Business
B.C. port terminal among sites blocked in co-ordinated pro-Palestinian protests
By The Canadian Press on April 15th, 2024
DELTA, B.C. – A blockade by pro-Palestinian protesters at a major port terminal in Metro Vancouver disrupted operations for several hours before dispersing on Monday. Terminal operator GCT Canada said the protesters’ actions were illegal and stopped container trucks from accessing the Deltaport facility by blocking the Roberts Bank causeway for several hours. Photos and ... Read More »
Be the first to comment!New Gildan CEO Vince Tyra updates investors on priorities amid leadership battle
By The Canadian Press on April 15th, 2024
MONTREAL – Gildan Activewear Inc.’s new CEO Vince Tyra gave an update to investors three months into his time leading the company as infighting over his hiring continues. Tyra outlined his strategic priorities for the company, with a focus on driving growth at the Montreal-based clothing manufacturer. Gildan has been embroiled in controversy ever since ... Read More »
Be the first to comment!Pro-Palestinian protest ends at Metro Vancouver container port
By The Canadian Press on April 15th, 2024
DELTA, B.C. – A blockade by pro-Palestinian protesters at a major port terminal in Metro Vancouver has broken up after hours of disruption. Terminal operator GCT Canada says the illegal protesters’ actions today caused an unsafe situation as truckers tried to access the Deltaport facility but were being held on the Roberts Bank causeway. GCT ... Read More »
Be the first to comment!TSX down 160 points as energy stocks move lower, U.S. markets continue to fall
By Rosa Saba, The Canadian Press on April 15th, 2024
TORONTO – Canada’s main stock index lost almost 160 points on Monday, weighed down by weakness in energy stocks, while U.S. markets also fell, led by a 1.8 per cent drop on the Nasdaq. Markets fell in a broad-based selloff led by rate-sensitive sectors as investors continued their recent risk-off trading, said Mike Archibald, vice-president ... Read More »
Be the first to comment!S&P/TSX composite down 160 points as energy stocks move lower, U.S. markets fall
By The Canadian Press on April 15th, 2024
TORONTO – Canada’s main stock index lost almost 160 points on Monday, weighed down by weakness in energy stocks, while U.S. markets also fell, led by a 1.8 per cent drop on the Nasdaq. The S&P/TSX composite index closed down 159.79 points at 21,740.20. In New York, the Dow Jones industrial average was down 248.13 ... Read More »
Be the first to comment!Here’s what the Liberals have promised will be in the federal budget on Tuesday
By Nojoud Al Mallees, The Canadian Press on April 15th, 2024
OTTAWA – Finance Minister Chrystia Freeland is set to present the federal budget on Tuesday after a countrywide tour that teased many of the housing and affordability measures to be included in the document. Here’s what the federal Liberals have already promised. Housing plan On Friday, Prime Minister Justin Trudeau announced his government’s plan to ... Read More »
Be the first to comment!Defunct Lynx Air blames contractor for delayed passenger refunds
By Christopher Reynolds, The Canadian Press on April 15th, 2024
A contractor bears the blame for delayed refunds to Lynx Air customers, the insolvent airline says, adding that the hold-up will also hurt company stakeholders. Lynx, which ceased operations and filed for creditor protection in late February, claimed in court filings that the firm hired to handle bookings, Texas-based Sabre Corp., has hampered passenger reimbursements. ... Read More »
Be the first to comment!Pro-Palestinian protesters block access to container port in Metro Vancouver
By The Canadian Press on April 15th, 2024
DELTA, B.C. – Pro-Palestinian protesters have blocked access to a major container port terminal in Metro Vancouver. Terminal operator GCT Canada says “illegal protesters’ actions are causing an unsafe situation” as truckers that try to access the Deltaport facility are being held on the Roberts Bank causeway. GCT spokesman Marko Dekovic says in a statement ... Read More »
Be the first to comment!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 »
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