Business
Cappola brand Genoa Salami contains milk and wheat not listed on label
By The Canadian Press on November 4th, 2022
The Canadian Food Inspection Agency has issued a recall for Cappola brand Genoa salami because it contains milk and wheat not listed on label The affected product was sold in 175 gram packages with best before dates of Jan. 03, 04 and 09, 2023. The salami was sold across Canada. There have been no reports ... Read More »
1 responseDA to review cases involving LA cop accused of CBS tip off
By Brian Melley And Stefanie Dazio, The Associated Press on November 4th, 2022
LOS ANGELES (AP) – Los Angeles County prosecutors will look into past cases involving a former police captain who allegedly tipped off CBS executive Les Moonves that a woman had filed a confidential police report accusing him of sexual assault, the district attorney’s office said Friday. “Our office is dismayed” by the allegations against Cory ... Read More »
1 responseSleep Country sees Q3 sales, earnings fall as consumers tighten their purse strings
By The Canadian Press on November 4th, 2022
TORONTO – Sleep Country Canada Holdings Inc. says its net income for the third quarter went down by almost 21 per cent to $28.9 million, from $36.5 million during the same quarter a year earlier. The Toronto-based company attributed the drop to a decline in consumer spending as the quarter progressed, fueled by rising interest ... Read More »
1 responseNorth American markets up on strong jobs numbers in Canada, U.S.
By Rosa Saba, The Canadian Press on November 4th, 2022
TORONTO – Canada’s main stock index was up more than 200 points Friday amid stronger-than-expected jobs data, with strong gains in the financial sector and base metals, while U.S. stock markets also posted gains. The S&P/TSX composite index was up 208.59 points at 19,449.81. In New York, the Dow Jones industrial average was up 401.97 ... Read More »
1 responseStocks end higher on Wall Street after more shaky trading
By Stan Choe And Damian J. Troise, The Associated Press on November 4th, 2022
NEW YORK (AP) – Stocks closed higher on Wall Street after another day of uncertain trading as markets weighed the latest reading on the jobs market and what it means for interest rates and the odds of a recession. The S&P 500 rose 1.4% Friday after giving up a bigger gain earlier in the day. ... Read More »
1 responseQuebec tech leaders call for changes to taxation of data centres, other assets
By Tara Deschamps, The Canadian Press on November 4th, 2022
Tech companies are warning businesses could flee Quebec after a pair of court cases paved the way for property tax bills to jump by more than 250 per cent at data centres, medical clinics and even supermarkets. A recent ruling from the Quebec Court of Appeal found that current laws allow for tax on “movable ... Read More »
1 responseCanadian labour market still strong, though economists warn slowdown still on the way
By Nojoud Al Mallees, The Canadian Press on November 4th, 2022
OTTAWA – A surprise jump in employment last month is casting doubt on whether the labour market has eased, but economists still expect to see the economy slow more noticeably in the coming months. According to Statistics Canada, the Canadian economy added 108,000 jobs in October. Its latest labour force survey shows the unemployment rate ... Read More »
Be the first to comment!Widespread Twitter layoffs begin a week after Musk takeover
By Associated Press, The Associated Press on November 4th, 2022
NEW YORK (AP) – Twitter began widespread layoffs Friday as new owner Elon Musk overhauls the social platform. The company had told employees by email that they would find out by 9 a.m. PDT (noon EDT) if they had been laid off. The email did not say how many of the roughly 7,500 employees would ... Read More »
Be the first to comment!Ex-LAPD captain’s loyalties scrutinized in tip to CBS exec
By Brian Melley And Stefanie Dazio, The Associated Press on November 4th, 2022
LOS ANGELES (AP) – As the former captain in charge of the Hollywood Division of the Los Angeles Police Department, Cory Palka was a star himself. The towering cop with a telegenic smile hobnobbed with celebrities getting stars on the Walk of Fame, ran security for the Oscars awards show and even landed a bit ... Read More »
Be the first to comment!Auto parts producers see supply chains improving but shutdowns still weigh
By Ian Bickis, The Canadian Press on November 4th, 2022
Canadian auto parts makers say the supply picture is improving and helping boost their bottom line, but disruptions continue to weigh on operations and profits. Magna International Inc. said Friday the picture has improved significantly from last year as global third-quarter auto production rose 24 per cent. The rebound helped the company’s sales rise 17 ... Read More »
Be the first to comment!Discount retailers, grocers driving occupancy rates up: RioCan CEO
By The Canadian Press on November 4th, 2022
TORONTO – RioCan Real Estate Investment Trust says supermarkets, pharmacies and discount retailers are driving growth in its occupancy rates. Jonathan Gitlin says retailers including Dollarama Inc. and TJX Companies Inc., which owns Winners, HomeSense and Marshalls, are taking up even more space in the Toronto-based realty company’s portfolio. The chief executive says other businesses ... Read More »
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