Business Buzz


WestJet fleet facing delays
The Canadian Press - Feb 12, 2024 - Business Buzz

WestJet faces indefinite delays on dozens of new aircraft deliveries after a panel blowout on a Boeing 737 Max plane last month prompted a halt to greater production at the U.S. aircraft maker. The Calgary-based carrier bought 42 Boeing 737 Max 10 jetliners in 2022, with options for 22 more—on top of nearly two dozen […]

Artists wants protection from AI
The Canadian Press - Feb 12, 2024 - Business Buzz

OTTAWA — Canada’s actors, directors and musicians are sounding the alarm over artificial intelligence, saying it threatens their livelihood and reputations. Groups representing people who work in TV, movies and music are calling on the Liberal government to protect their industries in its AI legislation. Actors’ union ACTRA says unbridled use of AI could result […]

Index climbs nearly 90 points
The Canadian Press - Feb 09, 2024 - Business Buzz

TORONTO — Canada’s main stock index posted a modest gain Friday, U.S. markets were mixed, and the S&P 500 surpassed 5,000 points for the first time. The S&P/TSX composite index closed up 89.96 points at 21,009.60. In New York, the Dow Jones industrial average was down 54.64 points at 38,671.69. The S&P 500 index was […]

Feds investigate grocery clauses
The Canadian Press - Feb 08, 2024 - Business Buzz

The Competition Bureau is investigating the use of restrictive real estate clauses in the Canadian grocery sector. Deputy commissioner Anthony Durocher told a House of Commons committee studying food prices that these measures, often called “property controls,” can be a major barrier to entry and expansion in the Canadian marketplace. “We are actively pursuing an […]

CHBA wants 30-year mortgages
The Canadian Press - Feb 08, 2024 - Business Buzz

OTTAWA — The group that represents residential builders in Canada wants Ottawa to offer a 30-year amortization period for insured mortgages on new homes. The Canadian Home Builders’ Association says extending the period an additional five years would help with affordability and spur more construction. Kevin Lee, the group’s CEO, says it would bring more […]

Tavares to fight tax man
The Canadian Press - Feb 07, 2024 - Business Buzz

Toronto Maple Leafs captain John Tavares is taking the Canada Revenue Agency to court in a tax dispute of over $8 million. Court documents show Tavares filed an appeal through his lawyers last week in the Tax Court of Canada seeking to have the CRA’s reassessment of his 2018 tax return annulled. The CRA, according […]

Decent day for markets
The Canadian Press - Feb 06, 2024 - Business Buzz

TORONTO — Strength in base metal stocks helped lead modest but broad-based gains on Canada’s main stock index, while U.S. markets ticked higher. The S&P/TSX composite index closed up 85.85 points at 20,957.74. In New York, the Dow Jones industrial average was up 141.24 points at 38,521.36. The S&P 500 index was up 11.42 points […]

Researcher defends grocery chains
The Canadian Press - Feb 06, 2024 - Business Buzz

Accusations of profiteering in the Canadian grocery industry are unfounded and unsubstantiated, witnesses told a House of Commons committee studying food prices on Tuesday. “We must put the profiteering debate to rest,” Dalhousie University food researcher Sylvain Charlebois told MPs. Charlebois said while profits at the so-called Big Three grocers—Loblaw, Empire and Metro—have risen in […]

Rough start to week for markets
The Canadian Press - Feb 05, 2024 - Business Buzz

TORONTO — Canada’s main stock index fell more than 200 points Monday in a broad-based decline, while U.S. stock markets also moved lower. Base metals, utilities and telecom stocks helped lead the TSX lower. The S&P/TSX composite index was down 213.20 points at 20,871.89. In New York, the Dow Jones industrial average was down 274.30 […]

Vision Pro a game changer?
The Canadian Press - Feb 02, 2024 - Business Buzz

SAN FRANCISCO — With Apple’s hotly anticipated Vision Pro headset hitting store shelves Friday, you’re probably going to start to see more people wearing the futuristic googles that are supposed to usher in the age of “spatial computing.” It’s an esoteric mode of technology that Apple executives and their marketing gurus are trying to thrust […]