Business
Jasper fires disrupt rail service, delays expected at Port of Vancouver
By The Canadian Press on July 26th, 2024
The wildfires raging in Jasper National Park are expected to have an impact on Canada’s supply chain. Port of Vancouver spokesman Alex Munro says the port expects to see delays in the movement of goods in the coming days due to the situation in Jasper. The country’s largest rail company, Canadian National Railway Co., suspended ... Read More »
Be the first to comment!Nova Scotia generated $144M surplus last fiscal year; budget predicted $279M deficit
By The Canadian Press on July 26th, 2024
HALIFAX – Nova Scotia generated $422.5 million more in revenue last fiscal year compared to what was originally estimated in the budget. In the fiscal year ending March 31, 2024, the province earned a surplus of $143.6 million, when the government had predicted the year would end in a deficit of $278.9 million. The province’s ... Read More »
Be the first to comment!S&P/TSX composite index up over 100 points Friday morning, U.S. markets also rise
By The Canadian Press on July 26th, 2024
TORONTO – Gains in the industrial and financial sectors led Canada’s main stock index higher in late-morning trading on Friday, while U.S. stock markets also rose. The S&P/TSX composite index was up 126.79 points at 22,734.82. In New York, the Dow Jones industrial average was up 593.17 points at 40,528.24. The S&P 500 index was ... Read More »
Be the first to comment!Scotiabank technical issues disrupting salary payments
By The Canadian Press on July 26th, 2024
TORONTO – Scotiabank says some account holders aren’t receiving direct deposits and cheque deposits that include salary payments. Customers have taken to social media to complain about the issue, noting it comes on a payday near the end of the month when many bills come due. The bank says in a statement that it is ... Read More »
Be the first to comment!Federal government posts $3.9B deficit in April, May
By The Canadian Press on July 26th, 2024
OTTAWA – The federal government posted a $3.9 billion deficit in the first two months of the fiscal year. The result for the April-to-May period compared to a $1.5 billion surplus for the same stretch last year. Revenues increased $6.5 billion, or 8.9 per cent, largely due to higher tax revenues. The Finance Department says ... Read More »
Be the first to comment!Recall of Boar’s Head deli meats announced during investigation of listeria outbreak
By Mike Stobbe, The Associated Press on July 26th, 2024
NEW YORK (AP) – U.S. health officials Friday announced a recall of some Boar’s Head liverwurst and other deli meats as they investigate a listeria outbreak that has sickened nearly three dozen people and caused two deaths. Boar’s Head Provisions Co. recalled its liverwurst because it may be tainted with the listeria bacteria, the U.S. ... Read More »
Be the first to comment!Federal grand jury charges short seller Andrew Left in $16M stock manipulation scheme
By Michelle Chapman, The Associated Press on July 26th, 2024
A federal grand jury in California has charged short seller Andrew Left with multiple counts of securities fraud for a $16 million stock market manipulation scheme. The Department of Justice said in a statement on Friday that Left, who was a securities analyst, trader, and guest commentator on television channels including CNBC and Fox Business, ... Read More »
Be the first to comment!MEG Energy workers returning to oilsands site after wildfire evacuation
By The Canadian Press on July 26th, 2024
CALGARY – MEG Energy Corp. says it has started bringing workers back to its Christina Lake oilsands site after evacuating all non-essential personnel last week due to wildfires in northern Alberta. CEO Darlene Gates said on a conference call Friday that the fire drew so close to the site that at one point flames were ... Read More »
Be the first to comment!Postmedia plans to buy Atlantic Canada’s insolvent SaltWire newspaper chain
By The Canadian Press on July 26th, 2024
HALIFAX – Postmedia Network Inc. announced today plans to buy certain businesses belonging to SaltWire Network Inc. and The Halifax Herald Ltd., the two insolvent companies behind Atlantic Canada’s largest newspaper chain. Postmedia says it wants to complete the acquisition by Aug. 26, but the company stressed that the deal is subject to conditions, including ... Read More »
Be the first to comment!Veterans lobbied for psychedelic therapy, but it may not be enough to save MDMA drug application
By Matthew Perrone, The Associated Press on July 26th, 2024
NEW YORK (AP) – It was a landmark moment for the psychedelic movement: The Department of Veteran Affairs’ top doctor stood on stage, praising advocates who have spent decades promoting the healing potential of mind-altering drugs. In an unannounced appearance at a New York psychedelic conference, the VA’s Dr. Shereef Elnahal said his agency was ... Read More »
Be the first to comment!Fed’s preferred inflation gauge cools, adding to likelihood of a September rate cut
By Christopher Rugaber, The Associated Press on July 26th, 2024
WASHINGTON (AP) – The Federal Reserve’s favored inflation measure remained low last month, bolstering evidence that price pressures are steadily cooling and setting the stage for the Fed to begin cutting interest rates this fall. Prices rose just 0.1% from May to June, the Commerce Department said Friday, up from the previous month’s unchanged reading. ... Read More »
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