Business
Bank of Canada cuts key interest rate by quarter percentage point to 4.5%
By The Canadian Press on July 24th, 2024
OTTAWA – The Bank of Canada delivered a widely expected interest rate cut today, marking the second consecutive time it has lowered its policy rate. The central bank’s quarter-percentage-point cut brings its policy rate down to 4.5 per cent. The Bank of Canada says the decision was motivated by continued progress on getting inflation down ... Read More »
Be the first to comment!Province to provide Toronto up to $73M to accelerate Gardiner Expressway construction
By The Canadian Press on July 24th, 2024
TORONTO – The Ontario government has announced it will help the City of Toronto accelerate repairs to the Gardiner Expressway by at least one year by providing up to $73 million in funding. The acceleration moves up the construction timeline for the busy highway from April 2027 to at least April 2026, on the condition ... Read More »
Be the first to comment!Rogers Communications’ Q2 profit up amid lower restructuring costs from Shaw merger
By The Canadian Press on July 24th, 2024
TORONTO – Rogers Communications Inc. reported its second-quarter profit rose to $394 million from $109 million a year ago, in part due to lower restructuring and acquisition costs related to its purchase of Shaw Communications last year. The company says the profit amounted to 73 cents per diluted share for the quarter ended June 30, ... Read More »
Be the first to comment!Teck Resources reports second-quarter profit down from year ago
By The Canadian Press on July 24th, 2024
VANCOUVER – Teck Resources Ltd. reported its second-quarter profit fell compared with a year agodue in part to its reduced ownership insteelmaking coal business Elk Valley Resources, along with lower steelmaking coal prices. The Vancouver-based mining company says it earned a profit attributable to shareholders of $363-million or 70 cents per diluted share for the ... Read More »
Be the first to comment!Plane crashes just after takeoff from Nepal’s capital, killing 18 people. Pilot is lone survivor
By Binaj Gurubacharya, The Associated Press on July 24th, 2024
KATHMANDU, Nepal (AP) – A plane crashed Wednesday just after taking off from Nepal’s capital, killing 18 people and injuring a pilot who was the lone survivor. Police official Basanta Rajauri said authorities have pulled out all 18 bodies. The pilot has injuries to his eyes but his life is not in any danger, said ... Read More »
Be the first to comment!Plane crashes at airport in Nepal’s capital just after takeoff, killing 18 people and injuring pilot
By Binaj Gurubacharya, The Associated Press on July 24th, 2024
KATHMANDU, Nepal (AP) – A domestic plane crashed Wednesday just after taking off from the airport serving Nepal’s capital, killing 18 people and injuring a pilot who was the lone survivor. Police official Basanta Rajauri said authorities have pulled out all 18 bodies. The only survivor was the pilot, who was taken to Kathmandu Medical ... Read More »
Be the first to comment!Privacy commissioner probing customers’ claims they can’t delete PC Optimum accounts
By The Canadian Press on July 24th, 2024
GATINEAU, Que. – The Office of the Privacy Commissioner of Canada says it’s opened an investigation into allegations that some Loblaw customers have been unable to delete their PC Optimum accounts. Spokesman Vito Pilieci said in an email that the office has received several such complaints. He said the office can’t comment further due to ... Read More »
Be the first to comment!Bank of Canada expected to deliver second consecutive rate cut today
By The Canadian Press on July 24th, 2024
OTTAWA – The Bank of Canada is set to announce its interest rate decision this morning as economists widely expect a rate cut. Forecasters say slowing inflation and a weak economy justify a second consecutive cut by the central bank. After a historic run-up, the central bank lowered its policy rate for the first time ... Read More »
Be the first to comment!A plane slips off the runway and crashes in Nepal, killing 18 passengers and injuring the pilot
By Binaj Gurubacharya, The Associated Press on July 24th, 2024
KATHMANDU, Nepal (AP) – A domestic plane slipped off the runway and crashed Wednesday while trying to take off from the airport serving Nepal’s capital, killing the 18 passengers and injuring the pilot. Police official Basanta Rajauri said authorities have pulled out all 18 bodies. The only survivor was the pilot, who was taken to ... Read More »
Be the first to comment!A plane carrying 19 people slips off the runway and crashes in Nepal, and the pilot survives
By Binaj Gurubacharya, The Associated Press on July 24th, 2024
KATHMANDU, Nepal (AP) – A domestic plane with 19 people on board slipped off the runway and crashed Wednesday while trying to take off from the airport serving Nepal’s capital. The pilot of the plane survived the crash and has been taken to to the Kathmandu Medical College Hospital for treatment, said a doctor at ... Read More »
Be the first to comment!A plane with 19 people on board slips off the runway and crashes at Nepal airport
By The Associated Press on July 24th, 2024
KATHMANDU, Nepal (AP) – State television in Nepal says a plane with 19 people on board slipped off the runway and crashed Wednesday while trying to take off from Kathmandu airport. The plane belongs to the domestic Saurya airline and was en route to the resort town of Pokhara... Read More »
Be the first to comment!
