OMAHA, Nebraska: Berkshire Hathaway’s first-quarter profits plummeted along with the paper value of its investments, but the company said Saturday (Sunday in Manila) that most of the businesses it owns outright performed well. The company reported a $12.7-billion profit, or $8.825 per Class A share, in the quarter. That’s roughly …
Read More »Provincial governments facing higher debts and more financial pressure
After riding a red-hot economy to shrink deficits and grow surpluses, provincial governments across the country are beginning to see their finances flounder. Combined provincial budget deficit on track to swell from $10.6B last year to $28B this year. After riding a red-hot economy to shrink deficits and grow surpluses, …
Read More »In face of extreme weather, Canadians increasingly turn to crowdfunding for help
Families and small businesses in Canada are increasingly turning to crowdfunding for financial support as they struggle to recover from the damage wrought by floods, wildfires and storms, new data shows. GoFundMe data shows 10,000 campaigns in past 5 years, highlighting gap in support A couple in their 70s left …
Read More »What Canada can learn from Maine’s approach to the lucrative baby eel fishery
Authorities in Maine say they have figured out how to regulate a fishery that is so out of control in Canada, the federal government has shut it down this year — the third shutdown in five years — putting 1,100 people out of work. U.S. state sees only a few …
Read More »Competition Bureau investigating Lululemon over greenwashing allegations
Canada's Competition Bureau has opened a formal investigation into Lululemon's environmental claims in its marketing campaigns, a spokesperson for the agency told CBC News on Monday. Stand.earth accuses B.C. company of breaking promise to reduce greenhouse gases Canada's Competition Bureau has opened a formal investigation into Lululemon's environmental claims in …
Read More »Canada’s competition bureau investigating Lululemon’s green claims, non-profit says
Stand.earth's complaint says Lululemon's Be Planet sustainability campaign from 2020 — in which the company said it would work to reduce its greenhouse gas emissions — is contradicted by a 2022 impact report that outlined the B.C. company's progress in reaching its climate goals. Stand.earth accuses B.C. company of breaking …
Read More »Algonquin leaders seek answers on toxic sewage discharge at nuclear lab
Algonquin leaders are demanding accountability and seeking answers after learning Canadian Nuclear Laboratories discharged toxic sewage at the Chalk River research hub along the Ottawa River this spring. Incident 'not related to radiological contaminants,' Canadian Nuclear Laboratories says Algonquin leaders are demanding accountability after learning Canadian Nuclear Laboratories (CNL) discharged …
Read More »Nunavut residents frustrated as Canada Post closes loophole that allowed free Amazon shipping to small communities
Nunavummiut from several communities say they're reeling from suddenly losing access to free Amazon shipping after Canada Post put an end to a loophole customers utilized to access the service. Residents have been shipping to fake postal codes to subvert Amazon shipping charges Nunavummiut from several communities say they're reeling …
Read More »U.S. lawmakers are taking aim at private equity in health care. Here’s what is happening in Canada
In the U.S., the growing role of private equity firms in health care is coming under heightened scrutiny, with senate committee hearings and a public inquiry underway. In Canada, private equity firms have also bought up health-care facilities outside hospitals, and experts point to studies suggesting what's good for the …
Read More »Work stoppage averted as WestJet, aircraft engineers’ union reach tentative deal
WestJet and the union representing its maintenance engineers reached a tentative agreement late Sunday, averting a work stoppage that could have started disrupting flights as early as Tuesday afternoon. Aircraft maintenance engineers must still vote on tentative deal WestJet and the union representing its maintenance engineers reached a tentative agreement …
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