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Air Canada reports $81M Q1 loss, operating revenue up seven per cent from year ago
MONTREAL — Air Canada reported a loss of $81 million in its first-quarter as its operating revenue rose seven per cent from a year ago. The airline says the loss amounted to 22 cents per diluted share for the quarter ended March 31.
May 2, 2024 4:55 AM
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Young investors more likely to switch advisers, citing high fees: J.D. Power survey
TORONTO — Traditional wealth management firms are at an increasing risk of losing younger clients, particularly as new rules to make investment fees more transparent loom, a new survey shows. An investor satisfaction study by J.D.
May 2, 2024 4:00 AM
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Saskatchewan's Boundary dam carbon capture project underperforms, report says
A signature carbon capture and storage project in Saskatchewan continues to miss emissions reduction goals, raising questions about the cost-effectiveness of the technology, says a report.
May 2, 2024 2:00 AM
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Federal Reserve says interest rates will stay at two-decade high until inflation further cools
WASHINGTON (AP) — The Federal Reserve on Wednesday emphasized that inflation has remained stubbornly high in recent months and said it doesn’t plan to cut interest rates until it has “greater confidence” that price increases are slowing sustainably t
May 1, 2024 7:55 PM
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Gildan Q1 earnings down almost 20% as feud over who should lead the company continues
As Gildan Activewear Inc. executives continued to argue with its top shareholders over who should lead the company, which is open to a sale, the business reported its earnings fell almost 20 per cent in its first quarter.
May 1, 2024 7:18 PM
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CN, CPKC workers approve strike mandate as possible work stoppage looms
Employees at Canada's two biggest railways have authorized a strike that could see thousands of workers walk off the job in three weeks if they are unable to reach new deals on contract demands. About 6,000 employees at Canadian National Railway Co.
May 1, 2024 6:06 PM
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B.C. launches portal to help find hotel rooms for emergency evacuees
VICTORIA — British Columbia's hotel association says a new central booking portal will help speed up the process of finding places to stay for emergency evacuees.
May 1, 2024 5:55 PM
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Great-West Lifeco reports $960 million net earnings in first quarter of 2024
WINNIPEG — Great-West Lifeco Inc. says it earned $960 million in the first quarter, up from $595 million a year earlier.
May 1, 2024 3:44 PM
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Parkland Corp. posts first-quarter loss due to Burnaby refinery outage
CALGARY — Fuel retailer Parkland Corp. says it posted a net loss of $5 million in its first quarter as its financial results took a hit due to an unplanned shutdown at its Burnaby refinery.
May 1, 2024 3:42 PM
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Capital Power pulls plug on proposed $2.4B carbon capture and storage project
Edmonton-based Capital Power Corp. says it is no longer pursuing its proposed $2.4-billion carbon capture and storage project at its Genesee natural gas-fired power plant.
May 1, 2024 3:00 PM
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