Grocery CEOs meet with ministers, agree to work to stabilize food prices
By Nojoud Al Mallees, The Canadian Press on September 18th, 2023
OTTAWA – Top executives from Canada’s major grocery chains met with two federal cabinet ministers on Monday for “difficult discussions” to talk about measures to stabilize grocery prices. Finance Minister Chrystia Freeland and Industry Minister François-Philippe Champagne met with executives from Loblaw, Metro, Empire, Walmart and Costco this morning. “They have agreed to support the ... Read More »
Be the first to comment!Rogers urged minister to not turn off its customers’ access to 5G network on TTC
By Sammy Hudes, The Canadian Press on September 18th, 2023
TORONTO – Before Industry Minister François-Philippe Champagne ruled Rogers Communications Inc. must grant its rivals access to its cellular network on Toronto’s subway, the company had urged Ottawa not to force it to turn off access for its own customers, newly released documents reveal. In an Aug. 28 filing to Innovation, Science and Economic Development ... Read More »
Be the first to comment!Undo Line 5 shutdown order, federal government’s filing urges U.S. appeals court
By The Canadian Press on September 18th, 2023
WASHINGTON – Ottawa is urging a U.S. appeals court to reverse a Wisconsin judge’s order that threatens to shut down the Line 5 cross-border pipeline by June 2026. Forcing a shutdown would violate Canada’s treaty rights, government lawyers argue in an amicus brief filed today with the U.S. Seventh Circuit Court of Appeals. A Wisconsin ... Read More »
Be the first to comment!Rogers urged minister not to turn off its customers’ access to 5G network on TTC
By The Canadian Press on September 18th, 2023
TORONTO – Newly released documents show that before Industry Minister François-Philippe Champagne ruled Rogers Communications Inc. must grant its rivals access to its cellular network on Toronto’s subway, the company had urged Ottawa not to turn off access for its own customers. In an Aug. 28 filing to Innovation, Science and Economic Development (ISED) Canada, ... Read More »
Be the first to comment!Federal Reserve is poised to leave rates unchanged as it tracks progress toward a ‘soft landing’
By Christopher Rugaber, The Associated Press on September 18th, 2023
WASHINGTON (AP) – Since Federal Reserve officials last met in July, the economy has moved in the direction they hoped to see: Inflation continues to ease, if more slowly than most Americans would like, while growth remains solid and the job market cools. When they meet again this week, the policymakers are likely to decide ... Read More »
Be the first to comment!The strike by auto workers is entering its 4th day with no signs that a breakthrough is near
By Associated Press, The Associated Press on September 18th, 2023
The auto workers’ strike against Detroit’s Big Three went into its fourth day on Monday with no signs of an early breakthrough and against the threat that the walkout could soon spread. In a sign of the potential economic and political of a long strike, President Joe Biden is sending two top administration officials to ... Read More »
Be the first to comment!S&P/TSX composite down more than 150 points, U.S. stock markets higher
By The Canadian Press on September 18th, 2023
TORONTO – Losses in the technology and base metal stocks helped lead a broad-based decline as Canada’s main stock index fell more than 150 points in late-morning trading, while U.S. stock markets moved higher. The S&P/TSX composite index was down 160.52 points at 20,461.82. In New York, the Dow Jones industrial average was up 28.78 ... Read More »
Be the first to comment!BMO to shutter indirect retail auto finance business as bad debt mounts
By The Canadian Press on September 18th, 2023
MONTREAL – BMO Financial Group plans to close its indirect retail auto finance business in order to reroute resources, as borrowers dig deep to stay on top of recent interest rate hikes. The decision will also trigger an unspecified number of layoffs in Canada and the U.S., the Bank of Montreal said. It comes after ... Read More »
Be the first to comment!Champagne, Freeland meet with grocery executives to discuss stabilizing prices
By The Canadian Press on September 18th, 2023
OTTAWA – Top executives from Canada’s major grocery chains are in Ottawa this morning to meet with two federal cabinet ministers and discuss measures to stabilize grocery prices. Finance Minister Chrystia Freeland and Industry Minister François-Philippe Champagne are set to meet with executives from Loblaw, Metro, Empire, Walmart and Costco this morning. Prime Minister Justin ... Read More »
Be the first to comment!Backlog of air passenger complaints tops 57,000, hitting new peak
By The Canadian Press on September 18th, 2023
MONTREAL – The backlog of air passenger complaints at Canada’s transport regulator has hit a new high of more than 57,000, as dissatisfaction over cancellation and compensation persist three and a half years after the outbreak of the COVID-19 pandemic. The numbers reveal that an average of more than 3,000 complaints per month have piled ... Read More »
Be the first to comment!Stock market today: Wall Street drifts and oil prices climb ahead of Fed meeting
By Elaine Kurtenbach And Matt Ott, The Associated Press on September 18th, 2023
NEW YORK (AP) – Wall Street is drifting in the early going, while oil prices keep climbing and raising pressure on inflation. The S&P 500 was little changed in the first few minutes of trading Monday, coming off its second straight losing week. The Dow Jones Industrial Average was just barely higher and the Nasdaq ... Read More »
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