News & Events

Omaha, Neb. - Warren Buffett credited his longtime partner — the late Charlie Munger — with being the architect of the Berkshire Hathaway conglomerate he's received the credit for leading and warned shareholders in his annual letter not to listen to Wall Street pundits or financial advisors who urge them to trade often. Buffett also recounted how Berkshire's insurance businesses thrived last year, but its massive utilities and BNSF railroad disappointed. He also told shareholders how he never plans to sell its stakes in nearly 30 per cent of Occidental Petroleum and nine per cent of five large Japanese trading houses, but he reiterated that he has no plans to buy the oil producer outright. Berkshire's eclectic mix of businesses, combined with the strong perf...

When Julie Quenneville began her career in journalism, her mission was to inspire change. Today, more than two decades later and far from the newsrooms and broadcast studios she once employed, Quenneville’s mission remains the same as the newly appointed CEO of UHN Foundation. “My background in journalism instilled in me a commitment to storytelling and advocacy, which has carried over into my work in public service and philanthropy,” she says. “Whether it’s raising awareness about healthcare issues or mobilizing support for important causes, I see parallels between journalism and my more recent roles in terms of their potential to effect positive change.” Prior to joining UHN Foundation, Quenneville entered the healthcare sector as associate chief of staff to the Quebec Minister of Health...

Cryoport, a major embryo shipping company, said on Friday that it was “pausing” its business in Alabama as it evaluated the state’s Supreme Court decision that declared frozen embryos created through in vitro fertilization to be children.“Until the company has further clarity on the decision and what it means for Cryoport, clinics and intended parents, it is pausing all activity in Alabama until further notice,” read an email received by an Alabama fertility clinic and shared with The New York Times.The email said that Cryoport would “not be able to assist” with a scheduled shipment, and instead would offer a refund.The Alabama court’s ruling has already significantly limited fertility treatment for patients in that state. Three clinics have paused care as they evaluate what the ruling mea...

The RCMP is facing a serious cyber attack from an unspecified threat actor. The Mounties told CBC News today that a “breach of this magnitude is alarming.” “The situation is evolving quickly but at this time, there is no impact on RCMP operations and no known threat to the safety and security of Canadians,” a spokesperson for the RCMP said in a statement issued to CBC News. “The quick work and mitigation strategies put in place demonstrate the significant steps the RCMP has taken to detect and prevent these types of threats,” CBC News was told. So far the RCMP’s web sites don’t appear to be affected. It could be a coincidence, but this week, Canada’s Communications Security Establishment — the government’s cybersecurity and electronic spy agency — urged IT departments to be vigilant for at...

“No society can be fully understood apart from the residences of its members.”I have that quote (from “Crabgrass Frontier,” the seminal history of America’s suburbs) taped to a wall behind my desk. It summarizes why I love covering housing for The New York Times and seem never to run out of things to write about. Housing is everything. It’s where we live and raise our families. It is most people’s largest store of wealth. Whether you own, you rent, or you sleep outside, where you hang your head defines much of your existence.Over the past few decades, and especially since the pandemic, housing has gone from a symbol of American strength to an everyday crisis. Aspiring homeowners are becoming forever renters. People live in increasingly crowded households, the supply of illegal housing has ...

Breadcrumb Trail LinksNewsClear path to 2% inflation seen in third quarter instead of next yearPublished Feb 23, 2024  •  Last updated 22 hours ago  •  5 minute read Inflation in January cooled more than expected to 2.9 per cent year over year. Photo by GettyArticle contentCooler-than-expected inflation numbers have left one strategist even more skeptical of the Bank of Canada‘s conservative forecast for when the consumer price index will return to target, suggesting the door to interest rate cuts could open much sooner than the central bank has predicted.Article contentThe Bank of Canada said in its January Monetary Policy Report that it doesn’t expect the consumer price index to come close to its two per cent target until 2025. But Taylor Schleich, a rates strategist at National Bank o...

In a blockbuster seafood deal, St. John's-based Ocean Choice International (OCI) has sold its Canadian offshore scallop quota — worth an estimated $200-million — to three Nova Scotia companies.Ocean Choice held 16.77 per cent of the offshore scallop quota, which is fished mostly on Georges Bank off southern Nova Scotia.A key driver in the sale was the sinking of the company's factory trawler Atlantic Destiny on Georges Bank in March 2021.CEO Martin Sullivan says they opted not to replace it."We had to make a decision on a new vessel and with the current economic climate, interest rates and everything it was a hard decision to make," Sullivan told CBC News."We were looking at our options and we talked to these three Nova Scotia companies that have been industry partners of ours for a long t...