Business
Montreal man sentenced to 10 years in U.S. for ‘massive’ telemarketing scheme
By The Canadian Press on August 13th, 2024
MONTREAL – A Montreal man has been sentenced to 10 years in prison by a Pennsylvania judge for operating a telemarketing scheme that defrauded American seniors of millions of dollars. Ari Tietolman was extradited from Canada to the United States last year and pleaded guilty in January to three counts of wire fraud and four ... Read More »
Be the first to comment!B.C. fruit group, $50 million in debt to bank, files for creditor protection
By The Canadian Press on August 13th, 2024
A group that had provided storage and packing services for British Columbia fruit growers for almost 90 years has filed for creditor protection after receiving a bank repayment notice related to more than $50 million in debts. Court documents show the BC Tree Fruits Cooperative is “non-compliant” with loan agreements to Canadian Imperial Bank of ... Read More »
Be the first to comment!Nova Scotia urged to close ‘pathways’ that lead people to losing their homes
By The Canadian Press on August 13th, 2024
HALIFAX – The head of a Nova Scotia shelter for women and children says the province can reduce homelessness by addressing the “pathways” that lead people to end up on the street. Sheri Lecker told a legislature committee today in Halifax that fixed-term leases and so-called “renovictions” are part of the problem – and that ... Read More »
Be the first to comment!B.C. fruit group files for creditor protection after crop losses, ‘liquidity crisis’
By The Canadian Press on August 13th, 2024
A group that had provided storage and packing services for British Columbia fruit growers for almost 90 years has filed for creditor protection after receiving a bank repayment notice. A statement from the BC Tree Fruits Cooperative issued Monday says the decision to file for creditor protection stems from the group’s “liquidity crisis,” with stone ... Read More »
Be the first to comment!Ontario Teachers’ posts 4.2% net return for first six months of 2024
By The Canadian Press on August 13th, 2024
TORONTO – The Ontario Teachers’ Pension Plan Board says it earned a net return of 4.2 per cent for the first six months of this year. The result came as the pension fund says it earned net investment income of $10.8 billion for the period. Ontario Teachers’ says it had $255.8 billion in total net ... Read More »
Be the first to comment!CN Rail, CPKC begin halting shipments of certain goods as strike threat looms
By Christopher Reynolds, The Canadian Press on August 13th, 2024
MONTREAL – The country’s two main railways have started to halt shipments ahead of a possible strike or lockout next week, the first stage in a wind-down as the bargaining deadline approaches. Canadian National Railway Co. said in an internal memo obtained by The Canadian Press that the company began to embargo hazardous goods from ... Read More »
Be the first to comment!Costco testing membership card scanners at several locations across Canada
By The Canadian Press on August 13th, 2024
TORONTO – Costco Wholesale is testing membership card scanners at the entrances to its stores at several locations across Canada. The retailer says it’s testing the scanners at stores in Ottawa, Edmonton, Regina and the B.C. Lower Mainland. Costco requires shoppers to pay an annual membership fee and show their membership cards when shopping at ... Read More »
Be the first to comment!Union explains conditions of Postmedia’s acquisition of SaltWire newspaper chain
By The Canadian Press on August 13th, 2024
HALIFAX – A national union that represents workers at Atlantic Canada’s largest newspaper chain says conditions demanded by Postmedia in its bid to buy the SaltWire Network are not as bad as some observers had feared. Sean Fitzpatrick, a lawyer who represents the Canadian branch of the Communications Workers of America (CWA), confirms the union ... Read More »
Be the first to comment!Rail companies start to halt certain shipments as lockout threat looms
By The Canadian Press on August 13th, 2024
MONTREAL – The country’s two main railways are starting to block shipments ahead of a possible strike or lockout next week. Canadian National Railway Co. says in an internal memo obtained by The Canadian Press that the company has begun to embargo some hazardous goods from the U.S. in anticipation of a work stoppage. CN ... Read More »
Be the first to comment!Limited cash to invest? Build positions in high-flying stocks with fractional trading
By Ritika Dubey, The Canadian Press on August 13th, 2024
When a high-flying stock seems out ofreach for investors with limited cash, fractional trading can help fulfil that dream of owning a piece of the company – one small portion at a time. Fractional trading is a great way for young people to get started in investing, said Kalee Boisvert, investment adviser at Raymond James ... Read More »
Be the first to comment!CRTC expands ability for internet providers to sell service over telecoms’ networks
By The Canadian Press on August 13th, 2024
GATINEAU, Que. – Canada’s telecommunications regulator is expanding a decision that allows smaller internet providers to use rivals’ fibre networks to offer their services to customers. The CRTC says that starting next February, large telephone companies that own fibre internet networks, such as Bell Canada and Telus Corp., must give competitors access to their networks ... Read More »
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