March 28th, 2024

Business

Gildan Activewear shops for competing offers after potential buyer emerges

By The Canadian Press on March 19th, 2024

MONTREAL – Gildan Activewear Inc. says it is entertaining offers for the company business after seeing interest from at least one potential buyer. The embattled Montreal-based clothing manufacturer says the company received a non-binding expression of interest from a potential purchaser that it did not name. Spokesman Simon Beauchemin says the company’s board formed a ... Read More »

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$41-million surplus and other highlights from New Brunswick’s 2024-25 budget

By The Canadian Press on March 19th, 2024

FREDERICTON – New Brunswick’s Progressive Conservative government on Tuesday tabled its last budget before this year’s provincial election. Here are some highlights. – Budget of $13.3 billion, with 6.4 per cent increase in spending. – Surplus of $40.9 million. – Health care spending of $3.8 billion – virtually the same as what was spent in ... Read More »

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‘Passed like a baton’: Advocates, Air Canada CEO clash on accessible travel

By The Canadian Press on March 19th, 2024

OTTAWA – Advocates and Air Canada’s CEO are serving up opposing views of accessibility in the country’s aviation system. Michael Rousseau, who heads Canada’s largest airline, told a House of Commons transport committee today that an overwhelming majority of the 1.3 million passengers who requested special assistance last year had a positive experience. Under a ... Read More »

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Gardening bloomed during the pandemic. Garden centers hope would-be green thumbs stay interested

By Mae Anderson, The Associated Press on March 19th, 2024

NEW YORK (AP) – Garden centers enjoyed a pandemic boom, particularly with millennials, as people looked for outdoor activities during lockdowns. Now the question is, will those wannabe green thumbs stick with the habit. In 2022, 80% of U.S. households took part in lawn and gardening activities, a five-year high, according to the National Gardening ... Read More »

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New York moves to update its fracking ban to include liquid carbon-dioxide as well as water

By Maysoon Khan, The Associated Press on March 19th, 2024

ALBANY, N.Y. (AP) – Natural gas drilling companies would be banned in New York from using an extraction method that involves injecting large amounts of liquified carbon dioxide deep underground under a bill moving through the state legislature. The measure would immediately block a Texas company that wants to use the method as an alternative ... Read More »

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BP oil refinery in Indiana resumes normal operations weeks after power outage, temporary shutdown

By The Associated Press on March 19th, 2024

WHITING, Ind. (AP) – BP’s sprawling oil refinery in northwest Indiana has resumed normal operations more than six weeks after a power outage prompted the energy giant to temporarily shut down the complex and evacuate workers. BP spokesperson Christina Audisho said Tuesday that “the Whiting Refinery is back to normal operations” at the site along ... Read More »

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Sour grapes: N.S. pauses subsidy to wine bottlers that drew ire of wineries

By The Canadian Press on March 19th, 2024

HALIFAX – Nova Scotia Premier Tim Houston says his government is pausing a subsidy for wine bottlers that the province’s wineries said undercuts their operations. Houston told dozens of wine producers today at the legislature that he is creating a working group tasked with coming up with a new measure that will satisfy all the ... Read More »

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New Brunswick budget $41-million in surplus, but health-care increase just $2 million

By Hina Alam, The Canadian Press on March 19th, 2024

FREDERICTON – The final New Brunswick budget before residents head to the polls in a provincial election this year contains virtually no new spending on health care and no voter-friendly measures like tax cuts. The $13.3-billion budget tabled Tuesday by Finance Minister Ernie Steeves includes a surplus of $41 million and a 6.4 per cent ... Read More »

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CP NewsAlert: New Brunswick budget $41M in surplus, just $2M more for health care

By The Canadian Press on March 19th, 2024

FREDERICTON – The New Brunswick government is boasting that today’s $13.3-billion budget includes the most spending on health care in provincial history. Yet the amount set aside for the health network is only $2 million more than what will have been spent when the current fiscal year ends on March 31. Finance Minister Ernie Steeves ... Read More »

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Energy stocks help S&P/TSX composite creep higher, U.S. stock markets mixed

By The Canadian Press on March 19th, 2024

TORONTO – Strength in energy stocks helped Canada’s main stock index creep higher in late-morning trading, while U.S. stock markets were mixed. The S&P/TSX composite index was up 5.28 points at 21,842.46. In New York, the Dow Jones industrial average was up 165.78 points at 38,956.21. The S&P 500 index was down 5.35 points at ... Read More »

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‘Unambiguously good”: Inflation slows in February as price growth unexpectedly eases

By Nojoud Al Mallees, The Canadian Press on March 19th, 2024

OTTAWA – Canada’s annual inflation rate unexpectedly fell to 2.8 per cent last month, amid sharp declines in cellular and internet services as well as slower grocery price growth. Statistics Canada released its February consumer price index report Tuesday, which shows price growth softened for a second consecutive month. Economists were widely expecting Canada’s inflation ... Read More »

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