March 28th, 2024

Business

Enbridge joint venture to connect Permian Basin natural gas to U.S. Gulf Coast

By The Canadian Press on March 26th, 2024

CALGARY – Enbridge Inc. says it has signed a deal to form a joint venture to help connect Permian Basin natural gas to the U.S. Gulf Coast. Under the deal, Enbridge will contribute its Rio Bravo pipeline project and US$350 million in cash to the joint venture. It will also fund the first US$150 million ... Read More »

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Luxury parka maker Canada Goose laying off 17% of corporate staff

By Tara Deschamps, The Canadian Press on March 26th, 2024

TORONTO – Canada Goose Holdings Inc. says it is laying off 17 per cent of its global corporate workforce. In a LinkedIn note from CEO Dani Reiss, the luxury parka maker said Tuesday that the job cuts are meant to put the company in a better position for scaling and will help the Toronto-based business ... Read More »

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Canadian National Railway Co. releases new Indigenous relations policy

By The Canadian Press on March 26th, 2024

MONTREAL – Canadian National Railway Co. has released a new Indigenous relations policy for the railway. CN chief legal officer Olivier Chouc says by acknowledging its past and embracing its responsibilities, the railway is laying a stronger foundation to continue to develop respectful, sustainable, and mutually beneficial relationships. The policy includes principles on cultural awareness ... Read More »

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US consumers remain confident, but their feelings about the near future are a bit more cloudy

By Matt Ott, The Associated Press on March 26th, 2024

U.S. consumer confidence held steady this month even as Americans wrestle with higher prices and feel less optimistic about the short-term future. The Conference Board, a business research group, said Tuesday that its consumer confidence index ticked down to 104.7 in March from a revised 104.8 in February. The index measures both Americans’ assessment of ... Read More »

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US consumers remain confident, but their feelings about the near future is a bit more cloudy

By Matt Ott, The Associated Press on March 26th, 2024

U.S. consumer confidence held steady this month even as Americans wrestle with higher prices and feel less optimistic about the short-term future. The Conference Board, a business research group, said Tuesday that its consumer confidence index ticked down to 104.7 in March from a revised 104.8 in February. The index measures both Americans’ assessment of ... Read More »

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US consumer confidence holds steady even as high prices weigh on household budgets

By Matt Ott, The Associated Press on March 26th, 2024

U.S. consumer confidence held steady this month even as Americans wrestle with higher prices and feel less optimistic about the short-term future. The Conference Board, a business research group, said Tuesday that its consumer confidence index ticked down to 104.7 in March from a revised 104.8 in February. The index measures both Americans’ assessment of ... Read More »

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Luxury parka maker Canada Goose laying off 17% of staff

By The Canadian Press on March 26th, 2024

TORONTO – Canada Goose Holdings Inc. says it is laying off 17 per cent of its global corporate workforce. In a LinkedIn note from CEO Dani Reiss, the luxury parka maker says the job cuts are meant to put the company in a better position for scaling. He says the Toronto-based business will now be ... Read More »

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Financial mythbusting 101: Don’t get stuck on financial advice that doesn’t ring true

By Ritika Dubey, The Canadian Press on March 26th, 2024

TORONTO – Finance tips and advice that worked decades ago aren’t always relevant in today’s day and age. Still, well-meaning friends and family often recycle the same information for younger generations – only for them to find out the hard way the advice might be inaccurate. Financial experts say they encounter myths every day in ... Read More »

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Stock market today: Wall Street opens higher, edging back toward records

By Yuri Kageyama And Matt Ott, The Associated Press on March 26th, 2024

NEW YORK (AP) – Stocks are opening higher on Wall Street. The S&P 500 rose 0.3% early Tuesday, coming off a listless performance where it edged a bit further from its all-time high set last week. The Dow Jones Industrial Average edged up 48 points, and the Nasdaq composite was up 0.5%. Krispy Kreme soared ... Read More »

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Trump’s social media company soars 40% in its first day of trading on Nasdaq

By The Associated Press on March 26th, 2024

NEW YORK (AP) – Shares of Donald Trump’s social media company jumped 40% in the first day of trading on the Nasdaq, boosting the value of the former president’s large stake in the company in the process. Trump Media & Technology Group runs the social media platform Truth Social. Before trading began, Trump Media had ... Read More »

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