Business
Liberals to explain how they will foot the bill for new spending in Tuesday’s budget
By The Canadian Press on April 15th, 2024
OTTAWA – Chrystia Freeland donned fresh footwear for the benefit of the cameras today – a long-standing tradition the day before the finance minister presents the federal budget. The Liberals have made no secret of their plans to focus on housing and affordability, so the only details left to disclose on Tuesday could well be ... Read More »
Be the first to comment!B.C. home sales slide almost 10 per cent in March despite mortgage rate drop
By The Canadian Press on April 15th, 2024
VANCOUVER – Home sales in British Columbia fell by almost 10 per cent in March compared with the same period last year, in a slowdown an analyst says could be buyers waiting for lower interest rates. The B.C. Real Estate Association says the province saw 6,460 residential unit sales in the Multiple Listing Service systems ... Read More »
Be the first to comment!Lynx Air claims passenger refunds will hurt investors due to defiant contractor
By The Canadian Press on April 15th, 2024
CALGARY – Lynx Air says customer refunds are a big expense for the insolvent company thanks to an unco-operative contractor. The ultra-low-cost carrier, which ceased operations and filed for creditor protection in late February, claims in court filings that the firm contracted to handle bookings, Texas-based Sabre Corp., has “refused to assist” with passenger reimbursement. ... Read More »
Be the first to comment!Walmart launches pilot program for customers to recycle reusable shopping bags
By The Canadian Press on April 15th, 2024
Walmart Canada is launching a national pilot program for customers to recycle their reusable shopping bags. The retailer says customers from across Canada can send in their extra or damaged Walmart reusable blue shopping bags. TerraCycle, the company powering the program, will either wash and donate the bags to charity partners or recycle them. Walmart ... Read More »
Be the first to comment!Conflict heating up between Parkland Crop. and top shareholder Simpson Oil
By Amanda Stephenson, The Canadian Press on April 15th, 2024
CALGARY – The internal strife at fuel retailer Parkland Corp.continues as the Calgary-based company rejected a call by its largest shareholder to consider a potential sale of the business. It’s the latest development in Parkland’s months-long dispute with Simpson Oil, which owns about 20 per cent of Parkland shares but no longer has a seat ... Read More »
Be the first to comment!Tesla plans to lay off 10% of workforce after dismal quarterly sales, multiple news outlets report
By The Associated Press on April 15th, 2024
DETROIT (AP) – After reporting dismal first-quarter sales, Tesla is planning to lay off about a tenth of its workforce as it tries to cut costs, multiple media outlets reported Monday. CEO Elon Musk detailed the plans in a memo sent to employees. The layoffs could affect about 14,000 of the 140,473 workers employed by ... Read More »
Be the first to comment!S&P/TSX composite weighed down by energy in late-morning trading, U.S. markets mixed
By The Canadian Press on April 15th, 2024
TORONTO – Canada’s main stock index moved lower in late-morning trading Monday, weighed down by weakness in energy stocks, while U.S. markets were mixed. The S&P/TSX composite index was down 66.26 points at 21,833.73. In New York, the Dow Jones industrial average was up 63.25 points at 38,046.49. The S&P 500 index was up 2.58 ... Read More »
Be the first to comment!Tesla is planning to lay off 10% of its workers after dismal 1Q sales, multiple news outlets report
By The Associated Press on April 15th, 2024
DETROIT (AP) – After reporting dismal first-quarter sales, Tesla is planning to lay off about a tenth of its workforce as it tries to cut costs, multiple media outlets reported Monday. CEO Elon Musk detailed the plans in a memo sent to employees. The layoffs could affect about 14,000 of the 140,473 workers employed by ... Read More »
Be the first to comment!Retail sales surge 0.7% in March as Americans seem unfazed by higher prices with jobs plentiful
By Anne D'innocenzio, The Associated Press on April 15th, 2024
NEW YORK (AP) – Americans boosted spending at a hotter-than-expected pace in March, underscoring how shoppers remain resilient despite inflationary pressures and other economic challenges. Retail sales rose 0.7% last month – almost double what economists had forecast – after rising 0.9% in February, according to Commerce Department data released Monday. The February figure was ... Read More »
Be the first to comment!Protest averted as Newfoundland and Labrador premier helps reach pricing deal on crab
By The Canadian Press on April 15th, 2024
ST. JOHN’S, N.L. – A pricing agreement has been reached between crab fishers and seafood processors that will allow for Newfoundland and Labrador’s annual crab fishery to get started. The provincial government says Premier Andrew Furey helped Sunday to negotiate the deal between the Fish, Food and Allied Workers Union, which represents inshore fishermen, and ... Read More »
Be the first to comment!Retail sales surge 0.7% in March with Americans seemingly unfazed by higher prices
By Anne D'innocenzio, The Associated Press on April 15th, 2024
NEW YORK (AP) – Americans boosted spending at a hotter-than-expected pace in March, underscoring how shoppers remain resilient despite inflationary pressures and other economic challenges. Retail sales rose 0.7% last month – almost double what economists had forecast – after rising 0.9% in February, according to Commerce Department data released Monday. The February figure was ... Read More »
Be the first to comment!
