Business
Shuttered gypsum mine in central Cape Breton to reopen: USG Corp.
By The Canadian Press on May 2nd, 2023
LITTLE NARROWS, N.S. – A gypsum quarry in central Cape Breton that closed seven years ago will soon be reopened. The Canadian division of USG Corp. says it will spend $104 million revitalizing the quarry at Little Narrows, N.S., creating 100 permanent jobs once the relaunch is completed in three years. The Chicago-based building materials ... Read More »
Be the first to comment!US job openings dip to 9.6 million, lowest since 2021
By Paul Wiseman, The Associated Press on May 2nd, 2023
WASHINGTON (AP) – U.S. job openings fell in March to the lowest level in nearly two years, a sign that the American labor market is cooling in the face of higher interest rates. Employers posted 9.6 million vacancies in March, down from nearly 10 million in February. Layoffs rose to the highest level since December ... Read More »
Be the first to comment!Is returning to school worth it for advancing your career? Experts weigh in
By Noushin Ziafati, The Canadian Press on May 2nd, 2023
After several years of working in retail, Shantia Cross had enough. One day in 2021, she decided to walk off the job and leave what she described as a toxic and thankless workplace. Her mother advised her to either find a new job or go back to school, and that got Cross thinking. That same ... Read More »
Be the first to comment!Global operation takes down dark web drug marketplace
By The Associated Press on May 2nd, 2023
THE HAGUE, Netherlands (AP) – Law enforcement agencies around the world seized an online marketplace and arrested nearly 300 people allegedly involved in buying and selling drugs, European Union law enforcement agency Europol said Tuesday. The worldwide operation targeting the “Monopoly Market,” coordinated by Europol, is the latest major takedown of sales platforms for drugs ... Read More »
Be the first to comment!Thomson Reuters reports first-quarter revenue up from year ago
By The Canadian Press on May 2nd, 2023
TORONTO – Thomson Reuters Corp. says it earned a first-quarter profit of US$756 million as its revenue rose four per cent compared with a year ago. The company, which keeps its books in U.S. dollars, says the profit amounted to US$1.59 per diluted share for the quarter ended March 31, down from nearly US$1.01 billion ... Read More »
Be the first to comment!Tim Hortons parent Restaurant Brands reports Q1 profit and revenue up from year ago
By The Canadian Press on May 2nd, 2023
TORONTO – Restaurant Brands International Inc. reported a first-quarter profit of US$277 million, up from US$270 million a year earlier, as its revenue also climbed higher. The parent company of Tim Hortons, which keeps its books in U.S. dollars, says the profit amounted to 61 cents per diluted share for the quarter ended March 31, ... Read More »
Be the first to comment!Small business owners balance rising costs with keeping customers happy: survey
By Rosa Saba, The Canadian Press on May 2nd, 2023
Almost a third of Canadian small business owners raised prices by more than 10 per cent in 2022 to offset rising costs, a survey found – and the trend is continuing this year. The survey by Ownr, a small business and legal management platform backed and operated by RBCx, found that so far in 2023, ... Read More »
Be the first to comment!Europe’s inflation inches up ahead of interest rate decision
By David Mchugh, The Associated Press on May 2nd, 2023
FRANKFURT, Germany (AP) – Europe’s painful inflation has inched higher, extending the squeeze on households and keeping pressure on the European Central Bank to unleash what could be another large interest rate increase. Consumer prices in the 20 countries using the euro currency jumped 7% in April from a year earlier, just up from the ... Read More »
Be the first to comment!BlackBerry reviewing strategic alternatives for its portfolio of businesses
By The Canadian Press on May 2nd, 2023
TORONTO – BlackBerry Ltd. has launched a review of strategic alternatives for its portfolio of businesses. The company says the possibilities include, but are not limited to, the separation of one or more of its operations. BlackBerry executive chairman and chief executive John Chen says the review aims to identify and evaluate opportunities to further ... Read More »
Be the first to comment!Inflation inches up in Europe ahead of interes rate decision
By The Associated Press on May 2nd, 2023
FRANKFURT, Germany (AP) – Europe’s painful inflation inched higher last month, extending the squeeze on households and keeping pressure on the European Central Bank to unleash another large interest rate increase. Consumer prices in the 20 countries using the euro currency jumped 7% in April from a year earlier, just down from the annual rate ... Read More »
Be the first to comment!Canadians targeted ‘more aggressively’ by fraud calls than Americans, study suggests
By Sammy Hudes, The Canadian Press on May 2nd, 2023
TORONTO – A new study suggests there’s been an uptick in phone scams in Canada, such as those involving federal agency impersonation or air duct cleaning. A report released Tuesday by Seattle-based Hiya, which aims to protect phone users from spam through its voice security platform, found 6.3 per cent of unwanted calls received by ... Read More »
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