Business
Canadian Airbus workers reach tentative agreement with company
By The Canadian Press on April 12th, 2024
MIRABEL, Que. – Airbus Canada says it has reached a tentative agreement with the union representing employees at the company’s assembly facility in Mirabel, Que. The International Association of Machinists and Aerospace Workers represents about 1,300 workers at the facility. Earlier in April, workers rejected a second offer from the employer. At the time, the ... Read More »
Be the first to comment!TSX down almost 1% Friday, U.S. stock markets fall sharply as rate cut hopes wane
By Rosa Saba, The Canadian Press on April 12th, 2024
TORONTO – Canada’s main stock index lost almost one per cent on Friday as the market saw broad-based weakness, while U.S. markets also fell. The downward slide comes as investors have had to swallow a bitter pill this week, with U.S. inflation data making interest rate cuts south of the border look less imminent than ... Read More »
Be the first to comment!S&P/TSX composite down almost 1%, U.S. stock markets also fall
By The Canadian Press on April 12th, 2024
TORONTO – Canada’s main stock index lost almost one per cent on Friday as the market saw broad-based weakness, while U.S. markets also fell. The S&P/TSX composite index closed down 210.12 points at 21,899.99. In New York, the Dow Jones industrial average was down 475.84 points at 37,983.24. The S&P 500 index was down 75.65 ... Read More »
Be the first to comment!Stock market today: Wall Street falls sharply to close out its worst week since October
By Stan Choe, The Associated Press on April 12th, 2024
NEW YORK (AP) – U.S. stocks fell sharply following a mixed start to earnings reporting season. The S&P 500 sank 1.5% Friday. The Dow dropped 1.2%, and the Nasdaq composite fell 1.6% from its record. Worries about tensions in the Middle East rattled financial markets, and Treasury yields fell as investors looked for safer places ... Read More »
Be the first to comment!Oil and gas companies must pay more to drill on federal lands under new Biden administration rule
By Matthew Daly, The Associated Press on April 12th, 2024
WASHINGTON (AP) – Oil and gas companies will have to pay more to drill on federal lands and satisfy stronger requirements to clean up old or abandoned wells under a final rule issued Friday by the Biden administration. The Interior Department’s rule raises royalty rates for oil drilling by more than one-third, to 16.67%, in ... Read More »
Be the first to comment!Jurors in Coutts blockade public mischief trial will hear final arguments next week
By The Canadian Press on April 12th, 2024
LETHBRIDGE, Alta. – The Crown and defence lawyers have wrapped up their cases in the trial of three men accused of orchestrating the border shutdown at Coutts, Alta., in early 2022. The Crown announced it will not call any further evidence, and the defence told court it won’t call any evidence at all. The trial ... Read More »
Be the first to comment!Striking crab fishers vow to resume protests at Newfoundland and Labrador legislature
By The Canadian Press on April 12th, 2024
ST. JOHN’S, N.L. – The man who led a fish harvesters protest that shut down the Newfoundland and Labrador government last month says there is another demonstration planned for Monday. John Efford says he’s expecting a large number of fishers, who are refusing to fish for crab this year, to gather once again at the ... Read More »
Be the first to comment!House passes reauthorization of key US surveillance program after days of upheaval over changes
By Farnoush Amiri And Eric Tucker, The Associated Press on April 12th, 2024
WASHINGTON (AP) – The House passed a bill Friday to reauthorize and provide sweeping reforms of a key U.S. government surveillance tool without including broad restrictions on how the FBI uses this crucial program to search for Americans’ data. The bill, approved 273-147, now goes to the Senate where its future is uncertain. The program ... Read More »
Be the first to comment!Asking rent prices in March up 8.8% from year ago, but down from February: Urbanation
By The Canadian Press on April 12th, 2024
TORONTO – A new report says the asking rent for a home in Canada in March was up 8.8 per cent compared with a year ago, but down from February. The report by Urbanation, which analyzes monthly listings from the Rentals.ca, says the average asking rent for all home types was $2,181 last month. On ... Read More »
Be the first to comment!Oil and gas companies must pay more to drill on public lands under new Biden administration rule
By Matthew Daly, The Associated Press on April 12th, 2024
WASHINGTON (AP) – Oil and gas companies will have to pay more to drill on public lands and satisfy stronger requirements to clean up old or abandoned wells, according to a final rule issued Friday by the Biden administration. The Interior Department’s rule raises royalty rates for oil drilling by more than one-third, to 16.67%, ... Read More »
Be the first to comment!Home prices expected to climb 4.9% in 2024 as sales rise last month: CREA
By Sammy Hudes, The Canadian Press on April 12th, 2024
The Canadian Real Estate Association says it’s now expecting the national average home price to climb 4.9 per cent on an annual basis to $710,468, more than double the hike it had predicted at the start of 2024. In its updated outlook for the year released Friday, CREA said it now expects 492,083 homes to ... Read More »
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