Business
Cannabis retailer Tokyo Smoke to close 29 stores amid creditor protection proceedings
By The Canadian Press on August 28th, 2024
TORONTO – Cannabis retailer Tokyo Smoke says it will be shuttering 29 of its stores as it seeks creditor protection. The closures are part of a restructuring the brand is carrying out under the Companies’ Creditors Arrangement Act. Tokyo Smoke says the moves are meant to better align its operations with the current cannabis market ... Read More »
Be the first to comment!Calgary airport says hail damage repairs to take at least 18 months
By The Canadian Press on August 28th, 2024
CALGARY – The Calgary Airport Authority says it will take at least a year and a half to fix part of its domestic terminal that was hammered by hail earlier this month. It says Concourse B will be closed while restoration work is done. The airport authority says it doesn’t know how much the repairs ... Read More »
Be the first to comment!S&P/TSX composite down, U.S. stock markets also fall ahead of Nvidia earnings
By The Canadian Press on August 28th, 2024
TORONTO – Canada’s main stock index fell on Wednesday, led by technology and base metals, while U.S. markets were also down ahead of a much-anticipated earnings report from Nvidia. The S&P/TSX composite index closed down 132.98 points at 23,126.98. In New York, the Dow Jones industrial average was down 159.08 points at 41,091.42. The S&P ... Read More »
Be the first to comment!French authorities issue preliminary charges against Telegram messaging app CEO
By The Associated Press on August 28th, 2024
PARIS (AP) – French authorities handed Telegram CEO Pavel Durov preliminary charges Wednesday for allowing alleged criminal activity on his messaging app, and barred him from leaving France pending further investigation. Durov was detained on Saturday at Le Bourget airport outside Paris as part of a sweeping judicial inquiry opened last month, and released earlier ... Read More »
Be the first to comment!Railroad BNSF stresses safety but is still held back by longstanding industry issues, report finds
By Josh Funk, The Associated Press on August 28th, 2024
Freight railroad BNSF is generally striving to improve safety on a consistent basis, but that message doesn’t always reach front-line workers who often don’t feel comfortable reporting safety concerns for fear of being disciplined, according to an assessment released Wednesday by regulators. The Federal Railroad Administration’s review of BNSF’s safety culture also found that the ... Read More »
Be the first to comment!Rogers deal to shift Discovery Science, OWN, Animal Planet channels to streaming, on demand
By Alex Nino Gheciu, The Canadian Press on August 28th, 2024
TORONTO – Bell’s specialty channels Cooking, OWN, Discovery Science, Motor Trend and Animal Planet will shift to streaming and on demand only when the services switch to Rogers next year. Rogers Communications Inc. says the newly acquired lifestyle brands will be offered on demand and via the streaming service Citytv Plus but will disappear as ... Read More »
Be the first to comment!Supreme Court rebuffs Biden administration plea to restore multibillion-dollar student debt plan
By The Associated Press on August 28th, 2024
WASHINGTON (AP) – The Supreme Court on Wednesday kept on hold the latest multibillion-dollar student debt relief plan from the Biden administration, while multiple lawsuits make their way through lower courts. The justices rejected an administration request to put most of it back into effect. It was blocked by 8th U.S. Circuit Court of Appeals. ... Read More »
Be the first to comment!Rogers deal to shift Cooking, OWN, Discovery, Animal Planet channels to streaming
By Alex Nino Gheciu, The Canadian Press on August 28th, 2024
TORONTO – Bell’s specialty channels Cooking, OWN, Discovery Science, Motor Trend and Animal Planet will shift to streaming only when the services switch to Rogers next year. Rogers Communications Inc. says the newly acquired lifestyle brands will be offered on demand and via the streaming service Citytv Plus but will disappear from linear cable packages. ... Read More »
Be the first to comment!RBC, National Bank shares hit record highs on strong earnings
By Ian Bickis, The Canadian Press on August 28th, 2024
TORONTO – Shares of Royal Bank of Canada and National Bank hit all-time highs on Wednesday as the two banks reported earnings that topped expectations. Both banks reported notable revenue growth despite the economic headwinds that helped push profits higher, while RBC also reported much lower-than-expected loan loss provisions. RBC reported a third-quarter profit of ... Read More »
Be the first to comment!Canada Post at ‘critical juncture,’ financial situation unsustainable: board chair
By The Canadian Press on August 28th, 2024
OTTAWA – The chair of Canada Post’s board says the organization’s financial situation is unsustainable. André Hudon says Canada Post is at a “critical juncture” and significant change is urgently needed to preserve its delivery network. Hudon said the surge in online shopping during the COVID-19 pandemic reshaped the parcel delivery market, and Canada Post ... Read More »
Be the first to comment!No conflict in handling of B.C. zero-emission grants, says auditor general
By The Canadian Press on August 28th, 2024
VICTORIA – British Columbia’s auditor general says his office has found no evidence of a conflict of interest in the handling of provincial grants for the zero-emission vehicle sector, after an accusation by a truck maker earlier this year. Michael Pickup says in a statement the investigation looked into accounting firm MNP’s handling of Advanced ... Read More »
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