Business
Postmedia cuts more than 75 printing, inserting jobs in Windsor: Unifor
By The Canadian Press on January 30th, 2023
WINDSOR, Ont. – Unifor and CWA Canada say Postmedia has cut more than 75 jobs by outsourcing the printing and insertingof the Windsor Star. The unions say printing is being transferred to a Toronto printer, and the papers will then be shipped back to Windsor for distribution, while inserting will now be done at a ... Read More »
Be the first to comment!S&P/TSX composite loses almost 150 points Monday, U.S. markets down further
By The Canadian Press on January 30th, 2023
TORONTO – Canada’s main stock index was down almost 150 points Monday with broad-based losses, while U.S. stock markets retreated further from last week’s gains. The S&P/TSX composite index was down 142.37 points at 20,572.11. In New York, the Dow Jones industrial average was down 260.99 points at 33,717.09. The S&P 500 index was down ... Read More »
Be the first to comment!Wall Street falls ahead of mammoth week with Fed, earnings
By Stan Choe, The Associated Press on January 30th, 2023
NEW YORK (AP) – Stocks closed lower on Wall Street ahead of a week full of potentially market-moving events. The S&P 500 fell 1.3% Monday as markets prepare for decisions on interest rates around the world and a slew of earnings reports. Wall Street ended last week at its highest level since early December in ... Read More »
Be the first to comment!New alcohol recommendations could speed up changing drinking habits, businesses say
By Rosa Saba, The Canadian Press on January 30th, 2023
TORONTO – New guidance for drinking alcohol could speed up changing consumer drinking habits as younger generations drink less and non-alcoholic beverages become more popular, advocates and business owners in the beverage industry say. A report released earlier this month by the Canadian Centre on Substance Use and Addiction, funded by Health Canada, stirred widespread ... Read More »
Be the first to comment!Congressman wants Canada, U.S. to use video teleconferencing for Nexus interviews
By The Canadian Press on January 30th, 2023
WASHINGTON – A New York congressman wants to add some Zoom to the sluggish effort to clear a bilateral backlog of Nexus trusted-traveller applications. If passed, the “Make Nexus Work Act,” introduced by Democrat Rep. Brian Higgins, would require U.S. Customs and Border Protection to rely on video teleconferencing instead of in-person interviews. Higgins says ... Read More »
Be the first to comment!After Tesla price cut, Ford follows suit with Mustang Mach-E
By Tom Krisher, The Associated Press on January 30th, 2023
DETROIT (AP) – Ford is cutting prices on its Mustang Mach-E electric SUV by as much as $6,000 just weeks after market leader Tesla took similar steps. The Detroit automaker is increasing production of the Mach-E this year and said it is taking advantage of streamlined costs to reduce prices across the board, it said ... Read More »
Be the first to comment!Janus Henderson Investors to oppose Ritchie Bros. deal to buy IAA
By The Canadian Press on January 30th, 2023
VANCOUVER – A second investment manager is voicing its opposition to a plan by Ritchie Bros. Auctioneers Inc. buy vehicle auction company IAA Inc. In a letter to the Ritchie Bros. board, Janus Henderson Investors says it believes the deal would introduce a level of unnecessary risk for Ritchie Bros. shareholders. The firm, which is ... Read More »
1 responseS&P/TSX composite down amid tech sector losses, U.S. stock markets also lower
By The Canadian Press on January 30th, 2023
TORONTO – Losses in the technology sector helped lead Canada’s main stock index lower in late-morning trading, while U.S. stock markets also retreated to start the week. The S&P/TSX composite index was down 27.46 points at 20,687.02. In New York, the Dow Jones industrial average was down 27.06 points at 33,951.02. The S&P 500 index ... Read More »
1 responseWall Street slips ahead of mammoth week with Fed, earnings
By Elaine Kurtenbach And Matt Ott, The Associated Press on January 30th, 2023
NEW YORK (AP) – THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below. Wall Street was poised to open with lower Monday as attention turns to this week’s decision by the Federal Reserve on interest rates and a week heavy with big tech earnings. Futures for the Dow Jones industrials slipped 0.6% and ... Read More »
1 responseCompanies make progress on anti-Black racism, but workers worry about recession: poll
By The Canadian Press on January 30th, 2023
TORONTO – A survey by KPMG says most Black Canadians feel their employers made progress addressing anti-Black racism last year, but they worry about what a recession could mean for those gains. The report found 90 per cent of Black Canadians surveyed said their employers made progress on efforts to be more equitable and inclusive ... Read More »
1 responseCompanies extend deadline to close Rogers-Shaw deal to Feb. 17
By The Canadian Press on January 30th, 2023
TORONTO – The companies involved in the Rogers Communications Inc. deal to buy Shaw Communications have extended the deadline to complete the transaction. Rogers, Shaw, the Shaw Family Living Trust and Quebecor Inc. say they have extended the deadline to Feb. 17 from Tuesday. If approved, the deal will see Rogers acquire Shaw, while Quebecor’s ... Read More »
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