Business
Jasper’s fire-affected small businesses face rocky road ahead
By Amanda Stephenson, The Canadian Press on July 31st, 2024
After labouring for months to bring one of Jasper’s newest business concepts to life, the owners of The Peacock Cork & Fork never dreamed the young restaurant’s run would be so short-lived. “Rest in Peace you elegant beast. June 12 – July 20, 2024,” the Peacock’s owners wrote on social media on Saturday, just days ... Read More »
Be the first to comment!TSB to release report on ship fire and containers lost off B.C.’s coast
By The Canadian Press on July 31st, 2024
VANCOUVER – The Transportation Safety Board will release its report today on the fire and loss of more than 100 containers from a cargo ship off British Columbia’s coast. The containers fell off MV Zim Kingston in October 2021 as it sat off the west coast of Vancouver Island and a storm blew in, bringing ... Read More »
Be the first to comment!Statistics Canada to release May GDP figures, Q2 estimate today
By The Canadian Press on July 31st, 2024
OTTAWA – Statistics Canada will release its May gross domestic product report this morning. A preliminary estimate last month suggested the economy grew 0.1 per cent in May. The federal agency will also publish an estimate for economic growth in the second quarter today. RBC says it expects the data to show a weakening economy ... Read More »
Be the first to comment!Boar’s Head expands recall to include 7 million more pounds of deli meats tied to listeria outbreak
By Jonel Aleccia, The Associated Press on July 30th, 2024
The popular deli meat company Boar’s Head is recalling an additional 7 million pounds of ready-to-eat products made at a Virginia plant as an investigation into a deadly outbreak of listeria food poisoning continues, U.S. Agriculture Department officials said Tuesday. The new recall includes 71 products made between May 10 and July 29 under the ... Read More »
Be the first to comment!Tesla in Seattle-area crash that killed motorcyclist was using self-driving system, authorities say
By Tom Krisher, The Associated Press on July 30th, 2024
DETROIT (AP) – Authorities in Washington have determined that a Tesla that hit and killed a motorcyclist near Seattle in April was operating on the company’s “Full Self Driving” system at the time of the crash. Investigators from the Washington State Patrol made the discovery after downloading information from the event-data recorder on the 2022 ... Read More »
Be the first to comment!Microsoft says technical difficulties due to ‘unexpected usage spike’ resolved
By The Canadian Press on July 30th, 2024
Microsoft says the technical difficulties that plagued some customers Tuesday have been resolved. In a post on X, the company confirmed that “after extensive monitoring,” the access and performance issues affecting multiple Microsoft 365 services are now cleared. Earlier in the day, Microsoft said on its website that an unexpected usage spike resulted in two ... Read More »
1 responseB.C. First Nations claim fish farm licences infringe upon Aboriginal fishing rights
By The Canadian Press on July 30th, 2024
VANCOUVER – British Columbia’s ‘Namgis and Kwikwasut’inuxw Haxwa’mis First Nations accuse Canada’s fisheries department of being “beholden” to the salmon farming industry, as they gear up for yet another showdown in court with the federal government. The nations announced Tuesday that they are taking the federal government and two fish farm companies to court trying ... Read More »
Be the first to comment!Canadian Pacific CEO predicts rail strike in August
By Christopher Reynolds, The Canadian Press on July 30th, 2024
Operations at Canadian Pacific Kansas City Ltd. will likely grind to a halt due to a strike expected in the second half of August, says CEO Keith Creel. “We’re far apart,” he said Tuesday, referring to the railway and the union representing 3,300 workers, which remain at loggerheads over a new collective agreement. “I’m just ... Read More »
Be the first to comment!WSP reports second-quarter net income of $184 million
By The Canadian Press on July 30th, 2024
TORONTO – WSP Global Inc. says healthy market conditions helped lead to an increase in second-quarter profits while boosting its outlook. The engineering firm says its net income for the quarter ending June 29 came in at $184.1 million, up from $151.2 million for the quarter ending July 1 a year earlier. The company says ... Read More »
Be the first to comment!Spin Master reports US$24.5 million loss in second quarter, says CFO to retire
By The Canadian Press on July 30th, 2024
TORONTO – Spin Master Corp. says it lost US$24.5 million in its second quarter, down from a profit of US$28 million a year earlier. Revenues for the toy and entertainment company totalled US$412 million, down from US$420.7 million during the same quarter last year. The company says revenues increased in entertainment but were lower in ... Read More »
Be the first to comment!Intact Financial reports sharp profit rise to $758 million in Q2 as rates increase
By The Canadian Press on July 30th, 2024
TORONTO – Intact Financial Corp. says its profits rose in the second quarter as past catastrophe losses are helping drive insurance premium growth. The Toronto-based insurer says its net income for the quarter came in at $758 million, up from $260 million in the same quarter last year. The company says it earned $4.04 per ... Read More »
Be the first to comment!
