Business
CRTC urged to ensure equal internet quality, prices for Northern Canada residents
By The Canadian Press on April 18th, 2023
WHITEHORSE – The Yukon government is urging Canada’s telecommunications regulator to ensure that northern residents have access to the same internet service quality as the rest of the country at comparable rates. Sean McLeish, assistant deputy minister of information and communications technology for the territory, says the quality of internet service in Northern Canada, especially ... Read More »
Be the first to comment!Inflation hits lowest level since August 2021, but BoC not expected to back off yet
By Nojoud Al Mallees, The Canadian Press on April 18th, 2023
OTTAWA – The Bank of Canada is expected to keep interest rates elevated for some time even as the country’s annual inflation rate falls rapidly. Inflation in Canada dropped to 4.3 per cent in March, Statistics Canada said in its latest consumer price index report released Tuesday. The headline rate eased from 5.2 per cent ... Read More »
Be the first to comment!Poland building electronic barrier on border with Russia
By The Associated Press on April 18th, 2023
WARSAW, Poland (AP) – Poland has begun building a state-of-the-art electronic barrier at its land border with Russia’s Kaliningrad exclave to monitor and counteract any illegal activity, the Polish interior minister said Tuesday. The barrier, which will be equipped with 24-hour monitoring cameras and motion detectors, will run for 210 kilometers (130 miles) and is ... Read More »
Be the first to comment!T. rex skeleton sells for more than $5M at Zurich auction
By Jamey Keaten, The Associated Press on April 18th, 2023
BERN, Switzerland (AP) – Nearly 300 Tyrannosaurus rex bones that were dug up from three sites in the United States and assembled into a single skeleton sold Tuesday at an auction in Switzerland for 4.8 million francs ($5.3 million), below the expected price. Crafted into an open-mouth pose, the T. rex skeleton measuring 11.6 meters ... Read More »
Be the first to comment!Tourmaline, Clean Energy Fuels to partner on natural gas fuelling station network
By The Canadian Press on April 18th, 2023
CALGARY – Tourmaline Oil Corp. says it is partnering with California-based Clean Energy Fuels Corp. to build and operate a network of compressed natural gas (CNG) fuelling stations along highway corridors in Western Canada. The $70-million joint investment will see the two companies commission up to 20 CNG stations over the next five years. The ... Read More »
Be the first to comment!Why doesn’t Canada make its own baby formula when we have the raw ingredients?
By The Canadian Press on April 18th, 2023
OTTAWA – If infant formula has become akin to liquid gold for parents stressed about empty store shelves this year, Canada may be sitting on a potential treasure trove – if only it could process the raw elements. Canada has a surplus of the main ingredient for infant formula, but without a market for the ... Read More »
Be the first to comment!Southwest passengers face delays after nationwide grounding
By David Koenig, The Associated Press on April 18th, 2023
DALLAS (AP) – Southwest Airlines planes were briefly grounded nationwide Tuesday for what the airline called an intermittent technology issue, leading to more than 1,800 delayed flights just four months after the carrier suffered a much bigger meltdown over the Christmas travel rush. The hold on departures was lifted by late morning, according to Southwest ... Read More »
Be the first to comment!WestJet pilots vote in favour of strike mandate, could walk before May long weekend
By The Canadian Press on April 18th, 2023
CALGARY – The union representing WestJet pilots says they have voted overwhelmingly in favour of a strike mandate. The Air Line Pilots Association says the 1,600 WestJet pilots it represents can launch a strike as early as the week leading up to the May long weekend, which typically kicks off the summer travel season for ... Read More »
Be the first to comment!Major reforms to air passenger rights needed, says House committee report
By The Canadian Press on April 18th, 2023
OTTAWA – A parliamentary committee is recommending sweeping changes to Canada’s air passenger rights framework. The report from the House of Commons transport committee calls on the government to tighten compensation rules for travellers whose flights are cancelled or significantly delayed. Released Tuesday, the paper comes after chaotic travel seasons over the summer and winter ... Read More »
Be the first to comment!Weston to step back from Loblaw’s day-to-day operations as company announces new CEO
By Brett Bundale, The Canadian Press on April 18th, 2023
Galen Weston is stepping back from day-to-day operations of Loblaw Companies Ltd. in a senior leadership shuffle that will see a European retail executive take over as president and CEO. Canada’s largest grocer and drugstore chain said Tuesday the chief executive of Denmark’s leading grocery retailer Salling Group A/S, Per Bank, will join the company ... Read More »
Be the first to comment!Mars head Yung Wu announces plan to step down from role as tech incubator’s CEO
By Tara Deschamps, The Canadian Press on April 18th, 2023
TORONTO – Yung Wu has founded, built and invested in at least seven companies, but there’s one thing that’s not his strong suit: retiring. The first time the serial entrepreneur retired was in 2007, after the sale of his first company, Castek Inc., to Oracle, but it didn’t last. He came out of retirement in ... Read More »
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