The Royal Canadian Mint revealed the design of its new coins during a news conference at its Winnipeg plant on Tuesday. Small number of 2023-dated coins to circulate in early December The first Canadian coins featuring the face of King Charles were unveiled in Winnipeg on Tuesday, the King's 75th …
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Teck Resources agrees to sell steelmaking coal business in deals valued at $9B US
Vancouver-based Teck Resources Ltd. has agreed to sell its steelmaking coal business in a series of deals that value the operations at $9 billion US and will see Swiss commodities giant Glencore acquire a majority ownership. Board chair says deal unlocks value for Vancouver-based miner's shareholders, supports responsible steelmaking Teck …
Read More »Canadian rent prices hit new high for 6th month in a row, report suggests
The average asking price for a rental unit in Canada reached $2,178 last month, a 9.9 per cent year-over-year increase and continuing a trend that has seen asking rents hit new highs for six months in a row. Average rent for one-bedroom in Canada reached $1,906 in October; in Vancouver …
Read More »Airbus to reassign 750 jobs in overhaul
PARIS, France — European aircraft manufacturer Airbus said Friday it plans to shed 750 jobs in its defence and space business in an overhaul, but intends to reassign workers rather than make compulsory redundancies as business grows. The cuts will involve some two percent of a total of 34,330 positions …
Read More »AAPA passes resolutions on SAF target and aviation safety
SINGAPORE – The Association of Asia Pacific Airlines (AAPA), at the end of its 67th Assembly of Presidents, passed a resolution to adopt a collective target of five percent sustainable aviation fuel (SAF) use by 2030 among its members in the region. This is the first ever resolution the AAPA …
Read More »Jollibee Group’s entrepreneurship program empowers farmers
CANDON, Ilocos Sur — As the largest fast food chain company in the country, the Jollibee Group Corporation (JGC) through its corporate social responsibility arm, Jollibee Group Foundation (JGF), is helping lift the lives and labor of farmers in Ilocos Sur. The Farmers Entrepreneurship Program (FEP) is one of the …
Read More »Canadian company First Quantum cuts back activity at Panama mine facing massive protests
The Canadian mining company whose Panamanian copper mine has sparked massive protests in the country says it is scaling back operations at the facility due to a port blockade. Mine opposition has become flashpoint for broader opposition to government and inequality The Canadian mining company whose Panamanian copper mine has …
Read More »Office workers still aren’t back in full force, so what’s next for Canada’s downtowns?
More than a year after pandemic-era restrictions lifted, many urban downtowns in Canada are still dealing with vacant offices, low foot traffic and safety concerns. Calgary and Winnipeg are two cities putting recovery plans in motion. Slow post-pandemic recovery continues with national downtown office vacancy rate at 18.9% At 11 …
Read More »Canadian mining company at centre of deadly Panama protests has no plans to scale back
The Canadian mining company that controls a massive copper mine in Panama says it has no plans to alter its operations despite widespread local protests against the firm's mining contract that have escalated and turned deadly. Shares in First Quantum have dropped 40% since opposition to mining contract exploded recently …
Read More »This just in: The rich are getting richer
The richest people in Canada got a lot richer in 2021, even as the poorest half of all tax filers in Canada saw their income decline by $1,400. The poorest half of Canadian tax filers saw their incomes drop by $1,400, as gap between rich and poor widens The richest …
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