Business
ATCO Electric fined $3 million for unearned rate increases, overstating its costs
By Bob Weber, The Canadian Press on July 9th, 2024
A prominent Alberta company has agreed to pay $3 million in fines for misleading the province’s utilities watchdog about its costs in two separate projects. ATCO Electric has also agreed to refund $4 million in recompense for unearned rate increases, a deal that now goes before the Alberta Utilities Commission for approval. “ATCO Electric admits ... Read More »
Be the first to comment!CFIA recalls brands of almond, cashew, coconut and oat milk due to Listeria concerns
By The Canadian Press on July 8th, 2024
OTTAWA – The Canadian Food Inspection Agency says numerous Silk and Great Value brand plant-based refrigerated beverages are being recalled due to Listeria concerns. The agency’s recall applies to Silk brand almond milk, coconut milk, almond-coconut milk and oat milk, as well as Great Value brand almond milk. It says the recall was triggered by ... Read More »
Be the first to comment!DRI Healthcare Trust CEO ousted after investigation, units plunge nearly 30 per cent
By The Canadian Press on July 8th, 2024
TORONTO – Units of DRI Healthcare Trust sank nearly 30 per cent after the trust removed its chief executive and suspended its chief financial officer as a result of an investigation of irregularities related to certain alleged consulting and other expenses. DRI says the board of trustees demanded and received the immediate resignation of Behzad ... Read More »
Be the first to comment!S&P/TSX composite rises Monday, U.S. stock markets mixed
By The Canadian Press on July 8th, 2024
TORONTO – Canada’s main stock index posted a gain Monday, helped by strength in financial stocks,while U.S. stock markets were mixed. The S&P/TSX composite index closed up 67.10 points at 22,126.13. In New York, the Dow Jones industrial average was down 31.08 points at 39,344.79. The S&P 500 index was up 5.66 points at 5,572.85,while ... Read More »
Be the first to comment!Stock market today: Wall Street ends mixed, nudging the S&P 500 and Nasdaq to more records
By Damian J. Troise And Alex Veiga, The Associated Press on July 8th, 2024
NEW YORK – Stocks wavered to a mixed close on Wall Street, nudging the S&P 500 and the Nasdaq composite to more records. The S&P 500 inched up 0.1% Monday, and the Nasdaq rose 0.3%. The Dow Jones Industrial Average gave up an early gain and fell 0.1%. Traders are looking ahead to several earnings ... Read More »
Be the first to comment!More than 44,000 Hatch baby sound machine power adapters recalled in Canada
By The Canadian Press on July 8th, 2024
Health Canada says thousands of power adapters sold with baby sound machines are being recalled due to an electrical hazard. The recall applies to the AC adapter with model number CYAP05 050100U, which is included with some Hatch Baby Rest 1st Generation sound machines. It was issued jointly by Health Canada, the United States Consumer ... Read More »
Be the first to comment!DRI Healthcare Trust CEO ousted after investigation, units plunge
By The Canadian Press on July 8th, 2024
TORONTO – Units of DRI Healthcare Trust sank nearly 30 per cent after the trust removed its chief executive and suspended its chief financial officer as a result of an investigation of irregularities related to certain alleged consulting and other expenses. DRI says the board of trustees demanded and received the immediate resignation of Behzad ... Read More »
Be the first to comment!S&P/TSX composite down as base metal stocks fall, U.S. stock markets higher
By The Canadian Press on July 8th, 2024
TORONTO – Canada’s main stock index was in the red in late-morning trading, weighed down by losses in base metal stocks, while U.S. stock markets moved higher. The S&P/TSX composite index was down 19.26 points at 22,039.77. In New York, the Dow Jones industrial average was up 56.61 points at 39,432.48. The S&P 500 index ... Read More »
Be the first to comment!More than 3 million pass through US airport security in a day for the first time as travel surges
By Associated Press, The Associated Press on July 8th, 2024
More than 3 million people passed through U.S. airport security on Sunday, the first time that number of passengers have been screened in a single day, according to the U.S. Transportation Security Administration. The record topped the June 23 mark of more than 2.99 million screened passengers. Eight of the 10 busiest days in TSA’s ... Read More »
Be the first to comment!Drivers arrested after bus crash leaves tens of thousands without power near Montreal
By The Canadian Press on July 8th, 2024
LONGUEUIL, Que. – The two drivers involved in a bus crash that caused a major power outage on Montreal’s South Shore on Saturday have been arrested. Police in Longueuil, Que., confirmed late Sunday that they had arrested the two drivers. Some 88,000 Hydro-Québec clients lost power after a bus, which was carrying volunteer firefighters from ... Read More »
Be the first to comment!Stock market today: Wall Street edges higher ahead of bank earnings and Powell testimony this week
By Zimo Zhong And Matt Ott, The Associated Press on July 8th, 2024
NEW YORK (AP) – Stocks are a bit higher in early trading on Wall Street, adding to the record highs they set last week. The S&P 500 was up 0.2% in the first few minutes of trading Monday. The Nasdaq edged up 0.1% and the Dow Jones Industrial Average was up 233 points, or 0.6%. ... Read More »
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