Business
Eels writhe on Vancouver airport’s tarmac after escaping from Air Canada cargo box
By The Canadian Press on July 10th, 2024
RICHMOND – It was not quite the 2006 film “Snakes on a Plane” at Vancouver International Airport, but there were real eels – dozens of them – writhing on the tarmac during a recent incident captured on video. Air Canada Cargo says in a statement that it was handling a shipment of eels from Toronto ... Read More »
Be the first to comment!Founder of collapsed hedge fund Archegos Capital is convicted of securities fraud scheme
By The Associated Press on July 10th, 2024
NEW YORK (AP) – The founder of Archegos Capital Management, a hedge fund that collapsed in 2021, was convicted Wednesday of securities fraud in a scheme that prosecutors said cost global investment banks billions of dollars. Bill Hwang looked straight ahead as the verdict was read, taking several sips of water as the jury found ... Read More »
Be the first to comment!Newfoundland fishers protest interrupts environment ministers’ press conference
By Sarah Smellie, The Canadian Press on July 10th, 2024
ST. JOHN’S, N.L. – About a dozen fishers interrupted a news conference with the country’s environment ministers in St. John’s on Wednesday to demand the federal government reinstate a 32-year moratorium on commercial cod fishing in the province. Protesters rang a siren on a bullhorn and carried signs saying “Save our cod” and “Stop offshore ... Read More »
Be the first to comment!Archegos Capital founder convicted of securities fraud
By The Associated Press on July 10th, 2024
NEW YORK (AP) – The founder of Archegos Capital Management, a hedge fund that collapsed in 2021, was convicted Wednesday of securities fraud in a scheme that prosecutors said cost global investment banks billions of dollars. Bill Hwang looked straight ahead as the verdict was read, taking several sips of water as the jury convicted ... Read More »
Be the first to comment!Ontario town votes to become a willing host for a nuclear waste repository
By The Canadian Press on July 10th, 2024
IGNACE, ONTARIO – A northwestern Ontario town has formally decided it is willing to become the site of a deep geological repository for Canada’s nuclear waste. The Nuclear Waste Management Organization plans to select a site this year where millions of bundles of used nuclear fuel will be placed in a network of underground rooms ... Read More »
Be the first to comment!S&P/TSX composite closes up more than 300 points, U.S. stock markets also higher
By The Canadian Press on July 10th, 2024
TORONTO – Canada’s main stock index gained 1.4 per cent Wednesday in a broad-based rally led by energy, industrial and utilities stocks, while U.S. stock markets posted new records yet again. The S&P/TSX composite index closed up 307.73 points at 22,350.23. In New York, the Dow Jones industrial average was up 429.39 points at 39,721.36. ... Read More »
Be the first to comment!Stock market today: S&P 500 tops 5,600 as Wall Street’s record-breaking rally keeps rolling
By Stan Choe, The Associated Press on July 10th, 2024
NEW YORK (AP) – U.S. stocks rose again, continuing Wall Street’s record-setting run. The S&P 500 climbed 1% Wednesday, setting an all-time high for the 37th time this year and marking its first close above 5,600 points. The Dow Jones Industrial Average gained 1.1%, and the Nasdaq composite added 1.2% to its own record. Big ... Read More »
Be the first to comment!Fisher protest interrupts environment ministers’ press conference
By The Canadian Press on July 10th, 2024
ST. JOHN’S, N.L. – The union representing inshore fishers and fish plant workers Newfoundland and Labrador interrupted a press conference of the country’s environment ministers in St. John’s today. They are demanding the federal government reinstate a 32-year moratorium on commercial cod fishing in the province. Ottawa announced last month that it would re-establish a ... Read More »
Be the first to comment!Taiga granted creditor protection as electric snowmobile outfit pursues sale
By The Canadian Press on July 10th, 2024
MONTREAL – Taiga Motors Corp. says it has obtained an interim court order for creditor protection as well as one authorizing the company to launch a formal sale and investment solicitation process. The Montreal-based electric snowmobile maker also says it has secured a line of credit from Export Development Canada – already a creditor – ... Read More »
Be the first to comment!60 years of road salt has destroyed Ottawa’s Alexandra Bridge: officials
By The Canadian Press on July 10th, 2024
OTTAWA – Federal officials say six decades of road salt has spelled the end for a 123-year old interprovincial bridge in Ottawa. The Alexandra Bridge has to be taken down because of rust, officials from the Procurement Department say. The procurement process for a new bridge will start in the fall, when the public will ... Read More »
Be the first to comment!Bombardier workers at aircraft assembly centre ratify contract, end strike
By The Canadian Press on July 10th, 2024
MISSISSAUGA, Ont. – Workers represented by Unifor at Bombardier’s aircraft assembly centre in the Greater Toronto Area have ratified a new three-year contract, ending an 18-day strike. The union says the agreement includes general wage increases of 12.5 per cent over the life of the agreement, increased pension contributions and better job security. The workers ... Read More »
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