Business
Lithium company Winsome Resources signs option deal to buy Storonoway’s Renard mine
By The Canadian Press on April 3rd, 2024
Australian lithium company Winsome Resources has signed a call option agreement that will allow it to buy the Renard diamond mine in northern Quebec and its associated infrastructure for $52 million. Winsome says the proposed deal offers an opportunity to minimize the impact of the development of its Adina lithium project in Quebec. The agreement ... Read More »
Be the first to comment!Lightspeed Commerce cutting 280 jobs as it focuses on profitable growth
By The Canadian Press on April 3rd, 2024
MONTREAL – Lightspeed Commerce Inc. says it is cutting about 280 jobs. The Montreal-based technology company says the move represents about 10 per cent of its head count-related operating expenditures. In addition, Lightspeed says it has undertaken several other cost reduction initiatives in facilities and operations. It says it expects that the majority of the ... Read More »
Be the first to comment!Inflation has slid again in Europe. What that means for interest rates
By David Mchugh, The Associated Press on April 3rd, 2024
FRANKFURT, Germany (AP) – The inflation that has squeezed European shoppers fell more than expected in March to 2.4%, as cost spikes in the grocery aisle eased and overall price rises headed down in the two biggest economies, Germany and France. The annual figure for the 20 countries that use the euro currency came in ... Read More »
Be the first to comment!Unifor announces tentative deal with CN Autoport, members to vote today
By The Canadian Press on April 3rd, 2024
A tentative agreement was struck between Unifor and CN Autoport which could end a weeks-long strike by unionized workers at North America’s largest transshipment facilities for imported vehicles. According to the union’s announcement Tuesday evening, the deal will be put to the workers for a vote later today. The announcement did not mention any details ... Read More »
Be the first to comment!Greater Toronto home sales down in March but competition pushes prices up: board
By The Canadian Press on April 3rd, 2024
TORONTO – The Toronto Regional Real Estate Board says Greater Toronto home sales in March were down 4.5 per cent from last year, but there was enough competition between buyers that the average home price rose moderately year-over-year. The board says 6,560 homes changed hands in the month compared with 6,868 last year, while noting ... Read More »
Be the first to comment!Drought poses key risk to Canada’s natural gas producers in 2024: Deloitte
By Amanda Stephenson, The Canadian Press on April 3rd, 2024
CALGARY – Persistent drought conditions are poised to challenge natural gas producers even as they aim to ramp up in anticipation of Canada’s first liquefied natural gas export terminal opening, a new report warns. The report by Deloitte Canada identifies potential water shortages in Western Canada as a key risk facing the oil and gas ... Read More »
Be the first to comment!Indigo agrees to go private after sale to holding company
By Tara Deschamps, The Canadian Press on April 2nd, 2024
TORONTO – Indigo Books & Music Inc. has agreed to be taken private after agreeing to a sweetened offer from a holding company connected to its largest shareholder. The retailer says its agreement will see Trilogy Retail Holdings Inc. and Trilogy Investments L.P. pay $2.50 per share in cash for the stake in Indigo they ... Read More »
Be the first to comment!West Fraser and Mercer International dissolve joint venture in Cariboo Pulp and Paper
By The Canadian Press on April 2nd, 2024
VANCOUVER – West Fraser Timber Co. and Mercer International Inc. are dissolving their 50/50 joint venture in Cariboo Pulp and Paper. Vancouver-based West Fraser will be the sole owner and operator of the mill. West Fraser president and CEO Sean McLaren says the move better positions the company to support the mill and provide ongoing ... Read More »
Be the first to comment!Quebec electric snowmobile maker Taiga suspends production, lays off 70 workers
By The Canadian Press on April 2nd, 2024
Montreal-based electric snowmobile manufacturer Taiga Motors says it is pausing production and temporarily laying off around 70 workers. The company, which also makes electric watercraft, says its decision is in response to a challenging economy and an exceptionally mild winter. Taiga released quarterly and annual results today but did not hold a conference call with ... Read More »
Be the first to comment!As Ford ties Trudeau’s future to carbon price, Poilievre demands meeting of premiers
By Stephanie Taylor, The Canadian Press on April 2nd, 2024
OTTAWA – As the premier of Canada’s largest province warned that Justin Trudeau’s political future is tied to the fate of his consumer carbon price, the leader of the federal Conservatives urged the prime minister to convene an emergency meeting with his provincial and territorial counterparts. Tuesday brought another day of attacks against the Liberals’ ... Read More »
Be the first to comment!Bell Media president Sean Cohan says layoffs were necessary to reach company’s goals
By Alex Nino Gheciu, The Canadian Press on April 2nd, 2024
TORONTO – Bell Media president Sean Cohan says recent layoffs and programming cuts are something he doesn’t take lightly, but were necessary to accelerate the company’s goals in the digital media landscape. On Tuesday, Cohan made his first public appearance since stepping into the executive role by speaking at the inaugural Black Screen Office Symposium ... Read More »
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