Business
Airlines, shippers pitch feds on sustainability to keep up with other countries
By The Canadian Press on April 1st, 2024
Airlines and marine shippers are asking Ottawa to beef up funding for sustainable transport that would be put toward infrastructure projects and updates to existing systems. Ahead of the federal budget to be tabled later this month, a pair of transportation groups say incentive programs, loans and grants are essential to help companies reduce carbon ... Read More »
Be the first to comment!Browning West releases plan for Gildan to cut costs and grow market share
By The Canadian Press on April 1st, 2024
MONTREAL – An activist investor seeking to reinstate Glenn Chamandy as chief executive of Gildan Activewear Inc. says it wants to reduce costs at the clothing manufacturer and increase its market share in a bid to boost its earnings and share price. Browning West LP has nominated eight people including Chamandy for election to the ... Read More »
Be the first to comment!Firms, consumers more optimistic about economy amid expected rate cuts: BoC surveys
By The Canadian Press on April 1st, 2024
OTTAWA – The Bank of Canada says business and consumer sentiment improved during the first quarter of the year, despite higher interest rates still putting a drag on the economy. The central bank released its business outlook and consumer expectations surveys today, which show increased optimism as people expect interest rate cuts are nearing. Although ... Read More »
Be the first to comment!Minimum wage up across Atlantic Canada with biggest jump in Newfoundland and Labrador
By The Canadian Press on April 1st, 2024
HALIFAX – The minimum wage is going up today in all four Atlantic Canadian provinces. Newfoundland and Labrador is leading the way with a 60-cent increase, bringing its hourly rate to $15.60 – the highest minimum wage in the region. New Brunswick is increasing its rate by 55 cents an hour to $15.30. The hourly ... Read More »
Be the first to comment!Stock market today: Wall Street hangs near record highs at the start of a busy week
By Elaine Kurtenbach And Matt Ott, The Associated Press on April 1st, 2024
NEW YORK (AP) – Stocks are hanging near their records at the start of a week with several influential economic reports, including the government’s monthly jobs market survey on Friday. The S&P 500 was up 0.1% early Monday, coming off an all-time high and its latest winning month. The Dow Jones Industrial Average was off ... Read More »
Be the first to comment!Gmail revolutionized email 20 years ago. People thought it was Google’s April Fools’ Day joke
By Michael Liedtke, The Associated Press on April 1st, 2024
SAN FRANCISCO (AP) – Google co-founders Larry Page and Sergey Brin loved pulling pranks, so much so they began rolling outlandish ideas every April Fools’ Day not long after starting their company more than a quarter century ago. One year, Google posted a job opening for a Copernicus research center on the moon. Another year, ... Read More »
Be the first to comment!Ballard Power Systems signs largest order ever with European bus manufacturer Solaris
By The Canadian Press on April 1st, 2024
VANCOUVER – Ballard Power Systems says it has signed a long-term supply agreement with European bus manufacturer Solaris Bus & Coach that it calls its largest order ever for fuel cell engines. The deal consolidates existing orders for about 300 fuel cell engines, while adding aftermarket and extended warranty services, along with a new commitment ... Read More »
Be the first to comment!Parkland refinery returns to normal operations after unplanned January shutdown
By The Canadian Press on April 1st, 2024
CALGARY – Parkland Corp. says its refinery in Burnaby, B.C., returned to normal operations on March 29. The company says the return comes after an unplanned shutdown on Jan. 12 due to extreme cold weather. Parkland chief executive Bob Espey says that during the shutdown the company accelerated maintenance and refining optimization work that had ... Read More »
Be the first to comment!Canada likely to avoid recession, begin recovering in second half of 2024: Deloitte
By Rosa Saba, The Canadian Press on April 1st, 2024
TORONTO – Canada looks set to dodge a recession despite the ongoing downward pressure from higher interest rates, Deloitte Canada said in its economic outlook report. A number of worrisome trends are still weighing on the economy, Deloitte said, including sticky inflation, rising business insolvencies and increasing mortgage delinquencies. “Against this backdrop, we remain cautious ... Read More »
Be the first to comment!Payments Canada undergoes leadership change amid slow shift to faster payments
By The Canadian Press on April 1st, 2024
TORONTO – Trains aren’t the only place Canada lags on high-speed rail, as the effort to bring in a faster payment system, known as the Real-Time Rail, is years behind schedule. As an example, if you paid a bill online on the Thursday evening before the Easter long weekend, the payment might not be processed ... Read More »
Be the first to comment!Path of totality: Eastern Canada cities and towns to visit to view the solar eclipse
By The Canadian Press on April 1st, 2024
Parts of five provinces in Central and Eastern Canada will be in the path of a total solar eclipse on April 8. Major tourist destinations such as Montreal and Niagara Falls are expecting visitors from across the country, but eclipse chasers have a number of cities and towns to choose from. Ontario Kingston: Public places ... Read More »
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