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Unifor, Detroit Three kick off contract talks amid inflation, EV transition pressures

Unifor, Detroit Three kick off contract talks amid inflation, EV transition pressures

TORONTO — Unifor national president Lana Payne emphasized that autoworkers expect to make significant wage and benefit gains as the union kicked off contract talks with the Detroit Three on Thursday.
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S&P/TSX composite index keeps climbing on Thursday, U.S. markets also rise

S&P/TSX composite index keeps climbing on Thursday, U.S. markets also rise

TORONTO — Canada's main stock market index posted a small gain Thursday as it continued its climb this week, helped by strength in financial, telecom and technology stocks, while U.S. markets also rose after the latest inflation report.
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Stock market today: Wall Street ends mixed after US inflation report

Stock market today: Wall Street ends mixed after US inflation report

NEW YORK (AP) — Stocks wobbled to a mixed close on Wall Street following the latest update on inflation across the U.S. The S&P 500 ended just barely higher Thursday after having been up as much as 1.3% earlier in the day.
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Canadian Tire profits fall as consumer spending on discretionary products sags

Canadian Tire profits fall as consumer spending on discretionary products sags

TORONTO — Demand for non-essential items at Canadian Tire stores took a dive last quarter as the company said customers are increasingly feeling the pinch of higher inflation and interest rates. Those struggles prompted Canadian Tire Corp. Ltd.
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Audit finds 800 items missing from Canadian history museum, no plan to deal with it

Audit finds 800 items missing from Canadian history museum, no plan to deal with it

OTTAWA — An investigation by Canada's auditor general found the Canadian Museum of History's conservation system is putting its collections at risk.
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Air Canada ranks last in on-time performance among 10 biggest North American airlines

Air Canada ranks last in on-time performance among 10 biggest North American airlines

MONTREAL — A new report says Air Canada ranked last in on-time performance among the 10 largest airlines in North America, as some carriers north of the border struggle to find their post-pandemic footing despite much better outcomes than the travel
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Quebecor's Freedom Mobile purchase pushes it to big earnings gains

Quebecor's Freedom Mobile purchase pushes it to big earnings gains

Quebecor Inc. says it added more than 1.8 million subscribers through its purchase of Freedom Mobile as it began to unveil new offerings for customers following its entry to the national wireless market last quarter.
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Freeland touts home savings account, notes limits to addressing housing crisis

Freeland touts home savings account, notes limits to addressing housing crisis

TORONTO — Deputy Prime Minister Chrystia Freeland says the uptake of a new savings account for first-time homebuyers is exceeding expectation, though she acknowledged the limits of what it can do to address affordability.
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Algonquin Power to hire new CEO, sell green energy group after US$253M loss

Algonquin Power to hire new CEO, sell green energy group after US$253M loss

OAKVILLE, Ont. — Algonquin Power and Utilities Corp. says it has hired an interim CEO as it looks to sell its renewable energy division after losses topped US$250 million last quarter.
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Hollywood strikes stretching beyond this year would be 'problematic': Cineplex CEO

Hollywood strikes stretching beyond this year would be 'problematic': Cineplex CEO

TORONTO — As television and film writers passed the 100th day of striking and actors neared a month on the picket lines, the chief executive of Canada’s largest cinema chain is hoping "common sense will prevail" and the sides will have reached an agr
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