Defined benefit pension plans improve in second quarter: Mercer
By The Canadian Press on July 4th, 2023
TORONTO – Mercer says Canadian defined benefit pension plans continued to improve in the second quarter of 2023. That’s despite the U.S. debt ceiling scare and the lingering effects of the banking crises south of the border. Mercer says pension funds’ investment returns were mostly positive in the second quarter, and increases in bond yields ... Read More »
Be the first to comment!Competition Bureau movie ticket price dripping case should be dismissed: Cineplex
By The Canadian Press on July 4th, 2023
TORONTO – Cineplex Inc. says a case the Competition Bureau recently launched against the theatre chain should be dismissed because it’s based on a “mischaracterization.” The case from the competition watchdog is based on the premise that fees applied to some Cineplex movie tickets bought online constitute price dripping, where customers are drawn into a ... Read More »
Be the first to comment!Rogers launches voluntary departure program to eliminate ‘overlap’ after Shaw merger
By The Canadian Press on July 4th, 2023
TORONTO – Rogers Communications Inc. is offering voluntary departure packages to some employees as it integrates Shaw Communications Inc. following its $26-billion purchase of the carrier in April. In a memo to staff on Tuesday, CEO Tony Staffieri says Rogers has been looking to reduce some overlap in roles since the companies combined. The memo ... Read More »
Be the first to comment!Ottawa urged to look into best before date system in bid to reduce grocery waste
By The Canadian Press on July 4th, 2023
There are calls for Canada to look into best before dates and whether they worsen food waste and food insecurity. A report on grocery affordability from a House of Commons committee on agriculture and agri-food quotes the CEO of Second Harvest Canada as saying Canadians’ misconceptions about best before dates lead to an excess of ... Read More »
Be the first to comment!Nearly 2,000 Air Canada flights delayed, cancelled over long weekend
By The Canadian Press on July 4th, 2023
MONTREAL – Figures from aviation tracker FlightAware show that nearly 2,000 Air Canada flights were delayed or cancelled over the Canada Day long weekend. Roughly half of all trips by the country’s biggest airline – including its lower-cost Air Canada Rouge and regional partner Jazz Aviation – were disrupted Saturday through Monday. The 1,965 flight ... Read More »
Be the first to comment!Meta looks to target Twitter with a rival app called Threads
By Kelvin Chan, The Associated Press on July 4th, 2023
LONDON (AP) – Meta is poised to unveil a new app that appears to mimic Twitter – a direct challenge to the social media platform owned by Elon Musk. A listing for the app, called Threads, appeared on Apple’s App Store, indicating it would debut as early as Thursday. It is billed as a “text-based ... Read More »
Be the first to comment!Energy stocks help lift S&P/TSX composite as oil tops US$70 a barrel
By The Canadian Press on July 4th, 2023
TORONTO – Energy stocks helped lift Canada’s main stock index higher in late-morning trading as the price of oil also rose to top US$70 a barrel. The S&P/TSX composite index was up 44.31 points at 20,199.60. U.S. stock markets are closed for the Independence Day holiday. The Canadian dollar traded for 75.68 cents US compared ... Read More »
Be the first to comment!CBRE report says office vacancy rate in Q2 rose to highest level since 1994
By The Canadian Press on July 4th, 2023
TORONTO – A report by commercial real estate firm CBRE says the national office vacancy rate in Canada climbed in the second quarter to its highest level since 1994. The firm says the national office vacancy rate rose to 18.1 per cent in the second quarter, up from 17.7 per cent in the first quarter. ... Read More »
Be the first to comment!Paramount lowers first half 2023 average sales volumes guidance due to wildfires
By The Canadian Press on July 4th, 2023
CALGARY – Paramount Resources Ltd. says it expects its average sales volumes for the first half of 2023 will come in below its earlier guidance as it works to restore the last of the production that was put on hold due to the Alberta wildfires. The company says average sales volumes for the first half ... Read More »
Be the first to comment!Further negotiations won’t bring end to B.C. port workers strike, employers say
By Ashley Joannou, The Canadian Press on July 3rd, 2023
VANCOUVER – The association representing employers in an ongoing strike at British Columbia ports says it doesn’t think more bargaining is going to produce a collective agreement. The BC Maritime Employers Association released a statement Monday afternoon saying it had gone as far as possible on core issues. The International Longshore and Warehouse Union Canada, ... Read More »
Be the first to comment!Further negotiations won’t bring end to B.C. port workers strike, employer says
By The Canadian Press on July 3rd, 2023
VANCOUVER – The association representing employers in an ongoing strike at British Columbia ports says it doesn’t think more bargaining is going to produce a collective agreement. The BC Maritime Employers Association released a statement saying it has gone as far as possible on core issues. The International Longshore and Warehouse Union Canada, representing thousands ... Read More »
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