Month: May 2024

Hundreds of Nestle workers are off the job Monday after rejecting a tentative agreement the union reached with the chocolate maker. Unifor issued a statement saying its 461 members who work as machine operators, bar packers, shippers and receivers, general labourers and in the skilled trades at the Toronto Nestle plant chose to go on strike […]

For years, cable TV has bled viewers and subscribers to streaming giants like Netflix, Apple and Amazon. Now, those same companies are vying to stream live sports, one of the last lines of defence when it comes to audiences paying big bucks for traditional cable packages. AppleTV+ has a 10 year, multibillion-dollar deal to stream MLS soccer matches and also streams […]

After riding a red-hot economy to shrink deficits and grow surpluses, provincial governments across the country are beginning to see their finances flounder. Each province has released their budget for the upcoming year and collectively are facing higher spending and record-size debt. Alberta and New Brunswick are the only provinces to publish balanced budget projections compared […]

TD Bank Group could be hit with more severe penalties than previously expected, according to a banking analyst, after a report that the investigation it faces in the U.S. is tied to laundering illicit fentanyl profits. National Bank of Canada analyst Gabriel Dechaine said in a note that the worst-case scenario of the multiple U.S. investigations TD […]

WestJet has issued a 72-hour lockout notice to the union representing the Calgary-based airline’s mechanics. The notice paves the way for a work stoppage to begin on Tuesday. Last week, the Aircraft Mechanics Fraternal Association (AMFA), which represents the carrier’s aircraft maintenance engineers, announced that members would begin taking a strike vote on May 2. […]

Canada Post said Friday its financial situation is so grim it could run out of operating funds in less than a year, after the Crown corporation posted another whopping pre-tax loss of $748 million in 2023. In its annual report released late Friday afternoon, the company predicts “larger, unsustainable losses in future years” without major […]

Location. Costs. Time and convenience. There are many reasons that people aren’t participating in the Loblaw boycott, a movement fuelled by customers fed up with high prices at the grocery retailer. The boycott was started by a Reddit group with about 70,000 members called “Loblaws is out of control.” It calls for shoppers to avoid the retailer’s Loblaws stores, along with its offshoot […]

With some Canadians struggling to afford groceries, and as frustrations with corporate profits boil over and manifest as boycotts, the federal government says it’s trying to coax international grocers to set up shop in Canada. During a Tuesday media conference, Industry Minister François-Philippe Champagne told reporters that he continues “to look at whether there are foreign deep-discounters that […]

London Drugs says its phone lines are working again, days after being taken offline in response to a cybersecurity incident.  A statement from the Richmond, B.C.-based pharmacy and retail chain also says Canada Post offices inside its stores are up and running again. The company closed all of its stores across Western Canada until further notice after […]

Harrison Amit is leading a small startup with a big idea. “The vision for the company is helping over 10 million drivers,” said the 28-year-old CEO of Hovr (pronounced Hover).  The Toronto-based ride-hailing company launches today, and will service the city and surrounding suburbs. Amit’s goal is to make the company a national brand within […]

Loblaw Companies reported $13.58 billion in first-quarter revenue — a 4.5 per cent increase from a year earlier — on Wednesday morning, the same day that a group of frustrated shoppers said they would begin a month-long boycott of the grocery retailer. The company’s quarterly profit was $459 million, marking a 9.8 per cent increase. Earnings per share were $1.72 […]

The Canadian economy grew a modest 0.2 per cent in February, with early estimates for March indicating little change to the GDP, Statistics Canada said on Tuesday. The February figures were a tick lower than analysts expected. The economy had a strong January, growing 0.5 per cent (downwardly revised from 0.6 per cent). That was largely thanks to a rebound in […]

All London Drugs stores remained closed across Western Canada on Tuesday morning, two days after the B.C.-based company announced it was dealing with a “cybersecurity incident.” A statement issued by the company at 7:20 a.m. PT Tuesday said its stores “will remain temporarily closed … until further notice while continuing to provide customers with urgent pharmacy care.” […]