Business
CRTC posts independent report on Rogers outage, says company made necessary changes
By The Canadian Press on July 5th, 2024
An independent report into the 2022 Rogers outage says the company lacked several protections and redundancies that could have either prevented the outage or ended it sooner. The report delivered to the Canadian Radio-Television and Telecommunications Commission says that since the outage, the telecom company has implemented the changes needed to address the cause of ... Read More »
Be the first to comment!‘It’s been hell’: Customers frustrated over treatment by WestJet during strike
By Christopher Reynolds, The Canadian Press on July 5th, 2024
Travellers expressed frustration this week over WestJet’s response after the airline cancelled more than 1,200 flights due to a strike by plane mechanics, leading advocates to accuse it of breaching consumer protection rules. Messages and social media posts from some of the 150,000-plus affected passengers conveyed exasperation over hours spent on hold with customer service, ... Read More »
Be the first to comment!Foreign streaming services challenge requirement to pay into fund for Canadian news
By The Canadian Press on July 5th, 2024
Global streaming services such as Netflix and Disney Plus are challenging a regulatory directive under the Online Streaming Act to contribute money to Canada’s broadcast sector, including for local news. Motion Picture Association-Canada, which also represents platforms HAYU, Sony’s Crunchyroll, Paramount Plus and Pluto TV, has filed two legal challenges in Federal Court in response ... Read More »
Be the first to comment!Texas officials urge coastal residents to prepare as Beryl moves toward the Gulf of Mexico
By MartÃn Silva And John Myers Jr., The Associated Press on July 5th, 2024
TULUM, Mexico (AP) – Texas officials are urging coastal residents to prepare as Beryl moves toward the Gulf of Mexico after leaving a trail of destruction that has killed at least 11 people. Some Texas counties have already issued voluntary evacuation orders in low-lying areas. Along the Texas coast in Corpus Christi, city officials announced ... Read More »
Be the first to comment!Vancouver Island to see $3B in BC Hydro upgrades, expansion over the next decade
By The Canadian Press on July 5th, 2024
VICTORIA – British Columbia’s power provider is planning to spend more than $3 billion on capital projects to upgrade and expand the electricity grid on Vancouver Island. Energy Minister Josie Osborne says the BC Hydro projects will create thousands of jobs over the next decade and ensure the region has enough clean, affordable and reliable ... Read More »
Be the first to comment!New UK prime minister Keir Starmer vows to heal wounds of distrust after Labour landslide
By Brian Melley And Jill Lawless, The Associated Press on July 5th, 2024
LONDON (AP) – Britain’s new prime minister, Keir Starmer, vowed Friday to reverse the hopelessness that grew over 14 years of Conservative rule and said he would lead an urgent mission of national renewal after his Labour Party’s landslide victory. It will be a tall order. Rising poverty, crumbling infrastructure, a lagging economy and an ... Read More »
Be the first to comment!Rail cars carrying hazardous material derail and catch fire in North Dakota
By Jim Salter, The Associated Press on July 5th, 2024
Rail cars carrying hazardous material derailed and burst into flames Friday in a remote area of North Dakota, but officials said no one was hurt and the threat to those living nearby appeared to be minimal. Twenty-nine cars of a CPKC train derailed around 3:45 a.m. in an area surrounded by farmland that’s about 140 ... Read More »
Be the first to comment!HBC should apply learnings from new Saks Global company to the Bay: experts
By The Canadian Press on July 5th, 2024
TORONTO – Retail consultants say Hudson’s Bay Co. should apply lessons it learns from a newly-announced deal uniting several department store giants to its Bay business. The deal announced Thursday will see Hudson’s Bay Co. buy Neiman Marcus and Bergdorf Goodman before combining them into a new business with Saks Fifth Avenue and Saks Off ... Read More »
Be the first to comment!Federal Reserve highlights its political independence as presidential campaign heats up
By Christopher Rugaber, The Associated Press on July 5th, 2024
WASHINGTON (AP) – The Federal Reserve is highlighting the importance of its political independence at a time when Donald Trump, who frequently attacked the Fed’s policymaking in the past, edges closer to formally becoming the Republican nominee for president again. On Friday, the Fed released its twice-yearly report on its interest-rate policies, a typically dry ... Read More »
Be the first to comment!Ontario judge authorizes sales process for The Body Shop Canada
By The Canadian Press on July 5th, 2024
TORONTO – An Ontario judge has authorized a sale process which could see The Body Shop Canada land new owners. Justice Peter Osborne granted an application today from the beleaguered retailer, which wants to be able to engage with potential buyers who could keep the business afloat. The cosmetics retailer sought creditor protection earlier this ... Read More »
Be the first to comment!S&P/TSX composite down in Friday morning trading, U.S. markets mixed
By The Canadian Press on July 5th, 2024
TORONTO – Losses in the energy sector led Canada’s main stock index lower in late-morning trading, while U.S. stock markets were mixed. The S&P/TSX composite index was down 61.40 points at 22,182.62 In New York, where markets were closed on Thursday for the July 4 holiday, the Dow Jones industrial average was down 13.99 points ... Read More »
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