A new report says the federal government is providing billions of dollars in financial support for the fossil fuel industry, despite measures announced last year to limit subsidies. Advocacy group says findings show government is 'failing litmus test' when it comes to helping transition A new report says the federal …
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Chocolate prices have tripled. What does that mean for your Easter egg basket?
Cocoa prices have tripled in the last 12 months due to the spread of disease among crops in West Africa, where more than 70 per cent of the global cocoa supply is produced. The resulting cocoa crisis has put pressure on chocolate makers who, during the typically busy Easter holiday, …
Read More »Canada’s need to improve productivity has reached emergency level, says Bank of Canada official
A senior Bank of Canada official says the need to improve productivity has reached an emergency level as the economy faces a future where inflation may be more of a threat than in the past few decades. Canada lags on machinery, equipment and intellectual property investments, she said A senior …
Read More »Canada Goose is laying off 17 per cent of its global corporate staff
Canada Goose Holdings Inc. says it is laying off 17 per cent of its global corporate workforce. Unseasonably warm temperatures delayed luxury parka buying season Luxury parka maker Canada Goose says it is laying off 17 per cent of its global corporate workforce. CEO Dani Reiss wrote in a LinkedIn …
Read More »Discount retailer Giant Tiger says customer data was compromised in third-party breach
Giant Tiger Stores Ltd. says contact information for some of its customers was compromised in an "incident" linked to a third-party vendor it uses. Company became aware of the incident on March 4 Discount retailer Giant Tiger says contact information for some of its customers was compromised in an "incident" …
Read More »Former Toronto mayor John Tory to rejoin Rogers Communications board of directors
Former Toronto mayor John Tory is set to rejoin the board of directors at Rogers Communications Inc. Tory listed among 14 proposed management nominees for company's annual meeting Former Toronto mayor John Tory is set to rejoin the board of directors at Rogers Communications Inc. Tory is listed among the …
Read More »Boeing CEO Dave Calhoun to step down at end of year amid plane-maker’s woes
Boeing CEO Dave Calhoun will step down from the embattled plane-maker at the end of the year after a series of mishaps at one of the U.S.'s most storied manufacturers. Management shakeup caps weeks of turmoil after door blowout on 737 Max Boeing CEO Dave Calhoun will step down from …
Read More »Calgary startup aims to launch sustainable aviation fuel facilities on the Prairies
Calgary-based startup Cap Clean Energy wants to produce sustainable aviation fuel (SAF) in Alberta, Saskatchewan and Manitoba using crop residue, such as wheat straw and other byproducts of grains and oil seeds. SAF is less polluting than jet fuel, but more expensive for airlines For anyone who has flown with …
Read More »Stellantis recalls 10,000 vehicles in Canada for airbag defects
Stellantis has recalled more than 10,000 Dodge and Chrysler sedans in Canada due to defective airbags. Older model Dodge Chargers, Chrysler 300s recalled to replace side airbag Stellantis has recalled more than 10,000 Dodge and Chrysler sedans in Canada due to defective airbags. The company says an estimated 10,285 Dodge …
Read More »Costly repairs could mean higher premiums for EV drivers: report
A couple in Ontario's Niagara Region are worried their insurance premiums will go up following a long and expensive ordeal to repair their damaged EV. A recent report by credit rating agency Morningstar DBRS says a higher uptake of electric vehicles could lead to higher insurance premiums. A collision, 2 …
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