Teck Resources president and COO Harry Conger to retire Wednesday
By The Canadian Press on October 30th, 2023
VANCOUVER – Teck Resources Ltd. says Harry (Red) Conger will retire as president and chief operating officer, effective Wednesday. He is also expected to step down from Teck’s board of directors at the same time. Teck says chief executive Jonathan Price will assume the role of president, while a search will be conducted to fill ... Read More »
Be the first to comment!General Motors reaches tentative agreement with UAW, potentially ending 6-week strike
By Tom Krisher And Frank Bajak, The Associated Press on October 30th, 2023
DETROIT (AP) – General Motors and the United Auto Workers union reach a tentative contract agreement, according to an AP source. The deal follows the pattern set with Ford last week and Jeep maker Stellantis over the weekend. Those deals will last four years and eight months and include 25% general pay raises and cost ... Read More »
Be the first to comment!Air Canada profits soar as travel demand stays high
By Christopher Reynolds, The Canadian Press on October 30th, 2023
MONTREAL – Air Canada reported surging profits in its latest quarter as consumers continued to spend on travel, despite higher inflation and interest rates weighing on their wallets. The country’s biggest airline saw net income for its third quarter jump to $1.25 billion from a half-billion-dollar loss in the same period a year earlier. On ... Read More »
Be the first to comment!Unifor reaches tentative contract agreement with Stellantis, ending brief strike
By The Canadian Press on October 30th, 2023
TORONTO – Unifor says it has reached a tentative deal with Stellantis, ending a brief strike at the automaker. More than 8,200 workers represented by Unifor had walked off the job at Stellantis facilities in Canada after the two sides failed to reach a deal by a Sunday deadline, however the union and the company ... Read More »
Be the first to comment!Canadian Press NewsAlert: Unifor reaches tentative deal with Stellantis
By The Canadian Press on October 30th, 2023
TORONTO – Unifor says it has reached a tentative deal with Stellantis, ending a brief strike at the U.S. automaker. More coming... Read More »
Be the first to comment!Air Canada reports $1.25B Q3 profit, operating revenue up 19% from year ago
By The Canadian Press on October 30th, 2023
MONTREAL – Air Canada reported a profit of $1.25 billion in its latest quarter compared with a loss of $508 million in the same quarter last year. The airline says the profit amounted to $3.08 per diluted share for the quarter ended Sept. 30 compared with a loss of $1.42 per diluted share a year ... Read More »
Be the first to comment!St. Lawrence Seaway traffic to start moving again after tentative deal ends strike
By The Canadian Press on October 30th, 2023
TORONTO – The St. Lawrence Seaway Management Corp. says ships are expected to start moving this morning after it reached a tentative deal with Unifor to end a strike by workers that brought the system to a halt. The company says workers will be back on the job as of 7 a.m. The tentative agreement, ... Read More »
Be the first to comment!When a private mortgage is the ‘only game in town,’ having an exit strategy is key
By Michelle Zadikian, The Canadian Press on October 30th, 2023
As tougher lending requirements have more homeowners turning to the private mortgage market, brokers say having a strategy to eventually get out of the loan is crucial, or they risk falling into a debt trap that could eventually lead to a “˜For Sale’ sign on the front lawn. “Getting out is very difficult. And if ... Read More »
Be the first to comment!Young Canadians more anxious about debt, more likely to miss a bill payment: Equifax
By The Canadian Press on October 30th, 2023
TORONTO – Equifax Canada says young Canadians are more anxious about their personal debt and more likely to have missed a bill payment this year. In a survey conducted in September, the agency says 36 per cent of younger adults reported having missed a bill payment this year, compared with 23 per cent overall. Meanwhile, ... Read More »
Be the first to comment!Unifor workers at Stellantis strike as deal deadline passes
By The Canadian Press on October 29th, 2023
TORONTO – Unifor says Canadian autoworkers have gone on strike at Stellantis operations in Canada after failing to reach a deal by Sunday’s deadline. A statement from the union says more than 8,200 workers have walked off the job at all Stellantis facilities. Unifor National President Lana Payne says the union has made progress and ... Read More »
Be the first to comment!CP NewsAlert: Unifor workers at Stellantis strike as deal deadline passes
By The Canadian Press on October 29th, 2023
TORONTO – Unifor says Canadian autoworkers have gone on strike at Stellantis operations in Canada after failing to reach a deal by Sunday’s deadline. A statement from the union says more than 8,200 workers have walked off the job at all Stellantis facilities. Unifor National President Lana Payne says the union has made progress and ... Read More »
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