Experts say Canada’s plan to increase immigration may ease some pressures in the labour market, but bigger changes are needed to ensure new permanent residents are matched with the jobs that most need filling. With the unemployment rate at historic lows, many companies are “starved” for workers, and new immigrants …
Read More »Long gone silver remains missing as companies lock swords over stolen booty
Nearly three years have passed since a cartage company left a shipping container holding more than $10 million US worth of silver in the parking lot of a run-down warehouse in Lasalle, Que. A snapshot of the moment was recorded for posterity and — presumably — proof. The grainy photograph is now part …
Read More »Energy regulator rations water supply for oil, gas companies in northeastern B.C. amidst drought
British Columbia’s energy regulator is rationing the water supply for some oil and gas companies because of drought in the northeastern part of the province. On Thursday, the B.C. Oil and Gas Commission (BCOGC) suspended 20 water permits for 12 energy companies that draw water from rivers, streams and lakes in the Peace River …
Read More »Ottawa calls on telecom companies to shore up networks after Rogers outage
Canada’s industry minister says he is calling on Rogers and other telecommunication companies to come up with a plan to bolster the resiliency of Canada’s cellular and internet networks after Friday’s massive outage left millions offline and affected some critical services. On Monday, François-Philippe Champagne convened a meeting of telecom CEOs — including Rogers’ Tony …
Read More »Deck stain companies promise 4-year guarantees. Why do so many not hold up?
Andreas Mann spent a week of vacation time painstakingly prepping and staining his deck in north Edmonton two years ago. He used a product that came with a four-year guarantee, so he was surprised this fall when he noticed that flakes of the stain were already coming off. By spring, …
Read More »Young consumers are opting to buy now and pay later, as more companies enter the financing game
When Jameil Joseph goes to check out his online shopping cart, he’ll often click on the option to buy now and pay later. Most of his friends do it, too, he said. “I use them whenever they’re available,” said Joseph. “It’s always better to have extra money.” Increasingly, online retailers …
Read More »As Elon Musk orders Tesla staff back to the office, many tech companies are doing the opposite
A sternly worded internal email, apparently sent by Elon Musk ordering Tesla employees to either return to the office or leave, is raising a lot of eyebrows at a time when employees are increasingly seeking flexible work arrangements. In a screenshot of the email, shared on Twitter, the richest man in the …
Read More »Indian Pharma companies: Drug companies may take a hit, too
Indian pharmaceutical companies are staring at a possible write-off of their receivables from Sri Lanka, as they are struggling to repatriate money from the South Asian island country which is facing severe dollar crunch and a devaluation of local currency due to ongoing economic crisis. One of India’s leading drug …
Read More »Johnson & Johnson plans to split into two companies, Health News, ET HealthWorld
New Brunswick: Johnson & Johnson is splitting into two companies, separating the division that sells Band-Aids and Listerine, from its medical device and prescription drug business. The company selling prescription drugs and medical devices will keep Johnson & Johnson as its name, the company said Friday. The new consumer health …
Read More »Sputnik: Local drug companies find it hard to produce Sputnik’s second component
Indian drug manufacturers who have signed up with Russia’s RDIF to produce Sputnik V are struggling to scale up production of the second component of the Covid-19 vaccine, and are now counting on the approval for the single-shot Sputnik Light to salvage the situation, reports Viswanath Pilla. A top executive …
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