Business
People should stay inside, filter indoor air amid wildfire smoke, respirologist says
By Nicole Ireland, The Canadian Press on July 26th, 2024
A Calgary respirologist is advising people to regularly check the outdoor air quality and stay inside as smoke from the Jasper wildfires blows into other parts of Alberta and possibly beyond. Dr. Alex Chee says if the air quality is poor, people should close their windows and do what they can to filter the indoor ... Read More »
Be the first to comment!Flyers, price-matching, local stores: How Canadians’ grocery habits have changed
By Rosa Saba, The Canadian Press on July 26th, 2024
Whether they’re shopping at multiple stores, flipping through flyers or seeking out independent grocers, many Canadians say theyhave changed their grocery shopping habits in recent years as a response to high inflation and, for some, growing distrust of large chains. “We’ve really cut back on impulse buys. And we’ve really taken to, let’s not have ... Read More »
Be the first to comment!Sri Lanka will hold presidential election on Sept. 21, its first since declaring bankruptcy in 2022
By Bharatha Mallawarachi, The Associated Press on July 25th, 2024
COLOMBO, Sri Lanka (AP) – Sri Lanka will hold a presidential election on Sept. 21 that will likely be a test of confidence in President Ranil Wickremesinghe’s efforts to resolve the country’s worst economic crisis. The date was announced in a decree the independent elections commission released Friday. It also said nominations will be accepted ... Read More »
Be the first to comment!Jobs cut as HBC establishes Saks Global after Neiman Marcus acquisition
By The Canadian Press on July 25th, 2024
TORONTO – Jobs are being cut as Hudson’s Bay Co. spins out some of its brands into a new entity called Saks Global. A Saks Global spokesperson says operational functions from across the businesses are being brought under one leadership team. The spokesperson did not say how many people would be affected by the layoffs. ... Read More »
Be the first to comment!‘Embarrassing’: Yukon premier blasts Bell over service issues
By The Canadian Press on July 25th, 2024
WHITEHORSE – Yukon Premier Ranj Pillai says Bell should be embarrassed by the terrible cellphone service the territory has been getting over the last several months. In a letter to Bell Canada CEO Mirko Bibic, Pillai says Yukoners have experienced frequent dropped calls and poor coverage even while downtown in the capital of Whitehorse. Pillai ... Read More »
Be the first to comment!MEG Energy sees earnings rise in second quarter, announces dividend
By The Canadian Press on July 25th, 2024
CALGARY – MEG Energy announced a quarterly dividend of 10 cents per share as it reported higher earnings, saying a successful start-up of the Trans Mountain expansion has helped generate better prices for their oil. The Calgary-basedoilsands company says it earned $234 million in its second quarter, up from $217 million a year earlier. Revenues ... Read More »
Be the first to comment!TFI International reports lower profit, higher revenue in second quarter
By The Canadian Press on July 25th, 2024
MONTREAL – TFI International Inc. says it earned US$117.8 million in the second quarter, down from US$128.2 million a year earlier. The Montreal-based transportation and logistics company says revenues were US$2.26 billion, up from US$1.79 billion during the same quarter last year. Earnings per diluted share were US$1.38, down from $1.47 last year. President and ... Read More »
Be the first to comment!Bombardier maintains annual guidance in Q2 results despite strike delays
By The Canadian Press on July 25th, 2024
MONTREAL – Bombardier Inc. is playing catch-up after a strike in early July but doesn’t expect the 11 days of lost production to affect its annual guidance, the manufacturer said. “Negotiations are getting more complex and frankly harder,” chief executive Éric Martel said Thursday on an analyst call after releasing second-quarter results. “We came to ... Read More »
Be the first to comment!Rail, phone, power services affected by Jasper wildfire
By Amanda Stephenson, The Canadian Press on July 25th, 2024
Critical infrastructure has been affected by the wildfires that have raged through Jasper National Park, Alta., and into the picturesque townsite itself. Telus Corp. confirmed Thursday that some of its infrastructure in the Jasper area was damaged Wednesday in the blaze. Telus spokeswoman Brandi Merker said some home phone and mobility services in the area ... Read More »
Be the first to comment!S&P/TSX composite index moves lower Thursday, U.S. markets mixed
By The Canadian Press on July 25th, 2024
TORONTO – Canada’s main stock index ticked lower Thursday, weighed down by losses in the industrial sector, while U.S. marketswere mixed The S&P/TSX composite index closed down 31.54 points at 22,608.03. In New York, the Dow Jones industrial average was up 81.20 points at 39,935.07. The S&P 500 index was down 27.91 points at 5,399.22,while ... Read More »
Be the first to comment!Stock market today: The smallest stocks rally, but losses for Big Tech pull Nasdaq and S&P 500 lower
By Stan Choe, The Associated Press on July 25th, 2024
NEW YORK (AP) – Wall Street’s split widened, as smaller stocks and other formerly unloved areas of the market rose up while superstar Big Tech stocks gave back more of their huge gains. Most stocks climbed Thursday after a surprisingly strong report on the U.S. economy raised hopes for profits at smaller companies. Continued weakness ... Read More »
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