GameStop Corp shares shot higher in early trading on Thursday before a series of NYSE trading halts, a day after an unexpected surge doubled the price of the video game retailer’s stock. The stock hit US$160 at the open before being halted after several minutes of trading. Shares were changing hands at around US$129 […]
Tag Archives: Canada
TORONTO — Canadian automotive workers are among those who have been temporarily laid off as a worldwide shortage of semiconductors, used in computer chips in vehicles, brings several industries to an abrupt halt. The measure affects all shifts at General Motors’ CAMI plant in Ingersoll, Ont., a town approximately 30 kilometres east London, Ont., until […]
Nearly 48 per cent Canadians aged 25 to 35 currently own their home, and a quarter of these homeowners purchased a property during the coronavirus pandemic, according to a recent demographic survey by Royal LePage. The pandemic has steered young Canadians along “a path to home ownership,” Phil Soper, president and CEO, Royal LePage, […]
OMAHA, NEB. — Billionaire Warren Buffett encouraged investors to maintain their faith in America’s economy and the businesses his Berkshire Hathaway conglomerate owns in a reassuring letter to his shareholders Saturday. Buffett hardly even addressed the coronavirus that ravaged many businesses last year, instead focusing on the long-term prospects for the railroad, utility and insurance […]
The head of Canada Pension Plan Investment Board (CPPIB), Mark Machin, has stepped down after his trip to the United Arab Emirates for vaccination against COVID-19 flouted Canadian government’s travel advice and drew criticism. CPPIB on Friday named John Graham as chief executive officer, who is currently senior managing director and global head of […]
Beyond Meat has inked two new major new deals, with McDonald’s and Yum Brands, that will bring new plant-based items to fast food menus. The separate distribution agreements announced Thursday will result in “craveable and innovative” new menu choices, the company said — including McDonald’s upcoming McPlant burger as well as plant-protein based pizza toppings, […]
After hitting record lows this summer, some mortgage brokers are warning that fixed mortgage rates are starting to climb back up — if only a little. Just as the housing market gears up for the traditionally busy spring season, lenders across the country are announcing fixed-rate increases of between 0.1 and 0.2 of a […]
United Airlines will pay more than US$49 million to avoid criminal prosecution and settle civil charges of defrauding the U.S. Postal Service in the delivery of international mail. The Justice Department said Friday that former employees of United’s cargo division falsified parcel-delivery information between 2012 and 2015. Prosecutors said that as a result, United collected […]
It may not have gained much notice but the price of gas has slowly and steadily been climbing in the Maritimes and hitting the wallets of residents. An analysis by Global News shows that gas prices in the region have steadily increased since the beginning of November. In Nova Scotia, the increase has been […]
CALGARY — WestJet Airlines Ltd. says it is laying off an undisclosed number of pilots amid negotiations with the union that represents them. Airline spokeswoman Morgan Bell says the layoff notices are going out ahead of the expiration of a memorandum of agreement on March 31. Bell would not disclose the number of affected pilots. […]