Business

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 …

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 …

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 …

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 …

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 …

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, …

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 …

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 …

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 …

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