Streamlined immigration program a ‘Band-Aid solution’: Pilots union
By The Canadian Press on September 22nd, 2023
OTTAWA – The union representing 11,000 Canadian pilots says a newly streamlined immigration program that looks to fill job gaps in transport fails to cut to the core of a dire labour shortage in aviation. Tim Perry, president of the Air Line Pilots Association’s Canadian chapter, says recent changes to the country’s Express Entry system ... Read More »
Be the first to comment!Markets close out week in the red over ‘higher for longer’ interest rate expectations
By Rosa Saba, The Canadian Press on September 22nd, 2023
TORONTO – Canada’s main stock index closed out Friday down just a handful of points after falling more than 400 points a day earlier,while U.S. stock markets also moved lower. It was Wall Street’s worst week in six months, but it closed with more of a whimper than a bang as Treasury yields softened slightly ... Read More »
Be the first to comment!S&P/TSX composite posts small loss Friday, U.S. markets also move lower
By The Canadian Press on September 22nd, 2023
TORONTO – Canada’s main stock index closed out Friday down just a handful of points after falling more than 400 points a day earlier,while U.S. stock markets also moved lower. The S&P/TSX composite index closed down 11.65 points at 19,779.97. In New York, the Dow Jones industrial average was down 106.58 points at 33,963.84.The S&P ... Read More »
Be the first to comment!Stock market today: Wall Street’s worst week in six months closes on another weak note
By Stan Choe, The Associated Press on September 22nd, 2023
NEW YORK (AP) – Wall Street’s worst week in six months closed on another weak note. The S&P 500 gave up an early gain and ended 0.2% lower Friday. The Dow Jones Industrial Average lost 106 points, and the Nasdaq composite slipped 0.1%. Stocks slid this week because of the growing understanding that interest rates ... Read More »
Be the first to comment!Smith says despite difficulty with Ottawa, Alberta has allies in Trudeau cabinet
By Bill Graveland, The Canadian Press on September 22nd, 2023
BANFF, Alta. – Alberta Premier Danielle Smith told a business conference on Friday that despite her concerns with the federal Liberal government, there are some cabinet ministers she can work with. Smith has been at odds with federal Environment Minister Steven Guilbeault and Natural Resources Minister Jonathan Wilkinson amid concerns over Ottawa’s climate-change policies and ... Read More »
Be the first to comment!Ramp up in U.S. auto strike expected to affect Canadian parts producers
By The Canadian Press on September 22nd, 2023
TORONTO – Autoworkers in the U.S. ramped up their strike Friday in a move that’s expected to have knock-on effects for Canadian parts producers. The expanded strike saw United Auto Worker members walk out at 38 General Motors and Stellantis parts-distribution centres in 20 states, adding 5,600 workers to the 13,000 who began strikes last ... Read More »
Be the first to comment!Canada’s manufacturing sector seeks to reduce ‘repetitive labour’ through AI
By Sammy Hudes, The Canadian Press on September 22nd, 2023
TORONTO – Artificial intelligence and increased automation can help lessen the load for workers at a time when Canada faces a labour shortage in the construction and manufacturing sector. That’s one of the messages being shared at this year’s Canadian Manufacturing Technology Show taking place in Toronto next Monday to Thursday. The annual event is ... Read More »
Be the first to comment!Auto workers are expanding their strike to 38 locations in 20 states, targeting Stellantis and GM
By David Koenig, The Associated Press on September 22nd, 2023
The United Auto Workers union expanded its strike against major carmakers Friday, walking out of 38 General Motors and Stellantis parts-distribution centers in 20 states. Ford was spared additional strikes because the company has met some of the union’s demands during negotiations over the past week, UAW President Shawn Fain said during an online presentation ... Read More »
Be the first to comment!West Fraser selling two pulp mills to Atlas Holdings for US$120 million
By The Canadian Press on September 22nd, 2023
VANCOUVER – West Fraser Timber Co. Ltd. has signed a deal to sell two pulp mills in Western Canada to Atlas Holdings for US$120 million. The sale includes West Fraser’s Quesnel River Pulp mill in Quesnel, B.C., and its Slave Lake Pulp mill in Slave Lake, Alta. The agreement also covers related woodlands operations and ... Read More »
Be the first to comment!Prime Video to introduce advertisements, increase cost for ad-free streaming
By Nicole Thompson, The Canadian Press on September 22nd, 2023
TORONTO – Prime Video is set to introduce advertisements on its platform next year. Amazon’s streaming service says the cost won’t change for those willing to sit through commercial breaks, which it describes as “meaningfully fewer” than what’s seen on “traditional TV and other streaming members.” The company has yet to announce how much the ... Read More »
Be the first to comment!Canada Post reviewing use of address data following criticism from privacy watchdog
By The Canadian Press on September 22nd, 2023
OTTAWA – Canada Post says it is reviewing how it uses data for tailored marketing campaigns after the federal privacy watchdog found the post office was breaking the law by gleaning information from the outsides of envelopes and packages. Privacy commissioner Philippe Dufresne said in a report released this week that information collected for the ... Read More »
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