Business
Union ramps up pressure in LCBO strike with no talks planned to get deal
By The Canadian Press on July 9th, 2024
MISSISSAUGA, Ont. – The union representing Ontario liquor store workers has ramped up pressure in a five-day-old strike, with no talks planned to hammer out a deal. Thousands of workers at the Liquor Control Board of Ontario walked off the job Friday. Ontario’s main liquor retailer has closed its stores for two weeks, but had ... Read More »
Be the first to comment!Design of websites and apps makes protecting privacy harder: Privacy Commissioner
By The Canadian Press on July 9th, 2024
GATINEAU, Que. – The Privacy Commissioner of Canada says a review of websites and mobile apps has found that deceptive design patterns that make it difficult for people to protect their privacy are not only prevalent, but often worse among those geared toward children. The conclusions are based on a sweep conducted earlier this year ... Read More »
Be the first to comment!NRA’s ex-CFO agreed to 10-year not-for-profit ban, still owes $2M for role in lavish spending scheme
By Michael R. Sisak, The Associated Press on July 9th, 2024
NEW YORK (AP) – The National Rifle Association’s former finance czar, Wilson “Woody” Phillips, has been banned for a decade from managing money for any nonprofit company in New York, the state’s attorney general said Tuesday. Phillips agreed to the ban in May, three months after a jury found him liable in a scheme to ... Read More »
Be the first to comment!Fed’s Powell highlights slowing job market in signal that rate cuts may be nearing
By Christopher Rugaber, The Associated Press on July 9th, 2024
WASHINGTON (AP) – The Federal Reserve faces a cooling job market as well as persistently high prices, Chair Jerome Powell said in written testimony Tuesday, a shift in emphasis away from the Fed’s single-minded fight against inflation of the past two years that suggests it is moving closer to cutting interest rates. The Fed has ... Read More »
Be the first to comment!Some summer jobs may seem menial, but can be great first steps on the career ladder
By Nina Dragicevic, The Canadian Press on July 9th, 2024
Summer jobs are more than just a detour on your way to a career – they’re an important first step on the job ladder, no matter the type of work. Sarah Mullins, founder and principal consultant at uptreeHR in Halifax, can draw a direct line between babysitting and her first job straight out of university, ... Read More »
Be the first to comment!Altus Group selling property tax business to Ryan LLC for $700 million
By The Canadian Press on July 9th, 2024
TORONTO – Altus Group Ltd. has signed a deal to sell its global property tax business to tax services and software company Ryan LLC for $700 million. Ryan has also committed to an Altus Market Insights subscription deal at the close of the transaction, with an initial three-year term of $5 million per year. Altus ... Read More »
Be the first to comment!Stock market today: Wall Street opens mixed ahead of congressional testimony from Powell
By Yuri Kageyama And Matt Ott, The Associated Press on July 9th, 2024
NEW YORK (AP) – Stocks are opening mixed on Wall Street ahead of Federal Reserve Chair Jerome Powell’s testimony before the Senate Banking Committee. The S&P 500 was up 0.2% in the first few minutes of trading Tuesday. The Nasdaq composite was up 0.4%, and the Dow Jones Industrial Average slipped 47 points, or 0.1%. ... Read More »
Be the first to comment!Bell acquires tech services companies Stratejm and CloudKettle
By The Canadian Press on July 9th, 2024
MONTREAL – Bell says it has acquired a pair of technical services companies as part of its plan to strengthen its cloud services business. Financial terms of the agreements were not immediately available. Under the first deal, Bell has bought Stratejm, a cybersecurity company based in Mississauga, Ont., that serves Canadian and international customers. The ... Read More »
Be the first to comment!Online learning tech company D2L buy software firm H5P Group
By The Canadian Press on July 9th, 2024
TORONTO – Online learning technology company D2L Inc. says it has acquired software firm H5P Group AS in a deal worth up to US$33 million. H5P Group was founded in 2014 and is the creator of the H5P software platform which is used to create interactive content. The company has about 30 employees, primarily based ... Read More »
Be the first to comment!Maple Leaf Foods to spin off pork business into new public company
By The Canadian Press on July 9th, 2024
MISSISSAUGA, Ont. – Maple Leaf Foods Inc. says it plans to spin off its pork business into a new publicly traded company. Under the plan, existing Maple Leaf shareholders will receive shares in the new company, while Maple Leaf will keep a 19.9 per cent ownership position. The two companies will also enter into an ... Read More »
Be the first to comment!Canadians less optimistic about finances amid worries about inflation, income: survey
By Sammy Hudes, The Canadian Press on July 9th, 2024
TORONTO – A new survey says Canadians are feeling less optimistic about their finances, with respondents worried about inflation, income levels and a potential recession at the midpoint of the year. TransUnion’s Canada consumer pulse study for the second quarter of 2024 found 57 per cent of Canadian households said their incomes are not keeping ... Read More »
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