Revenue Stagnates as Net Income Halves, Despite Strategic Moves to Bolster Future Growth
OTTAWA — Canada posted a merchandise trade deficit of $2.3 billion in March, its largest deficit since June last year, Statistics Canada said Thursday. The result followed a surplus of $476 million in February, which was revised down from an initial reading released last month that indicated a surplus of $1.4 billion for the month. CIBC senior economist Katherine Judge said the March figure stood in "stark contrast" to expectations for a surplus of $1.2 billion. "The downside surprise in the Mar
Synergy North Thunder Bay customers will feel another pinch to their pocketbooks as energy rates will increase this month. The Ontario Energy Board (OEB) has approved Synergy North's local distribution revenue, transmission, and regulatory rates in what they call a harmonizing of its rates. This will result in Thunder Bay and Kenora having uniform rates for all customers. As of May 1, Thunder Bay residential bills will see an increase of $2.75 or 2.2 per cent and Kenora residential bills will se