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Shippers and producers held their breath ahead of a possible strike by thousands of railworkers this month that would halt freight traffic, clog ports and disrupt industries. “The railways are two ribbons that go east to west, and there’s not much alternative if you cut those two ribbons,” said John …
Read More »Postmedia offers to purchase Atlantic Canada’s largest newspaper chain for $1M
Descrease article font size Increase article font size A monitor’s report says Postmedia Network Inc. has offered $1 million to purchase Atlantic Canada’s largest newspaper chain. The offer is being recommended by Toronto-based KSV Restructuring Inc., the court-appointed monitor overseeing the insolvency proceedings involving SaltWire Network Inc. and the Halifax Herald …
Read More »Thousands of Quebec hotel workers could go on 24-hour strike next week – Montreal
By Staff The Canadian Press Posted August 1, 2024 3:18 pm Updated August 1, 2024 3:20 pm 1 min read Descrease article font size Increase article font size Thousands of hotel workers in Montreal, Quebec City and Sherbrooke, Que., could go on a 24-hour strike next Thursday, according to their union. The …
Read More »Ontario housing starts tumble, developers warn situation will ‘get worse before it gets better’
Two years and multiple housing laws since the Ford government promised to build 1.5 million new homes in a decade to solve Ontario’s housing crisis, key indicators suggest home construction is grinding to a trickle. The number of housing starts in the first half of 2024 has lagged behind the …
Read More »The loonie is faltering. Here’s why the U.S. Fed might provide a lift – National
Canadians may have noticed the value of their dollar dwindling ever since the Bank of Canada’s latest interest rate cut last week. But it’s a decision from the U.S. Federal Reserve coming up this week that could have more of a say in whether the loonie holds pat for the …
Read More »Materials company suspends construction of $2.8B Ontario battery plant
By Staff The Canadian Press Posted July 27, 2024 10:33 am 1 min read Descrease article font size Increase article font size Umicore says it has halted spending on a $2.76-billion battery materials plant in eastern Ontario. The global materials company says it made the decision because of scaled-back expectations …
Read More »Postmedia to buy Atlantic Canada’s insolvent SaltWire newspaper chain
By Staff The Canadian Press Posted July 26, 2024 10:46 am 1 min read Descrease article font size Increase article font size Postmedia Network Inc. announced today plans to buy certain businesses belonging to SaltWire Network Inc. and The Halifax Herald Ltd., the two insolvent companies behind Atlantic Canada’s largest newspaper chain. …
Read More »Scotiabank ‘technical issue’ leaves customers without paycheques – National
Descrease article font size Increase article font size Scotiabank says a “technical issue” has left some customers’ payments, including direct deposits, not being put into their accounts. Friday morning, posts on X started to flood in with customers asking the bank where their paycheques were and some turning to the …
Read More »Ontario insists EV subsidies not wasted as Ford Motor Co. plans gas trucks for Oakville
The Ontario government is insisting that billions of dollars spent attracting electric vehicle manufacturers to Ontario have not been wasted after the Ford Motor Company announced it would produce a gas-powered truck at a plant originally meant for zero-emissions vehicles. On Thursday, the American auto giant said it would produce …
Read More »Calgary Stampede closes in on all-time attendance record
The Calgary Stampede is closing in on its all-time attendance record set more than a decade ago. During a press conference on Sunday, officials with the Greatest Outdoor Show on Earth announced after nine days, the Stampede has welcomed 1,331,280 guests to the stampede grounds. The largest stampede attendance ever …
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