Business
The challenge of linking Listeria cases to some plant-based milks
By Hannah Alberga, The Canadian Press on August 15th, 2024
It wasn’t until a cluster of Listeria cases emerged in Ontario that the federal health agency says it was able to find the source of an outbreak that’s now linked to three deaths and 20 infections. Ever since the Canadian Food Inspection Agency announced a national recall of several Silk and Great Value plant-based milk ... Read More »
Be the first to comment!Canada Jetlines becomes latest victim of cutthroat airline sector
By Christopher Reynolds, The Canadian Press on August 15th, 2024
Less than two years after it first hit the skies, Canada Jetlines has grounded its planes and ceased operations amid a cash crisis that caused it to become the third Canadian carrier in less than a year to stop flying. The low-cost airline, which flew mainly to sun destinations out of Toronto on top of ... Read More »
Be the first to comment!Stock market today: Wall Street roars closer to its records as US shoppers help drive the economy
By Stan Choe, The Associated Press on August 15th, 2024
NEW YORK (AP) – Wall Street rallied closer to its record highs following signs that the U.S. economy is holding up better than expected. The S&P 500 jumped 1.6% Thursday. The index marked its sixth gain in a row and has stabilized after a scary few weeks. The Dow Jones Industrial Average jumped 1.4%, and ... Read More »
Be the first to comment!Labour minister rejects CN Rail’s request for binding arbitration as lockout looms
By The Canadian Press on August 15th, 2024
OTTAWA – Labour Minister Steven MacKinnon has rejected a request from Canadian National Railway Co. for binding arbitration as the clock ticks down to a potential lockout of its employees. MacKinnon says he wants to make it clear that he expects CN Rail and the Teamsters Canada Rail Conference to negotiate in good faith, adding ... Read More »
Be the first to comment!Harris zeroes in on high food prices as inflation plays a big role in the presidential race
By Zeke Miller, The Associated Press on August 15th, 2024
WASHINGTON (AP) – Vice President Kamala Harris is zeroing in on high food prices as her campaign previews an economic policy speech Friday in North Carolina, promising to push for a federal ban on price gouging on groceries as she looks to address one of voters’ top concerns. Harris is putting particular emphasis on rising ... Read More »
Be the first to comment!Ontario pension fund manager OMERS earned 4.4% return for first half of 2024
By The Canadian Press on August 15th, 2024
TORONTO – OMERS says it earned a net investment return of 4.4 per cent for the first six months of this year, helped by the performance of its investments in public equities and strong contributions from its holdings in private credit and infrastructure. OMERS chief executive Blake Hutcheson says the fund had a good start ... Read More »
Be the first to comment!RBC, TD to pay millions to settle U.S. SEC charges over recordkeeping violations
By The Canadian Press on August 15th, 2024
TORONTO – RBC and TD Bank Group have agreed to pay tens of millions of dollars in penalties after being charged by the U.S. Securities and Exchange Commission over recordkeeping violations. RBC Capital Markets has agreed to pay US$45 million. Various TD divisions, including its recently acquired Cowen and Co., have agreed to pay a ... Read More »
Be the first to comment!Housing market fairly stable in July, conditions growing for more active market: CREA
By The Canadian Press on August 15th, 2024
OTTAWA – Canada’s housing market softened slightly in July from a month earlier as sales of existing homes dipped and new listings inched up, the Canadian Real Estate Association said. Sales were down 0.7 per cent from June when seasonally adjusted, though up 4.8 per cent from a year earlier, while new listings were up ... Read More »
Be the first to comment!Walmart grows more optimistic about 2024 as bargains prove a powerful lure for the inflation weary
By Anne D'innocenzio, The Associated Press on August 15th, 2024
NEW YORK (AP) – Walmart had another quarter of strong sales that topped almost all expectations with its comparatively low prices proving a powerful draw for millions who have struggled with rising costs for housing, groceries and almost everything else. The nation’s largest retailer also raised its full-year outlook in a sign of confidence of ... Read More »
Be the first to comment!S&P/TSX composite up more than 200 points, U.S. stock markets also climb higher
By The Canadian Press on August 15th, 2024
TORONTO – Canada’s main stock index was up more than 200 points in late-morning trading, helped by strength in the base metal, technology and energy sectors, while U.S. stock markets also surged higher. The S&P/TSX composite index was up 242.56 points at 23,002.57. In New York, the Dow Jones industrial average was up 473.89 points ... Read More »
Be the first to comment!Canada Jetlines halts operations, plans for creditor protection
By The Canadian Press on August 15th, 2024
TORONTO – Canada Jetlines is grounding all flights and says it is temporarily ceasing airline operations, effective immediately. The airline says it has been unable to find the financing needed to keep flying and plans to file for creditor protection. The company says passengers with existing bookings should contact their credit card company to secure ... Read More »
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