Here are the CP Business Department's plans for today and the top business stories so far. All times Eastern unless otherwise stated. All ETAs and wordcounts approximate. Entries are subject to change as news develops.
If you have any questions, please contact the desk at business@thecanadianpress.com or 416-507-2138.
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COVERING:
Christopher Reynolds will have an update to the jobs story.
Amanda Stephenson will also have an update to the gas prices story.
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TOP STORIES:
Job loss 'carnage' likely temporary: economists
StatCan-Jobs
Riddled by Omicron's rapid spread, the Canadian economy lost 200,100 jobs in January amid stricter public health rules put in place to slow the COVID-19 variant, but most signs point to a quick recovery. By Christopher Reynolds. Words: 781
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Gasoline prices breaking records yet again
Gasoline-Prices
Calgary, Alberta, Canada -- Gasoline prices across Canada shattered an all-time record high on Friday, as crude prices soared above US$90 per barrel and North American refineries worked full throttle to keep up with demand. By Amanda Stephenson. Words: 638
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Airbus A220 gets US$300M investment from Quebec
Que-Airbus-Investment
Montreal, Quebec, Canada -- Quebec is maintaining a 25 per cent stake in the old C Series commercial jet program and at least 2,500 full-time jobs in the province by investing US$300 million more in the Airbus A220 aircraft. Words: 243, Photos: 1
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S&P/TSX composite up, oil climbs higher
Dollar-Markets
Toronto, Ontario, Canada -- Strength in the technology and energy sectors helped Canada's main stock index rise more than 100 points in late-morning trading as the price of oil pushed higher. Words: 154, Photos: 1
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Montreal had weakest January home sales since 2018
Montreal-Home-Sales
Montreal, Quebec, Canada -- Home sales in Greater Montreal sank in January to a level the market hasn't seen since 2018 as listings dropped and prices soared. Words: 274, Photos: 1
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Google to work with Ford on Detroit research hub
US-Detroit-Train-Station-Ford
Detroit, Michigan, United States -- DETROIT (AP) — Ford Motor Co. announced Friday that Google is joining the automaker's effort to transform a once-dilapidated Detroit train station into a research hub focused on electric and self-driving vehicles. By Corey Williams And Mike Householder. Words: 703, Photos: 1
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US economy defies omicron and adds 467,000 jobs in January
US-Economy-Jobs-Report
Washington, District of Columbia, United States -- WASHINGTON (AP) — In a surprising burst of hiring, America’s employers added a robust 467,000 jobs last month, a sign of the economy’s resilience in the face of a wave of omicron infections. By Christopher Rugaber. Words: 1034, Photos: 1
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