April 13th, 2024

Business

Canadian airlines come in at low end of on-time performance: analytics firm

By The Canadian Press on December 29th, 2022

TORONTO – Aviation analytics company Cirium says Canada’s two biggest airlines ranked low in terms of on-time performance this year. The data firm says that among the 10 biggest airlines in Canada and the U.S., Air Canada and WestJet Airlines Ltd. ranked worst and second-worst for their punctuality. Cirium says Air Canada had on-time arrivals ... Read More »

1 response

Massive fire at Cambodia hotel casino kills at least 16

By Sopheng Cheang, The Associated Press on December 29th, 2022

PHNOM PENH, Cambodia (AP) – A massive fire that lasted more than 12 hours in a Cambodian hotel casino killed at least 16 people and injured about 50, while other victims were apparently not yet accounted for Thursday, as neighboring Thailand sent firetrucks to help fight the blaze in a bustling border town. Videos posted ... Read More »

1 response

Still-raging fire at Cambodia hotel casino kills at least 11

By Sopheng Cheang, The Associated Press on December 29th, 2022

PHNOM PENH, Cambodia (AP) – A massive fire raging more than 12 hours in a Cambodian hotel casino killed at least 11 people, injured 30 and apparently trapped others Thursday as neighboring Thailand sent firetrucks to help fight the blaze in a bustling border region. Videos posted on social media showed people falling from a ... Read More »

1 response

Fire at hotel casino on Cambodia border kills at least 10

By Sopheng Cheang, The Associated Press on December 28th, 2022

PHNOM PENH, Cambodia (AP) – A fire burning through a Cambodian hotel casino has killed at least 10 people and injured 30 others, police said Thursday, and neighboring Thailand sent firetrucks to help fight the blaze in a bustling border region. Videos posted on social media showed people apparently jumping from windows after they were ... Read More »

1 response

S&P/TSX composite down more than one per cent, U.S. markets also fall

By The Canadian Press on December 28th, 2022

TORONTO – Canada’s main stock index fell more than one per cent Wednesday, with broad-based losses led by the energy sector, while U.S. markets also fell by more than one per cent. The S&P/TSX composite index was down 222.55 points to 19,284.10 on the first trading day after the Christmas holiday. In New York, the ... Read More »

1 response

First Quantum says negotiations restarted on future of Panama mine

By The Canadian Press on December 28th, 2022

TORONTO – First Quantum Minerals Ltd. says it is back in discussions with the government of Panama over a benefits sharing agreement as it looks to avoid a shutdown of its Cobre Panamá mine. Toronto-based First Quantum said on Dec. 16 that the government had cut off talks and ordered the mine closed, but says ... Read More »

1 response

Canadian oilpatch likely to surpass 2022’s production record, but only slightly

By Amanda Stephenson, The Canadian Press on December 27th, 2022

CALGARY – Canadian oil and gas companies are expected to increase spending in 2023, but analysts say it will be another year of modest growth and not a return to boom times. For Canada’s energy industry, 2022 was the year that finally snapped a decade of weak commodity prices and brought prosperity back to the ... Read More »

1 response

Passenger advocate urges stranded Sunwing passengers in Mexico to take legal action

By The Canadian Press on December 26th, 2022

As hundreds of Canadians scramble to get home after their Sunwing flights from Mexico were cancelled last week, a passengers’ rights advocate says stranded travellers should consider legal action if they aren’t compensated. Gabor Lukacs, president and founder of the Air Passenger Rights group, says travellers stranded by cancellations should pay for whatever it takes ... Read More »

1 response

Review of RBC’s $13.5B takeover of HSBC Canada shows limits to system: critics

By Ian Bickis, The Canadian Press on December 26th, 2022

TORONTO – Royal Bank of Canada’s proposed $13.5-billion takeover of HSBC Bank Canada will face scrutiny from Canada’s competition watchdogs in the year ahead, but critics say their leash is too short while efforts in the U.S. point to potential ways of doing it better. The proposed deal comes amid a widespread rethink in how ... Read More »

1 response

27 deaths reported in western NY from massive storm

By Carolyn Thompson And Jake Bleiberg, The Associated Press on December 26th, 2022

BUFFALO, N.Y. (AP) – Twenty-seven storm-related deaths have been reported in western New York. That brings the nation’s death toll from this weekend’s massive storm to at least 48 people. Twenty of those deaths have occurred in Buffalo, New York, a city spokesperson announced Monday morning. THIS IS A BREAKING NEWS UPDATE. AP’s earlier story ... Read More »

1 response