Business
Emissions cap could hurt Trans Mountain pipeline’s sale price: Calgary Chamber
By The Canadian Press on March 27th, 2024
CALGARY – The Calgary Chamber of Commerce is warning Ottawa that its proposed cap on emissions from the oil and gas sector could compromise the valuation of the Trans Mountain pipeline. Canada’s oil industry has been fighting tooth-and-nail against the promised cap, which the federal government has said it expects to finalize later this year. ... Read More »
Be the first to comment!S&P/TSX composite up nearly 100 points in late-morning trading, U.S. markets mixed
By The Canadian Press on March 27th, 2024
TORONTO – Canada’s main stock index was up nearly 100 points in late-morning trading, helped higher by strength in base metal stocks, while U.S. stock markets were mixed. The S&P/TSX composite index was up 94.62 points at 22,007.14. In New York, the Dow Jones industrial average was up 232.85 points at 39,515.18. The S&P 500 ... Read More »
Be the first to comment!Lightspeed exploring AI to help merchants with product descriptions, forecasting
By The Canadian Press on March 27th, 2024
TORONTO – The head of Lightspeed Commerce Inc. says the company is exploring how it can use generative artificial intelligence to help its customers. CEO Dax Dasilva says AI could be helpful for merchants wanting to write product descriptions if they have high volumes of merchandise. He also sees it as potentially useful for sellers ... Read More »
Be the first to comment!Settlement reached in lawsuit between Florida Gov. Ron DeSantis allies and Disney
By Mike Schneider, The Associated Press on March 27th, 2024
ORLANDO, Fla. (AP) – Allies of Florida Gov. Ron DeSantis and Disney reached a settlement agreement Wednesday in a lawsuit over who controls Walt Disney World’s governing district. In a meeting, the members of the board of the Central Florida Tourism Oversight District approved the settlement agreement, ending almost two years of litigation that was ... Read More »
Be the first to comment!Housing starts stable in 2023, but demand still outpaces growing supply of apartments
By The Canadian Press on March 27th, 2024
OTTAWA – The Canada Mortgage and Housing Corp. says construction of new homes in Canada’s six largest cities remained stable at near all-time high levels last year, driven by a surge of new apartments – despite demand still outpacing supply for rental housing. The agency says combined housing starts in the Toronto, Vancouver, Montreal, Calgary, ... Read More »
Be the first to comment!Settlement reached in lawsuit between Florida Gov. Ron DeSantis and Disney
By The Associated Press on March 27th, 2024
ORLANDO, Fla. (AP) – Allies of Florida Gov. Ron DeSantis and Disney reached a settlement agreement Wednesday in a lawsuit over who controls Walt Disney World’s governing district. In a meeting, the members of the board of the Central Florida Tourism Oversight District approved the settlement agreement, ending almost two years of litigation that was ... Read More »
Be the first to comment!Police had about 90 seconds to stop traffic before Baltimore bridge fell. 6 workers are feared dead
By Lea Skene, The Associated Press on March 27th, 2024
BALTIMORE (AP) – It was the middle of the night when a dispatcher’s warning crackled over the radio: A massive cargo ship had lost its steering capabilities and was heading toward the Francis Scott Key Bridge. Within about 90 seconds, police officers responded that they had managed to stop vehicle traffic over the Baltimore bridge ... Read More »
Be the first to comment!Statistics Canada says population growth rate in 2023 was highest since 1957
By The Canadian Press on March 27th, 2024
OTTAWA – Statistics Canada says the country posted its highest annual population growth rate in more than six decades last year. The agency says the population grew 3.2 per cent, its fastest pace since 1957 when it grew 3.3 per cent. The increase brought the population to 40,769,890on Jan. 1, 2024. The total was up ... Read More »
Be the first to comment!Alamos Gold signs deal for Argonaut Gold and its Magino mine in Ontario
By The Canadian Press on March 27th, 2024
TORONTO – Alamos Gold Inc. has signed a deal to acquire Argonaut Gold Inc.’s Magino mine in Canada, while the company’s assets in the United States and Mexico will be spun out to its existing shareholders. Argonaut’s Magino mine is located next to Alamo’s Island Gold mine in Ontario. Alamos says integration of the two ... Read More »
Be the first to comment!Business leaders say housing biggest risk to economy: KPMG survey
By Ian Bickis, The Canadian Press on March 27th, 2024
TORONTO – Business leaders see the housing crisis as the biggest risk to the economy, a new survey from KPMG Canada shows. It found 94 per cent of respondents agreed that high housing costs and a lack of supply are the top risk, and that housing should be a main focus in the upcoming federal ... Read More »
Be the first to comment!CRA fires 232 people for falsely claiming $2,000 monthly pandemic benefit
By The Canadian Press on March 26th, 2024
OTTAWA – The Canada Revenue Agency has now fired more than 200 people for falsely claiming a federal income benefit during the COVID-19 pandemic. The CRA says as of March 15, 232 employees “inappropriately applied for and received” the Canada Emergency Response Benefit and have been terminated, an increase of 47 since December. The benefit, ... Read More »
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