Business
Canadians making fewer trips to the grocery store as inflation pinches: RBC report
By The Canadian Press on March 9th, 2023
TORONTO – A new report by RBC says Canadians are on average making fewer grocery store runs as food inflation persists, but still spending roughly the same amount per trip RBC’s consumer spending tracker shows the average number of grocery transactions in February was up 8.4 per cent relative to pre-pandemic levels, compared with a ... Read More »
1 responseMaple Leaf Foods expecting modest annual growth in its plant-based protein
By The Canadian Press on March 9th, 2023
MISSISSAUGA, Ont. – Maple Leaf Foods Inc. said it’s expecting modest annual growth in its plant-based protein category as the company reported a loss for its latest quarter, due in part to weaker pork markets and a cyberattack. The Mississauga, Ont.-based food processing company raised its quarterly dividend to 21 cents, up from 20 cents, ... Read More »
1 responseBudget highlights Biden’s ‘values’ as he eyes 2024 campaign
By Chris Megerian, The Associated Press on March 9th, 2023
WASHINGTON (AP) – With Republicans in control of the House, there’s no chance that President Joe Biden’s new budget plan will become law as it stands. Instead, the financial blueprint that he’s announcing in Philadelphia on Thursday will serve as a political talking point for a president preparing to run for reelection. “When you look ... Read More »
1 responseBiden budget with deficit cuts, tax hikes won’t fly with GOP
By Josh Boak, The Associated Press on March 9th, 2023
WASHINGTON (AP) – As political gridlock puts the government at risk of defaulting, President Joe Biden on Thursday is making an opening offer with a budget plan that would cut deficits by $2.9 trillion over the next decade – a proposal that Republicans already intend to reject. It’s part of a broader attempt by the ... Read More »
1 responseTransat says travel demand nearly on par with 2019 despite higher prices
By Christopher Reynolds, The Canadian Press on March 9th, 2023
MONTREAL – The head of Transat AT Inc. says travel demand reached heights comparable to 2019 in its first quarter, even as higher airfares and the threat of recession risked dampening customers’ enthusiasm. “Transat is on an upswing and is headed for a return to profitability,” CEO Annick Guérard said in a statement alongside the ... Read More »
1 responseWSP CEO ‘absolutely’ sees company in same league as McKinsey as growth spree persists
By Christopher Reynolds, The Canadian Press on March 9th, 2023
MONTREAL – The head of WSP Global Inc. says it aims to keep growing apace following its latest spate of acquisitions, as he aspires to boost earnings and, eventually, vault into the same competitive arena as the world’s largest professional services firms. The engineering outfit projects between $10 billion and $10.6 billion in revenues this ... Read More »
Be the first to comment!S&P/TSX composite down in late-morning trading, U.S. stock markets higher
By The Canadian Press on March 9th, 2023
TORONTO – Losses in the base metals sector led Canada’s main stock index lower in late-morning trading, while U.S. stock markets climbed higher. The S&P/TSX composite index was down 16.44 points at 20,330.09. In New York, the Dow Jones industrial average was up 57.22 points at 32,855.62. The S&P 500 index was up 6.73 points ... Read More »
Be the first to comment!GM offers buyouts to most US salaried workers to trim costs
By Tom Krisher, The Associated Press on March 9th, 2023
DETROIT (AP) – General Motors is offering buyouts to most of its U.S. salaried workforce and some global executives in an effort to trim costs as it makes the transition to electric vehicles. The Detroit automaker wouldn’t say how many workers it is targeting, but confirmed that the move is aimed at accelerating attrition to ... Read More »
Be the first to comment!WSP Global projects more growth after acquisition spree
By The Canadian Press on March 9th, 2023
MONTREAL – The head of WSP Global Inc. says it aims to keep expanding following its latest spate of acquisitions. Chief executive Alexandre L’Heureux says the engineering firm projects between $10 billion and $10.6 billion in revenues this year, marking a jump of up to 19 per cent from 2022. He says the bigger WSP ... Read More »
Be the first to comment!Independent grocers defend chains against food inflation accusations
By The Canadian Press on March 9th, 2023
OTTAWA – An unlikely alliance between Canada’s independent grocers and the country’s three largest chains is forming amid accusations that grocery stores are to blame for higher food inflation. Lawmakers took turns lambasting executives of Loblaw Cos. Ltd., Metro Inc. and Empire Co. Ltd. during a parliamentary hearing in Ottawa on Wednesday, accusing the retailers ... Read More »
Be the first to comment!With airfares rising, here’s how to find a travel deal this year
By Christopher Reynolds, The Canadian Press on March 9th, 2023
MONTREAL – As demand surges and airfares soar to new heights, many Canadians are in search of travel deals this year. And low prices are out there – particularly for domestic flights. “In general, flight prices to nearly everywhere have increased, particularly in the past three months,” said Chris Myden, founder and CEO of Ydeals ... Read More »
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