Business
New alcohol recommendations could speed up changing drinking habits: businesses
By Rosa Saba, The Canadian Press on January 30th, 2023
Advocates and business owners in the beverage industry say new guidance for drinking alcohol could speed up changing consumer drinking habitsas younger generations drink less and non-alcoholic beverages become more popular. A report released earlier this month by the Canadian Centre on Substance Use and Addiction, funded by Health Canada, stirred up widespread attention when ... Read More »
Be the first to comment!Automakers Renault, Nissan make cross-shareholdings equal
By The Associated Press on January 29th, 2023
TOKYO (AP) – Nissan and Renault have changed their mutual cross-shareholdings equal at 15%, ironing out a source of conflict in the Japan-French auto alliance. Renault Group will transfer 28.4% of the Nissan shares it owns into a French trust, so its stake will be the same 15% that Nissan Motor Co. has in the ... Read More »
Be the first to comment!Alberta landowners fear repeat of orphan well crisis as renewable energy booms
By Amanda Stephenson, The Canadian Press on January 29th, 2023
CALGARY – Once bitten, twice shy. It’s an old adage that explains why Jason Schneider, the elected reeve of Vulcan County, Alta., is jittery about the renewable energy boom under way in his province. Like many in rural Alberta, Schneider is still smarting over the way municipalities were left holding the bag when an oil ... Read More »
1 responseInflation-focused Pierre Poilievre back to Parliament as health-care talks loom
By Stephanie Taylor, The Canadian Press on January 28th, 2023
OTTAWA – It’s no secret what Pierre Poilievre thinks about government spending and inflation. Same with guns. But what does the Conservative leader think should happen when premiers ask for billions more in federal health transfers? With a deal under negotiation between Ottawa and provinces, and premiers invited to a meeting with Prime Minister Justin ... Read More »
1 responseFortisBC Holdings Inc. signs agreement with First Nation over B.C. LNG project
By The Canadian Press on January 27th, 2023
SURREY, B.C. – FortisBC Holdings Inc. says it has signed a deal with a First Nation in British Columbia over the Tilbury liquefied natural gas expansion projects. The subsidiary of utilities company FortisInc. says it will collaborate with the Snuneymuxw First Nation on the expansion of the Tilbury LNG facility in Delta, B.C., and related ... Read More »
1 responseMilk prices in New Brunswick set to increase four cents per litre starting Feb. 1
By The Canadian Press on January 27th, 2023
FREDERICTON – Milk prices in New Brunswick are set to increase by four cents per litre starting Wednesday. A news release from the New Brunswick Farm Products Commission blames the increase on rising production costs faced by dairy producers and processors. It says dairy farmers are paying more for feed, machinery and equipment repairs, fuel ... Read More »
1 responseS&P/TSX composite largely unchanged Friday, U.S. markets up
By The Canadian Press on January 27th, 2023
TORONTO – Canada’s main stock index was largely unchanged on the last trading day of the week, with mixed results across sectors, while U.S. markets were up, led by the Nasdaq. The S&P/TSX composite index was up 13.98 points at 20,714.48. In New York, the Dow Jones industrial average was up 28.67 points at 33,978.08. ... Read More »
1 responseWall Street ticks higher to close out another strong week
By Stan Choe And Damian J. Troise, The Associated Press on January 27th, 2023
NEW YORK (AP) – Stocks closed higher on Wall Street, marking the market’s third winning week in the last four. The S&P 500 rose 0.2% Friday, having given up much of its afternoon gain. The Nasdaq composite climbed 0.9% and the Dow ended up about 0.1%. American Express helped lead the way. It jumped after ... Read More »
1 responseHouse GOP seeks new restrictions on use of US oil stockpile
By Matthew Daly, The Associated Press on January 27th, 2023
WASHINGTON (AP) – For the second time this month, House Republicans have advanced a measure to restrict presidential use of the nation’s emergency oil stockpile – a proposal that has already drawn a White House veto threat. A GOP bill approved Friday would require the government to offset any non-emergency withdrawals from the Strategic Petroleum ... Read More »
Be the first to comment!Western Forest Products’ Port Alberni, B.C., mill closes as company seeks viable path
By The Canadian Press on January 27th, 2023
VANCOUVER – More than 100 workers in Port Alberni are the latest forest industry employees to face layoffs as Western Forest Products confirms it will not restart its sawmill in that Vancouver Island city. The Alberni-Pacific Division facility has been closed since last fall, but the curtailment was only expected to last for six months, ... Read More »
Be the first to comment!Shopify CTO Allan Leinwand steps down for ‘personal reason,’ Lütke to take over R&D
By The Canadian Press on January 27th, 2023
OTTAWA – Shopify Inc. says chief technology officer Allan Leinwand will be departing the company with chief executive Tobi Lütke to take on some of his responsibilities. In a statement from Leinwand provided by the Ottawa-based e-commerce giant, he says he is leaving Shopify for an unspecified “personal reason.” Leinwand, once a senior vice-president of ... Read More »
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