April 11th, 2021

Business

TSX slips on weaker commodity prices while loonie rises on strong jobs report

By The Canadian Press on April 9th, 2021

TORONTO – Canada’s main stock index slipped ever so slightly on lower commodity prices as it capped a record-setting week while the loonie rose on a strong jobs report for March. The S&P/TSX composite index was down less than one point from the previous day’s record close to reach 19,228.03. In New York, the Dow ... Read More »

Be the first to comment!

Redline Communications gets $14 million in federal funding for industrial 5G project

By The Canadian Press on April 9th, 2021

MARKHAM, Ont. – Redline Communications will receive $14 million in federal funds to design high-speed wireless equipment for use in the mining, utilities and oil and gas sectors. Funds for Redline’s 5G technology project comes from the federal government’s strategic innovation fund for eligible corporations doing business in Canada. The funds will support a $39.5 ... Read More »

Be the first to comment!

Ontario retailers adjust to new rules, non-essential goods off-limits to shoppers

By The Canadian Press on April 9th, 2021

TORONTO – Retailers in Ontario are adjusting to new lockdown restrictions with stores like grocers, discount and big box chains roping off non-essential items from underwear to calculators. The rules, similar to those rolled out earlier in the pandemic in provinces like Quebec and Manitoba, have left aisles of goods off-limits to in-person shopping. Some ... Read More »

Be the first to comment!

B.C. liquor servers to get pay boost on par with general minimum wage increase

By The Canadian Press on April 9th, 2021

VICTORIA – The British Columbia government says the province’s lowest-paid workers, liquor servers, are getting a pay boost to match the general minimum wage that’s also set to increase in June. Labour Minister Harry Bains says he’s proud to put an end to the discriminatory lower minimum wage for liquor servers, 80 per cent of ... Read More »

Be the first to comment!

Airlines pull Boeing Max jets to inspect electrical systems

By David Koenig And Michelle Chapman, The Associated Press on April 9th, 2021

Airlines pulled dozens of Boeing Max 737s out of service for inspections after the aircraft maker told them about a possible electrical problem, the latest setback for plane. Boeing said Friday that the issue affected planes used by 16 airlines, and that it recommended inspections before the planes fly again. The Max was grounded worldwide ... Read More »

Be the first to comment!

Promote Indigenous access to disability tax credit, advisory committee recommends

By The Canadian Press on April 9th, 2021

OTTAWA – An advisory committee is calling on the Canada Revenue Agency to promote access to the disability tax credit in Indigenous communities and to develop tax-credit assessments tailored for Indigenous claimants. The CRA’s disability advisory committee, which includes professionals and advocates, says in its second annual report the revenue agency should fund community organizations ... Read More »

Be the first to comment!

Chipmaker TSMC says revenue up 16.7% as demand surges

By The Associated Press on April 9th, 2021

TAIPEI, Taiwan – Taiwan Semiconductor Manufacturing Co., the world’s biggest contract producer of processor chips, said Friday its revenue rose 16.7% in the latest quarter over a year ago as the global economy rebounded from the coronavirus pandemic. Revenue rose to 362.4 billion New Taiwan dollars ($12.7 billion) in the three months ending in March, ... Read More »

Be the first to comment!

Boeing sues subcontractor over work on Air Force One planes

By The Associated Press on April 9th, 2021

FORT WORTH, Texas – Boeing is suing a subcontractor it hired for work on new Air Force One planes used to carry the president, saying the company ran into financial problems and missed deadlines. The aircraft maker said the subcontractor’s problems have caused millions in damages to Boeing and jeopardized work that is critically important ... Read More »

Be the first to comment!

Losses in tech and base metals weigh on TSX in late-morning trading

By The Canadian Press on April 9th, 2021

TORONTO – Losses in the technology and base metals sectors weighed on the Toronto Stock Exchange as Canada’s main stock index fell in late-morning trading, while U.S. stock markets were mixed. The S&P/TSX composite index was down 22.18 points at 19,206.69. In New York, the Dow Jones industrial average was up 82.15 points at 33,585.72. ... Read More »

Be the first to comment!

Barrick accepts reduced ownership stake in deal to restart Papua New Guinea gold mine

By The Canadian Press on April 9th, 2021

CALGARY – Barrick Gold Corp. says its suspended gold mine in Papua New Guinea will resume operations later this year after negotiations to settle a bitter dispute with the national government resulted in the state taking a much larger ownership stake. The Porgera gold mine was suspended last April when the government refused to renew ... Read More »

Be the first to comment!

MTY Food Group profit slips amid drop in fast-food sales at malls and office towers

By The Canadian Press on April 9th, 2021

MONTREAL – MTY Food Group Inc. continued to grapple with the impact of the pandemic in its latest quarter as the drop in fast-food sales at malls and office towers took a bite out of profits. The restaurant franchisor and operator behind more than 80 brands including food court staples like Thai Express and Tiki-Ming ... Read More »

Be the first to comment!