Tax hike for rich, corporations?

OTTAWA — Finance Minister Chrystia Freeland has ruled out raising taxes on the middle class in the upcoming federal budget but won’t say if corporations or the wealthy are in for the same treatment. Freeland pointedly did not answer Tuesday when asked during a news conference about the prospect of new taxes on corporate Canada […]

Hootsuite makes big purchase

When Irina Novoselsky contemplates social media, she’s certain the next decade won’t be anything like the last because consumers increasingly allow the online world to shape nearly every aspect of their lives. “We’re big believers that social media is about to be massively disrupted,” said the chief executive of Hootsuite Inc., a Vancouver-based company that […]

Index hits new closing high

TORONTO — Canadian and American markets moved higher on Friday, with the TSX posting a new closing high, even as jobs reports in both countries painted different economic pictures. The S&P/TSX composite index closed up 212.59 points at 22,264.38. In New York, the Dow Jones industrial average was up 307.06 points at 38,904.04. The S&P […]

Apple lays off hundreds

Apple is laying off more than 600 workers in California, marking the company’s first big wave of post-pandemic job cuts amid a broader wave of tech industry consolidation. The iPhone maker notified 614 workers in multiple offices on March 28 they were losing their jobs, with the layoffs becoming effective on May 27, according to […]

Ticket sellers lose in court

OTTAWA — The Supreme Court of Canada has declined to hear an appeal by Ticketmaster and Live Nation, which face class-action lawsuits in multiple provinces for allegedly profiting from third-party ticket reselling. The case stems from allegations Ticketmaster facilitated mass ticket scalping in breach of its own terms of use and policy, allowing resellers to […]

Ford slows EV production

DETROIT — With U.S. electric vehicle sales starting to slow, Ford Motor Co. says it will delay rolling out new electric pickup trucks and a new large electric SUV as it adds gas-electric hybrids to its model lineup. The Dearborn, Mich., company said Thursday that a much ballyhooed new electric pickup to be built at […]

Pipeline start date May 1

CALGARY — After four years and more than $34 billion in costs, the Trans Mountain oil pipeline expansion will go into commercial service on May 1. The Crown corporation behind the massive project provided the start date in an update posted to its website Wednesday. “The commencement date for commercial operation of the expanded system […]

Tesla sales slide substantially

DETROIT — Tesla sales fell sharply last quarter as competition increased worldwide, electric vehicle sales growth slowed and price cuts failed to lure more buyers. The Austin, Texas, company said Tuesday it delivered 386,810 vehicles worldwide from January through March, almost 9% below the 423,000 it sold in the same quarter of last year. It […]

WestJet Encore strike possible

CALGARY — WestJet Encore pilots could go on strike as soon as April 17 after they approved a strike mandate Tuesday. Aviators at WestJet’s regional carrier voted 97% in favour of strike authorization after contract talks around pay and career progression came to a “near standstill,” the Air Line Pilots Association said. The 355 pilots […]

Quarter ends with record close

TORONTO — Canada’s main stock index rose to a new closing high Thursday ahead of the long weekend, while U.S. markets were mixed as a record-breaking quarter for equities came to a close. U.S. indexes broke record after record this quarter, while the S&P/TSX composite was more subdued but managed to set a few records […]