Business
Aecon Group posts loss of $6.1 million in first quarter, sales also lower
By The Canadian Press on April 24th, 2024
TORONTO – Aecon Group Inc. reported a loss of $6.1 million in its first quarter, compared with a loss of $9.4 million a year earlier. The Toronto-based company says revenue for the quarter ended March 31 totalled $846.6 million, down from $1.1 billion during the same quarter last year. Diluted loss per share was 10 ... Read More »
Be the first to comment!Giant prehistoric salmon had tusk-like spikes used for defence, building nests: study
By The Canadian Press on April 24th, 2024
A new paper says a giant salmon that lived five million years ago in the coastal waters of the Pacific Northwest used tusk-like spikes as defense mechanisms and for building nests to spawn. The initial fossil discoveries of the 2.7-metre-long salmon in Oregon in the 1970s were incomplete and led researchers to suggest the fish ... Read More »
Be the first to comment!S&P/TSX composite down, U.S. markets mixed ahead of tech earnings and economic data
By Rosa Saba, The Canadian Press on April 24th, 2024
TORONTO – Canada’s main stock index erased its gains from the day before asindustrial and telecom stocks weighed on the market, while U.S. markets were mixed. The S&P/TSX composite index closed down 138 points at 21,873.72. In New York, the Dow Jones industrial average was down 42.77 points at 38,460.92.The S&P 500 index was up ... Read More »
Be the first to comment!Former SNC-Lavalin executive sentenced to prison term in bridge bribery case
By The Canadian Press on April 24th, 2024
A former SNC-Lavalin executive has been sentenced to three and a half years in prison in connection with a bribery scheme for a bridge repair contract in Montreal, the RCMP say. Normand Morin, once a high-ranking vice-president at the engineering firm, received the sentence Tuesday after his conviction for corruption and fraud last month. A ... Read More »
Be the first to comment!S&P/TSX composite down nearly 140 points, U.S. stock markets mixed
By The Canadian Press on April 24th, 2024
TORONTO – Canada’s main stock index erased its gains from the day before asindustrial and telecom stocks weighed on the market, while U.S. markets were mixed. The S&P/TSX composite index closed down 138 points at 21,873.72. In New York, the Dow Jones industrial average was down 42.77 points at 38,460.92.The S&P 500 index was up ... Read More »
Be the first to comment!Stock market today: Tesla cruises higher as most of Wall Street drifts in mixed trading
By Stan Choe, The Associated Press on April 24th, 2024
NEW YORK (AP) – U.S. stocks drifted to a mixed finish. The S&P 500 closed little changed Wednesday after a two-day winning streak erased nearly two-thirds of last week’s steep loss. The Dow Jones Industrial Average fell 0.1%, and the Nasdaq composite edged up 0.1%. Tesla jumped after saying the night before that it would ... Read More »
Be the first to comment!Rogers plans sale of data centres, other real estate as it zeroes in on debt
By Ritika Dubey, The Canadian Press on April 24th, 2024
TORONTO – Rogers Communications Inc. is listing its data centres for sale in an effort to raise a billion dollars as the company moves to pay off debt related to the Shaw merger, the company said. “It’s true,” CFO Glenn Brandt told analysts on the company’s first-quarter earnings call on Wednesday. “We are looking at ... Read More »
Be the first to comment!Five people from Maine arrested in Nova Scotia for illegally fishing baby eels
By The Canadian Press on April 24th, 2024
HALIFAX – The federal Fisheries Department says five people from Maine were arrested in southwestern Nova Scotia last weekend for illegally fishing for baby eels. In a news release, the department says the arrests occurred April 20 and in the early hours of April 21 in the Meteghan area of Digby County. The release didn’t ... Read More »
Be the first to comment!Ontario issues order to company on benzene emissions
By The Canadian Press on April 24th, 2024
TORONTO – Ontario’s environment ministry has ordered a Sarnia-area chemical company to get its benzene emissions under control after a neighbouring First Nation raised concerns. Aamjiwnaang First Nation is surrounded by industrial facilities and has long pushed for greater monitoring and action to protect their air quality and earlier this month they said data showed ... Read More »
Be the first to comment!BoC officials split on when to start cutting interest rates, summary shows
By Nojoud Al Mallees, The Canadian Press on April 24th, 2024
OTTAWA – Members of the Bank of Canada’s governing council were split on how long the central bank should wait before it starts cutting interest rates when they met earlier this month. The central bank released its summary of deliberations detailing the governing council’s discussions ahead of its decision to hold interest rates steady on ... Read More »
Be the first to comment!Canadian Pacific girds for potential rail strike next month
By Christopher Reynolds, The Canadian Press on April 24th, 2024
Canadian Pacific Kansas City Ltd. is preparing for the possibility of a strike by some 3,300 workers next month. “The way I see it, the positions have not changed a lot,” chief executive Keith Creel told analysts on a conference call Wednesday. “Obviously hope for the best, but you have to make sure you plan ... Read More »
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