Business
S&P/TSX composite edges lower Monday morning as U.S. stock markets rise
By The Canadian Press on April 8th, 2024
TORONTO – Losses in the energy sector led Canada’s main stock index slightly lower in late-morning trading on Monday, while U.S. stock markets were up. The S&P/TSX composite index was down 18.63 points at 22,245.75 In New York, the Dow Jones industrial average was up 52.04 points at 38,956.08. The S&P 500 index was up ... Read More »
Be the first to comment!Ontario premier tells LCBO to bring back paper bags in stores
By The Canadian Press on April 8th, 2024
TORONTO – Ontario Premier Doug Ford has directed the Liquor Control Board of Ontario to immediately reverse its decision to get rid of paper bags. The LCBO announced in April 2023 that it would start phasing out the bags, saying the move would divert 2,665 tonnes of waste from landfills and save the equivalent of ... Read More »
Be the first to comment!RBC terminates Nadine Ahn as CFO following probe into personal relationship
By The Canadian Press on April 8th, 2024
TORONTO – Royal Bank of Canada says it has terminated chief financial officer Nadine Ahn following an investigation into a personal relationship she allegedly had with another employee. In a statement released Friday evening, RBC says it recently became aware of allegations involving Ahn and launched an internal review, while also consulting external legal counsel ... Read More »
Be the first to comment!Hootsuite buys analytics firm Talkwalker as CEO foresees social media disruption
By Tara Deschamps, The Canadian Press on April 8th, 2024
When Irina Novoselsky contemplates social media, she’s certain the next decade won’t be anything like the last because consumers increasingly allow the online world to shape nearly every aspect of their lives. “We’re big believers that social media is about to be massively disrupted,” says the chief executive of Hootsuite Inc., a Vancouver-based company that ... Read More »
Be the first to comment!Harvesters refusing to fish crab in Newfoundland and Labrador, saying price too low
By The Canadian Press on April 8th, 2024
ST. JOHN’S, N.L. – The union representing inshore fish harvesters in Newfoundland and Labrador says its members are refusing to catch crab because the prices offered are too low to make a living. Crab season opened in much of the province on Saturday, but the Fish, Food and Allied Workers Union says fishers have left ... Read More »
Be the first to comment!Stock market today: Wall Street holds steady after a bumpy ride last week
By Yuri Kageyama And Matt Ott, The Associated Press on April 8th, 2024
NEW YORK (AP) – Stocks are holding steadier on Wall Street after a roller-coaster end to last week left them a bit shy of their records. The S&P 500 was little changed in early trading Monday. The Dow Jones Industrial Average rose 44 points, and the Nasdaq composite was flat. Markets have been focused on ... Read More »
Be the first to comment!Montreal home sales up in March as prices rise across all housing types
By The Canadian Press on April 8th, 2024
MONTREAL – The Quebec Professional Association of Real Estate Brokers says Montreal-area home sales rose 14.2 per cent in March compared with the same month last year. The association says home sales in the region totalled 4,488 for the month, up from 3,930 in March 2023. But it says this level of transactional activity remains ... Read More »
Be the first to comment!Many Canadians still feeling squeezed even as debt worries ease: insolvency firm
By The Canadian Press on April 8th, 2024
Some Canadians are feeling a little more optimistic about their debt with the prospect of interest rate cuts on the horizon, said MNP Ltd. The insolvency firm’s Consumer Debt Index metric showed a significant rebound in the first quarter of 2024 after 12 months of low scores, according to its latest report. More than a ... Read More »
Be the first to comment!Spring housing market surge unlikely as affordability, cost of living weigh on buyers
By Sammy Hudes, The Canadian Press on April 8th, 2024
After five straight holds of the Bank of Canada’s key interest rate that followed its hiking cycle of more than a year, economists say a rebound awaits the national housing market – but don’t expect a big surge just yet. The central bank is expected to again hold its key rate steady when it announces ... Read More »
Be the first to comment!Winning Powerball jackpot ticket worth $1.3 billion sold in Portland, Oregon
By The Associated Press on April 7th, 2024
DES MOINES, Iowa (AP) – A Powerball player in Oregon won a jackpot worth more than $1.3 billion on Sunday, ending a winless streak that had stretched more than three months. The single ticket – revealed following a delay of more than three hours to the drawing – matched all six numbers drawn to win ... Read More »
Be the first to comment!Canadian Airbus workers reject company’s second contract offer
By The Canadian Press on April 7th, 2024
MIRABEL, Que. – Unionized employees at the Airbus assembly facility in Mirabel, Que., have rejected the company’s latest contract offer in a vote earlier today. A statement from Airbus says it had been holding talks with representatives of the Airbus A220 workers since they rejected the first offer three weeks ago. The company says the ... Read More »
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