Japanese automaker Honda will make a $15-billion electric vehicle investment in Ontario to build four new manufacturing plants in the province, Prime Minister Justin Trudeau and Ontario Premier Doug Ford announced Thursday. Trudeau and Ford say $5B shared investment will create growth for decades to come Japanese automaker Honda will …
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What could a $5B government loan program do? Turn Indigenous communities into powerful investors
Indigenous leaders say a new loan guarantee program from the federal government, announced last week in the 2024 budget, will be a huge boost for economic reconciliation. Why the new Indigenous loan guarantee program is a big deal Downtown Toronto is a long way from most communities where the federal …
Read More »Tesla’s Q1 net income down 55% year over year
Tesla’s first-quarter net income plummeted 55 per cent, but its stock price surged in after-hours trading Tuesday as the company said it would accelerate the production of new, more affordable vehicles. Company signals it will start making smaller, cheaper models, earlier than forecast. Tesla’s first-quarter net income plummeted 55 per …
Read More »Honda expected to announce multi-billion dollar deal to assemble EVs in Ontario: sources
Honda is expected to announce a multi-billion dollar deal to build electric vehicles and their parts in Ontario, government sources confirmed to CBC News. Premier Ford calls it the ‘largest deal in Canadian history.’ Concluding what Ontario Premier Doug Ford is calling the “largest deal in Canadian history,” Honda is …
Read More »Union takes step to represent Amazon warehouse workers in Laval, Que.
A Quebec-based union is trying to represent hundreds of Amazon.com Inc. workers at a warehouse in Laval, Que., a first of its kind in Canada if they succeed. CSN filed application with Administrative Labour Tribunal to represent 200 workers. A Quebec-based union is trying to represent hundreds of Amazon.com Inc. …
Read More »New truckers in Canada aren’t being trained well enough. How do we fix that?
There’s an "urgent" need to improve training for truck drivers, a new report suggests, and new drivers who have not received adequate training are making Canada's roads less safe. Insurance Bureau of Canada VP hopes this is a ‘wake-up call’ to the trucking industry and oversight bodies The Current10:44Alarm bells …
Read More »Elon Musk’s X, Australia government clash over order to take down church stabbing video
Elon Musk lashed out at Australia’s prime minister on Tuesday after a court ordered his social media company X to take down footage of an alleged terrorist attack in Sydney, and said the ruling meant any country could control “the entire internet.” Musk asks: ‘Does the PM think he should …
Read More »Federal labour minister announces inquiry into B.C. port strike
Seamus O’Regan says workers and businesses need “long-term solutions” and the inquiry commission will present its findings next spring. Seamus O’Regan says workers and businesses need ‘long-term solutions’ to disputes. Federal Labour Minister Seamus O’Regan says he has appointed an Industrial Inquiry Commission to dig deeper into the underlying causes …
Read More »Pharma giants to meet in court
LONDON: A row between pharmaceutical firms Moderna and Pfizer/BioNTech comes to court in London on Tuesday over patents for Covid vaccine technology that helped save millions of lives during the pandemic. At issue is US firm Moderna’s claim that its American competitor Pfizer and its German partner BioNTech breached patent …
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Private Sector Advisory Council (PSAC) lead convenor and Aboitiz Group president and chief engagement officer Sabin Aboitiz (right) and Ayala Group chairman Jaime Augusto Zobel de Ayala (second from left) engage in a deep discussion with New Zealand delegates, exploring potential business opportunities and fostering stronger economic ties at the …
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