Business
Aircraft maker Bombardier reports Q1 profit and revenue down from year ago
By The Canadian Press on April 25th, 2024
MONTREAL – Bombardier Inc. reported a first-quarter profit of US$110 million, down from a profit of US$302 million a year earlier, as its revenue fell 12 per cent. The Montreal-based aircraft maker, which keeps its books in U.S. dollars, says the profit amounted to US$1.02 per diluted share for the quarter ended March 31, down ... Read More »
Be the first to comment!Teck Resources reports first-quarter profit down from year ago
By The Canadian Press on April 25th, 2024
VANCOUVER – Teck Resources Ltd. reported its first-quarter profit fell compared with a year ago due in part to its reduced ownership in its steelmaking coal business as well as lower copper and zinc prices and higher costs. The Vancouver-based mining company says it earned a profit attributable to shareholders of $343 million or 65 ... Read More »
Be the first to comment!Telecom complaints jump 43% as Rogers accounts for one-quarter of grievances: report
By Sammy Hudes, The Canadian Press on April 25th, 2024
The watchdog that handles grievances about telecommunications companies in Canada says complaints about phone, internet and television services were up 43 per cent halfway through its reporting year. The report by the Commission for Complaints for Telecom-Television Services (CCTS), which measured complaints from customers between Aug. 1, 2023 and Jan. 31, 2024, found an “alarming” ... Read More »
Be the first to comment!‘A little wacky’: Tim Hortons to stage theatrical production called ‘The Last Timbit’
By Tara Deschamps, The Canadian Press on April 25th, 2024
In the last year, Tim Hortons has treated cottaging Canadians to a boat drivethru, revived its beloved Dutchie doughnut and launched flatbread pizzas. But perhaps its biggest surprise will come this summer, on the heels of its 60th anniversary on May 17, when it enters a realm so unexpected for a fast-food giant that even ... Read More »
Be the first to comment!Honda expected to announce Ontario EV battery plant, part of a $15B investment
By Allison Jones, The Canadian Press on April 25th, 2024
TORONTO – Prime Minister Justin Trudeau, Ontario Premier Doug Ford and Honda executives are expected to announce today that the Japanese automaker is building an electric vehicle battery plant in Alliston, Ont., part of a $15-billion investment. Senior sources with information on the project have told The Canadian Press that Honda is also retooling its ... Read More »
Be the first to comment!Doctors say capital gains tax changes will jeopardize their retirement. Is that true?
By Nojoud Al Mallees, The Canadian Press on April 25th, 2024
OTTAWA – The Canadian Medical Association asserts the Liberals’ proposed changes to capital gains taxation will put doctors’ retirement savings in jeopardy, but some financial experts insist incorporated professionals are not as doomed as they say they are. Prime Minister Justin Trudeau’s government presented a federal budget last week that proposes making two-thirds rather than ... Read More »
Be the first to comment!Giant prehistoric salmon had tusk-like teeth for defence, building nests: study
By Brenna Owen, The Canadian Press on April 24th, 2024
The artwork and publicity materials showcasing a giant salmon that lived five million years ago were ready to go to promote a new exhibit, when the discovery of two fossilized skulls immediately changed what researchers knew about the fish. Initial fossil discoveries of the 2.7-metre-long salmon in Oregon in the 1970s were incomplete and had ... Read More »
Be the first to comment!Hot Docs boss says ‘future of the organization is in jeopardy’ as festival launches
By Alex Nino Gheciu, The Canadian Press on April 24th, 2024
Canada’s largest documentary film festival kicks off Thursday amid ongoing uncertainty over its finances, concerns over a mass staff exodus and a new president who says survival depends on reimagining it as a “leaner, meaner version.” Hot Docs president Marie Nelson says economic constraints led organizers to apply”tighter curation” to this year’s edition, which will ... Read More »
Be the first to comment!Green deputy leader sentenced to jail for Fairy Creek old growth protests
By The Canadian Press on April 24th, 2024
OTTAWA – The Green Party is decrying a 60-day sentence handed to its deputy leader today for her role in old growth logging protests on Vancouver Island. Angela Davidson, also known as Rainbow Eyes, was convicted in January of seven counts of criminal contempt for breaching a court injunction and later her bail conditions. Davidson ... Read More »
Be the first to comment!Manitoba lifts ban on homegrown cannabis, pauses some new retail licences
By The Canadian Press on April 24th, 2024
WINNIPEG – The Manitoba government is lifting its ban on homegrown recreational cannabis while at the same time pausing approval of some new retail outlets. Justice Minister Matt Wiebe has introduced a bill that would end a ban on homegrown pot and allow people to grow up to four plants under federal law. If the ... Read More »
Be the first to comment!Aecon Group posts loss of $6.1 million in first quarter, sales also lower
By The Canadian Press on April 24th, 2024
TORONTO – Aecon Group Inc. reported a loss of $6.1 million in its first quarter, compared with a loss of $9.4 million a year earlier. The Toronto-based company says revenue for the quarter ended March 31 totalled $846.6 million, down from $1.1 billion during the same quarter last year. Diluted loss per share was 10 ... Read More »
Be the first to comment!
