Business
Canadian Twitter users on why they decided to pay for their blue check mark
By Tara Deschamps, The Canadian Press on May 3rd, 2023
TORONTO – When Elon Musk took over Twitter last November, he quickly turned his attention to the platform’s highly sought-after status symbol: the blue verification check mark. The seal of approval previously handed out to celebrities, politicians, journalists and other public figures was meant to reduce impersonation attempts, help users wade through high volumes of ... Read More »
Be the first to comment!Aritzia earns $37.3 million in Q4 as sales continue to climb in U.S. and Canada
By The Canadian Press on May 2nd, 2023
VANCOUVER – Aritzia Inc. says its net income for the fourth quarter was $37.3 million, up 9.1 per cent from $34.2 million a year earlier. The Vancouver-based clothing retailer saw its net revenue climb 43.5 per cent in the quarter ended Feb. 26 to $637.6 million. Retail net revenue rose by 38.4 per cent to ... Read More »
Be the first to comment!Canadian Tire to acquire 10 Bed Bath & Beyond leases for $1.6 million
By The Canadian Press on May 2nd, 2023
TORONTO – Canadian Tire Corp. Ltd. says it’s acquiring 10 former Bed Bath & Beyond leases to expand its Mark’s and Pro Hockey Life banners. The Toronto-based retailer says it’s taking on the leases for a final purchase price of $1.6 million. Six of the leases will be for relocations of clothing in Alberta, British ... Read More »
Be the first to comment!Vancouver city council plans pilot project to test car-free Gastown for pedestrians
By The Canadian Press on May 2nd, 2023
Vancouver city council plans to make the historic Gastown neighbourhood more pedestrian-friendly by eliminating car traffic on its main thoroughfare. Councillor Sarah Kirby-Yung says she will introduce a motion during a meeting on May 9 for a “people-focused Gastown,” which includes creating a pilot project which will shut down Water Street to car traffic on ... Read More »
Be the first to comment!Cirque du Soleil president says AI in entertainment world a low risk to company
By The Canadian Press on May 2nd, 2023
MONTREAL – The head of Cirque du Soleil says artificial intelligence poses a low risk to the renowned Quebec company, even as debate is emerging about intellectual property protection for artists. Given the strength of the circus company’s brand, Stéphane Lefebvre says he isn’t too worried, arguing that its reputation shields it from AI-driven copying ... Read More »
Be the first to comment!Gordon Lightfoot music sees popularity surge following folk music legend’s death
By Sammy Hudes, The Canadian Press on May 2nd, 2023
TORONTO – John Stinson had been listening to Gordon Lightfoot’s 1975 song, “Now and Then” on Monday shortly before it was announced that the Canadian folk music icon had died at 84. Ironically, it’s one of the few songs that Stinson doesn’t perform as the lead singer of his Gordon Lightfoot Tribute band, which has ... Read More »
Be the first to comment!S&P/TSX composite down more than 200 points, U.S. markets also down
By The Canadian Press on May 2nd, 2023
TORONTO – Canada’s main stock index lost more than 200 points in a broad-based decline led by energy, while U.S. stock markets also fell. The S&P/TSX composite index closed down 207.54 points at 20,407.56. In New York, the Dow Jones industrial average was down 367.17 points at 33,684.53. The S&P 500 index was down 48.29 ... Read More »
Be the first to comment!Stock market today: Wall Street drops as banks tumble again
By Stan Choe, The Associated Press on May 2nd, 2023
NEW YORK (AP) – Stocks closed lower as shares of beleaguered banks tumbled again and worries about the economy worsened. The rising fear sent yields sinking in the bond market Tuesday, while Wall Street waited for the Federal Reserve’s latest move on interest rates and Washington edges closer to what would be a catastrophic default ... Read More »
Be the first to comment!Gordon Lightfoot records in high demand following folk music legend’s death
By The Canadian Press on May 2nd, 2023
TORONTO – As fans of the late Gordon Lightfoot mourn the Canadian folk music icon, Toronto record stores say they are already seeing more customers trying to get their hands on the his most popular hits. Piers Charnley, associate manager at Kops Records, says he’s sold more Lightfoot records since the singer-songwriter’s death than he ... Read More »
Be the first to comment!300 nabbed in global crackdown on dark web drug marketplace
By Mike Corder And Lindsay Whitehurst, The Associated Press on May 2nd, 2023
THE HAGUE, Netherlands (AP) – Authorities in the U.S. and Europe arrested nearly 300 people, confiscated over $53 million, and seized a dark web marketplace as part of an international crack down on drug trafficking that officials say was the largest operation of its kind. The worldwide operation targeting the “Monopoly Market” is the latest ... Read More »
Be the first to comment!Not every airline can succeed in Canada’s crowded market: Flair CEO
By The Canadian Press on May 2nd, 2023
CALGARY – The CEO of Flair Airlines says there isn’t room in the Canadian market for all of the carriers jockeying for position in a crowded field right now. Stephen Jones made the comments at an event in Calgary marking the establishment of a new base at Calgary International Airport. The last few years have ... Read More »
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