Business
Canadian Pacific girds for potential rail strike next month
By Christopher Reynolds, The Canadian Press on April 24th, 2024
Canadian Pacific Kansas City Ltd. is preparing for the possibility of a strike by some 3,300 workers next month. “The way I see it, the positions have not changed a lot,” chief executive Keith Creel told analysts on a conference call Wednesday. “Obviously hope for the best, but you have to make sure you plan ... Read More »
Be the first to comment!First Quantum preparing for post-election talks in Panama
By The Canadian Press on April 24th, 2024
TORONTO – First Quantum chief executive Tristan Pascall says the company is focused on listening, while also moving forward with arbitration, as election day approaches in Panama. He declined on an earnings call to speculate on the outcome of the May 5 vote, saying the company is prepared to work with whichever party is elected ... Read More »
Be the first to comment!Ex-SNC executive sentenced to prison term in bridge bribery case
By The Canadian Press on April 24th, 2024
OTTAWA – The RCMP says a former SNC-Lavalin executive has been sentenced to three and a half years in prison in connection with a bribery scheme for a bridge repair contract in Montreal. Police say Normand Morin, once a high-ranking vice-president at the engineering firm, received the sentence Tuesday after his conviction for corruption and ... Read More »
Be the first to comment!S&P/TSX composite down nearly 150 points, U.S. stock markets mixed
By The Canadian Press on April 24th, 2024
TORONTO – Canada’s main stock index was down nearly 150 points in late-morning trading, weighed down by losses in the industrial and telecommunication stocks. The S&P/TSX composite index was down 146.74 points at 21,864.98. In New York, the Dow Jones industrial average was down 153.96 points at 38,349.73. The S&P 500 index was down 12.16 ... Read More »
Be the first to comment!Metro expanding loyalty program amid a ‘transition year’ for the grocery company
By Rosa Saba, The Canadian Press on April 24th, 2024
MONTREAL – Metro Inc. is preparing to expand its Moi Rewards program across its Ontario grocery stores later this year after launching last May and garnering more than 2.5 million active members in Quebec. The launch is one of several big changes at the grocer in what president and CEO Eric La Flèche calls a ... Read More »
Be the first to comment!Feds need ‘nuanced’ approach to ensure public sector doesn’t lose tech talent: Anand
By The Canadian Press on April 24th, 2024
TORONTO – Treasury Board President Anita Anand says Canada has to take a “nuanced” approach to shrinking its public service in order to protect some of its tech worker ranks. Anand says she does not want to see the number of cyber or procurement experts decrease in an era when their skills are crucial. The ... Read More »
Be the first to comment!The Biden administration is tweaking rules on airline fees and refunds, saying it’ll help consumers
By David Koenig, The Associated Press on April 24th, 2024
The Biden administration issued final rules Wednesday to require airlines to automatically issue cash refunds for things like delayed flights and to better disclose fees for baggage or canceling a reservation. The Transportation Department said airlines will be required to provide automatic cash refunds within a few days for canceled flights and “significant” delays. Under ... Read More »
Be the first to comment!The summer after Barbenheimer and the strikes, Hollywood charts a new course
By Lindsey Bahr, The Associated Press on April 24th, 2024
” Barbenheimer “ is a hard act to follow. But as Hollywood enters another summer movie season, armed with fewer superheroes and a landscape vastly altered by the strikes, it’s worth remembering the classic William Goldman quote about what works: “Nobody knows anything.” Four decades later, that still may be true. Yet one thing Hollywood ... Read More »
Be the first to comment!What a TikTok ban in the US could mean for you
By The Associated Press on April 24th, 2024
No, TikTok will not suddenly disappear from your phone. Nor will you go to jail if you continue using it after it is banned. After years of attempts to ban the Chinese-owned app, including by former President Donald Trump, a measure to outlaw the popular video-sharing app has won congressional approval and is on its ... Read More »
Be the first to comment!Canadian Pacific Kansas City reports Q1 profit down from year ago
By The Canadian Press on April 24th, 2024
CALGARY – Canadian Pacific Kansas City reported its first-quarter profit fell compared with a year ago. The railway says it earned net income attributable to controlling shareholders of $775 million or 83 cents per diluted share for the quarter ended March 31. That is down from a profit of $800 million or 86 cents per ... Read More »
Be the first to comment!Boeing posts a $355 million loss as the plane maker tries to dig out from under its latest crisis
By David Koenig, The Associated Press on April 24th, 2024
Boeing said Wednesday that it lost $355 million on falling revenue in the first quarter, another sign of the crisis gripping the aircraft manufacturer as it faces increasing scrutiny over the safety of its planes and accusations of shoddy work from a growing number of whistleblowers. CEO David Calhoun said the company is in “a ... Read More »
Be the first to comment!
