Business
Liberals release plan to ‘solve the housing crisis,’ branding it as a call to action
By Nojoud Al Mallees, The Canadian Press on April 12th, 2024
OTTAWA – The federal Liberals have unveiled their plan to solve the housing crisis, building on recent announcements with new tax incentives, more than a billion dollars for homelessness and a country-wide effort to build more housing on public lands. The 28-page document, which comes days ahead of the federal budget, is the minority government’s ... Read More »
Be the first to comment!US consumer sentiment falls slightly as outlook for inflation worsens
By Christopher Rugaber, The Associated Press on April 12th, 2024
WASHINGTON (AP) – Consumer sentiment about the U.S. economy has ticked down but remains near a recent high, with Americans’ outlook largely unchanged this year. The University of Michigan’s consumer sentiment index, released Friday in a preliminary version, slipped to 77.9 this month, down from March’s figure of 79.4. Sentiment is about halfway between its ... Read More »
Be the first to comment!March home sales, average price rise from year ago: CREA
By The Canadian Press on April 12th, 2024
OTTAWA – The Canadian Real Estate Association says the number of home sales in March rose 1.7 per cent compared with a year ago. The increase came as the average price of a home sold last month amounted to $698,530, up two per cent from March 2023. On a month-over-month basis, CREA says home sales ... Read More »
Be the first to comment!JPMorgan again warns investors about “uncertain” year ahead. Big banks issue mixed profit reports
By Ken Sweet, The Associated Press on April 12th, 2024
NEW YORK (AP) – JPMorgan Chase continued to warn investors Friday that it expects a “uncertain” year for markets and the global economy, citing stubbornly high inflation and ongoing geopolitical tensions. The remarks came as JPMorgan – as well as its major competitors Citigroup and Wells Fargo – reported their first quarter results. JPMorgan had ... Read More »
Be the first to comment!Toronto airports authority announces ‘decade-long investment’ in Pearson Airport
By Rosa Saba, The Canadian Press on April 12th, 2024
Toronto’s airports authority has announced a multibillion-dollar plan to update and modernize Toronto Pearson Airport. The Greater Toronto Airports Authority said it launched the first phase of procurement for Pearson LIFT, a plan intended to help the airport meet growing demand for its services. “This is the very beginning of what will be a decade-long ... Read More »
Be the first to comment!Corus reports $9.8M Q2 loss compared with $15.5M loss a year ago, revenue down
By The Canadian Press on April 12th, 2024
TORONTO – Corus Entertainment Inc. reported a loss attributable to shareholders of $9.8 million in its latest quarter compared with a loss of $15.5 million a year earlier as its revenue fell 13 per cent. The television and radio broadcaster says the loss amounted to five cents per diluted share for the quarter ended Feb. ... Read More »
Be the first to comment!MTY Food Group reports Q1 profit and revenue down from year ago
By The Canadian Press on April 12th, 2024
MONTREAL – MTY Food Group Inc. reported its first-quarter profit fell compared with a year earlier as its revenue also declined. MTY chief executive Eric Lefebvre says the results were hurt by reduced consumer spending and extreme weather, primarily in the first six weeks of 2024. The restaurant franchisor and operator reported a profit of ... Read More »
Be the first to comment!Walmart Canada says robots are coming to two Ontario warehouses, but jobs not at risk
By Tara Deschamps, The Canadian Press on April 12th, 2024
In a Calgary warehouse almost as big as eight football fields, an army of robots whir about, carrying massive quantities of merchandise bound for Walmart Canada customers. Some of the robots zip around the hulking facility transporting pallets of merchandise fresh off delivery trucks. Another resembling a giant arm moves the pallets onto conveyor belts. ... Read More »
Be the first to comment!Oakland officials vote to include ‘San Francisco’ in airport’s name
By Janie Har And Olga R. Rodriguez, The Associated Press on April 11th, 2024
SAN FRANCISCO (AP) – Oakland officials have voted in favor of changing the name of the city’s airport to San Francisco Bay Oakland International Airport, despite San Francisco threatening a lawsuit over what it says is a trademark violation. The Board of Commissioners for the Port of Oakland voted unanimously Thursday to approve the name-change ... Read More »
Be the first to comment!Manulife names Katy Boshart as CEO of banking unit
By The Canadian Press on April 11th, 2024
TORONTO – Manulife Financial Corp. says Katy Boshart will take on the role of CEO at Manulife Bank of Canada starting next week. Boshart comes to the firm from TD Bank, where she most recently led its customer engagement platforms division. Manulife says Boshart, who has more than 30 years of banking experience in both ... Read More »
Be the first to comment!S&P/TSX composite dragged lower by energy, U.S. stock mixed as tech soars
By Rosa Saba, The Canadian Press on April 11th, 2024
TORONTO – Canada’s main stock index moved down Thursday, led lower by weakness in energy and industrial stocks, while U.S. markets were mixed but largely positive as tech stocks rose. The S&P 500 and the Nasdaq rose in a markedly different showing from Wednesday, when markets fell after a hotter-than-expected U.S. consumer inflation report. “Yesterday ... Read More »
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