Business
S&P/TSX composite posts loss Tuesday, U.S. stock markets mixed
By The Canadian Press on July 9th, 2024
TORONTO – Canada’s main stock index posted a loss on Tuesday as weakness in energy and industrial stocks led the market lower, while U.S. stock markets were mixed. The S&P/TSX composite index closed down 83.63 points at 22,042.50. In New York, the Dow Jones industrial average was down 52.82 points at 39,291.97. The S&P 500 ... Read More »
Be the first to comment!Stock market today: Wall Street wavers following congressional testimony from Powell
By Damian J. Troise And Alex Veiga, The Associated Press on July 9th, 2024
NEW YORK – Stocks closed mixed on Wall Street after testimony from Federal Reserve Chair Jerome Powell in front of Congress provided little new guidance on the Fed’s plans on when it might lower interest rates. The S&P 500 and the Nasdaq composite each rose 0.1% Tuesday, adding to their recent records. The Dow Jones ... Read More »
Be the first to comment!Average asking rents reached $2,185 in June as growth slows to seven per cent: report
By The Canadian Press on July 9th, 2024
A new report says the average asking rent for a home in Canada reached $2,185 in June, up seven per cent compared with a year ago despite representing the slowest annual rate of growth in 13 months. The report by Urbanation and Rentals.ca, which analyzes monthly listings from the latter’s network, says average asking rents ... Read More »
Be the first to comment!‘Not warranted’: Chiefs pass resolution reversing course on forensic audit of AFN
By The Canadian Press on July 9th, 2024
MONTREAL – The Assembly of First Nations has passed an emergency resolution that says a forensic audit of the advocacy body is “not warranted and should not be undertaken.” Former national chief RoseAnne Archibald called for a forensic audit of the organization in 2022 over allegations of financial impropriety, a call that chiefs supported at ... Read More »
Be the first to comment!CP NewsAlert: Chiefs pass resolution saying forensic audit of AFN ‘not warranted’
By The Canadian Press on July 9th, 2024
MONTREAL – The Assembly of First Nations has passed an emergency resolution that says a forensic audit of the advocacy body is “not warranted and should not be undertaken.” Former national chief RoseAnne Archibald called for a forensic audit of the organization in 2022 over allegations of financial impropriety, a call that chiefs supported at ... Read More »
Be the first to comment!Ontario reports 9 cases of listeriosis in outbreak linked to plant-based milk recall
By The Canadian Press on July 9th, 2024
Ontario’s top doctor says nine people in the province have become sick with listeriosis and five have been hospitalized in an outbreak that triggered a national recall of certain plant-based milks. While the cases reported so far are all in Ontario, the Canadian Food Inspection Agency is urging people across the country not to drink ... Read More »
Be the first to comment!Manitoba Hydro names new CEO after parting ways with previous president
By The Canadian Press on July 9th, 2024
WINNIPEG – Manitoba Hydro, the province’s Crown-owned energy corporation, has named a new president and chief executive officer. He is Allan Danroth, who has served as a vice-president with Alberta-Pacific Forest Industries and in a senior role at Capital Power, an energy producer based in Alberta. Danroth replaces Jay Grewal, who was let go four ... Read More »
Be the first to comment!Residents of Merritt, B.C., told to conserve water as city well has ‘major failure’
By The Canadian Press on July 9th, 2024
MERRITT, B.C. – There has been a “major failure” in a well in Merritt, B.C., prompting the city to ask its residents to stop all non-essential water use. The city says in a statement that the failure is in the Voght well and affects the city’s water distribution system. The statement says residents need to ... Read More »
Be the first to comment!Ticketmaster says data security incident may affect users’ personal information
By Tara Deschamps, The Canadian Press on July 9th, 2024
Ticketmaster has been warning some Canadian customers that their data may have been compromised during a recent security breach. An email sent by the ticket sales platform to customers this week reveals “an unauthorized third party” snagged information from a cloud database hosted by an unnamed third-party data services provider sometime between April 2 and ... Read More »
Be the first to comment!‘Too logical to ignore’: Maple Leaf to spin off pork business into new public company
By Rosa Saba, The Canadian Press on July 9th, 2024
MISSISSAUGA, Ont. – This little piggy is going to market. Maple Leaf Foods is spinning off its pork business into a new publicly traded company, the firm announced Tuesday. It’s something that’s been in the works for a little while, but the time is now right, said chief executive Curtis Frank in an interview. That’s ... Read More »
Be the first to comment!Entropy gives formal go-ahead to second carbon capture project
By The Canadian Press on July 9th, 2024
CALGARY – Entropy Inc. says it has made a final investment decision to go ahead with its second carbon capture and storage project. The Alberta-based company says the project will capture emissions from parent company Advantage Energy’s Glacier Gas Plant in northwest Alberta. The carbon capture facility should be operational by the second quarter of ... Read More »
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