Business
Tesla’s 2Q profit falls 45% to $1.48 billion as sales drop despite price cuts and low-interest loans
By Tom Krisher, The Associated Press on July 23rd, 2024
DETROIT (AP) – Tesla’s second-quarter net income fell 45% compared with a year ago as the company’s global electric vehicle sales tumbled despite price cuts and low-interest financing. The Austin, Texas, company said Tuesday that it made $1.48 billion from April through June, less than the $2.7 billion it made in the same period of ... Read More »
Be the first to comment!CN Rail lowers 2024 earnings forecast due to strike uncertainty
By The Canadian Press on July 23rd, 2024
MONTREAL – Canadian National Railway Co. says it earned $1.11 billion in the second quarter, though it lowered its forecast for earnings growth as it faces the threat of a worker strike. The Montreal-based railway says its net income was five per cent lower than the $1.17 billion in the same three months of 2023. ... Read More »
Be the first to comment!S&P/TSX composite index dragged lower Tuesday by energy, U.S. markets also down
By The Canadian Press on July 23rd, 2024
TORONTO – Losses in the energy sector led Canada’s main stock index lower on Tuesday, while U.S. stock markets were also down. The S&P/TSX composite index closed down 58.90 points at 22,813.75. In New York, the Dow Jones industrial average was down 57.35 points at 40,358.09. The S&P 500 index was down 8.67 points at ... Read More »
Be the first to comment!Canadian Food Inspection Agency investigating after parasite found in P.E.I. oysters
By The Canadian Press on July 23rd, 2024
SUMMERSIDE, P.E.I. – A “worrisome” parasite has been confirmed in at least one area on Prince Edward Island, and samples from several oyster farms have been sent for testing, says the Canadian Food Inspection Agency. Danielle Williams, disease technical specialist at the federal agency, said the parasite called multinucleate sphere X – or MSX – ... Read More »
Be the first to comment!Long-promised Nova Scotia Loyal program to offer rewards for buying local
By The Canadian Press on July 23rd, 2024
HALIFAX – The Nova Scotia government announced Tuesday that its promised program to encourage people to buy local will award points only at Sobeys Inc. grocery stores and the provincial liquor corporation. The province says the two retail partnerships will be part of its $6-million Nova Scotia Loyal program, which includes an enhanced government procurement ... Read More »
Be the first to comment!Quebec government funnels another $413 million to Airbus A220 program
By The Canadian Press on July 23rd, 2024
MIRABEL, QUE. – The Quebec government is investing another $413 million in the Airbus A220 commercial jet program, formerly known as the C Series. Quebec Premier François Legault made the announcement this afternoon at the Airbus assembly site in Mirabel, Que. He said Airbus is investing $1.2 billion in the program, and has guaranteed that ... Read More »
Be the first to comment!B.C., Ottawa ink $426M deals to support care assistants, drugs for rare diseases
By The Canadian Press on July 23rd, 2024
VANCOUVER – Ottawa is providing $426 million to support heath care in British Columbia. A statement from Health Canada says $232 million will flow through an “aging with dignity agreement” to help pay the salaries of nearly 13,000 health-care assistants in public long-term care and assisted living facilities over the next five years. That agreement ... Read More »
Be the first to comment!Jasper evacuees forced into B.C. to flee fires told to make U-turn to Alberta for aid
By Lisa Johnson, The Canadian Press on July 23rd, 2024
EDMONTON – Thousands of wildfire evacuees forced from Jasper National Park into British Columbia along smoke-choked mountain roads Monday night were directed Tuesday to make a wide U-turn and head home if they needed a place to stay. Alberta fire officials said B.C. has its hands full with its own wildfires and evacuations. “The issue ... Read More »
Be the first to comment!Securities fines and clawbacks jumped in past year: CSA
By The Canadian Press on July 23rd, 2024
CALGARY – The Canadian Securities Administrators say fines and restitutions jumped in the last year compared with a year earlier. In its year in review, the umbrella group for provincial securities regulators says they imposed $27.6 million in fines, administrative penalties and other financial sanctions, up from $18.5 million a year earlier. Restitution, compensation and ... Read More »
Be the first to comment!Three people from Laval, Que., killed in small plane crash in northeastern Ohio
By The Canadian Press on July 23rd, 2024
YOUNGSTOWN, Ohio – Three people killed Friday when a small plane crashed while trying to make an emergency landing at an airport in northeastern Ohio have been identified as Quebec residents. The Ohio State Highway Patrol says the 54-year-old pilot Jawdat Khawam and his two passengers Martine Arseneault, 45, and Daphne Khawam, 8, were all ... Read More »
Be the first to comment!Freedom Mobile launches service in 50 Alberta and B.C. areas as expansion continues
By The Canadian Press on July 23rd, 2024
TORONTO – Freedom Mobile is launching in 50 cities across B.C. and Alberta as part of its parent company’s aggressive expansion since acquiring the carrier last year. Quebecor Inc. says Freedom Mobile, a subsidiary of its Videotron brand, is now available to residents in areas such as Chilliwack, Hope, Revelstoke and Salmon Arm, B.C., as ... Read More »
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