Business
Protesting N.L. crab fishers watch from shore as Maritime fishers head out to harvest
By The Canadian Press on April 25th, 2023
ST. JOHN’S, N.L. – As inshore crab fishers in Newfoundland and Labrador protest low prices, their union is keeping an eye on Maritime fishers who have started to harvest. The Fish, Food and Allied Workers Union says it is waiting to see if fresh product from the Maritimes will drive prices in the crab market ... Read More »
Be the first to comment!Weak on-time record of Canadian airports, airlines raises questions for summer travel
By The Canadian Press on April 25th, 2023
MONTREAL – Canadian airports and airlines logged a large number of flight delays last month, raising questions about their readiness for the summer travel rush. Figures from aviation data firm OAG show large airports and carriers had a much weaker on-time record in March than comparable U.S. outfits – and than their own performance in ... Read More »
Be the first to comment!Ben & Jerry’s co-founder starts nonprofit cannabis company
By The Associated Press on April 25th, 2023
WILLISTON, Vt. (AP) – One of the co-founders of Ben & Jerry’s has gone from ice cream to cannabis with a social mission. Ben Cohen has started Ben’s Best Blnz, a nonprofit cannabis line with a stated mission of helping to right the wrongs of the war on drugs. The company says on its website ... Read More »
Be the first to comment!S&P/TSX composite down more than 100 points, U.S. stock markets also tumble lower
By The Canadian Press on April 25th, 2023
TORONTO – Canada’s main stock index was down more than 100 points in late-morning trading, as losses in the base metal, energy and industrial sectors helped lead the way lower, while U.S. stock markets also dropped. The S&P/TSX composite index was down 135.64 points at 20,541.10. In New York, the Dow Jones industrial average was ... Read More »
Be the first to comment!Cascades restructuring tissue business in U.S., 300 employees affected
By The Canadian Press on April 25th, 2023
KINGSEY FALLS, Que. – Cascades is restructuring its tissue business, changes that will affect 300 employees in the United States. The company says it will progressively close plants in Barnwell, S.C., and Scappoose, Ore., and a tissue machine at its St. Helens plant, also in Oregon, starting in July. Cascades says the changes will reduce ... Read More »
Be the first to comment!US consumer confidence falls for 3rd time in 4 months
By Matt Ott, The Associated Press on April 25th, 2023
Consumer confidence dipped again in April as anxiety over a slowing economy and possible recession weighed on American households. The Conference Board reported Tuesday that its consumer confidence index fell to 101.3 in April from 104 in March. Optimism about current conditions ticked up again, although consumers are less positive about the short-term future. The ... Read More »
Be the first to comment!Stock market today: Wall Street down as First Republic falls
By Stan Choe, The Associated Press on April 25th, 2023
NEW YORK (AP) – Wall Street is slipping Tuesday after a torrent of companies gave mixed earnings reports for the first three months of the year. The S&P 500 was 0.4% lower in early trading. The Dow Jones Industrial Average was down 23 points, or 0.1%, at 33,851, as of 9:45 a.m. Eastern time, while ... Read More »
Be the first to comment!‘Give yourself time and space’: How to manage your finances during times of grief
By Noushin Ziafati, The Canadian Press on April 25th, 2023
In 2013, Ti Zhang received news of their mother’s sudden passing. At the time, they were in their mid-20s and living in Paris with their one-year-old child and then-partner, while their mother was living in Vancouver. “It came as a really big surprise. It was very sudden,” the 35-year-old recalled. “I think I woke up ... Read More »
Be the first to comment!Stock markets today: Wall Street lower; First Republic drops
By Joe Mcdonald And Matt Ott, The Associated Press on April 25th, 2023
NEW YORK (AP) – Stocks are slipping in early trading on Wall Street after a torrent of companies gave mixed earnings reports for the first three months of the year. The S&P 500 was 0.4% lower in the early going Tuesday. The Dow Jones Industrial Average was down 0.2% and the Nasdaq composite was down ... Read More »
Be the first to comment!H&R REIT reaches deal with activist investor K2, will increase board size to 10
By The Canadian Press on April 25th, 2023
TORONTO – H&R Real Estate Investment Trust has reached a deal with an activist investor that had sought changes at the trust’s board. Under the agreement, K2 Principal Fund LP and K2 & Associates Investment Management Inc. has withdrawn their four nominees who were slated to stand for election at the trust’s meeting on June ... Read More »
Be the first to comment!Professionals see less credibility, value on Twitter after Musk takeover
By The Canadian Press on April 25th, 2023
TORONTO – Professionals on Twitter say they’re noticing many people and organizations put less time into the platform after billionaire businessman Elon Musk bought it and made a slew of changes. Media relations professional Anne Marie Aikins sees organizations tweeting less and suspects it’s because of how easy Musk has made it to target brands ... Read More »
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