Business
‘No immediate risk’ from 2.5-million-litre effluent spill from B.C. fibreboard plant
By The Canadian Press on April 18th, 2024
QUESNEL, B.C. – British Columbia’s Environment Ministry says a 2.5-million-litre effluent spill from a fibreboard factory in Quesnel doesn’t pose any immediate risk to public safety. It says in a statement that Monday’s spill from the WestPine Medium-Density Fibreboard plant into a gravel pit has been assessed and no waterways have been affected. Factory owner ... Read More »
Be the first to comment!Virtual-only meetings erode shareholder democracy, institutional investor group warns
By Ian Bickis, The Canadian Press on April 18th, 2024
A group of institutional investors is voicing concerns about the rise of virtual-only shareholder meetings that they say risk eroding shareholder democracy. In an open letter released Thursday, the coalition of 38 investors led by the B.C. General Employees’ Union called on S&P/TSX 60 companies to publicly disclose how they will ensure shareholders’ statutory and ... Read More »
Be the first to comment!S&P/TSX composite posts small gain, U.S. markets mixed amid ongoing rate-cut worries
By The Canadian Press on April 18th, 2024
TORONTO – Canada’s main stock index gained just over 50 points on Thursday, helped by strength in utilities and base metals, while U.S. markets were mixed. The prospect of interest rates in the U.S. remaining higher for longer continues to cast a shadow over equity markets, fostering cautious sentiment, said Ryan Crowther, portfolio manager at ... Read More »
Be the first to comment!Hydro-Québec, Kahnawake Mohawks to jointly own transmission line to New York City
By The Canadian Press on April 18th, 2024
QUEBEC – Hydro-Québec and the Mohawk Council of Kahnawake signed an agreement today to jointly own a transmission line that will export electricity to New York City. The Mohawk community southwest of Montreal will hold a minority stake of at least 10 per cent in the Hertel-New York interconnection line, allowing them to earn dividend ... Read More »
Be the first to comment!Google fires 28 workers in aftermath of protests over big tech deal with Israeli government
By Michael Liedtke, The Associated Press on April 18th, 2024
Google has fired 28 employees in the aftermath of protests over technology that the internet company is supplying the Israeli government amid the Gaza war, further escalating tensions surrounding a hot-button deal. The firings confirmed by Google late Wednesday came a day after nine employees were arrested during sit-in protests at offices in New York ... Read More »
Be the first to comment!Alberta government announces plan to protect consumers from power price swings
By The Canadian Press on April 18th, 2024
EDMONTON – The Alberta government is proposing measures, to take effect in January, that aim to protect power consumers from wild price swings. Premier Danielle Smith says the default power rate – currently called the Regulated Rate Option – is misleadingly named because it can vary monthly according to weather and global events. She says ... Read More »
Be the first to comment!Virtual-only meetings erode shareholder democracy, group warns
By The Canadian Press on April 18th, 2024
BURNABY, B.C. – An initiative led by the B.C. General Employees’ Union that includes pension funds, asset managers and socially responsible investors is raising concerns about the use of virtual-only shareholder meetings and an erosion of shareholder democracy. In an open letter, the group says that in theory virtual-only meetings could increase shareholder participation, but ... Read More »
Be the first to comment!Booming cold drink sales mean more plastic waste. So Starbucks redesigned its cups
By Dee-ann Durbin, The Associated Press on April 18th, 2024
Booming sales of cold drinks at Starbucks have created a problem: growing amounts of plastic waste from the single-use cups that Frappuccinos, Refreshers, cold brews and other iced drinks are served in. The coffee giant said Thursday it plans to alleviate some of that waste with new disposable cups that contain up to 20% less ... Read More »
Be the first to comment!TD’s Masrani hopes to tell shareholders more on anti-money laundering probe soon
By The Canadian Press on April 18th, 2024
TORONTO – TD Bank chief executive Bharat Masrani says he hopes to be able to say more in the near term on the investigation into the bank’s anti-money laundering measures. Masrani made the remarks as he faced shareholders Thursday at the bank’s annual general meeting, the first since its US$13.4-billion takeover of First Horizon bank ... Read More »
Be the first to comment!Drivers in Eastern Canada see gas prices spike as refineries switch to summer blends
By The Canadian Press on April 18th, 2024
Drivers in Eastern Canada are going through sticker shock at the pumps, as prices jumped roughly 10-cents per litre overnight in regions such as Ontario, according to GasBuddy. Patrick De Haan, head of petroleum analysis at GasBuddy, says gasoline price increases during the spring season are quite normal as refineries switch their supply from winter ... Read More »
Be the first to comment!Creators should disclose when they’ve used AI: social media mogul Randi Zuckerberg
By Tara Deschamps, The Canadian Press on April 18th, 2024
TORONTO – Randi Zuckerberg says she thinks creators should start disclosing when they’ve used artificial intelligence to produce work because it’s “becoming harder and harder to tell what’s real.” The tech leader behind Facebook Live, who left the social media giant in 2011 and has since founded a company that connects digital art makers with ... Read More »
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