Business
‘Impacts cannot be understated’: Ottawa intervenes to get railways moving again
By Christopher Reynolds, The Canadian Press on August 22nd, 2024
MONTREAL – Ottawa is stepping in to get freight trains moving again hours after an unprecedented lockout by the country’s two largest railways brought cross-country freight traffic to a standstill. Labour Minister Steven MacKinnon said Thursday he will use his Labour Code powers to ask the Canada Industrial Relations Board to impose final, binding arbitration ... Read More »
Be the first to comment!Liberals move to force binding arbitration, return to work in railway labour dispute
By Nojoud Al Mallees and Anja Karadeglija, The Canadian Press on August 22nd, 2024
OTTAWA – Labour Minister Steven MacKinnon says the federal government will ask the Canada Industrial Relations Board to end the lockout at the country’s two biggest rail companies. MacKinnon says he’s asking the board to order a return to work and to impose binding arbitration. He says the impacts of the work stoppage, which started ... Read More »
Be the first to comment!B.C. ended fiscal year with $5B deficit, as wildfires, lower revenue bit into budget
By The Canadian Press on August 22nd, 2024
VICTORIA – British Columbia has ended the fiscal year with a deficit of about $5 billion, a figure boosted beyond the original budget forecast by wildfire expenses and what the government said was essential spending on “priority services.” A statement said higher revenues from vehicle insurer ICBC were also offset by lower revenues from natural ... Read More »
Be the first to comment!Liberal government intervenes in railway labour dispute
By The Canadian Press on August 22nd, 2024
MONTREAL – Labour Minister Steven MacKinnon is stepping in to get trains moving again after an unprecedented lockout by the country’s two largest rail companies. He will use his powers under Section 107 of the Labour Code to ask the Canada Industrial Relations Board to impose final, binding arbitration. He’s also asked the board to ... Read More »
Be the first to comment!Pharmacist pleads no contest to involuntary manslaughter in Michigan deaths from meningitis outbreak
By Ed White, The Associated Press on August 22nd, 2024
HOWELL, Mich. – A pharmacist pleaded no contest Thursday to involuntary manslaughter in the deaths of 11 people in Michigan, all victims of tainted steroids that caused a national meningitis outbreak in 2012. Glenn Chin, 56, will get a 7 1/2-year prison sentence in October, which will be served at the same time as his ... Read More »
Be the first to comment!CP NewsAlert: Liberals will intervene to end rail dispute, source says
By The Canadian Press on August 22nd, 2024
MONTREAL – The federal government is planning to intervene in the labour dispute that brought the country’s two largest railways to a halt overnight, a senior Liberal source says. Labour Minister Steven MacKinnon will use the powers under Section 107 of the Canada Labour Code. More coming... Read More »
Be the first to comment!S&P/TSX composite down Thursday, U.S. stock markets also lower, led by Nasdaq losses
By The Canadian Press on August 22nd, 2024
TORONTO – Canada’s main stock index moved lower on Thursday, led by weakness in technology and base metals, while U.S. markets were also down, with the Nasdaq falling 1.7 per cent. The S&P/TSX composite index closed down 84.26 points at 23,037.47. In New York, the Dow Jones industrial average was down 177.71 points at 40,712.78. ... Read More »
Be the first to comment!B.C. ended fiscal year with $5B deficit, as wildfires, lower revenue bite into budget
By The Canadian Press on August 22nd, 2024
VICTORIA – British Columbia has ended the fiscal year with a deficit of about $5 billion, some $900 million lower than the most recent forecast, but higher than last year’s budget had called for. The last official look at the province’s finances before the October election says higher revenues from vehicle insurer ICBC were offset ... Read More »
Be the first to comment!Top Alberta Court allows appeal of coal miner’s exploration applications
By The Canadian Press on August 22nd, 2024
Alberta’s top court is allowing a southwestern ranching community to appeal applications for coal exploration permits. The Alberta Court of Appeal says it will hear arguments from the Municipal District of Ranchland that the province’s energy regulator shouldn’t have accepted applications for Grassy Mountain. Australian-owned Northback Holdings is trying to develop a coal mine at ... Read More »
Be the first to comment!Stock market today: Wall Street weakens ahead of a highly anticipated speech
By Stan Choe, The Associated Press on August 22nd, 2024
NEW YORK (AP) – U.S. stocks closed lower as Wall Street counted down to its main event for the week, a speech by Federal Reserve Chair Jerome Powell coming up on Friday. The S&P 500 lost 0.9% Thursday, its worst day in more than two weeks. The Dow Jones Industrial Average fell 0.4%, and the ... Read More »
Be the first to comment!Health minister puts nicotine pouches behind the counter, bans flavours
By The Canadian Press on August 22nd, 2024
OTTAWA – Health Minister Mark Holland is putting Health Canada-approved nicotine pouches behind pharmacy counters starting next week as part of his crackdown on the sale of new nicotine products to children. He also says he’s banning flavours other than mint or menthol for pouches and any new nicotine products on the market, and putting ... Read More »
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