Business
Major water users in southern Alberta agree to curb consumption in face of drought
By The Canadian Press on April 19th, 2024
CALGARY – Major water users in southern Alberta have agreed to curb their consumption if there’s a severe drought this spring or summer. Rebecca Schulz, the provincial environment minister, says it won’t be known whether the agreements need to be acted upon until snowpack information comes in later this month. The Alberta government has announced ... Read More »
Be the first to comment!Province calls Gate Gourmet, striking airline catering workers back to bargaining
By The Canadian Press on April 19th, 2024
The union representing striking airline catering workers says Ontario mediators have called them back to the table for talks with employer Gate Gourmet. About 800 food service staff at Toronto’s Pearson airport went on strike Tuesday, leaving thousands of passengers without meals this week. The workers cook, package and deliver food and beverages to planes ... Read More »
Be the first to comment!CFIA monitoring for avian flu in Canadian dairy cattle after U.S. discoveries
By The Canadian Press on April 19th, 2024
OTTAWA – The Canadian Food Inspection Agency is encouraging veterinarians to keep an eye out for signs of avian influenza in dairy cattle following recent discoveries of cases of the disease in U.S. cow herds. Avian influenza has not been discovered in dairy cattle or other livestock in Canada. But since March, U.S. officials have ... Read More »
Be the first to comment!Quebec follows Ottawa and raises amount of capital gains subject to tax
By The Canadian Press on April 19th, 2024
Quebec says it will align its tax system with the federal government by increasing the percentage of capital gains subject to taxation. Like Ottawa announced in its budget Tuesday, Quebec says it will tax two-thirds rather than one-half of capital gains, which are profits made on the sale of assets. The increase in the capital ... Read More »
Be the first to comment!S&P/TSX composite up nearly 100 points, U.S. stock markets mixed
By The Canadian Press on April 19th, 2024
TORONTO – Canada’s main stock index was up nearly 100 points in late-morning trading, helped by strength in the utility and energy stocks, while U.S. stock markets were mixed. The S&P/TSX composite index was up 97.10 points at 21,805.54. In New York, the Dow Jones industrial average was up 151.65 points at 37,927.03. The S&P ... Read More »
Be the first to comment!Apple pulls WhatsApp and Threads from App Store on Beijing’s orders
By Zen Soo, The Associated Press on April 19th, 2024
HONG KONG (AP) – Apple said it had removed Meta’s WhatsApp messaging app and its Threads social media app from the App Store in China to comply with orders from Chinese authorities. The apps were removed from the store on Friday after Chinese officials cited unspecified national security concerns. Their removal comes amid elevated tensions ... Read More »
Be the first to comment!Biden administration restricts oil and gas leasing in 13 million acres of Alaska’s petroleum reserve
By Becky Bohrer And Matthew Daly, The Associated Press on April 19th, 2024
JUNEAU, Alaska (AP) – The Biden administration said Friday it will restrict new oil and gas leasing on 13 million acres (5.3 million hectares) of a federal petroleum reserve in Alaska to help protect wildlife such as caribou and polar bears as the Arctic continues to warm. The decision – part of an ongoing, yearslong ... Read More »
Be the first to comment!‘Won’t be a quick fix’: Indigo needs turnaround as privatization nears, experts say
By Tara Deschamps, The Canadian Press on April 19th, 2024
TORONTO – As Canada’s biggest bookstore-turned-gift-giver’s-paradise edges toward privatization, it’s evident from a stroll around one of its Toronto stores that the retailer knows some things haven’t been working. Epsom salts and body lotions that previously lined Indigo Books & Music Inc.’s wellness area at the Eaton Centre have been replaced by shelves of books ... Read More »
Be the first to comment!‘No immediate risk’ from 2.5-million-litre effluent spill from B.C. fibreboard plant
By The Canadian Press on April 18th, 2024
QUESNEL, B.C. – British Columbia’s Environment Ministry says a 2.5-million-litre effluent spill from a fibreboard factory in Quesnel doesn’t pose any immediate risk to public safety. It says in a statement that Monday’s spill from the WestPine Medium-Density Fibreboard plant into a gravel pit has been assessed and no waterways have been affected. Factory owner ... Read More »
Be the first to comment!Virtual-only meetings erode shareholder democracy, institutional investor group warns
By Ian Bickis, The Canadian Press on April 18th, 2024
A group of institutional investors is voicing concerns about the rise of virtual-only shareholder meetings that they say risk eroding shareholder democracy. In an open letter released Thursday, the coalition of 38 investors led by the B.C. General Employees’ Union called on S&P/TSX 60 companies to publicly disclose how they will ensure shareholders’ statutory and ... Read More »
Be the first to comment!S&P/TSX composite posts small gain, U.S. markets mixed amid ongoing rate-cut worries
By The Canadian Press on April 18th, 2024
TORONTO – Canada’s main stock index gained just over 50 points on Thursday, helped by strength in utilities and base metals, while U.S. markets were mixed. The prospect of interest rates in the U.S. remaining higher for longer continues to cast a shadow over equity markets, fostering cautious sentiment, said Ryan Crowther, portfolio manager at ... Read More »
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