NextStar expects up to 900 foreign workers to help build Windsor battery plant
By The Canadian Press on November 23rd, 2023
WINDSOR, Ont. – NextStar Energy Inc. says it expects upwards of 900 foreign workers to help build its heavily-subsidized battery plant in Windsor, Ont. The company, joint-owned by Stellantis and South Korea-based LG Corp., says the temporary global staff will be part of the roughly 1,600 technicians its external suppliers will use to assemble, install ... Read More »
Be the first to comment!IEA report warns oil and gas companies against banking on carbon capture
By The Canadian Press on November 23rd, 2023
CALGARY – A new report from the International Energy Agency warns that oil and gas companies shouldn’t bank on carbon capture and storage to help them maintain their status quo on a warming planet. Carbon capture and storage refers to the use of technology to sequester harmful greenhouse gas emissions from industrial processes and store ... Read More »
Be the first to comment!S&P/TSX composite higher in late-morning trading, U.S. stock markets closed
By The Canadian Press on November 23rd, 2023
TORONTO – Canada’s main stock index was up in late-morning trading, helped higher by gains in the industrial, technology and financial stocks. The S&P/TSX composite index was up 41.76 points at 20,155.72. U.S. stock markets are closed for their Thanksgiving holiday. The Canadian dollar traded for 72.98 cents US compared with 72.87 cents US on ... Read More »
Be the first to comment!Pension fund opposes Brookfield-led bid for Australian company Origin Energy
By The Canadian Press on November 23rd, 2023
TORONTO – A vote by shareholders of Australian’s Origin Energy Ltd. on a takeover offer by a Brookfield-led consortium of investors and EIG has been delayed after the utility’s largest shareholder voiced opposition to the proposal. Pension fund manager AustralianSuper says it holds a stake of more than 17 per cent in Origin and that ... Read More »
Be the first to comment!Thrifting, regifting and bargain hunting: The etiquette of gift-giving on a budget
By Christopher Reynolds, The Canadian Press on November 23rd, 2023
MONTREAL – Five years ago, Julie Blais Comeau received a present. Then she learned the Christmas-themed apron and dish towel weren’t for her – originally. “I got a gift from somebody that was intended for someone else,” she said, laughing. The gift tag hadn’t even been swapped for one with her name. Regiftingremains one of ... Read More »
Be the first to comment!To save the climate, the oil and gas sector must slash planet-warming operations, report says
By Sibi Arasu, The Associated Press on November 23rd, 2023
The oil and gas sector, one of the major emitters of planet-warming gases, will need a rapid and substantial overhaul for the world to avoid even worse extreme weather events fueled by human-caused climate change, according to a report released Thursday. The current investment of $800 billion a year in the oil and gas sector ... Read More »
Be the first to comment!Yukon finance minister tables public accounts for last fiscal year
By The Canadian Press on November 22nd, 2023
WHITEHORSE – The Yukon government says it posted a $105-million surplus in the 2022-23 fiscal year, $65 million more than it predicted. Yukon Finance Minister Sandy Silver tabled the territory’s public accounts in the legislative assembly Wednesday, reporting a multimillion-dollar surplus far above budget forecasts for the time period. The government says it had $1.86 ... Read More »
Be the first to comment!Hudson’s Bay owner makes US$340 million from North American real estate sales
By The Canadian Press on November 22nd, 2023
NEW YORK – The company that owns Hudson’s Bay says it completed real estate transactions in Canada and the U.S. resulting in a gain of around US$340 million. HBC LP, which also owns Saks Fifth Avenue and Saks OFF 5th, says in a statement that it’s the owner and developer of a North American real-estate ... Read More »
Be the first to comment!TSX ekes out gain as energy weighs on index, while U.S. markets rise
By Rosa Saba, The Canadian Press on November 22nd, 2023
TORONTO – Canada’s main stock index eked out a gain on Wednesday as losses in the energy sector weighed on the index, while U.S. markets rose. The S&P/TSX composite index closed up 3.99 points at 20,113.96. In New York, the Dow Jones industrial average was up 184.74 points at 35,273.03. The S&P 500 index was ... Read More »
Be the first to comment!S&P/TSX composite edges higher despite energy weakness, U.S. stock markets rise
By The Canadian Press on November 22nd, 2023
TORONTO – Canada’s main stock index eked out a gain on Wednesday as losses in the energy sector weighed on the index, while U.S. markets rose. The S&P/TSX composite index closed up 3.99 points at 20,113.96. In New York, the Dow Jones industrial average was up 184.74 points at 35,273.03. The S&P 500 index was ... Read More »
Be the first to comment!Montreal airport moves to reduce car congestion after traffic backups
By The Canadian Press on November 22nd, 2023
MONTREAL – The authority overseeing the Montreal airport is rolling out measures to reduce congestion after a post-pandemic surge in car traffic over the summer prompted a wave of frustration among passengers trying to make their gate on time. Gridlock on the road leading to Trudeau airport routinely pushed passengers to exit their vehicles and ... Read More »
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