Business
West Fraser and Mercer International dissolve joint venture in Cariboo Pulp and Paper
By The Canadian Press on April 2nd, 2024
VANCOUVER – West Fraser Timber Co. and Mercer International Inc. are dissolving their 50/50 joint venture in Cariboo Pulp and Paper. Vancouver-based West Fraser will be the sole owner and operator of the mill. West Fraser president and CEO Sean McLaren says the move better positions the company to support the mill and provide ongoing ... Read More »
Be the first to comment!Quebec electric snowmobile maker Taiga suspends production, lays off 70 workers
By The Canadian Press on April 2nd, 2024
Montreal-based electric snowmobile manufacturer Taiga Motors says it is pausing production and temporarily laying off around 70 workers. The company, which also makes electric watercraft, says its decision is in response to a challenging economy and an exceptionally mild winter. Taiga released quarterly and annual results today but did not hold a conference call with ... Read More »
Be the first to comment!As Ford ties Trudeau’s future to carbon price, Poilievre demands meeting of premiers
By Stephanie Taylor, The Canadian Press on April 2nd, 2024
OTTAWA – As the premier of Canada’s largest province warned that Justin Trudeau’s political future is tied to the fate of his consumer carbon price, the leader of the federal Conservatives urged the prime minister to convene an emergency meeting with his provincial and territorial counterparts. Tuesday brought another day of attacks against the Liberals’ ... Read More »
Be the first to comment!Bell Media president Sean Cohan says layoffs were necessary to reach company’s goals
By Alex Nino Gheciu, The Canadian Press on April 2nd, 2024
TORONTO – Bell Media president Sean Cohan says recent layoffs and programming cuts are something he doesn’t take lightly, but were necessary to accelerate the company’s goals in the digital media landscape. On Tuesday, Cohan made his first public appearance since stepping into the executive role by speaking at the inaugural Black Screen Office Symposium ... Read More »
Be the first to comment!S&P/TSX composite down more than 100 points Tuesday, U.S. stock markets also fall
By The Canadian Press on April 2nd, 2024
TORONTO – Canada’s main stock index declined more than 100 points on Tuesday as losses in financial, industrial and telecom stocks outweighed strength in energy and base metals, while U.S. stock markets also fell. The S&P/TSX composite index closed down 110.15 points at 22,075.10. In New York, the Dow Jones industrial average was down 396.61 ... Read More »
Be the first to comment!Browsing in incognito mode doesn’t protect you as much as you might think
By The Associated Press on April 2nd, 2024
NEW YORK (AP) – Although a private browsing mode known as “Incognito” in Google’s widely used Chrome browser has been available for nearly a decade, a legal settlement involving the way it works has cast new attention on this commonly available setting. The settlement disclosed Monday in a federal court is primarily designed to ensure ... Read More »
Be the first to comment!Tesla sales tumble nearly 9%, most in 4 years, as competition heats up and demand for EVs slows
By Tom Krisher, The Associated Press on April 2nd, 2024
DETROIT (AP) – Tesla sales fell sharply last quarter as competition increased worldwide, electric vehicle sales growth slowed, and price cuts failed to lure more buyers. The Austin, Texas, company said Tuesday that it delivered 386,810 vehicles worldwide from January through March, almost 9% below the 423,000 it sold in the same quarter of last ... Read More »
Be the first to comment!Border authorities looking to hike Nexus application fee to US$120 from US$50
By The Canadian Press on April 2nd, 2024
OTTAWA – Travellers looking to fast-track it across the border by signing up for Nexus could pay more than twice the current price to apply after September. Starting Oct. 1, Canadian authorities say applicants to the program, which allows pre-approved travellers to cross between Canada and the United States more quickly,might have tofork over US$120 ... Read More »
Be the first to comment!WestJet Encore pilots vote for strike mandate, adding to airline’s turbulence
By The Canadian Press on April 2nd, 2024
CALGARY – WestJet Encore pilots could go on strike as soon as April 17 after they approved a strike mandate Tuesday. The Air Line Pilots Association says aviators at WestJet’s regional carrier voted 97 per cent in favour of strike authorization after contract talks around pay and career progression came to a “near standstill.” The ... Read More »
Be the first to comment!Poilievre requests Trudeau call meeting with premiers opposing federal carbon price
By The Canadian Press on April 2nd, 2024
OTTAWA – Conservative Leader Pierre Poilievre is requesting that Prime Minister Justin Trudeau convene an emergency meeting with the country’s premiers to discuss the federal carbon price. Poilievre circulated the letter today on social media following the $15-per-tonne increase to the consumer carbon price that kicked in on Monday. He has spent the past month ... Read More »
Be the first to comment!BMO Capital Markets cuts price targets on shares for Canada’s big telecom players
By The Canadian Press on April 2nd, 2024
TORONTO – Shares of some of Canada’s big telecommunications companies fell as BMO Capital Markets cut its share price targets for several names in the sector. The firm also lowered its ratings on both BCE Inc. and Quebecor Inc. to market perform from outperform on a slower growth outlook based on competitive pressures. The move ... Read More »
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