Metroland ends print editions of community papers, keeps regional dailies
By The Canadian Press on September 15th, 2023
TORONTO – Metroland Media Group says it plans to end the print editions of its community newspapers and will exit the flyer business as it seeks protection under the Bankruptcy and Insolvency Act as part of a restructuring plan. The move will mean the loss of 605 jobs or about 60 per cent of its ... Read More »
Be the first to comment!Oil companies can only decarbonize as fast as the rest of the economy: Shell Canada
By The Canadian Press on September 15th, 2023
CALGARY – The president of British oil giant Shell’s Canadian subsidiary says the pace of the global energy transition isn’t up to oil and gas companies. Shell Canada president Susannah Pierce says while oil and gas companies must do what they can to reduce their own emissions, they can only move as fast as the ... Read More »
Be the first to comment!Canadian Press NewsAlert: Metroland Media Group seeks bankruptcy protection
By The Canadian Press on September 15th, 2023
TORONTO – Metroland Media Group says it plans to end the print editions of its community newspapers and will exit the flyer business as it seeks protection under the Bankruptcy and Insolvency Act as part of a restructuring plan. More coming... Read More »
Be the first to comment!S&P/TSX composite little changed in mid-morning trading, U.S. markets down
By The Canadian Press on September 15th, 2023
TORONTO – Canada’s main stock index was little changed in midday trading Friday, while U.S. markets traded lower, led by losses in tech. The S&P/TSX composite index was up 1.43 points at 20,569.27. In New York, the Dow Jones industrial average was down 175.53 points at 34,731.58. The S&P 500 index was down 40.84 points ... Read More »
Be the first to comment!Workers strike at all 3 Detroit automakers in a battle for a bigger share of industry profits
By Tom Krisher, Corey Williams And Mike Householder, The Associated Press on September 15th, 2023
DETROIT (AP) – About 13,000 U.S. auto workers stopped making vehicles and went on strike Friday after their leaders couldn’t bridge a giant gap between union demands in contract talks and what Detroit’s three automakers are willing to pay. Members of the United Auto Workers union began picketing at a General Motors assembly plant in ... Read More »
Be the first to comment!Canadian tech organization urges ‘responsible’ approach to AI regulation
By Tara Deschamps, The Canadian Press on September 15th, 2023
TORONTO – An organization representing more than 150 Canadian tech companies is calling on the country to take a sensitive but speedy approach to artificial intelligence. In a report released Friday, the Council of Canadian Innovators (CCI) argues the country has an opportunity to be a leader in the global AI sector, currently valued at ... Read More »
Be the first to comment!Stock market today: Wall Street opens lower but is still on track for weekly gains
By Yuri Kageyama And Matt Ott, The Associated Press on September 15th, 2023
NEW YORK (AP) – Stocks are slipping in early trading on Wall Street but not enough to erase the market’s gains for the week. The S&P 500 was down 0.4% in the first few minutes of trading Friday. The Dow edged down 37 points and the Nasdaq composite was off 0.5%. The market mostly rose ... Read More »
Be the first to comment!National home sales fall 4% between July and August as market slows: CREA
By The Canadian Press on September 15th, 2023
OTTAWA – The Canadian Real Estate Association says home sales slowed last month as they tumbled by roughly four per cent between July and August. Seasonally adjusted sales totalled 38,345 in August compared with 39,996 in July. The actual number of sales amounted to 40,257, up 5.3 per cent from a year earlier. CREA says ... Read More »
Be the first to comment!Statistics Canada says manufacturing sales up 1.6% in July after falling in June
By The Canadian Press on September 15th, 2023
OTTAWA – Statistics Canada says manufacturing sales rose 1.6 per cent to $71.9 billion in July, boosted by higher sales of food products, petroleum and coal products and transportation equipment. The increase followed at 2.0 per cent decline in June. The agency says sales of food products rose 3.1 per cent to $12.4 billion in ... Read More »
Be the first to comment!TikTok is hit with $368 million fine under Europe’s strict data privacy rules
By Kelvin Chan, The Associated Press on September 15th, 2023
LONDON (AP) – European regulators slapped TikTok with a $368 million fine on Friday for failing to protect children’s privacy, the first time that the popular short video-sharing app has been punished for breaching Europe’s strict data privacy rules. Ireland’s Data Protection Commission, the lead privacy regulator for Big Tech companies whose European headquarters are ... Read More »
Be the first to comment!U.S. auto strike expected to affect Canada in deeply integrated industry
By The Canadian Press on September 15th, 2023
TORONTO – A limited strike by autoworkers in the United States is expected to affect the sector in Canada as the industry in both countries is deeply integrated. About 13,000 U.S. workers went on strike Friday at the three big U.S. auto companies after they failed to reach a new contract. Members of the United ... Read More »
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