Business Buzz

Rough day for markets
The Canadian Press - Jan 31, 2024 - Business Buzz

TORONTO — Canada’s main stock index fell more than 200 points Wednesday on broad-based weakness, while U.S. markets also fell, led by losses in the tech sector. Markets were mixed for much of the day, led by weakness in tech, but after the U.S. Federal Reserve’s interest rate decision, they slid for the rest of […]

Prescription deal concerns minister
The Canadian Press - Jan 31, 2024 - Business Buzz

The federal minister in charge of promoting competition says he’s concerned about a deal between Manulife Financial Corp. and Loblaw Cos. Ltd. that restricts patients from filling prescriptions for specialty drugs at other pharmacies under their insurance plans. Industry Minister François-Philippe Champagne said Wednesday the government is reviewing the arrangement, which affects around 260 medications […]

Tragedy leads to innovation
The Canadian Press - Jan 30, 2024 - Business Buzz

The death of American hockey player Adam Johnson from a skate cut to the neck during a game in England has led to plenty of talk about how to prevent such injuries, including a new mandate for young players in the United States. It has also opened the door for new technology when it comes […]

Canada wants more grocers
The Canadian Press - Jan 30, 2024 - Business Buzz

OTTAWA — Industry Minister François-Philippe Champagne is once again insisting that he is reaching out to international grocers in the hopes they will open up shop in Canada and spur more competition. Champagne said Tuesday that he’d spoken to one foreign grocer that very morning as part of his efforts to court new players for […]

Strong start to busy week
The Canadian Press - Jan 29, 2024 - Business Buzz

TORONTO — Canada’s main stock index rose Monday as technology stocks helped lead broad-based gains despite weakness in energy, while U.S. markets also rose. Markets picked up steam in the afternoon as Treasury yields fell. The S&P/TSX composite index closed up 74.78 points at 21,200.06. In New York, the Dow Jones industrial average was up […]

Flair says it has payment plan
The Canadian Press - Jan 29, 2024 - Business Buzz

Flair Airlines owes the federal government $67.2 million in unpaid taxes, court documents show, prompting the Canada Revenue Agency to obtain an order for the seizure and sale of the carrier’s property. The sum relates to unpaid import duties on the 20 Boeing 737 Max jetliners that make up the budget airline’s fleet, according to […]

Uber trying to please drivers
The Canadian Press - Jan 26, 2024 - Business Buzz

TORONTO — Uber Canada is making several changes aimed at offering drivers and couriers more transparency about their earnings and better protection when they’re on the road. The changes include a pilot rolling out later this year that will provide B.C. and Ontario drivers with more information, including the estimated fare and expected destination, before […]

Positive report boosts markets
The Canadian Press - Jan 25, 2024 - Business Buzz

TORONTO — Strength in energy and utilities helped Canada’s main stock index post a modest gain Thursday, while U.S. markets also moved higher following a stronger-than-expected GDP report. The U.S. economy grew 3.3% in the last quarter of 2023, as consumers remained resilient despite higher interest rates. The S&P/TSX composite index closed up 75.76 points […]

Business webinars on tap
Okanagan Edge Staff - Jan 25, 2024 - Business Buzz

If you are looking to grow your business, WeBC is hosting a pair of online programs over the next several weeks to help you do just that. The Kelowna-based group that supports female-owned businesses is hosting The Price is Right: Strategies for Small Business on Wednesday, Jan. 31, and Selling to Government: Understand Low Dollar […]

Canada, U.K., halt trade talks
The Canadian Press - Jan 25, 2024 - Business Buzz

OTTAWA — The United Kingdom is hitting the brakes on trade talks with Canada after Ottawa decided to not extend two temporary measures put in place after Brexit. London announced the pause in negotiations today, less than a month before the next round of talks towards a permanent trade deal was expected to take place. […]