March 19th, 2024

Business

Bill to ban replacement workers among those held up by Manitoba Opposition delays

By The Canadian Press on March 18th, 2024

WINNIPEG – The Manitoba government is planning to make it easier for workers to unionize, and to ban the use of replacement workers during labour disputes. The NDP government tried to introduce the bills, along with several others, in the legislature but the Opposition Progressive Conservatives used procedural tactics to stall the bills. If the ... Read More »

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Feds announce air accessibility summit to confront ‘unacceptable’ barriers

By The Canadian Press on March 18th, 2024

OTTAWA – The federal government says it will host a summit on air accessibility in May amid what it calls “completely unacceptable” barriers to Canadians living with disabilities. Transport Minister Pablo Rodriguez says airlines have failed to meet the treatment standards that passengers with disabilities deserve, calling for more responsibility from the aviation sector. Multiple ... Read More »

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S&P/TSX composite slips lower Monday, U.S. stock markets trade higher

By The Canadian Press on March 18th, 2024

TORONTO – Canada’s main stock index crept lower on Monday even as the price of oil rose, while U.S. markets were led higher by the Nasdaq. The S&P/TSX composite index closed down 11.97 points at 21,837.18. In New York, the Dow Jones industrial average was up 75.66 points at 38,790.43.The S&P 500 index was up ... Read More »

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Stock market today: Wall Street rises ahead of a big week for central banks

By Stan Choe, The Associated Press on March 18th, 2024

NEW YORK (AP) – Stocks rose ahead of a busy week for central banks around the world that could dictate where interest rates go next. The S&P 500 addded 0.6% Monday, coming off its first back-to-back weekly losses since October. It pulled close to its all-time high set early last week. The Dow Jones Industrial ... Read More »

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‘Tone deaf’: MPs grill telecom CEOs about wireless prices at committee

By Sammy Hudes, The Canadian Press on March 18th, 2024

The chief executives of Canada’s three largest telecom companies stressed that phone and internet prices are coming down during an appearance before MPs on Monday, noting that increased data usage and high spectrum costs may be some reasons Canadians feel otherwise. The three CEOs – Rogers Communications Inc.’s Tony Staffieri, BCE Inc.’s Mirko Bibic and ... Read More »

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New York to probe sputtering legal marijuana program as storefronts lag, black market booms

By Anthony Izaguirre, The Associated Press on March 18th, 2024

ALBANY, N.Y. (AP) – New York will evaluate its troubled recreational marijuana licensing program after lawsuits and bureaucratic stumbles severely hampered the legal market and allowed black-market sellers to flourish, Gov. Kathy Hochul ordered Monday. The review will focus on ways the state can speed up license processing times and allow businesses to open faster, ... Read More »

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Telecom CEOs appear before federal committee, tell MPs prices are coming down

By The Canadian Press on March 18th, 2024

OTTAWA – The chief executives of Canada’s three largest telecom companies stressed that phone and internet prices are coming down during an appearance before MPs on Monday, citing increased data usage, high spectrum costs and regulatory conditions as some reasons Canadians may feel otherwise. The three CEOs – Rogers Communications Inc.’s Tony Staffieri, BCE Inc.’s ... Read More »

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Payment tech firm Nuvei forms special committee to evaluate proposals, shares soar

By The Canadian Press on March 18th, 2024

MONTREAL – Shares of Nuvei Corp. rose nearly 30 per cent after it said it has formed a special committee to evaluate expressions of interest for the payment technology firm. Nuvei shares were up $8.47 at $37.95 in late-morning trading on the Toronto Stock Exchange. The company announced the establishment of the committee after media ... Read More »

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EPA bans asbestos, a deadly carcinogen still in use decades after a partial ban was enacted

By Matthew Daly, The Associated Press on March 18th, 2024

WASHINGTON (AP) – The Environmental Protection Agency on Monday announced a comprehensive ban on asbestos, a carcinogen that is still used in some chlorine bleach, brake pads and other products and that kills thousands of Americans every year. The final rule marks a major expansion of EPA regulation under a landmark 2016 law that overhauled ... Read More »

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S&P/TSX composite down in late-morning trading, U.S. stock markets trade higher

By The Canadian Press on March 18th, 2024

TORONTO – Canada’s main stock index was down in late-morning trading as the telecommunications and technology stocks posted losses, while U.S. stocks markets climbed higher. The S&P/TSX composite index was down 13.48 points at 21,835.67. In New York, the Dow Jones industrial average was up 179.08 points at 38,893.85. The S&P 500 index was up ... Read More »

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Businesses want outstanding ‘green’ investment tax credits fast-tracked: KPMG poll

By The Canadian Press on March 18th, 2024

TORONTO – A survey by KPMG in Canada says business leaders want Ottawa to fast-track all outstanding “green” or “clean” economy business investment tax credits. The online survey of 534 small- and medium-sized businesses done in February says 90 per cent of those questioned supported speeding up the delivery of the promised incentives. KPMG’s Lucy ... Read More »

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