Business
B.C. to increase local milk production with $25-million factory investment
By The Canadian Press on April 23rd, 2024
ABBOTSFORD, B.C. – The British Columbia government is spending up to $25 million toward the construction of a milk production plant aimed at boosting the supply of locally sourced food products. The province says in a statement that the expansion to Vitalus Nutrition’s plant in Abbotsford, B.C., will begin construction this summer and will increase ... Read More »
Be the first to comment!Equifax Canada testing use of rental payment data for credit scores
By The Canadian Press on April 23rd, 2024
TORONTO – Equifax Canada says it’s exploring how rent data could factor in to credit scores to help make credit and financial services accessible to more people. The agency says it’s been testing small volumes of rental payment data for a while, and has found that including “alternative data” could establish or enhance the credit ... Read More »
Be the first to comment!S&P/TSX composite up nearly 150 points, U.S. stock markets also climb higher
By The Canadian Press on April 23rd, 2024
TORONTO – Canada’s main stock index was up nearly 150 points, led by strength in technology stocks, while U.S. stock markets also climbed higher. The S&P/TSX composite index was up 149.07 points at 22,021.03. In New York, the Dow Jones industrial average was up 232.43 points at 38,472.41. The S&P 500 index was up 55.57 ... Read More »
Be the first to comment!PepsiCo beats Q1 revenue forecasts as price increases moderate
By Dee-ann Durbin, The Associated Press on April 23rd, 2024
PepsiCo reported better-than-expected revenue in the first quarter on strong international demand for its snacks and beverages. The Purchase, New York-based company said revenue rose 2% to $18.3 billion for the January-April period. That was higher than the $18 billion Wall Street forecast, according to analysts polled by FactSet. Pepsi reaffirmed its financial guidance for ... Read More »
Be the first to comment!Competition Bureau raises concerns over Bunge-Viterra deal
By The Canadian Press on April 23rd, 2024
GATINEAU, Que. – The Competition Bureau says it is likely that Bunge Ltd.’s US$8.2-billion deal to acquire Viterra Ltd. would “substantially” reduce competition in the grain and canola oil markets. In a report to Transport Minister Pablo Rodriguez, the bureau says the deal is likely to hurt competition in markets for grain purchasing in Western ... Read More »
Be the first to comment!Soft skills, preparation can help new graduates land jobs, experts say
By Ritika Dubey, The Canadian Press on April 23rd, 2024
TORONTO – Landing a job isn’t as easy as it was a few years ago, especially for younger Canadians, as the labour market continues to loosen. As new graduates enter the workforce over the next few weeks, they are likely to face challenges getting their foot in the door and must be prepared to effectively ... Read More »
Be the first to comment!Stock market today: Wall Street opens higher, adding to a hot start for the week
By Zimo Zhong And Matt Ott, The Associated Press on April 23rd, 2024
NEW YORK (AP) – Stocks are ticking higher on Wall Street and adding to their hot start to the week. The S&P 500 was up 0.5% in early trading on Tuesday, pulling further out of the hole created by a six-day losing streak. The Dow Jones Industrial Average was up 105 points, and the Nasdaq ... Read More »
Be the first to comment!AtkinsRéalis wins contract as part of consortium building new ÃŽle d’Orléans bridge
By The Canadian Press on April 23rd, 2024
MONTREAL – AtkinsRéalis says it has won a contract as part of the project to build the new ÃŽle d’Orléans bridge in Quebec. Financial terms of the deal were not immediately available. As part of a consortium, the company formerly known as SNC-Lavalin will oversee the design of roads, interchanges, approach spans, landscaping and related ... Read More »
Be the first to comment!Wall Street is looking to Tesla’s earnings for clues to Musk’s plan to restore company’s wild growth
By Tom Krisher, The Associated Press on April 23rd, 2024
Faced with falling global sales and a diving stock price, Tesla has slashed prices again on some of its electric vehicles and its “Full Self Driving” system in an apparent effort to boost the company’s earnings growth. But Wall Street was unimpressed and will be looking for other answers from CEO Elon Musk when Tesla ... Read More »
Be the first to comment!Doctors ask Liberal government to reconsider capital gains tax change
By Nojoud Al Mallees, The Canadian Press on April 23rd, 2024
OTTAWA – The Canadian Medical Association is asking the federal government to reconsider its proposed changes to capital gains taxation, arguing it will affect doctors’ retirement savings. Kathleen Ross, the association’s president, says many doctors incorporate their medical practices and invest for retirement inside their corporations. The proposed changes would increase taxes on those investments, ... Read More »
Be the first to comment!‘Trying not to die’: Tourism operators face heavy debt, even as business roars back
By Christopher Reynolds, The Canadian Press on April 23rd, 2024
Maureen Gordon has weathered hard times before. She and her husband began running ecotourism outfit Maple Leaf Adventures out of Vancouver about a month before the 9/11 terrorist attacks devastated international travel in 2001. The rebound was relatively quick. Fallout from COVID-19 has proven much more prolonged. “The pandemic of course was incredibly tumultuous and ... Read More »
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