Business
Shake Shack to come to Canada in 2024 with first location set for Toronto
By Tara Deschamps, The Canadian Press on March 22nd, 2023
TORONTO – Canadians with a hankering for Shake Shack’s juicy burgers and hand-spun milkshakes soon won’t have to cross the border to satisfy their cravings. Toronto-based private investment firms Osmington Inc. and Harlo Entertainment Inc. announced plans Wednesday to bring the U.S. fast food giant to Canada. Shake Shack’s Canadian debut will begin with a ... Read More »
Be the first to comment!Boris Johnson facing high-stakes grilling over ‘partygate’
By Jill Lawless, The Associated Press on March 22nd, 2023
LONDON (AP) – Former U.K. Prime Minister Boris Johnson began testifying on Wednesday to a crucial hearing on whether he misled Parliament about lockdown parties. Johnson denies deliberately lying, but if found to have done so, he could face suspension or even lose his seat in Parliament. He told the committee that the rule-breaking events ... Read More »
Be the first to comment!Canada needs 300,000 new rental units to avoid gap quadrupling by 2026: report
By The Canadian Press on March 22nd, 2023
TORONTO – A Royal Bank of Canada report predicts Canada’s rental housing shortage will quadruple to 120,000 units by 2026 without a significant boost in stock. It says Canada needs to add 332,000 rental units over the next three years – a 20 per cent increase over the 70,000 units built last year – to ... Read More »
Be the first to comment!Manitoba to raise minimum wage to $15.30 in October under inflation-tied formula
By The Canadian Press on March 22nd, 2023
WINNIPEG – The Manitoba government says the province’s minimum wage will rise to $15.30 an hour on Oct. 1. The government previously estimated it would hit $15 an hour or more, and has now determined the exact amount under a formula tied to inflation. The wage is currently $13.50 an hour and is set to ... Read More »
Be the first to comment!Activist investor wants Parkland to consider strategic alternatives
By The Canadian Press on March 22nd, 2023
CALGARY – An activist investor wants Parkland Corp. to explore strategic alternatives for what it says are the company’s non-core assets with the goal of becoming a more focused fuel and convenience store retailer. In a letter to the Parkland board of directors seeking a meeting, Engine Capital LP says it owns about a two ... Read More »
Be the first to comment!Wall Street quiet ahead of Fed rate hike decision
By Elaine Kurtenbach And Matt Ott, The Associated Press on March 22nd, 2023
BANGKOK – Wall Street quietly drifted between small gains and losses early Wednesday ahead of a closely-watched decision by the Federal Reserve on whether to raise interest rates in the midst of a global banking crisis. Futures for the Dow Jones Industrials inched less than 0.1% higher, while futures for the S&P 500 were essentially ... Read More »
Be the first to comment!Macron wants French pension plan implemented by end of year
By Sylvie Corbet, The Associated Press on March 22nd, 2023
PARIS (AP) – French President Emmanuel Macron said Wednesday that the pension bill that he pushed through without a vote in parliament needs to be implemented by the “end of the year.” Macron, who made the comments in an interview broadcast on national television, said the bill that raises the retirement age from 62 to ... Read More »
Be the first to comment!Macron defends French pension plan on national television
By The Associated Press on March 22nd, 2023
PARIS (AP) – French President Emmanuel Macron said Wednesday that the pension bill that he pushed through without a vote in parliament needs to be implemented by the “end of the year.” Macron, who made the comments in an interview broadcast on national television, said the bill that raises the retirement age from 62 to ... Read More »
Be the first to comment!Shack Shake to come to Canada in 2024 with first location set for Toronto
By Tara Deschamps, The Canadian Press on March 22nd, 2023
TORONTO – Canadians with a hankering for Shake Shack’s juicy burgers and hand-spun milkshakes soon won’t have to cross the border to satisfy their cravings. Toronto-based private investment firms Osmington Inc. and Harlo Entertainment Inc. announced plans Wednesday to bring the U.S. fast food giant to Canada. Shake Shack’s Canadian debut will begin with a ... Read More »
Be the first to comment!Boyd Group Services reports US$14.2M Q4 profit, sales up 23.4% from year ago
By The Canadian Press on March 22nd, 2023
WINNIPEG – Boyd Group Services Inc. says it earned US$14.2 million in its fourth quarter, up from US$4.9 million a year earlier. The autobody repair shop chain, which keeps its books in U.S. dollars, says the profit amounted to 66 cents per diluted share for the quarter ended Dec. 31, up from 23 cents per ... Read More »
Be the first to comment!Take hard line on Canada’s digital tax, online laws, tech associations urge Biden
By James McCarten, The Canadian Press on March 22nd, 2023
WASHINGTON – A high-tech industry coalition in the United States is urging President Joe Biden to take a hard line against Canada’s approach to digital services. The group says the proposed digital services tax unfairly targets U.S. companies and is offside with international efforts to establish a global standard. In a letter to Biden, they ... Read More »
Be the first to comment!
