Business
Loblaw CEO Galen Weston’s compensation jumps 55 per cent to $8.4 million
By Christopher Reynolds and Rosa Saba, The Canadian Press on April 5th, 2023
Galen Weston took in $8.4 million in total compensation in the 2022 fiscal year in his role at the head of Loblaw Companies Ltd. Meanwhile, Empire Company Ltd. CEO Michael Medline took in $8.7 million, while Metro Inc. CEO Eric La Flèche earned $5.4 million. But Weston’s Loblaw compensation isn’t the full picture, as he ... Read More »
Be the first to comment!S&P/TSX composite ends down more than 100 points, U.S. stock markets mixed
By The Canadian Press on April 5th, 2023
TORONTO – Canada’s main stock index closed down more than 100 points as losses in base metal, energy and technology stocks weighed on the market, while U.S. stock markets put in a mixed showing. The S&P/TSX composite index ended down 116.21 points at 20,159.55. In New York, the Dow Jones industrial average closed up 80.34 ... Read More »
Be the first to comment!RBC chief executive defends climate plan as shareholders criticize record
By The Canadian Press on April 5th, 2023
SASKATOON – RBC chief executive Dave McKay defended the bank’s climate plan at its annual shareholder meeting Wednesday as numerous attendees criticized it for not doing enough. Speaking at the event held this year in Saskatoon, McKay emphasized the importance of an orderly and stable net-zero transition since shortages of critical needs like food or ... Read More »
Be the first to comment!Ottawa and Edmonton cement manufacturer sign preliminary deal on carbon capture
By The Canadian Press on April 5th, 2023
EDMONTON – The federal government has signed a deal to work with an Edmonton cement manufacturer to keep carbon dioxide generated at the plant from entering the atmosphere. Innovation, Science and Industry Minister Francois-Philippe Champagne has signed a memorandum of understanding with Heidelberg Materials to help with construction of a carbon capture and storage facility. ... Read More »
Be the first to comment!Canada can play a major role in addressing growing food insecurity, Nutrien CEO says
By Rosa Saba, The Canadian Press on April 5th, 2023
TORONTO – Canada is poised to play a big role in global food production as climate change makes farming more difficult and the world’s food supply chain is rendered fragile by political and economic uncertainty, said Nutrien CEO Ken Seitz. Seitz made the remarks in Toronto at an event hosted by the Economic Club of ... Read More »
Be the first to comment!Canada can play a big role in addressing growing food insecurity, Nutrien CEO says
By The Canadian Press on April 5th, 2023
TORONTO – Nutrien CEO Ken Seitz says Canada is poised to play a big role in global food production as climate change makes farming more difficult and the world’s food supply chain is rendered fragile by political and economic uncertainty. Seitz made the remarks in Toronto at an event hosted by the Economic Club of ... Read More »
Be the first to comment!Energy executives say feds must make good on pledge to speed up project approvals
By The Canadian Press on April 5th, 2023
TORONTO – Canada’s oil and gas sector is hopeful the federal government will live up to its budget-day pledge to speed up the time it takes to build major infrastructure projects in this country. The Liberal government announced last week that it will unveil a plan to speed up the federal permitting process for major ... Read More »
Be the first to comment!S&P/TSX composite down more than 100 points, U.S. stock markets mixed
By The Canadian Press on April 5th, 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 technology stocks weighed on the market, while U.S. stock markets put in a mixed showing. The S&P/TSX composite index was down 154.72 points at 20,121.04. In New York, the Dow Jones industrial ... Read More »
Be the first to comment!Jury awards $3.2 million to ex-Tesla worker for racial abuse
By Michael Liedtke, The Associated Press on April 5th, 2023
SAN FRANCISCO (AP) – A federal jury has awarded nearly $3.2 million in damages to a Black former worker at a Tesla factory in California that has been at the epicenter of racial discrimination allegations hanging over the automaker run by billionaire Elon Musk. The verdict reached Monday marks the second time former Tesla employee ... Read More »
Be the first to comment!Complaints about telecommunications companies increase as Rogers outage top of mind
By The Canadian Press on April 5th, 2023
TORONTO – A new report says complaints about Canada’s telecommunications companies were up 12 per cent from a year ago, while a service outage at Rogers Communications last summer helped make the company the most complained-about provider for the first time. The mid-year report by the Commission for Complaints for Telecom-Television Services’ (CCTS) says Rogers ... Read More »
Be the first to comment!Blinken says WSJ reporter ‘wrongfully detained’ by Russia
By Matthew Lee, The Associated Press on April 5th, 2023
BRUSSELS (AP) – U.S. Secretary of State Antony Blinken said Wednesday he has “no doubt” that Russia has wrongfully detained an American reporter for The Wall Street Journal who was arrested last week on spying allegations. However, Blinken said a formal determination of Evan Gershkovich’s wrongful detention has not yet been made, something that would ... Read More »
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