Business
Air Canada announces new CFO in John Di Bert, Amos Kazzaz to retire
By The Canadian Press on April 11th, 2023
MONTREAL – Air Canada says executive vice-president and chief financial officer Amos Kazzaz is retiring at the end of June. The airline says Kazzaz will be replaced by John Di Bert, who is the current CFO of Clarios International and has been CFO at Bombardier and Pratt & Whitney. In a press release, president and ... Read More »
Be the first to comment!N.B. tourism approaching pre-pandemic levels as rental car industry still struggling
By Hina Alam, The Canadian Press on April 11th, 2023
FREDERICTON – Tourism in New Brunswick last year approached pre-pandemic levels, but the province’s rental car industry struggled, a new study by Statistics Canada says. The study released Tuesday said tourism activity in the province “turned around rapidly” but was still 20 per cent lower than in 2019, before the COVID-19 pandemic. “Despite a rebound ... Read More »
Be the first to comment!S&P/TSX composite gains on energy and base metal stocks, U.S. markets mixed
By The Canadian Press on April 11th, 2023
TORONTO – Strength in energy and base metal stocks helped Canada’s main stock index gain more than 100 points Tuesday, while U.S. stock markets were mixed. The S&P/TSX composite index was up 146.03 points at 20,421.85. In New York, the Dow Jones industrial average was up 98.27 points at 33,684.79. The S&P 500 index was ... Read More »
Be the first to comment!What to know about the TTC’s upcoming Rogers cellphone network
By Sammy Hudes, The Canadian Press on April 11th, 2023
TORONTO – Rogers and BAI Communications reached a deal Monday that will see the telecommunications giant acquire the exclusive rights to build the TTC’s wireless network. Here is what you need to know about cell service coming to the subway system. When will Torontonians have cell service? It will likely be at least nine months ... Read More »
Be the first to comment!Laurentian Bank plans high-interest online chequing account as part of digital push
By The Canadian Press on April 11th, 2023
Montreal-based Laurentian Bank is preparing a digital push as it looks to attract more deposits and reach customers outside Quebec. CEO Rania Llewellyn says that while the bank was offering good rates on guaranteed investment certificates last year, it was limited by the fact that customers weren’t able to open accounts without physically going to ... Read More »
Be the first to comment!N.B. tourism approaching pre-pandemic levels as rental car industry struggles
By The Canadian Press on April 11th, 2023
FREDERICTON – Tourism in New Brunswick is approaching pre-pandemic levels, but the province’s rental car industry is facing an uphill climb. A new study by Statistics Canada says tourism activity in the province turned around rapidly last year but was still 20 per cent lower than in 2019, before the COVID-19 pandemic. High rental car ... Read More »
Be the first to comment!Ford Motor Co. provides details on plans to spend $1.8B in Oakville to produce EVs
By The Canadian Press on April 11th, 2023
OAKVILLE, Ont. – Ford Motor Co. has revealed some details of its plan to spend $1.8 billion on its Oakville Assembly Complex to turn it into an electric vehicle production hub. The automaker said Tuesday that it will start retooling the Ontario complex in the second quarter of 2024 and being producing electric vehicles in ... Read More »
Be the first to comment!Ford Motor Co. to spend $1.8B in Oakville to produce electric vehicles
By The Canadian Press on April 11th, 2023
Ford Motor Co. has revealed details of its plan to spend $1.8 billion an its Oakville Assembly Complex to turn it into an electric vehicle production hub. The automaker says it will start retooling the Ontario complex in the second quarter of 2024 and being producing electric vehicles in 2025. General Motors is already producing ... Read More »
Be the first to comment!First Capital REIT selling four properties for a total of $184 million
By The Canadian Press on April 11th, 2023
TORONTO – First Capital REIT says it has signed deals to sell four properties including the Hazelton Hotel in Toronto for a combined total of $184 million. The real estate trust says it is selling the Hazelton Hotel and a 50 per cent interest in the hotel’s restaurant, One Restaurant, to Hennick & Co. for ... Read More »
Be the first to comment!At least 300 visits expected as B.C.’s 2023 cruise ship season officially launches
By The Canadian Press on April 11th, 2023
VANCOUVER – Cruise ship season officially launches in British Columbia as the Sapphire Princess berths in Victoria for a one-day visit. The vessel then travels to Vancouver to begin that city’s season. The Greater Victoria Harbour Authority expects 330 ships between April and October, bringing at least 850,000 passengers to the capital. The Port of ... Read More »
Be the first to comment!IMF: Prolonged high inflation dims outlook for world economy
By Paul Wiseman And Fatima Hussein, The Associated Press on April 11th, 2023
WASHINGTON (AP) – The outlook for the world economy this year has dimmed in the face of chronically high inflation, rising interest rates and uncertainties resulting from the collapse of two big American banks. That’s the view of the International Monetary Fund, which on Tuesday downgraded its outlook for global economic growth. The IMF now ... Read More »
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