Business
Umicore suspends construction of $2.76B battery materials plant in Ontario
By The Canadian Press on July 26th, 2024
Umicore says it has halted spending on a $2.76-billion battery materials plant in eastern Ontario. The global materials company says it made the decision because of scaled-back expectations for growth in the electric vehicle market. Last October, the federal government committed to put $551.3 million toward the project and the Ontario government said it would ... Read More »
Be the first to comment!Bell Canada president admits ‘congestion’ issues slowed down Yukon cell network
By The Canadian Press on July 26th, 2024
Bell Canada president Mirko Bibic says the company takes complaints from Yukon residents about poor cellphone service in the territory “extremely seriously.” Bibic responded to a letter sent by Yukon Premier Ranj Pillai this week to the company, expressing frustrations about poor cellphone service in the territory where the company is the dominant player. He ... Read More »
Be the first to comment!Environmental activists target Montreal airport for third consecutive day
By Joe Bongiorno, The Canadian Press on July 26th, 2024
MONTREAL – Environmental activists have caused disruptions outside Montreal Trudeau International Airport for three consecutive days protesting Canadian fossil fuel policy. On Friday around 12:30 p.m., three people with activist group Last Generation Canada glued their hands to a road that connects the airport’s departure and arrival ramps, temporarily blocking vehicle access to the terminal. ... Read More »
Be the first to comment!S&P/TSX composite index closes up along with U.S. markets Friday
By The Canadian Press on July 26th, 2024
TORONTO – Widespread gains helped push Canada’s main stock index higher Friday, while U.S. stock markets also rose after an encouraging U.S. inflation report. The S&P/TSX composite index closed up 206.78 points at 22,814.81, led by metals, health care, and technology stocks. In New York, the Dow Jones industrial average was up 654.27 points at ... Read More »
Be the first to comment!Stock market today: Most of Wall Street leaps in a widespread rally, from big stocks to small
By Stan Choe, The Associated Press on July 26th, 2024
NEW YORK (AP) – Wall Street rallied following encouraging reports on inflation and on profits at 3M and other big U.S. companies. The S&P 500 rose 1.1% for its best day in seven weeks. The Dow Jones Industrial Average jumped 1.6%, and the Nasdaq composite climbed 1%. The market’s widespread gains included rallies for both ... Read More »
Be the first to comment!B.C. port employers say foremen’s union plans industry-wide strike vote
By The Canadian Press on July 26th, 2024
VANCOUVER – The BC Maritime Employers Association says it has been told by a lawyer for the foremen’s union that an industry-wide strike vote will take place in coming weeks. The employers’ group says the lawyer for ILWU Local 514 informed them of the vote this week after a case management meeting with the Canada ... Read More »
Be the first to comment!Jasper fires could cost insurance industry $700 million: DBRS estimate
By The Canadian Press on July 26th, 2024
A new report from DBRS Morningstar estimates the potential insured losses of the Jasper wildfires at up to $700 million. The credit ratings agency says it believes potential insured losses from this week’s disaster could come close to or even be higher than those incurred in the Slave Lake, Alta. wildfire in 2011, which – ... Read More »
Be the first to comment!Yukon government stepping in to build ‘safety berm’ after company misses deadlines
By The Canadian Press on July 26th, 2024
WHITEHORSE – The Yukon government says it is stepping in to build a safety berm at the site of the Eagle Gold mine disaster after the mine’s owner failed to meet a deadline imposed by a mine inspector last week. Yukon government officials say the berm is essential to allow for the installation of groundwater ... Read More »
Be the first to comment!MEG Energy announces dividend as it reaps Trans Mountain expansion benefits
By The Canadian Press on July 26th, 2024
CALGARY – MEG Energy announced a quarterly dividend of 10 cents per share as it reported earnings of $136 million, saying a successful start-up of the Trans Mountain pipeline expansion has helped generate better prices for its oil. The Calgary-basedoilsands company says its earnings for the second quarter of 2024 were $136 million, unchanged from ... Read More »
Be the first to comment!How to protect yourself from bad air quality due to wildfire smoke
By Nicole Ireland, The Canadian Press on July 26th, 2024
As wildfires burn in parts of Canada and the wind carries smoke into communities near and far, health experts are advising people to regularly check air quality ratings and take precautions. Wildfire smoke contains “particulate matter” – or small particles – that can be harmful when we breathe it in, Dawn Bowdish, a scientific adviser ... Read More »
Be the first to comment!Environmental activists target Montreal airport for third straight day
By The Canadian Press on July 26th, 2024
MONTREAL – Environmental activists have caused disruptions outside Montreal’s Trudeau International Airport for a third consecutive day in protest of Canadian fossil fuel policy. Activist group Last Generation Canada says three of its members glued their hands to the road today, blocking access to the arrivals area. Shortly before 2 p.m., the group issued a ... Read More »
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