Business
Canadians should be prepared for more wildfires and hurricanes: Environment Canada
By The Canadian Press on August 12th, 2024
OTTAWA – Human-caused climate change is making heat waves much more likely, the federal government says, bringing extreme weather from fires to storms. That’s according to Environment and Climate Change Canada’s rapid extreme weather event attribution system, which compares today’s climate to a pre-industrial one. Natural Resources Minister Jonathan Wilkinson says there will be more ... Read More »
Be the first to comment!Scotiabank adds to U.S. exposure with US$2.8B deal for KeyCorp stake
By Ian Bickis, The Canadian Press on August 12th, 2024
TORONTO – Scotiabank has signed a deal to buy a minority stake in U.S. bank KeyCorp as it works to focus on the North American market. The Canadian bank said Monday it will pay a total of about US$2.8 billion for a 14.9 per cent stake in the company in two stages. The deal significantly ... Read More »
Be the first to comment!Stock market today: Wall Street holds relatively steady ahead of big tests coming later in the week
By Stan Choe, The Associated Press on August 12th, 2024
NEW YORK (AP) – Wall Street is closing mixed after drifting through a quiet day of trading, as markets around the world stabilize following a wild week. The S&P 500 was little changed Monday. The Dow Jones Industrial Average fell 0.4%, and the Nasdaq composite gained 0.2%. The majority of U.S. stocks fell, but a ... Read More »
Be the first to comment!Third person dies in Listeria outbreak linked to plant-based milks
By Nicole Ireland, The Canadian Press on August 12th, 2024
TORONTO – The Public Health Agency of Canada says a third person has died in a Listeria outbreak connected to Great Value and Silk plant-based milks. The agency says there are now 20 confirmed cases of listeriosis in Ontario, Quebec, Nova Scotia and Alberta. The Ontario ministry of health previously confirmed the first two deaths ... Read More »
Be the first to comment!B.C. Securities Commission finds $13M in fraud by crypto trading platform
By The Canadian Press on August 12th, 2024
VANCOUVER – A panel of the British Columbia Securities Commission has found a cryptocurrency trading platform and its owner lied to customers and diverted about $13 million in assets to gambling and personal accounts. The commission says the company operating under the name ezBtc and incorporated by then-B.C. resident David Smillie told customers their bitcoins ... Read More »
Be the first to comment!Bird on a wire: New Brunswick Power blames ospreys for outages on sunny days
By Hina Alam, The Canadian Press on August 12th, 2024
FREDERICTON – The skies can be clear and the winds light when suddenly the power goes out in New Brunswick homes and businesses. At a rate-increase hearing last month, a utility official pointed a finger at unexpected culprits for these “blue sky” outages: soaring raptors and bushy-tailed squirrels. Phil Landry, executive director of the project ... Read More »
Be the first to comment!Ottawa provides $6.7 million for Nova Scotia organizations helping homeless veterans
By The Canadian Press on August 12th, 2024
HALIFAX – The federal government is providing $6.7 million to two programs that assist homeless veterans in Nova Scotia. One group, Veterans Emergency Transition Services Canada (VETS Canada), is getting $5.2 million to help veterans experiencing homelessness or who are at risk of being homeless. The organization offers rental supplements and case management services for ... Read More »
Be the first to comment!Tourmaline signs $1.3-billion deal to buy Crew Energy
By Amanda Stephenson, The Canadian Press on August 12th, 2024
CALGARY – Tourmaline Oil Corp. continues to snap up natural gas assets, this time with a $1.3-billion deal that will see it acquire Montney-focused natural gas producer Crew Energy Inc. Tourmaline – headed by CEO Mike Rose – has been undergoing a years-long aggressive exploration, development, production and acquisition program that has helped it cement ... Read More »
Be the first to comment!Goodyear spending $575M to expand Ontario plant, produce EV tires
By The Canadian Press on August 12th, 2024
NAPANEE, Ont. – Goodyear Canada is planning to spend more than $575 million to expand and modernize an eastern Ontario plant to produce electric vehicle and all-terrain tires and make its processes more energy efficient. Prime Minister Justin Trudeau and Premier Doug Ford were on hand for an announcement Monday at the factory in Napanee, ... Read More »
Be the first to comment!Affordable housing groups aiming to raise $110 million through community bonds
By The Canadian Press on August 12th, 2024
TORONTO – Tapestry Community Capital says housing groups across Canada are aiming to raise $110 million through community bonds to secure affordable living options. It says at least 11 charitable, non-profit, and co-operative housing providers will be using the funding model to create or preserve more than 3,000 housing units. Community bonds pay out interest ... Read More »
Be the first to comment!What is the bargaining impasse between railways and workers actually about?
By The Canadian Press on August 12th, 2024
MONTREAL – The country’s two main railways remain at loggerheads with their workers over scheduling, safety or salaries – depending on who you ask – as the clock ticks down on contract negotiations. On Friday, Canadian National Railway Co. and Canadian Pacific Kansas City Ltd. warned they will lock out employees on Aug. 22 unless ... Read More »
Be the first to comment!
