Canada’s poverty rate rose to 9.9 per cent in 2022, approaching pre-pandemic levels as government financial benefits introduced during the COVID-19 crisis ended, according to a Statistics Canada report released Friday. Food insecurity numbers are ‘sickening’ but not surprising, says researcher. Nearly nine million Canadians lived in food insecure households …
Read More »Business
Luxury retailer Ted Baker Canada is seeking creditor protection
The owners of Ted Baker’s Canadian operations have filed for creditor protection in a bid to help the retailer get enough “breathing room” to decide whether to liquidate and wind down the business or pursue other unspecified alternatives. Clothing brand facing has been ‘unsuccessful’ in reducing costs, say lawyers in …
Read More »Airbus net profit soars 28% in January-March
PARIS: European aviation giant Airbus posted a 28-percent increase in first-quarter profit on Thursday through rising deliveries and production, a day after archrival Boeing reported a loss. Airbus’ net income in the first three months rose to 595 million euros ($637 million) while revenue grew 9 percent to 12.8 billion …
Read More »Honda to invest $15B to build 4 new EV plants in Ontario
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 …
Read More »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 »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. Twenty years ago, …
Read More »TikTok parent company says it won’t sell, despite possible U.S. ban
TikTok is gearing up for a legal fight against a new U.S. law that would force the social media platform to break ties with ByteDance, its China-based parent company. TikTok has 170 million American users TikTok is gearing up for a legal fight against a U.S. law that would force …
Read More »Former SNC-Lavalin executive sentenced to prison term in Montreal bridge bribery case
The RCMP says a former SNC-Lavalin executive has been sentenced to three-and-a-half years in prison in connection with a bribery scheme for a bridge repair contract in Montreal. Normand Morin has been sentenced to 3-and-a-half years in prison. The RCMP says a former SNC-Lavalin executive has been sentenced to three-and-a-half …
Read More »Coke, Pepsi top list in global count of plastic waste
A new study has found that more than half of global branded plastic pollution can be traced back to just 56 companies, led by The Coca-Cola Company and PepsiCo. New study documents companies behind plastic waste across 5-year period. Just 56 companies fuelling bulk of plastic waste pollution, study suggests …
Read More »Transport projects
Department of Transportation Secretary Jaime Bautista (center) meets with Asian Development Bank (ADB) officials for the fourth coordination meeting on April 24, 2024 to discuss updates on the ADB-funded transport projects, and fast-track their completion. ***** Credit belongs to: www.manilastandard.net
Read More »