April 14th, 2021

Business

West Fraser says OSB panel production has been restored at Quebec mill closed in 2008

By The Canadian Press on March 30th, 2021

CALGARY – West Fraser Timber Co. Ltd. says it has begun producing and shipping building panels from the Chambord, Que., oriented strand board (OSB) mill it inherited with its recent $4-billion all-stock takeover of rival Norbord Inc. The start of production from the mill shut down in 2008 comes as OSB prices reach record high ... Read More »

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Economic recovery could reveal understaffed restaurant industry

By Salmaan Farooqui, The Canadian Press on March 30th, 2021

Ever since Jessye Grundlingh immigrated to Canada from South Africa a decade ago, restaurant work has been a major part of her professional career. Her work as a server gave her a dependable income while she worked to grow her own DIY crafts business, and it helped pay for her tuition fees at the Ontario ... Read More »

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Epic Games complains about Apple to UK competition watchdog

By Kelvin Chan, The Associated Press on March 30th, 2021

LONDON – Epic Games submitted a complaint Tuesday about Apple’s alleged “monopolistic practices” to the U.K. competition watchdog, which is investigating the iPhone maker over concerns it has a dominant position in app distribution. The move by the maker of the popular video game Fortnite is the latest salvo in its bitter battle over Apple’s ... Read More »

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Virgin Galactic rolls out latest generation of spaceship

By Susan Montoya Bryan, The Associated Press on March 30th, 2021

ALBUQUERQUE, N.M. – Virgin Galactic rolled out its newest spaceship Tuesday as the company looks to resume test flights in the coming months at its headquarters in the New Mexico desert. Company officials said it will likely be summer before the ship – designed and manufactured in California – undergoes glide flight testing at Spaceport ... Read More »

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‘Lighting a fuse’: Amazon vote may spark more union pushes

By Joseph Pisani And Bill Barrow, The Associated Press on March 30th, 2021

What happens inside a warehouse in Bessemer, Alabama, could have major implications not just for the country’s second-largest employer but the labour movement at large. Organizers are pushing for some 6,000 Amazon workers there to join the Retail, Wholesale and Department Store Union on the promise it will lead to better working conditions, better pay ... Read More »

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IMF head: global growth prospects rising but dangers remain

By Martin Crutsinger, The Associated Press on March 30th, 2021

WASHINGTON – The head of the 190-nation International Monetary Fund says prospects for global growth have brightened since January, helped by a $1.9 trillion U.S. rescue package. But she warns that uneven progress in fighting the pandemic could jeopardize the economic gains. IMF Managing Director Kristalina Georgieva said Tuesday that when the IMF releases its ... Read More »

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Port of Montreal sees drop in shipments as labour dispute continues

By The Canadian Press on March 30th, 2021

MONTREAL – Shipping volumes at the Port of Montreal are dropping over anxiety among importers and exporters about a potential strike, Maritime Employers Association president Martin Tessier says. Volume at the port has dropped 1.8 per cent since the start of 2021, Tessier said in an interview with The Canadian Press. The union representing 1,125 ... Read More »

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Utility and telecom sectors weigh on S&P/TSX composite, U.S. stock markets down

By The Canadian Press on March 30th, 2021

TORONTO – Canada’s main stock index was down in late-morning trading amid losses in the telecom and utility sectors, while U.S. stock markets also moved lower. The S&P/TSX composite index was down 13.06 points at 18,706.16. In New York, the Dow Jones industrial average was down 71.66 points at 33,099.71. The S&P 500 index was ... Read More »

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Dialogue Health shares surge in TSX debut after IPO priced shares at $12

By Tara Deschamps, The Canadian Press on March 30th, 2021

Dialogue Health Technologies Inc. shares surged in an initial public offering on the Toronto Stock Exchange. The Montreal-based telemedicine company priced 8.34 million shares in its IPO at $12 each to generate aggregate gross proceeds of about $100 million, but its stock jumped by 25 per cent to reach $15 in mid-morning trading Tuesday. “This ... Read More »

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Supreme Court case could change the nature of college sports

By Jessica Gresko, The Associated Press on March 30th, 2021

WASHINGTON – A Supreme Court case being argued this week amid March Madness could erode the difference between elite college athletes and professional sports stars. If the former college athletes who brought the case win, colleges could end up competing for talented student athletes by offering over-the-top education benefits worth tens of thousands of dollars. ... Read More »

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Consumer confidence surges in March to highest point in year

By Martin Crutsinger, The Associated Press on March 30th, 2021

WASHINGTON – U.S. consumer confidence surged in March to the highest reading in a year, helped by increased vaccinations and more government economic support. The Conference Board said Tuesday its consumer confidence index rose to 109.7 in March, the best showing since it stood at 118.8 in March of last year as the pandemic was ... Read More »

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