Indigo Books & Music Inc. has agreed to be taken private after agreeing to a sweetened offer from a holding company connected to its largest shareholder. Board's independent committee unanimously recommended accepting the offer Indigo Books & Music Inc. has agreed to be taken private after agreeing to a sweetened …
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WestJet Encore pilots vote for strike mandate, adding to airline’s turbulence
WestJet Encore pilots could go on strike as soon as April 17 after they approved a strike mandate Tuesday after aviators at the company's regional carrier voted 97 per cent in favour of strike authorization, the Air Line Pilots Association said. Strike could begin as soon as April 17 WestJet …
Read More »Nexus application fee increasing to $120 US at beginning of October
The cost to apply for the Nexus trusted-traveller program will increase from $50 to $120 on Oct. 1 of this year, the government announced Tuesday. Canada Border Services Agency says current $50 US fee doesn't cover cost of administering program The cost to apply for the Nexus trusted-traveller program will …
Read More »Federal plan would count rent toward a credit score. Who will it help — and who could it hurt?
As part of its Renters' Bill of Rights, the federal government introduced a proposal that would make timely rental payments count toward a person's credit score. The aim is to level the playing field for young renters, but there could be pitfalls, experts say. Idea could help aspiring homeowners, or …
Read More »Some consumers, businesses are feeling more optimistic about the economy, say BoC surveys
The Bank of Canada says business and consumer sentiment improved during the first quarter of the year, despite higher interest rates still putting a drag on the economy. Central bank's surveys showed outlook is improving amid expectation of rate cuts The Bank of Canada says business and consumer sentiment improved …
Read More »‘Urgent’ safety recall leaves couple with dangerous Dodge truck for nearly 2 years
The recall notice said their Dodge truck had an "urgent" safety problem. But Michele Ashenden and her husband Vittorio Pulcini waited almost two years — amid mixed messages from the dealership and automaker — for it to get fixed while their business struggled and bills piled up. Rules make it …
Read More »Group of Tim Hortons franchisees in Quebec sue brand owner for $18.9M
A group of Quebec Tim Hortons franchisees is taking the brand's owner to court over lower-than-expected profits they claim are due to constraints in licensing agreements. Constraints in licensing agreements to blame for lower-than-expected profits, group alleges Several Quebec Tim Hortons franchisees are taking the brand's owner to court, blaming …
Read More »Inside the A&W test kitchen, a battlefield in the fast food wars
Fast food brands are known for their consistency, but amid growing competition and changing demographics, brands are using new flavours and limited-time offers to mix up their menus and reel in new customers. We visit the A&W test kitchen where the company hopes to invent the next McRib or Pumpkin …
Read More »Sam Bankman-Fried, FTX founder, sentenced to 25 years in prison in crypto fraud case
Former crypto mogul Sam Bankman-Fried was sentenced Thursday to 25 years in prison for his role in the 2022 collapse of FTX, which once was one of the world's most popular platforms for trading digital currency. 'My useful life is probably over,' Bankman-Fried said in remarks to court Former crypto …
Read More »Canadian economy starts the year on a rebound with 0.6 per cent growth in January
The Canadian economy grew 0.6 per cent in January, the fastest growth rate in a year, while the economy likely expanded 0.4 per cent in February, Statistics Canada said Thursday. Rate was higher than forecasted by economists, who expecting 0.4 per cent growth The Canadian economy grew 0.6 per cent …
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