Business
Amid high inflation, MPs should push grocer CEOs to disclose margins on food: experts
By Nojoud Al Mallees, The Canadian Press on March 7th, 2023
OTTAWA – As members of Parliament gear up to grill the CEOs of Canada’s largest grocery store chains, experts say elected officials should push for more transparency on why grocers are making so much money. The CEOs and presidents of Loblaw Cos. Ltd., Metro Inc. and Empire Co. Ltd. – which operates chains including Sobeys, ... Read More »
Be the first to comment!Women powered pandemic shift toward higher paying jobs, but pay gap persists: RBC
By Tara Deschamps, The Canadian Press on March 7th, 2023
TORONTO – Women have powered a recent shift toward higher-paying and -skilled jobs, but a pay gap will persist until they cease being outnumbered by men in senior management positions, says a new report. Canada’s labour market saw nearly 200,000 women stream into jobs involving less in-person contact and often significantly higher wages after many ... Read More »
Be the first to comment!S&P/TSX composite edges lower Monday on energy stock weakness; U.S. markets mixed
By Rosa Saba, The Canadian Press on March 6th, 2023
TORONTO – Canada’s main stock index edged lower Monday, softening as the afternoon progressed with weakness in energy stocks, while U.S. markets were mixed but didn’t make big moves in either direction. The S&P/TSX composite index was down 66.78 points at 20,514.80. In New York, the Dow Jones industrial average was up 40.47 points at ... Read More »
Be the first to comment!Zelenskyy vows not to retreat from Ukrainian city of Bakhmut
By Mstyslav Chernov, The Associated Press on March 6th, 2023
CHASIV YAR, Ukraine (AP) – Ukrainian President Volodymyr Zelenskyy vowed Monday not to retreat from Bakhmut as Russian forces encroached on the devastated eastern city they have sought to capture for six months at the cost of thousands of lives. Less than a week ago, an adviser to Zelenskyy said the defenders might give up ... Read More »
Be the first to comment!Montreal home sales hit new all-time low for February: Quebec board
By The Canadian Press on March 6th, 2023
MONTREAL – The Quebec Professional Association of Real Estate Brokers says Montreal’s February home sales hit a new low last month, dropping 32 per cent from the prior February. Sales for the month totalled 2,996 compared with 4,375 a year ago. Despite the all-time low sales in February and a share rise in the number ... Read More »
Be the first to comment!Stocks mixed as Wall Street preps for a potentially big week
By Stan Choe, The Associated Press on March 6th, 2023
NEW YORK (AP) – Stocks drifted to a mixed close as Wall Street stays in a holding pattern ahead of a potentially big week. The S&P 500 edged up 0.1% Monday after coming off its first winning week in the last four. Treasury yields were holding steady following big recent moves higher. The stock market ... Read More »
Be the first to comment!Company behind Sporting Life and Golf Town set to launch new Team Town Sports store
By Brett Bundale, The Canadian Press on March 6th, 2023
Canadian retailer Sporting Life Group is launching a new chain of big box stores that will cater to players of team sports of all ages and genders. Team Town Sports will open its first three locations this spring in Alberta and Ontario, with plans to expand to 25 stores across the country, the company said ... Read More »
Be the first to comment!Advisory firms recommend Ritchie Bros. shareholders vote against IAA deal
By The Canadian Press on March 6th, 2023
VANCOUVER – A report by Institutional Shareholder Services recommends shareholders of Ritchie Bros. Auctioneers Inc. vote against the company’s deal to buy automotive salvage company IAA Inc. The proxy advisory services firm says it believes the potential risks associated with the deal appear to outweigh the potential upside articulated by the Ritchie Bros. board. Ritchie ... Read More »
1 responseTwitter glitches as links, images fail to load
By Associated Press, The Associated Press on March 6th, 2023
Twitter experienced a bevy of glitches Monday as links stopped working, some users were unable to log in and images were not loading for others. The company, which has experienced an uptick instability and bugs in recent months after Elon Musk cut its staff sharply, said “Some parts of Twitter may not be working as ... Read More »
1 responseAir travellers face higher airport fees following pandemic disruptions: report
By Sammy Hudes, The Canadian Press on March 6th, 2023
TORONTO – Canadian travellers are facing increased airport fees after the pandemic grounded revenues and led to more debt for airports across the country. COVID-19 disrupted the airport sector’s “relatively stable” and resilient business model, as Canadian airports have added around $3.2 billion in combined debt, DBRS Morningstar said in analysis note on Monday. Unlike ... Read More »
1 responseUkrainian military vows to hold Bakhmut as Russians close in
By Mstyslav Chernov, The Associated Press on March 6th, 2023
CHASIV YAR, Ukraine (AP) – Ukrainian military leaders expressed determination Monday to hold onto Bakhmut as Russian forces encroached on the devastated eastern city they have sought to capture for six months at the cost of thousands of lives. Less than a week ago, an adviser to Ukrainian President Volodymyr Zelenskyy said the defenders might ... Read More »
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