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National Business
National Business
These companies have laid off Canadian workers in 2024
Canadians are continuing to be laid off as part of a wave of job cuts that began in 2023 as companies assessed their operations after the height of the COVID-19 pandemic passed.
Apr 3, 2024 9:26 AM
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Lithium company Winsome Resources signs option deal to buy Storonoway's Renard mine
Australian lithium company Winsome Resources has signed a call option agreement that will allow it to buy the Renard diamond mine in northern Quebec and its associated infrastructure for $52 million.
Apr 3, 2024 9:12 AM
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Indigo agrees to go private after sale to holding company
TORONTO — Indigo Books & Music Inc. has agreed to be taken private after agreeing to a sweetened offer from a holding company connected to its largest shareholder. The retailer says its agreement will see Trilogy Retail Holdings Inc.
Apr 3, 2024 7:19 AM
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Inflation has slid again in Europe. What that means for interest rates
FRANKFURT, Germany (AP) — The inflation that has squeezed European shoppers fell more than expected in March to 2.4%, as cost spikes in the grocery aisle eased and overall price rises headed down in the two biggest economies, Germany and France.
Apr 3, 2024 5:34 AM
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Drought poses key risk to Canada's natural gas producers in 2024: Deloitte
CALGARY — Persistent drought conditions are poised to challenge natural gas producers even as they aim to ramp up in anticipation of Canada's first liquefied natural gas export terminal opening, a new report warns.
Apr 3, 2024 4:00 AM
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West Fraser and Mercer International dissolve joint venture in Cariboo Pulp and Paper
VANCOUVER — West Fraser Timber Co. and Mercer International Inc. are dissolving their 50/50 joint venture in Cariboo Pulp and Paper. Vancouver-based West Fraser will be the sole owner and operator of the mill.
Apr 2, 2024 6:10 PM
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Bell Media president Sean Cohan says layoffs were necessary to reach company's goals
TORONTO — Bell Media president Sean Cohan says recent layoffs and programming cuts are something he doesn’t take lightly, but were necessary to accelerate the company’s goals in the digital media landscape.
Apr 2, 2024 5:53 PM
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Quebec electric snowmobile maker Taiga suspends production, lays off 70 workers
Montreal-based electric snowmobile manufacturer Taiga Motors says it is pausing production and temporarily laying off around 70 workers.
Apr 2, 2024 4:54 PM
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Tesla sales tumble nearly 9%, most in 4 years, as competition heats up and demand for EVs slows
DETROIT (AP) — Tesla sales fell sharply last quarter as competition increased worldwide, electric vehicle sales growth slowed, and price cuts failed to lure more buyers.
Apr 2, 2024 4:51 PM
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Most actively traded companies on the Toronto Stock Exchange
TORONTO — Some of the most active companies traded Tuesdayon the Toronto Stock Exchange: Toronto Stock Exchange (22,075.10, down 110.15 points): TC Energy Corp. (TSX:TRP). Energy. Down 35 cents, or 0.64 per cent, to $54.30 on 21.7 million shares.
Apr 2, 2024 4:51 PM
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