January 24th, 2021

Business

Couche-Tard open to second chance to woo French food giant Carrefour, says CEO

By The Canadian Press on January 18th, 2021

MONTREAL – Alimentation Couche-Tard abandoned its bid for Carrefour but is still open to a second chance to woo the food giant if the French government retracts its opposition. For the time being, however, Couche-Tard CEO Brian Hannasch says talks remain on ice with the two retailers instead examining the possibility of co-operating in areas ... Read More »

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Unifor approves $1 billion General Motors deal to build electric vans in Ontario

By The Canadian Press on January 18th, 2021

INGERSOLL, Ont. – Unifor members have voted to approve General Motors Canada’s plan to invest $1 billion in an electric vehicle plant in southern Ontario. The national union’s 1,900 Local 88 members voted online Sunday on a tentative deal with the automaker to transform GM’s CAMI plant in Ingersoll, Ont., into a hub for producing ... Read More »

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Technogy sector helps lead S&P/TSX composite higher, loonie steps lower

By The Canadian Press on January 18th, 2021

TORONTO – Gains in the technology sector helped lead Canada’s main stock index higher in late-morning trading, while the loonie moved lower against the U.S. dollar. The S&P/TSX composite index was up 35.77 points at 17,944.80. U.S. stock markets are closed for Martin Luther King Jr. Day. The Canadian dollar traded for 78.36 cents US ... Read More »

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Ottawa clears Boeing 737 MAX to fly as of Jan. 20, ending lengthy review process

By Jon Victor, The Canadian Press on January 18th, 2021

MONTREAL – The Boeing 737 MAX can return to Canadian airspace beginning Wednesday, Transport Canada says, concluding nearly two years of government review after the aircraft was involved in two deadly crashes that saw the planes grounded worldwide. The planes will be permitted to fly as long as they meet conditions specified by Transport Canada ... Read More »

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Canadian Press NewsAlert: Ottawa OKs return of Boeing Max aircraft to Canadian skies

By The Canadian Press on January 18th, 2021

OTTAWA – Transport Canada has announced that it will allow the return of Boeing Max aircraft to service in Canadian airspace on Wednesday. More coming... Read More »

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Urbanation report says apartment vacancy in Toronto hit record high in Q4

By The Canadian Press on January 18th, 2021

OTTAWA – A new report says Toronto’s rental apartment vacancy rate hit a record high in the fourth quarter of last year. Urbanation says its survey of newer purpose-built rental apartment projects that have been completed in Toronto since 2005 reported a vacancy rate of 5.7 per cent in the fourth quarter of last year, ... Read More »

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A timeline of the controversial Keystone XL pipeline project:

By The Canadian Press on January 18th, 2021

July 2008: TC Energy Corp. – then called TransCanada Corp. – and ConocoPhillips, joint owners of the Keystone Pipeline, propose a major extension to the network. The expansion, dubbed Keystone XL, would carry hundreds of thousands of barrels of oilsands bitumen from Alberta to Texas. 2009: As the U.S. State Department wades through comments based ... Read More »

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S&P/TSX composite up in early trading to start the week, loonie trades lower

By The Canadian Press on January 18th, 2021

TORONTO – A broad-based rally helped Canada’s main stock index climb higher in early trading to start the week as the loonie moved lower. The S&P/TSX composite index was up 29.21 points at 17,938.24. U.S. stock markets are closed for Martin Luther King Jr. Day. The Canadian dollar traded for 78.29 cents US compared with ... Read More »

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Carmaker Stellantis shares jump in Milan, Paris on first day

By Colleen Barry, The Associated Press on January 18th, 2021

MILAN – Stellantis, the car company combining PSA Peugeot and Fiat Chrysler, was launched Monday on the Milan and Paris stock exchanges, giving life to the fourth-largest auto company in the world. Stellantis shares rallied 7.6% in Milan to 13.53 euros ($16.32). CEO Carlos Tavares said during a virtual bell-ringing ceremony that the merger creates ... Read More »

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CMHC reports annual pace of housing starts down in December

By The Canadian Press on January 18th, 2021

OTTAWA – Canada Mortgage and Housing Corp. says the annual pace of housing starts in December fell compared with November. CMHC says the monthly seasonally adjusted annual rate of housing starts for all areas in Canada, excluding Kelowna, B.C., fell 12.2 per cent in December from November. The December survey was not conducted in Kelowna ... Read More »

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