Business
Met Opera $31M in black in 2019-20 as pandemic starts
By The Associated Press on June 10th, 2021
The Metropolitan Opera showed a tax return revealing it is $31 million in the black during the fiscal year that ended last July 31, but the company said the figure included mostly pledges for future years. The company’s tax return, released Thursday, showed revenue fell by $13 million for the season that included the initial ... Read More »
Be the first to comment!North American stock markets rebound as investors undaunted by higher U.S. inflation
By The Canadian Press on June 10th, 2021
TORONTO – North American stock markets rebounded as investors seemed to shrug off news that U.S. inflation is accelerating at its fastest pace since the financial crisis in 2008. The S&P/TSX composite index closed up 47.20 points to 20,049.47. In New York, the Dow Jones industrial average was up 19.10 points at 34,466.24. The S&P ... Read More »
Be the first to comment!Embattled Keystone XL pipeline continues to divide experts — even post-mortem
By The Canadian Press on June 10th, 2021
CALGARY – Even after its death, the divisive Keystone XL pipeline continues to leave Canadian energy industry experts at odds. While some suggest TC Energy Corp.’s cancellation of the project won’t impact global emissions, others says it’s a significant step in the fight against climate change. Dennis McConaghy, a retired oilpatch executive, calls the company’s ... Read More »
Be the first to comment!Air Canada to recall 2,600 workers as demand for travel bounces back
By The Canadian Press on June 10th, 2021
MONTREAL – Air Canada says it will recall more than 2,600 employees as it prepares for an increase in demand for flights. The airline says the employees being recalled will include various roles, including flight attendants, and will be brought back in stages in June and July. Air Canada spokesman Peter Fitzpatrick says the airline ... Read More »
Be the first to comment!Terra Nova oilfield shutdown could cost N.L. hundreds of millions of dollars
By The Canadian Press on June 10th, 2021
ST. JOHN’S, N.L. – Newfoundland and Labrador’s Energy Minister says the full shutdown of the dormant Terra Nova offshore oilfield could leave the province on the hook for hundreds of millions of dollars in royalty paybacks. Andrew Parsons told reporters today the province has offered the field’s operators nearly $500 million in incentives to get ... Read More »
Be the first to comment!Digital shift cushioned blow to post-pandemic growth outlook, BoC deputy says
By The Canadian Press on June 10th, 2021
OTTAWA – A Bank of Canada official says the economy’s ability to grow coming out of the pandemic isn’t as hobbled by COVID-19 as the central bank first feared. Deputy governor Timothy Lane says that’s because the country quickly embraced digital tools such as videoconferencing for remote work and food delivery apps. He says that ... Read More »
Be the first to comment!Border security workers to hold strike votes next week, jeopardizing border reopening
By The Canadian Press on June 10th, 2021
OTTAWA – A union representing 9,000 Canadian Border Service Agency personnel says Canada-U.S. border reopening plans are in jeopardy as their workers prepare for strike votes starting next week. The Public Service Alliance of Canada says 5,500 border services officers, 2,000 headquarters staff and other workers at Canada Post facilities and in inland enforcement jobs ... Read More »
Be the first to comment!S&P/TSX composite up as oil tops US$70 a barrel, U.S. stock markets also climb higher
By The Canadian Press on June 10th, 2021
TORONTO – Canada’s main stock index was up in late-morning trading, helped by gains in the energy sector as the price of oil topped US$70 per barrel. The S&P/TSX composite index was up 22.25 points at 20,024.52. In New York, the Dow Jones industrial average was up 113.93 points at 34,561.07. The S&P 500 index ... Read More »
Be the first to comment!Ontario unlikely to balance budget by 2030 despite post-pandemic growth: report
By The Canadian Press on June 10th, 2021
TORONTO – Ontario’s fiscal watchdog says the province’s economy will rebound over the next two years but the government is unlikely to reach its goal of a balanced budget by the start of the next decade. The Financial Accountability Office released a report on the province’s spring economic and budget outlook today, assessing the financial ... Read More »
Be the first to comment!Supreme Cannabis shareholders vote to approve $435M deal with Canopy Growth
By The Canadian Press on June 10th, 2021
TORONTO – Supreme Cannabis shareholders have voted in favour of the company being sold to Canopy Growth Corp. for $435 million. Supreme did not immediately share how many shareholders voted in favour of the deal, but said it was supported by at least a two-thirds majority vote, which was needed for approval. The company says ... Read More »
Be the first to comment!Scotiabank donates $2.5 M to Windmill Microlending to help skilled immigrant women
By The Canadian Press on June 10th, 2021
TORONTO – Scotiabank says it is donating $2.5 million to Windmill Microlending to help skilled immigrant women with career mentoring and financial support. Windmill Microlending is a not-for-profit working to address underemployment of internationally trained professionals. It offers loans up to $15,000 to pay for the credentials, licensing, training or professional development. Windmill Microlending CEO ... Read More »
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