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Canadian bank funding stable despite $57B market cap loss: report

Published Sat, 22 Feb 2025 16:27:12 GMT

TORONTO — Credit rating agency DBRS Morningstar says funding levels at Canadian banks are stable despite about $57 billion in lost market capitalization for the Big Six banks over the past two weeks.Analyst Carl De Souza says in a report out Monday that the failure of Silicon Valley Bank and Signature Bank are idiosyncratic and not representative of the Canadian banking sector.He says that while the Big Six banks have lost about 9.2 per cent in market capitalization, they have diversified and stable funding and generally have lower exposure to the fixed-income securities that helped lead to Silicon Valley Bank’s downfall.Canadian banks do also have unrealized losses on long-term bond investments like Silicon Valley Bank did, but he says the losses aren’t as big and that the banks aren’t expected to be forced to sell them because of their more resilient deposit bases.De Souza says Canadian banks should be able to navigate the current market turbulence, but that DBRS...

Pay transparency is spreading. Here’s what you need to know

Published Sat, 22 Feb 2025 16:27:12 GMT

NEW YORK (AP) — U.S. employers are increasingly posting salary ranges for job openings, even in states where it’s not required by law, according to analysts with several major job search websites.Following new legislation in New York City, California, Washington, Colorado, and elsewhere, employers across the country are becoming more transparent about pay in order to stay competitive with companies in states that require employers to post salary ranges, experts say. A tight labor market and significant increase in remote work have also contributed to the rise.The number of U.S. job postings that include salary information more than doubled between February 2020 and February 2023, from 18.4% to 43.7%, according to a new report from job search site Indeed.Salary visibility is lowest in the southern U.S., which accounted for 18 of the 20 least transparent metro areas, and highest in the western part of the country, which tends to have more regulation. Advocates say it’s a trend that be...

US: War crimes on all sides in Ethiopia’s Tigray conflict

Published Sat, 22 Feb 2025 16:27:12 GMT

WASHINGTON (AP) — The Biden administration announced Monday that it has determined all sides in the brutal conflict in Ethiopia’s northern Tigray region committed war crimes and crimes against humanity. The move carries no immediate U.S. policy implications but lends weight to calls for such allegations to be prosecuted. Secretary of State Antony Blinken announced the determination less than a week after he returned from a visit to Ethiopia during which he met with Ethiopian government and Tigrayan officials as well as victims of the conflict, but said little about the U.S. view of prospects for accountability.His determination covers members of the Ethiopian and Eritrean national armies as well as the Tigray People’s Liberation Front and forces aligned with the Amhara region. Blinken said those responsible for atrocities must be held accountable.He said after “careful review of the law and facts” he had determined that members of the Ethiopian National Defense Forces, Eritrean Defe...

Some Trump supporters ambivalent on calls for protests

Published Sat, 22 Feb 2025 16:27:12 GMT

WASHINGTON (AP) — Former President Donald Trump’s calls for protests ahead of his anticipated indictment in New York have generated mostly muted reactions from supporters, with even some of his most ardent loyalists dismissing the idea as a waste of time or a law enforcement trap.The ambivalence raises questions about whether Trump, though a leading Republican contender in the 2024 presidential race who retains a devoted following, still has the power to mobilize far-right supporters the way he did more than two years ago before the Jan. 6, 2021, insurrection at the U.S. Capitol. It also suggests that the hundreds of arrests that followed the Capitol riot, not to mention the convictions and long prison sentences, may have dampened the desire for repeat mass unrest.Still, law enforcement in New York is continuing to closely monitor online chatter warning of protests and violence if Trump is arrested, with threats varying in specificity and credibility, four officials told The Associa...

Nexus trusted-traveller program to fully resume by April 24 after yearlong standoff

Published Sat, 22 Feb 2025 16:27:12 GMT

OTTAWA — The federal government says the Nexus trusted-traveller program will fully ramp back up within five weeks, allowing frequent border crossers to complete their applications and speed up their trips.Registering for the program has been halted in Canada for nearly a year after Nexus enrolment centres unlocked their doors in the United States, due in part to a clash over U.S. agents’ right to carry guns on Canadian soil, among other legal protections.The standoff led to a massive backlog in applications for the program, which allows pre-approved travellers to cross the border more quickly.A compromise announced at a summit in January that Canadian border agents will now interview Nexus applicants separately from U.S. agents at eight Canadian airports, rather than together like before the COVID-19 pandemic.The Canada Border Services Agency says enrolment centres will reopen for applicant sit-downs at the Halifax and Winnipeg airports on March 27, followed by a staggered re...

Three people stabbed at high school in the Halifax area, student in custody

Published Sat, 22 Feb 2025 16:27:12 GMT

HALIFAX — A student was arrested after three people were stabbed Monday morning at a high school in the Halifax area, police say.The three injured people were taken to hospital for treatment, but the extent of their injuries remains unclear.Police said they responded to a weapons complaint at around 9:20 a.m., and a suspect was taken into custody about 10 minutes later at Charles P. Allen High School in the suburb of Bedford.Raghad Ghazal, a 15-year-old Grade 10 student, said she was outside when she spotted “a guy with a knife running away and then a security guard chasing after him with a broom.”That’s when the police showed up, she said as she waited outside the school for a bus.“He was just chasing after him and then there were five police cars that came and they were surrounding him,” she said. “I was kind of shocked. It shouldn’t happen, but thankfully it’s the first time it’s happened in a long time.” As she spoke, p...

One man in hospital after being stabbed and located in Yonge and Gerrard East area

Published Sat, 22 Feb 2025 16:27:12 GMT

One man has been transported to hospital after being stabbed and located in the Yonge and Gerrard streets area.STABBING:Yonge St & Gerrard St E12:15pm– reports of man being stabbed– police o/s investigating – serious injuries – unknown susp description#GO619257^se— Toronto Police Operations (@TPSOperations) March 20, 2023Police responded to reports at approximately 12:15 p.m. of a man being stabbed. A bystander called in a person with stab wounds near the intersection, who was transported to hospital though the injuries were deemed not life-threatening.Police say that the victim was located at Yonge and Gerrard when found, but the location where the incident took place is unknown.The description of the suspect is suspect is a male, approximately 20 years old, with a moustache, wearing a tan bucket hat, black sweater with “royalist” in red across the chest, grey pants, black shoes, and a black scarf . Anyone with information is asked to c...

2 Illinois teens die in sledding accident in Colorado after landing on ice

Published Sat, 22 Feb 2025 16:27:12 GMT

SUMMIT COUNTY, Colo. (KDVR) -- Two teenagers on a spring break vacation died Sunday after a sledding accident at a Colorado ski resort, authorities said.The Summit County Sheriff’s Office said they responded around 8:35 p.m. for a reported sledding accident at Copper Mountain Ski Resort involving 17- and 18-year-old males from Illinois.They reportedly rode tandem down a half pipe and launched off a large snowbank at the bottom of the half pipe. The sheriff's office said they came down hard on the ice below, which caused blunt-force trauma. ‘He left the world doing what he loved’: Avalanche victim remembered as lover of all things adventure The teens immediately received medical attention but could not be revived and were pronounced dead.“Our thoughts and condolences go out to the families and friends of the individuals involved in this tragic incident," Summit County Sheriff Jaime FitzSimons said.The Summit County Sheriff's Office said they would like to remind everyone to always ...

Sean Lewis tries to live up to viewers expectations

Published Sat, 22 Feb 2025 16:27:12 GMT

Filling in for Larry Potash comes with a lot of expectations. WGN Reporter & Anchor Sean Lewis admits its not easy trying to win over viewers.For more great WGN at 75 stories, check out WGNtv.com/stories

Ricky Martin overhears Ana’s fangirl freak-out

Published Sat, 22 Feb 2025 16:27:12 GMT

The only thing more exhilarating than meeting your favorite celebrity is the embarrassment when they hear you gushing about them afterwards. WGN Morning News reporter Ana Belaval couldn’t contain her excitement when she met Ricky Martin, unaware he was still on the line.For more great WGN at 75 stories, check out WGNtv.com/stories