Canadian Press - Page 10

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High interest rates threaten rollout of green economy: Wood Mackenzie report

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CALGARY — A new report says if high interest rates persist, it will be harder and more costly for society to transition to a net-zero...

B.C. construction sector seeks support as workers shortage, late payments persist

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VICTORIA — British Columbia's construction industry says its workforce numbers have improved in recent years, but persistent labour shortages are putting "extreme pressures" on employers....

Auto parts maker Magna International signs strategic partnership with Sanctuary AI

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VANCOUVER — Magna International Inc. has signed a strategic partnership with Sanctuary AI for the development of general purpose AI robots for use in the...

Two blows to B.C.’s credit status, as S&P cuts rating and Moody’s turns negative

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NEW YORK — British Columbia's credit status took a double blow on Tuesday, with S&P downgrading the province due to the risk of "outsize" deficits,...

Energy producers say they are prepared, ready for 2024 drought, wildfire risks

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CALGARY — Canadian energy producers say they are prepared and ready for what could be another spring and summer of drought and wildfires in Western...

Statistics Canada says trade surplus up in February as gold exports hit record high

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OTTAWA — Canada's merchandise trade surplus increased to $1.4 billion in February as exports of gold hit an all-time high, Statistics Canada said Thursday. The...

These companies have laid off Canadian workers in 2024

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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...

S&P/TSX composite down in late-morning trading, U.S. stock markets also lower

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TORONTO — Canada's main stock index was down in late-morning trading, weighed down by losses in the telecommunications and utility sectors, while U.S. stock markets...

Need to improve Canadian productivity has reached emergency level, BoC official says

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HALIFAX — A senior Bank of Canada official says the need to improve productivity has reached an emergency level as the economy faces a future...

Lululemon shares sink 17% after retailer notes ‘slowdown’ in U.S. business

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VANCOUVER — Lululemon Athletica Inc.'s stock dropped roughly 17 per cent in Friday morning trading and remained down into the afternoon as the market reacted...
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