Business
CP NewsAlert: Canada Jetlines halts operations, plans for creditor protection
By The Canadian Press on August 15th, 2024
TORONTO – Canada Jetlines Ltd. says it plans to file for creditor protection and will temporarily halt operations starting today. The airline says it has been unable to find the financing needed to keep flying. More coming... Read More »
Be the first to comment!Canada Jetlines CEO, executives resign as airline’s future in doubt
By The Canadian Press on August 15th, 2024
The head of Canada Jetlines Ltd. and three other executives are stepping down from the company amid serious financial problems that put its future in doubt. The airline says it will need to raise more capital to continue operations. Shares of the company on the NEO Exchange have been halted pending news. The airline, which ... Read More »
Be the first to comment!CP NewsAlert: Canada Jetlines CEO, execs resign as airline’s future in doubt
By The Canadian Press on August 15th, 2024
The head of Canada Jetlines Ltd. and three other executives are stepping down from the company amid serious financial problems that put its future in doubt. The airline says it will need to raise more capital to continue operations. Shares of the company on the NEO Exchange have been halted pending news. More coming... Read More »
Be the first to comment!ETFs are wildly popular. How much of your portfolio should be in them?
By Ritika Dubey, The Canadian Press on August 15th, 2024
Exchange-traded funds have become wildly popular among investors, particularly young people who use do-it-yourself investing platforms that can auto-invest client money in ETFs. But the question remains: is there a downside to holding nothing but ETFs in your portfolio? Not really, according to some Bay Streeters, as long as you strike the right asset composition. ... Read More »
1 responseCREA says July home sales up from year ago, but down month-over-month
By The Canadian Press on August 15th, 2024
OTTAWA – The Canadian Real Estate Association says home sales in July were up from a year ago, but edged back from where they were in June this year. The association says home sales in July were up 4.8 per cent compared with the same month last year. On a seasonally adjusted basis, home sales ... Read More »
Be the first to comment!Stock market today: Wall Street rallies closer to records as US economy holds up better than feared
By Yuri Kageyama, The Associated Press on August 15th, 2024
NEW YORK (AP) – Wall Street is rallying following signals the U.S. economy is holding up better than expected. The S&P 500 was up 1% early Thursday. The index is on track for a sixth straight gain following a scary few weeks. The Dow Jones Industrial Average was up 518 points, or 1.3%, and the ... Read More »
Be the first to comment!Statistics Canada reports wholesale sales down 0.6% in June
By The Canadian Press on August 15th, 2024
OTTAWA – Statistics Canada says wholesale sales, excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain, fell 0.6 per cent to $82.4 billion in June. The agency says sales fell in five of the seven subsectors. Sales in the motor vehicle and motor vehicle parts and accessories subsector fell 2.6 per cent ... Read More »
Be the first to comment!US shoppers sharply boosted spending at retailers in July despite higher prices
By Christopher Rugaber, The Associated Press on August 15th, 2024
WASHINGTON (AP) – Americans stepped up their spending at retailers last month by the most in a year and a half, easing concerns that the economy was slowing under the pressure of higher prices and elevated prices. The Commerce Department reported Thursday that U.S. retail sales jumped 1% from June to July after having declined ... Read More »
Be the first to comment!US unemployment claims fall 7,000 to 227,000 in sign of resiliency in job market
By Paul Wiseman, The Associated Press on August 15th, 2024
WASHINGTON (AP) – The number of Americans applying for unemployment benefits fell last week, another sign that the job market remains resilient in the face of high interest rates. Jobless claims dropped by 7,000 to 227,000 last week, the Labor Department reported Thursday. The four-week average of claims, which smooths out week-to-week ups and downs, ... Read More »
Be the first to comment!Maple Leaf Foods names Deepak Bhandari as CFO for pork business
By The Canadian Press on August 15th, 2024
MISSISSAUGA, Ont. – Maple Leaf Foods Inc. has named Deepak Bhandari as chief financial officer of its pork business, which it plans to spin off as an independent, publicly traded company. Bhandari is currently senior vice-president of strategy and corporate development at High Liner Foods Inc. and recently served as the interim chief financial officer ... Read More »
Be the first to comment!Walmart boosts outlook for 2024 with bargains proving 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 »
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