Business
Insurance claim tally for last year’s floods, wildfires in Nova Scotia: $490 million
By The Canadian Press on July 25th, 2024
HALIFAX – The Insurance Bureau of Canada says the devastating wildfires and deadly flooding that plagued Nova Scotia last year have resulted in $490 million in insured losses. The damage estimate is included in a new report that says some claims have yet to be resolved. In May and June of last year, two major ... Read More »
Be the first to comment!Loblaw boycott had ‘minor’ impact as company says lawsuit settlement hit profits
By Rosa Saba, The Canadian Press on July 25th, 2024
Loblaw said a boycott of its stores during its latest quarter had a minimal impact, as the company attributed lower profits to a settlement over an alleged bread price-fixing scheme. “The overall financial impact was minor,” president and CEO Per Bank said of the boycott on a conference call with analysts to discuss the company’s ... Read More »
Be the first to comment!Telus phone, mobility services affected by Jasper wildfire
By The Canadian Press on July 25th, 2024
Telus Corp. says its local infrastructure in the area of Jasper, Alta., was damaged Wednesday as wildfire raged through the national park and into the picturesque townsite itself. Telus says some home phone and mobility services in the area are down, and technicians are working hard to restore service. Priority is being given to restoring ... Read More »
Be the first to comment!Vast majority of Greater Toronto new condo investors losing money every month: report
By The Canadian Press on July 25th, 2024
TORONTO – A new report says Canada’s largest condo market is facing its biggest test in decades as the number of investors losing money every month, and the amount they’re losing, has ballooned. The report by CIBC and Urbanation says rising costs have left 82 per cent of new condo investors with a mortgage as ... Read More »
Be the first to comment!Norad says it has intercepted Chinese, Russian aircraft near Alaskan airspace
By The Canadian Press on July 25th, 2024
OTTAWA – Norad says Canadian and American fighter jets have intercepted a group of Russian and Chinese planes flying near Alaska. The North American Aerospace Defence Command says the planes were detected and tracked on Wednesday. The planes stayed in international airspace and their activity is not seen as a threat. U.S. officials say it’s ... Read More »
Be the first to comment!North Korean charged in ransomware attacks on American hospitals
By Nick Ingram And Michael Goldberg, The Associated Press on July 25th, 2024
KANSAS CITY, Kan. (AP) – A man who officials say worked for one of North Korea’s military intelligence agencies has been indicted for his alleged involvement in a conspiracy to hack American health care providers, federal prosecutors announced Thursday. A grand jury in Kansas City, Kansas indicted Rim Jong Hyok, who is accused of laundering ... Read More »
Be the first to comment!Alleged North Korean hacker indicted for cyber attacks on American hospitals
By The Associated Press on July 25th, 2024
A man who officials say worked for one of North Korea’s military intelligence agencies has been indicted for his alleged involvement in a conspiracy to hack American health care providers, federal prosecutors announced Thursday. A grand jury in Kansas City, Kansas indicted Rim Jong Hyok, who is accused of laundering ransom money and using the ... Read More »
Be the first to comment!S&P/TSX composite index moves lower Thursday morning, U.S. markets rise
By The Canadian Press on July 25th, 2024
TORONTO – Losses in the mining sector led Canada’s main stock index lower in late-morning trading on Thursday, while U.S. stock markets rose. The S&P/TSX composite index was down 35.90 points at 22,603.67. In New York, the Dow Jones industrial average was up 327.97 points at 40,181.84. The S&P 500 index was up 35.41 points ... Read More »
Be the first to comment!Demi Moore, Paul Rudd oddities join TIFF’s Midnight Madness lineup
By David Friend, The Canadian Press on July 25th, 2024
TORONTO – A body horror flick led by Demi Moore and a dark comedy starring Paul Rudd and Tim Robinson are among the films bound for Midnight Madness at the Toronto International Film Festival. This year’s lineup of 10 unusual Hollywood star turns and obscure oddities will open with the North American premiere of Coralie ... Read More »
Be the first to comment!Loblaw’s second-quarter profit down after agreeing to settle price-fixing lawsuit
By The Canadian Press on July 25th, 2024
BRAMPTON, Ont. – Grocery and drugstore retailer Loblaw Cos. Ltd. reported its second-quarter profit decreased compared with a year ago. The parent company of Loblaws and Shoppers Drug Mart says it earned a profit available to common shareholders of $457 million or $1.48 per diluted share for the quarter ended June 15. The result was ... Read More »
Be the first to comment!Dry cleaning bills also cleaning out your wallet? Experts give advice on how to save
By Tara Deschamps, The Canadian Press on July 25th, 2024
TORONTO – When Kristy Wieber opened a Toronto dress rental company, she quickly learned her business had an unexpected pain point: dry cleaning. Constantly laundering pricey dresses that Rent Frock Repeat lent to its customers meant putting a lot of trust in dry cleaners, which melted the beads of at least one outfit and used ... Read More »
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