You’ve heard of the gold rush? Get ready for the green rush. With close to $370 billion US ($475 billion Cdn) on the table, the race will soon be on south of the border to secure some of the clean-energy cash expected to flow out of the Inflation Reduction Act which Democrats hope to pass this coming weekend. “Green banks” […]
Canada’s Ministry of Finance says it’s aiming to make everyone pay “their fair share of tax” but is not committing to an elevated tax on energy companies who are reporting sizeable windfalls while consumers feel pinched at the gas pumps. The ministry’s statement comes on the heels of United Nations Secretary General Antonio Guterres sharply criticizing the world’s energy companies […]
The seventh wave of COVID-19 in Ontario has peaked, the province’s chief medical officer of health said Friday. Dr. Kieran Moore said in an interview that key indicators are peaking or already trending downward. “I think we’ve already started on the downswing,” he said. “It’s always easier to look back and say where we were, but from our vantage point […]
Vancouver-based furniture chain Article is laying off about one sixth of its workforce, as booming demand for its service during the pandemic is starting to slow. CEO and founder Aamir Baig informed staff of the news on Friday. In total, 216 employees are being let go, which is roughly 17 per cent of the company’s head count. “This is not […]
One week after Toronto’s Pearson International Airport earned the title of the world’s worst airport for flight delays, the Greater Toronto Airports Authority (GTAA) says the travel hub is taking steps to rehabilitate its reputation. During the first week of August, 44 per cent of flights departed on time, according to the GTAA. That’s up from an average of 35 […]
Telus Corp. saw its net income soar by 45 per cent in its most recent quarter as the company nabbed more mobile phone and internet customers. The Vancouver telecommunications firm revealed Friday that it swung to a net income of $498 million in its second quarter, up from $344 million in the same period last year. The earnings for the […]
Amazon on Friday announced it has entered into an agreement to acquire the vacuum cleaner maker iRobot for approximately $1.7 billion. It’s a move that will allow Amazon to scoop up another company to add to its collection of smart home appliances amid broader concerns about its market power. iRobot sells its products worldwide and is most famous for the […]
Ontario’s health minister has directed regulatory colleges for nurses and doctors to develop plans to more quickly register internationally educated professionals, a move nursing groups and critics say falls short of the premier’s promise to do everything in his power to address an emergency room staffing crisis. Sylvia Jones sent directives Thursday to the College of Nurses of Ontario and […]
Canopy Growth Corp. executives argued the company is advancing toward profitability, even as it booked a $1.72 billion non-cash writedown that contributed to a net loss of more than $2 billion during its most recent quarter. “Maybe our aspirations have changed over the last several years, but we believe that we can get ourselves, with the right focus in the […]
Ontario nurses are past their breaking point, burnt out and left believing there’s no hope for change — that’s the message from the Ontario Nurses’ Association, which is calling on the Ford government to take “immediate steps” to keep the province’s nurses on board and bring in new ones. “Immediate steps, like yesterday,” said Cathryn Hoy, president of the Ontario […]
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