Business
Inequality worsening as wealth gap widens to highest since 2015: TD Bank report
By The Canadian Press on April 22nd, 2024
TORONTO – The gap between the highest earners and lowest income groups last year was at its widest since 2015 as the wealthiest households saw income grow much faster than lower-income Canadians. Higher interest rates are pushing middle- and lower-income households to spend more conservatively, which means consumer spending by the top earners will play ... Read More »
Be the first to comment!First Nations on cusp of more self-sustaining project financing
By The Canadian Press on April 22nd, 2024
TORONTO – The chair of the First Nations Major Projects Coalition says Indigenous people are set to become true partners in big projects that will help lead to a future of self-sustaining financial independence. Speaking at the coalition’s annual conference Monday, chair Sharleen Gale, chief of the Fort Nelson First Nation, says to get there ... Read More »
Be the first to comment!Energy Fuels shares down 10% after announcing deal for Base Resources
By The Canadian Press on April 22nd, 2024
TORONTO – Shares of Energy Fuels Inc. were down 10 per cent in late-morning trading after the company announced a deal to buy Base Resources Ltd. The Toronto-listed company says the stock-and-cash deal for the Australian company was valued at about $375 million (Australian). Base Resources’ main asset is the Toliara heavy mineral sands project ... Read More »
Be the first to comment!Union files application to represent workers at Amazon facility in Laval, Que.
By The Canadian Press on April 22nd, 2024
LAVAL, Que. – A Quebec-based union says it has filed an application to represent hundreds of Amazon.com Inc. workers at a warehouse in the province. The Confédération des syndicats nationaux says the application it made with the Administrative Labour Tribunal is to represent 200 employees at Amazon’s DXT4 warehouse in Laval. The union, which represents ... Read More »
Be the first to comment!S&P/TSX composite down in late-morning trading amid losses in base metal stocks
By The Canadian Press on April 22nd, 2024
TORONTO – Canada’s main stock index was in the red in late-morning trading, weighed down by losses in base metal stocks, while U.S. stock markets traded higher. The S&P/TSX composite index was down 51.19 points at 21,756.18. In New York, the Dow Jones industrial average was up 24.95 points at 38,011.35. The S&P 500 index ... Read More »
Be the first to comment!Canada to force plastic makers to report how much they make, reuse and recycle
By The Canadian Press on April 22nd, 2024
OTTAWA – Canada is seeking to get a better handle on how much plastic is being produced in the country by forcing companies that make it to report annually on what they produce. Environment Minister Steven Guilbeault is announcing the national plastics registry the day before negotiations for a global treaty to end plastic waste ... Read More »
Be the first to comment!Honda to build electric vehicles and battery plant in Ontario, sources say
By Allison Jones, The Canadian Press on April 22nd, 2024
TORONTO – Honda Canada is set to build an electric vehicle battery plant near its auto manufacturing facility in Alliston, Ont., where it also plans to produce fully electric vehicles. The Canadian Press has learned that the federal and Ontario governments will make the announcement this week. Senior sources with information on the project confirmed ... Read More »
Be the first to comment!CP NewsAlert: Honda to build electric vehicles and battery plant in Ontario: sources
By The Canadian Press on April 22nd, 2024
TORONTO – Honda Canada is set to build an electric vehicle battery plant near its auto manufacturing facility in Alliston, Ont., where it also plans to produce fully electric vehicles. The Canadian Press has learned that the federal and Ontario governments will make the announcement this week. Senior sources with information on the project confirmed ... Read More »
Be the first to comment!AIMCo’s balanced fund earned 8.0% in 2023, falls short of benchmark
By The Canadian Press on April 22nd, 2024
EDMONTON – Alberta Investment Management Corp. says its balanced fund earned a net return of 8.0 per cent for 2023, short of its benchmark return of 9.3 per cent. The investment manager says its public equity investments earned 15.8 per cent, while its fixed income holdings earned 7.7 per cent. The firm’s private equity portfolio ... Read More »
Be the first to comment!Stock market today: Wall Street opens higher following a 3-week losing streak
By Elaine Kurtenbach And Matt Ott, The Associated Press on April 22nd, 2024
NEW YORK (AP) – Wall Street is opening higher following a three-week losing streak. The S&P 500 was up 0.5% early Monday, coming off its longest weekly losing streak since September. The Dow Jones Industrial Average was up 165 points, and the Nasdaq composite was up 0.7%. Verizon Communications was supporting the market after reporting ... Read More »
Be the first to comment!Descartes Systems buys Aerospace Software Developments
By The Canadian Press on April 22nd, 2024
TORONTO – Descartes Systems Group said it has acquired Aerospace Software Developments in a deal worth about $83 million. Under the transaction, Descartes will pay a total of about 57 million euros for the Dublin-based company. ASD provides customs declaration software for logistics services providers and shippers. The company also sells systems that help airlines ... Read More »
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