Business
RioCan REIT saw strong Q1 retail occupeacy levels, rent rates ticking up
By Tara Deschamps, The Canadian Press on May 11th, 2023
TORONTO – The chief executive of one of the country’s most prominent commercial landlords says retail occupancy levels and rent rates are ticking up even as many storefronts across Canada sit empty. Jonathan Gitlin of RioCan Real Estate Investment Trust says retail committed occupancy across his company’s portfolio edged up to 98 per cent in ... Read More »
Be the first to comment!RioCan REIT saw strong Q1retail occupeacy levels, rent rates ticking up
By The Canadian Press on May 11th, 2023
TORONTO – The chief executive of one of the country’s most prominent commercial landlords says retail occupancy levels and rent rates are ticking up even as many storefronts across Canada sit empty. RioCan Real Estate Investment Trust chief executive Jonathan Gitlin said retail committed occupancy across his company’s portfolio edged up to 98 per cent ... Read More »
Be the first to comment!Weekly US jobless claims highest since 2021, but companies avoid risk of being caught short-handed
By Matt Ott, The Associated Press on May 11th, 2023
The number of Americans filing for unemployment benefits last week rose to its highest level in a year-and-a-half, though jobs remain plentiful by historical standards even as companies cut costs as the economy slows. Applications for jobless aid for the week ending May 6 rose by 22,000 to 264,000, the Labor Department said Thursday. That’s ... Read More »
Be the first to comment!Summer on a shoestring budget: Tips for surviving summer break as camp costs rise
By Brett Bundale, The Canadian Press on May 11th, 2023
Kelly Ho knows the importance of planning ahead – it’s literally in her job description. But this year, as summer camp registration opened up, the financial planner and mom of two was travelling for work. By the time she returned to her Vancouver home, all the most affordable camps for her six and eight-year-olds were ... Read More »
Be the first to comment!‘Chaotic’ down south, concern up north as U.S. ends COVID border, immigration rules
By The Canadian Press on May 11th, 2023
WASHINGTON – It’s a tale of two borders today as the U.S. braces for the end of its COVID-19 restrictions: chaos in the Rio Grande Valley and concern along the 49th parallel. President Joe Biden says it will be “chaotic for a while” at the U.S.-Mexico border once the public health measure known as Title ... Read More »
Be the first to comment!S&P/TSX composite posts triple-digit decline, U.S. stock markets also lower
By The Canadian Press on May 11th, 2023
TORONTO – Canada’s main stock index posted a triple-digit decline as losses in the base metals sector helped lead stocks lower, while U.S. stock markets were also lower in late-morning trading. The S&P/TSX composite index was down 126.34 points at 20,372.97. In New York, the Dow Jones industrial average was down 271.31 points at 33,260.02. ... Read More »
Be the first to comment!Tesla shouldn’t call driving system Autopilot because humans are still in control, Buttigieg says
By Tom Krisher And Hilary Powell, The Associated Press on May 11th, 2023
WASHINGTON (AP) – Tesla shouldn’t be calling its partially automated driving system Autopilot because the cars can’t drive themselves, the top U.S. transportation official says. Transportation Secretary Pete Buttigieg says he’s concerned about Tesla’s marketing of the system, which is under investigation by his department in connection with crashes that have caused at least 14 ... Read More »
Be the first to comment!Crosspoint signs deal to buy Absolute Software for US$657 million
By The Canadian Press on May 11th, 2023
VANCOUVER – Absolute Software Corp. has signed a deal to be acquired by Crosspoint Capital Partners for US$657 million. Under the agreement, shareholders of the Vancouver-based security software company will receive US$11.50 per share in cash. Absolute shares were up US$2.79 at US$11.37 in trading on the Nasdaq market. Including debt, the enterprise value of ... Read More »
Be the first to comment!In major climate step, EPA proposes 1st limits on greenhouse gas emissions from power plants
By Matthew Daly, The Associated Press on May 11th, 2023
WASHINGTON (AP) – The Biden administration proposed new limits Thursday on greenhouse gas emissions from coal- and gas-fired power plants, its most ambitious effort yet to roll back planet-warming pollution from the nation’s second-largest contributor to climate change. A rule unveiled by the Environmental Protection Agency could force power plants to capture smokestack emissions using ... Read More »
Be the first to comment!Ukraine says its counteroffensive now delayed; Britain says it’s sent cruise missiles to Kyiv
By Susie Blann And Jill Lawless, The Associated Press on May 11th, 2023
KYIV, Ukraine (AP) – President Volodymyr Zelenskyy said in remarks broadcast Thursday that Kyiv is delaying its long-awaited counteroffensive against Russia’s occupying forces, saying that while such a campaign would succeed, too many Ukrainian lives would be lost. His remarks, in an interview with European broadcasters, came shortly before Britain said it has sent air-launched ... Read More »
Be the first to comment!WSP Global doubles down on green-tinted expansion
By The Canadian Press on May 11th, 2023
MONTREAL – WSP Global is continuing its years-long expansion, acquiring companies and securing contracts this year with an eye to the growing market for green projects. The engineering firm says it completed three more acquisitions in Australia, Switzerland and Quebec since late January, adding 900-plus employees to the payroll. CEO Alexandre L’Heureux says a fourth ... Read More »
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