Business
Bell Media president Sean Cohan says layoffs were necessary to reach company’s goals
By Alex Nino Gheciu, The Canadian Press on April 2nd, 2024
TORONTO – Bell Media president Sean Cohan says recent layoffs and programming cuts are something he doesn’t take lightly, but were necessary to accelerate the company’s goals in the digital media landscape. On Tuesday, Cohan made his first public appearance since stepping into the executive role by speaking at the inaugural Black Screen Office Symposium ... Read More »
Be the first to comment!S&P/TSX composite down more than 100 points Tuesday, U.S. stock markets also fall
By The Canadian Press on April 2nd, 2024
TORONTO – Canada’s main stock index declined more than 100 points on Tuesday as losses in financial, industrial and telecom stocks outweighed strength in energy and base metals, while U.S. stock markets also fell. The S&P/TSX composite index closed down 110.15 points at 22,075.10. In New York, the Dow Jones industrial average was down 396.61 ... Read More »
Be the first to comment!Browsing in incognito mode doesn’t protect you as much as you might think
By The Associated Press on April 2nd, 2024
NEW YORK (AP) – Although a private browsing mode known as “Incognito” in Google’s widely used Chrome browser has been available for nearly a decade, a legal settlement involving the way it works has cast new attention on this commonly available setting. The settlement disclosed Monday in a federal court is primarily designed to ensure ... Read More »
Be the first to comment!Tesla sales tumble nearly 9%, most in 4 years, as competition heats up and demand for EVs slows
By Tom Krisher, The Associated Press on April 2nd, 2024
DETROIT (AP) – Tesla sales fell sharply last quarter as competition increased worldwide, electric vehicle sales growth slowed, and price cuts failed to lure more buyers. The Austin, Texas, company said Tuesday that it delivered 386,810 vehicles worldwide from January through March, almost 9% below the 423,000 it sold in the same quarter of last ... Read More »
Be the first to comment!Border authorities looking to hike Nexus application fee to US$120 from US$50
By The Canadian Press on April 2nd, 2024
OTTAWA – Travellers looking to fast-track it across the border by signing up for Nexus could pay more than twice the current price to apply after September. Starting Oct. 1, Canadian authorities say applicants to the program, which allows pre-approved travellers to cross between Canada and the United States more quickly,might have tofork over US$120 ... Read More »
Be the first to comment!WestJet Encore pilots vote for strike mandate, adding to airline’s turbulence
By The Canadian Press on April 2nd, 2024
CALGARY – WestJet Encore pilots could go on strike as soon as April 17 after they approved a strike mandate Tuesday. The Air Line Pilots Association says aviators at WestJet’s regional carrier voted 97 per cent in favour of strike authorization after contract talks around pay and career progression came to a “near standstill.” The ... Read More »
Be the first to comment!Poilievre requests Trudeau call meeting with premiers opposing federal carbon price
By The Canadian Press on April 2nd, 2024
OTTAWA – Conservative Leader Pierre Poilievre is requesting that Prime Minister Justin Trudeau convene an emergency meeting with the country’s premiers to discuss the federal carbon price. Poilievre circulated the letter today on social media following the $15-per-tonne increase to the consumer carbon price that kicked in on Monday. He has spent the past month ... Read More »
Be the first to comment!BMO Capital Markets cuts price targets on shares for Canada’s big telecom players
By The Canadian Press on April 2nd, 2024
TORONTO – Shares of some of Canada’s big telecommunications companies fell as BMO Capital Markets cut its share price targets for several names in the sector. The firm also lowered its ratings on both BCE Inc. and Quebecor Inc. to market perform from outperform on a slower growth outlook based on competitive pressures. The move ... Read More »
Be the first to comment!Grocery code of conduct won’t drive prices higher, Sobeys chief executive says
By Rosa Saba, The Canadian Press on April 2nd, 2024
TORONTO – Empire Co. Ltd. chief executive Michael Medline said there’s no evidence that a grocery code of conduct would raise food prices for Canadians. The president and CEO of Sobeys’ parent company made the comment at a Retail Council of Canada event in Toronto on Tuesday. Medline, who was the first retailer to speak ... Read More »
Be the first to comment!McDonald’s Canada launches new menu of customer hacks, new Lil Yachty jingle
By Tara Deschamps, The Canadian Press on April 2nd, 2024
Canadians who have combined their favourite McDonald’s dishes will soon get to see some of their creations hit the fast-food chain’s official menu – a phenomenon growing in popularity across the quick-serve industry. The golden arches announced its new Remix line on Tuesday, marketing a trio of limited-time sandwiches and a reimagined McFlurry with versions ... Read More »
Be the first to comment!US job openings rise modestly to 8.8 million in February in strong labor market
By Paul Wiseman, The Associated Press on April 2nd, 2024
WASHINGTON (AP) – U.S. job openings barely changed in February, staying at historically high levels in a sign that the American job market remains strong. The Labor Department reported Tuesday that employers posted 8.76 million job vacancies in February, up modestly from 8.75 million in January and about what economists had forecast. But the Job ... Read More »
Be the first to comment!
