Business
Lettuce prices spike amid shortage, some restaurants pull greens off menus
By The Canadian Press on November 14th, 2022
The cost of lettuce is spiking amid a shortage that’s also leading some restaurants to temporarily stop offering leafy greens on their menus. Wholesale produce distributors say demand is exceeding supply of iceberg and romaine lettuce, and pricing pressures are expected to continue throughout the month. Restaurants Canada COO Kelly Higginson says a major lettuce-growing ... Read More »
Be the first to comment!Fallout from FTX exchange collapse shows importance of regulation: experts
By The Canadian Press on November 14th, 2022
TORONTO – The rapid collapse of crypto-exchange giant FTX shows the importance for the sector to be regulated, something that Canada has helped lead the way on, experts say. Ryan Clements, chair in business law and regulation at the University of Calgary’s Faculty of Law, says Canada has several safeguards that would prevent some of ... Read More »
Be the first to comment!Presentation shows Telus made efforts to undermine Videotron’s purchase of Freedom
By The Canadian Press on November 14th, 2022
OTTAWA – An internal presentation to Telus Corp.’s board revealed that efforts were made to undermine Videotron Ltd.’s purchase of Shaw-owned wireless carrier Freedom Mobile. The presentation, which was made public during the hearing on Rogers Communication Inc.’s proposed $26-billion takeover of Shaw Communications Inc., referred to the “danger” of Videotron and Quebecor Inc. CEO ... Read More »
Be the first to comment!Hourly wages needed to live in Ontario rise as inflation persists
By The Canadian Press on November 14th, 2022
A new report says hourly wages needed to live in Ontario have increased amid decades-high inflation and remain well above the province’s minimum wage. In the report, the Ontario Living Wage Network says the living wage in Toronto is now $23.15 an hour, up almost five per cent from $22.08 a year earlier. The report ... Read More »
Be the first to comment!Slutty Vegan CEO talks new cookbook, plans to go global
By Haleluya Hadero, The Associated Press on November 14th, 2022
NEW YORK (AP) – In the past few years, Slutty Vegan, an Atlanta-based eatery, has attracted a cult-like following with its raunchy approach to veganism. Celebrities often pop in for a visit. And customers routinely wait through long lines to order from the chain’s cheekily-named menu, which includes the “One Night Stand” burger and the ... Read More »
1 responseTurquoise Hill reports US$40-million third quarter profit, raises gold guidance
By The Canadian Press on November 14th, 2022
TORONTO – Turquoise Hill Resources Ltd. says if Rio Tinto’s proposal to take the company private does not go ahead its immediate priority will be to address the company’s liquidity concerns. The company says it will implement all elements of its binding funding heads of agreement with Rio Tinto, which holds a majority stake in ... Read More »
Be the first to comment!S&P/TSX composite down more than 100 points, U.S. markets also trade lower
By The Canadian Press on November 14th, 2022
TORONTO – Canada’s main stock index was down more than 100 points in late-morning trading, weighed down by losses in the technology and utility sectors, while U.S. stock markets were also in the red. The S&P/TSX composite index down 123.60 points at 19,987.91. In New York, the Dow Jones industrial average was down 26.97 points ... Read More »
Be the first to comment!Tribunal judge emphasizes public interest in Rogers, Shaw, Competition Bureau hearing
By The Canadian Press on November 14th, 2022
OTTAWA – The judge presiding over the public hearing on Rogers Communications Inc. $26-billion proposed takeover of Shaw Communications Inc. says too much of the case is being held behind closed doors. As the second week of the hearing got underway, the head of the Competition Tribunal panel, Chief Justice Paul Crampton, says there has ... Read More »
Be the first to comment!Tech leads stocks lower in early trading on Wall Street
By Yuri Kageyama And Matt Ott, The Associated Press on November 14th, 2022
NEW YORK (AP) – Stocks are off to a weak start on Wall Street as markets cool down following their biggest weekly gain since the summer. Technology stocks, which helped lead the market higher last week, were lower in the early going Monday. The S&P 500 was off 0.4% in the first few minutes of ... Read More »
Be the first to comment!Slowdown will impact low-income earners most, Macklem says at diversity conference
By Nojoud Al Mallees, The Canadian Press on November 14th, 2022
OTTAWA – Bank of Canada governor Tiff Macklem says low-income Canadians are the hardest hit by high inflation and will be disproportionately affected by the impending economic slowdown. During a conference on diversity, equity and inclusion, Macklem notes that high inflation has harmful and uneven impacts. The governor said there is “no easy way” to ... Read More »
Be the first to comment!Shawcor reports $23-million Q3 profit, revenue up from year ago
By The Canadian Press on November 14th, 2022
TORONTO – Shawcor Ltd. reported a $23-million profit in its latest quarter compared with a loss a year ago as its revenue rose about 15 per cent. Shawcor chief executive Mike Reeves says strong execution resulted in robust sequential and year-over-year growth in revenue, gross profit, operating cash flow and backlog. The energy and infrastructure ... Read More »
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