting of a reclining nude by Italian artist Amedeo Modigliani is set to go under the hammer in New York on May 14 with a record sale estimate of $150 million, auction house… Powered by Read more

U.S debt deluge lifts bond yields to four-year high, Asia stocks down

TOKYO (Reuters) – Asian stocks slipped and the U.S. dollar advanced on Tuesday, as a deluge of U.S. government debt this week and the specter of inflation and a higher fiscal deficit drove U.S. borrowing costs near four-year highs. Powered Read more

Loblaws rebuffs CRA’s ‘epic narrative’ as $400M tax fight gets underway

Already taking flak over its admissions of bread price-fixing and over the theft of customer loyalty points, Loblaws entered another battlefield this morning in a Toronto courtroom. Powered by WPeMatico

Google parent Alphabet profit beats despite privacy concerns

SAN FRANCISCO (Reuters) – Google owner Alphabet Inc reported first-quarter sales and profit Monday that topped financial analysts’ estimates as it achieved better pricing on ads and saw unrealized income from startup investments, sending its shares up about 1 percent Read more

Sask. introduces ‘last resort’ legislation that would restrict energy products to B.C.

The Saskatchewan government has introduced a law that, if passed, would restrict energy exports to British Columbia. Powered by WPeMatico

RENX breaking news gets a thumbs up

The survey sent to all RENX readers last week about our breaking news service gave it an overwhelming thumbs up, although for some readers it was a qualified response. Following is a summary of the results as well as responses to some Read more

It’s a boy: ‘Very excited’ Prince William takes Kate home after birth of prince

LONDON (Reuters) – Kate, wife of Prince William, smiled and waved as she left hospital on Monday after giving birth to a boy who is now fifth in line to the British throne. Powered by WPeMatico

High-profile investors bet on stocks tied to millennials: Sohn Conference

NEW YORK (Reuters) – Hedge fund managers at the high-profile 2018 Sohn Investment Conference in New York pitched stock ideas on Monday ranging from online food ordering to homebuilders that should… Powered by WPeMatico

9 dead, 16 injured after white van strikes pedestrians in North York

Nine people are dead and 16 others are injured after a white van struck a number of pedestrians Monday in the Yonge Street and Finch Avenue area in North York. Powered by WPeMatico

Alleged Grindr fraudster arrested in Burnaby

Police allege Christian Richardson used the app to meet men and gain their confidence as part of a financial scam. Powered by WPeMatico

Wall Street edges higher as earnings optimism eases bond worries

(Reuters) – Wall Street edged higher on Monday, led by technology stocks, as optimism about strength of the earnings season helped ease concerns on rising U.S. Treasury yields. Powered by WPeMatico

New U.S. net neutrality rules come into effect today

Net neutrality in the United States is officially over, as of today. Powered by WPeMatico