Business
S&P/TSX composite weighed down by energy in late-morning trading, U.S. markets mixed
By The Canadian Press on April 15th, 2024
TORONTO – Canada’s main stock index moved lower in late-morning trading Monday, weighed down by weakness in energy stocks, while U.S. markets were mixed. The S&P/TSX composite index was down 66.26 points at 21,833.73. In New York, the Dow Jones industrial average was up 63.25 points at 38,046.49. The S&P 500 index was up 2.58 ... Read More »
Be the first to comment!Tesla is planning to lay off 10% of its workers after dismal 1Q sales, multiple news outlets report
By The Associated Press on April 15th, 2024
DETROIT (AP) – After reporting dismal first-quarter sales, Tesla is planning to lay off about a tenth of its workforce as it tries to cut costs, multiple media outlets reported Monday. CEO Elon Musk detailed the plans in a memo sent to employees. The layoffs could affect about 14,000 of the 140,473 workers employed by ... Read More »
Be the first to comment!Retail sales surge 0.7% in March as Americans seem unfazed by higher prices with jobs plentiful
By Anne D'innocenzio, The Associated Press on April 15th, 2024
NEW YORK (AP) – Americans boosted spending at a hotter-than-expected pace in March, underscoring how shoppers remain resilient despite inflationary pressures and other economic challenges. Retail sales rose 0.7% last month – almost double what economists had forecast – after rising 0.9% in February, according to Commerce Department data released Monday. The February figure was ... Read More »
Be the first to comment!Protest averted as Newfoundland and Labrador premier helps reach pricing deal on crab
By The Canadian Press on April 15th, 2024
ST. JOHN’S, N.L. – A pricing agreement has been reached between crab fishers and seafood processors that will allow for Newfoundland and Labrador’s annual crab fishery to get started. The provincial government says Premier Andrew Furey helped Sunday to negotiate the deal between the Fish, Food and Allied Workers Union, which represents inshore fishermen, and ... Read More »
Be the first to comment!Retail sales surge 0.7% in March with Americans seemingly unfazed by higher prices
By Anne D'innocenzio, The Associated Press on April 15th, 2024
NEW YORK (AP) – Americans boosted spending at a hotter-than-expected pace in March, underscoring how shoppers remain resilient despite inflationary pressures and other economic challenges. Retail sales rose 0.7% last month – almost double what economists had forecast – after rising 0.9% in February, according to Commerce Department data released Monday. The February figure was ... Read More »
Be the first to comment!Statistics Canada reports manufacturing sales up 0.7% in February at $71.6B
By The Canadian Press on April 15th, 2024
OTTAWA – Statistics Canada says manufacturing sales rose 0.7 per cent to $71.6 billion in February, helped by higher sales of petroleum and coal. The agency says manufacturing sales were up in 13 of the 21 subsectors it tracks as petroleum and coal sales rose 4.3 per cent to $8.7 billion, helped by higher prices ... Read More »
Be the first to comment!Retail sales up a strong 0.7% in March from February, underscoring the resiliency of the US consumer
By Anne D'innocenzio, The Associated Press on April 15th, 2024
NEW YORK (AP) – Americans increased their spending pace in March at a better-than-expected pace the previous month, , underscoring how shoppers remain resilient despite inflationary pressures and other economic challenges. Retail sales rose 0.7% last month after being up a revised 0.9% in February, according to the Commerce Department’s report on Monday. Sales fell ... Read More »
Be the first to comment!FBI opens criminal investigation into Baltimore bridge collapse, AP source says
By Eric Tucker And Sarah Brumfield, The Associated Press on April 15th, 2024
The FBI is conducting a criminal investigation into the deadly collapse of Baltimore’s Francis Scott Key Bridge that is focused on the circumstances leading up to it and whether all federal laws were followed, according to a person familiar with the matter. The person was not authorized to discuss details of the investigation publicly and ... Read More »
Be the first to comment!Parkland says strategic review called for by Simpson Oil is unnecessary
By The Canadian Press on April 15th, 2024
CALGARY – Fuel retailer Parkland Corp. says a strategic review of its business called for by its largest shareholder is unnecessary. The Calgary-based company says such a review does not consider the best interests of the majority of its shareholders. The comments came after Simpson Oil Ltd. sent a letter to the Parkland board of ... Read More »
Be the first to comment!Insurance is high on frequently stolen vehicles. Here’s how to reduce your premiums
By Ritika Dubey, The Canadian Press on April 15th, 2024
TORONTO – Looking for a break on car insurance premiums is often top of mind for drivers. And finding ways to reduce that figure is especially important now, when rampant thefts have led to higher insurance costs. Experts say installing a tracking device and parking in a garage are among the actions that could help ... Read More »
Be the first to comment!Hundreds still in the dark in Ontario after high winds cause widespread outages
By The Canadian Press on April 14th, 2024
TORONTO – Hydro One says it’s still working to restore power to hundreds of customers in Ontario after high winds hit the province on Friday and Saturday. The electricity distributor says about 500 customers were without power across the province as of Sunday evening. Hydro One says it has restored power to more than 135,000 ... Read More »
Be the first to comment!
