Business
Latest milestones move Cedar LNG closer to getting a green light
By The Canadian Press on April 5th, 2024
CALGARY – RBC Capital Markets says it expects to see a green light from the partners behind the proposed US$3.4-billion Cedar LNG project. RBC analyst Robert Kwan said in a note Friday he expects Pembina Pipeline Corp. and its project partner, the Haisla Nation of B.C., to pull the trigger on the floating liquefied natural ... Read More »
Be the first to comment!Five things to know about Canada’s lucrative baby eel fishery
By Lyndsay Armstrong, The Canadian Press on April 5th, 2024
HALIFAX – Tiny, translucent baby eels, called elvers, are back in the news after two Mi’kmaq men from Nova Scotia reported being detained by federal fisheries officers and then left far from home at 1 a.m. — without footwear or phones — after they were caught fishing near Shelburne, N.S. The federal government closed the ... Read More »
Be the first to comment!Another month of robust US job growth points to continued economic strength
By Paul Wiseman, The Associated Press on April 5th, 2024
WASHINGTON (AP) – America’s employers delivered another outpouring of jobs in March, adding a sizzling 303,000 workers to their payrolls and bolstering hopes that the economy can vanquish inflation without succumbing to a recession in the face of high interest rates. Last month’s job growth was up from a revised 270,000 in February and was ... Read More »
Be the first to comment!Stock market today: Wall Street edges higher following surprisingly strong US jobs report
By Damian J. Troise, The Associated Press on April 5th, 2024
NEW YORK (AP) – Stocks rose on Wall Street Friday and Treasury yields climbed following a hot U.S. jobs report. The S&P 500 rose 0.5%. The Dow Jones Industrial Average gained 113 points, or 0.3% as of 10:10 a.m. Eastern. The Nasdaq composite rose 0.8%. The gains follow a late-day slump on Thursday for major ... Read More »
Be the first to comment!US employers added a surprisingly robust 303,000 jobs in March in a sign of economic strength
By Paul Wiseman, The Associated Press on April 5th, 2024
WASHINGTON (AP) – America’s employers delivered another outpouring of jobs in March, adding a sizzling 303,000 workers to their payrolls and bolstering hopes that the economy can vanquish inflation without succumbing to a recession in the face of high interest rates. Last month’s job growth was up from a revised 270,000 in February and was ... Read More »
Be the first to comment!Canada’s unemployment rate jumps to 6.1% in March as job growth comes to a halt
By The Canadian Press on April 5th, 2024
OTTAWA – Statistics Canada says the unemployment rate jumped to 6.1 per cent in March as more people looked for work and job growth ground to a halt. That’s up from 5.8 per cent in February and marks the largest increase in the unemployment rate since summer 2022. The federal agency’s labour force survey shows ... Read More »
Be the first to comment!Apple lays off more than 600 workers in California in its first major round of post-pandemic cuts
By Associated Press, The Associated Press on April 5th, 2024
Apple is laying off more than 600 workers in California, marking the company’s first big wave of post-pandemic job cuts amid a broader wave of tech industry consolidation. The iPhone maker notified 614 workers in multiple offices on March 28 that they were losing their jobs, with the layoffs becoming effective on May 27, according ... Read More »
Be the first to comment!PVR Pullback: Bell to delete viewer’s saved TV shows and movies after 60 days
By David Friend, The Canadian Press on April 5th, 2024
TORONTO – Bell Fibe subscribers are being warned that TV shows and movies saved on their PVRs will vanish much faster starting next month. The telecom giant has notified users of its Bell Fibe cloud-based personal video recorder that on May 1 it will begin deleting their recordings after 60 days. Previously, the Bell Fibe ... Read More »
Be the first to comment!‘Plan for the worst’: Eclipse viewings expected to put pressure on cellphone networks
By Sammy Hudes, The Canadian Press on April 5th, 2024
With Monday’s solar eclipse expected to draw tens of thousands to regions along the path of totality in Eastern Canada, major cellphone and internet providers say they’re ready to handle a surge in wireless traffic in those areas. Cities such as Niagara Falls, Ont., and Montreal have been bracing for an influx of tourists this ... Read More »
Be the first to comment!Statistics Canada to release March jobs report today
By The Canadian Press on April 5th, 2024
OTTAWA – Statistics Canada is set to release its March labour force survey this morning. RBC expects the report to show the economy added 25,000 jobs, which it says won’t be enough to keep the unemployment rate from rising to 5.9 per cent. Canada’s unemployment rate was 5.8 per cent in February. The Canadian economy ... Read More »
Be the first to comment!Laurentian selling assets in retail investment broker division to iA Private Wealth
By The Canadian Press on April 4th, 2024
MONTREAL – Laurentian Bank has reached a deal to sell the assets of its retail full-service investment broker division to iA Private Wealth Inc. The bank says the transaction includes the transfer of about $2 billion in assets under administration from Laurentian Bank Securities to iA Private Wealth, a subsidiary of iA Financial Group. Laurentian ... Read More »
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