Business
With completion in sight, what’s next for the Trans Mountain pipeline project?
By The Canadian Press on March 26th, 2024
CALGARY – After more than four years of construction and at least $34 billion in costs, the Trans Mountain pipeline expansion project is nearly complete. Here’s a look at what milestones to expect in the coming weeks as the massive pipeline gets ready to start shipping Canadian oil to the West Coast: Resolution of B.C. ... Read More »
Be the first to comment!Japan approves plan to sell fighter jets to other nations in latest break from pacifist principles
By Mari Yamaguchi, The Associated Press on March 25th, 2024
TOKYO (AP) – Japan’s Cabinet on Tuesday approved a plan to sell future next-generation fighter jets that it’s developing with Britain and Italy to other countries, in the latest move away from the country’s postwar pacifist principles. The contentious decision to allow international arms sales is expected to help secure Japan’s role in the joint ... Read More »
Be the first to comment!Black Press closes sale of company; emerges from creditor protection
By The Canadian Press on March 25th, 2024
SURREY, B.C. – Black Press Ltd., the owner of dozens of community newspapers across Western Canada, says it has emerged from creditor protection following the restructuring and sale of the company. The Surrey, B.C.-based publisher announced in January it had entered creditor protection under the Companies’ Creditors Arrangement Act. On Monday it said it has ... Read More »
Be the first to comment!Boeing CEO to step down in management shake-up as manufacturing issues plague storied plane maker
By David Koenig, The Associated Press on March 25th, 2024
A leadership shake-up at Boeing, including news Monday that its top executive plans to step down, highlights the difficult path facing the iconic aircraft manufacturer as it tries to navigate through yet another safety crisis. CEO David Calhoun, who has been under unrelenting pressure since a panel blew off a Boeing 737 Max jetliner during ... Read More »
Be the first to comment!S&P/TSX composite closes lower despite boost to energy and mining stocks
By The Canadian Press on March 25th, 2024
TORONTO – Energy and mining stocks got a boost from rising commodity prices Monday but Canada’s main stock index closed down overall to kick off a short trading week. The S&P/TSX composite index was down 41.80 points at 21,942.28. In New York, the Dow Jones industrial average was down 162.26 points at 39,313.64. The S&P ... Read More »
Be the first to comment!Sales and investment process started for SaltWire Network and The Halifax Herald
By The Canadian Press on March 25th, 2024
HALIFAX – A Nova Scotia judge has approved a process aimed at finding buyers or investors willing to bid on SaltWire Network Inc. and The Halifax Herald Ltd., the two companies that operate Atlantic Canada’s largest newspaper enterprise. Earlier this month, Nova Scotia Supreme Court Justice John Keith granted the insolvent companies protection from creditors ... Read More »
Be the first to comment!DavidsTea signs deal to bring products to 1,500 Circle K, Couche-Tard stores
By The Canadian Press on March 25th, 2024
DavidsTea Inc. says it has signed a deal to sell its beverages in 1,500 Circle K and Couche-Tard stores. The Montreal-based tea purveyor says the deal with convenience store owner Alimentation Couche-Tard is structured as an exclusive supplier agreement. Circle K and Couche-Tard stores covered by the agreement will sell tea sachets in eight DavidsTea ... Read More »
Be the first to comment!Bell CEO ordered to appear at House of Commons committee over job cuts
By Mickey Djuric, The Canadian Press on March 25th, 2024
OTTAWA – Members of Parliament have issued a summons to the head of Bell Canada to compel his testimony next month about the company’s decision to cut thousands of jobs across the country. CEO Mirko Bibic and a handful of other executives were originally invited to appear before the Canadian Heritage committee on Feb. 29 ... Read More »
Be the first to comment!Bell CEO summoned to committee over job cuts after not finding time to appear: MPs
By Mickey Djuric, The Canadian Press on March 25th, 2024
OTTAWA – Members of Parliament have issued a summons to the head of Bell Canada to compel his testimony next month about the company’s decision to cut thousands of jobs across the country. CEO Mirko Bibic and a handful of other executives were originally invited to appear before the Canadian Heritage committee on Feb. 29 ... Read More »
Be the first to comment!CPKC’s Creel sees his compensation jump to $20 million after railway merger
By Christopher Reynolds, The Canadian Press on March 25th, 2024
MONTREAL – The head of Canada’s second-biggest railway enjoyed a big jump in compensation after a historic year for the company as it integrated a major acquisition. Keith Creel, CEO of Canadian Pacific Kansas City Ltd., took in a total compensation boost of 38 per cent that reached $20.1 million last year, company financial filings ... Read More »
Be the first to comment!Bell CEO summoned to committee over job cuts after not finding time to appear
By The Canadian Press on March 25th, 2024
OTTAWA – Members of Parliament have summoned the head of Bell Canada to testify next month about the company’s decision to cut thousands of jobs across the country. CEO Mirko Bibic was originally invited to appear before the Canadian Heritage committee on Feb. 29 and then March 19, but MPs say he has so far ... Read More »
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