ST-SEBASTIEN, QUE. — Over the last two years, François Nadeau has chosen to do something rare among his fellow Quebec pork farmers: invest in the future. Despite economic conditions that industry leaders have called a crisis, Nadeau and his wife and co-owner of their business, Julie Bogemans, went ahead with a new building to house some of their 1,200 sows. It features high-tech feeding and cooling systems and bigger, open pens to replace many of the crates and cages that used to keep the animal
Oil demand is uncertain at a time when supply is rising both from countries within OPEC+ and from producers outside of the cartel, such as the US.
(Reuters) -Canadian oil producers are bracing for further potential delays to the Trans Mountain pipeline expansion (TMX) that could cost them millions of dollars in lost revenues in coming months after they ramped up production ready to fill the expanded line, meant to unlock access to Asia. Producers entered 2023 thinking the 590,000 barrel per day (bpd) expansion - nearly tripling the existing pipeline's capacity - from Alberta's landlocked oilfields to the Pacific Coast would be filling with oil by year-end - the last step before full operations commence. On Tuesday Canadian regulators denied a variance request, a move Trans Mountain said risked delaying the project's start date.
Electric vehicles have 79% more problems than other vehicles, according to Consumer Reports’ latest annual auto reliability survey. But the problem isn’t really because they’re electric, said Jake Fisher, director of the group’s auto testing center.
Nearly half of German companies operating in China are taking measures to reduce the risk of doing business there largely due to growing geopolitical tensions, according to a new survey by the German Chamber of Commerce in China. Firms are building supply chains that are independent of China, shifting some operations away from the country and growing markets elsewhere in Asia, according to the survey of 566 companies conducted between Sept. 5 and Oct. 6. Some 83% of companies cited geopolitical tensions as the main reason for their steps to mitigate risks related to China business, while 45% and 24% respectively put it down to the country's economic slowdown and greater focus on self-reliance.
(Bloomberg) -- Europe is still missing some key ingredients for widespread electric-vehicle adoption, according to Toyota Motor Corp.’s top local executives, but the region is far along enough for the world’s largest automaker to start looking at localizing production.Most Read from BloombergBonds Up as Slackening Jobs Fuel Fed-Pivot Views: Markets WrapHow Suspects Laundered Billions in Singapore for YearsMoody’s Cuts China Credit Outlook to Negative on Rising DebtHarvard Alumni Rebuke Its Israe
TORONTO — Ailing toy retailer Mastermind GP Inc. says it has reached a deal to sell the bulk of its business to a company representing three big names in the Canadian retail world. The Toronto-based chain announced Monday that it has signed an asset purchase agreement with Unity Acquisitions Inc., a company run by Joe Mimran, Frank Rocchetti and David Lui. Mastermind and Unity did not disclose the financial terms of their deal, which is still subject to court approval but is expected to close in
A recent survey found that half of pre-retired and retired Americans consider delaying or coming out of retirement. Many cited financial factors as a reason, but another reason was because working...
Investing.com -- U.S. crude inventory unexpectedly increased last week, the API reported Tuesday, adding to concerns about a potential global crude supply surplus following weaker-than-expected pledges to cut output by major oil producers last week.
GATINEAU, Que. — The Competition Bureau has been granted an order by the Federal Court of Canada requiring Rogers Communications Inc. to produce records related to an investigation into the company's Infinite wireless phone plans. The bureau says it is probing claims in Rogers' marketing campaigns that the plans have unlimited data, despite "allegedly significant reductions in data speed, known as throttling, after a subscriber reaches a certain data cap." The competition regulator says it is se
Most, if not all, retirees look forward to their first year of retirement. Retirees have the freedom to pursue fulfilling endeavors, like growing a vegetable garden or traveling to dream destinations...
These two dividend stocks can be excellent investments for your self-directed portfolio to align with your retirement goals. The post Canadian Pensioners: 2 Dividend Stocks to Keep Growing Your Wealth appeared first on The Motley Fool Canada.
WASHINGTON (AP) — The Supreme Court on Tuesday dismissed a case surrounding a Maine hotel that could have made it harder for people with disabilities to learn in advance whether a hotel's accommodations meet their needs. Hotels and other business interests had urged the justices to limit the ability of so-called testers to file lawsuits against hotels that fail to disclose accessibility information on their websites and through other reservation services. The information is required by a 2010 Ju
A wave of layoffs last year, which left thousands of Canadian workers jobless, is continuing this year as recession predictions loom and the tech sector downturn deepens. These are some of the companies which have said goodbye to Canadian workers so far in 2023. AbCellera Biologics Inc.: The Vancouver-based company that helped develop the first antibody therapy treatment for COVID-19 announced layoffs in November amounting to 10 per cent of its workforce. Absolute Software Corp.: The Vancouver-b
November sales of new passenger cars in Russia increased by 113% year on year to 109,706 vehicles, Autostat said, citing data from its partner PPK. Production of the Moskvich was relaunched this year at a plant in Moscow. Sources have told Reuters that the Moskvich 3 model is a JAC Sehol X4 assembled in Moscow using kits purchased from a Chinese partner.
The top bosses of JPMorgan, Bank of America, Citigroup, Wells Fargo and other major banks are expected to warn lawmakers this week that capital hikes and other new regulations will hurt the economy and should be indefinitely shelved. Worker pay and rights, climate change, mortgages, and financial stability are also likely to feature when the CEOs of the country's eight largest banks appear before the Senate Banking Committee on Wednesday, said executives and analysts.
TORONTO — `Russel Metals Inc. has signed a deal to buy seven service centre locations from Samuel, Son & Co. Ltd. for about $225 million. The agreement covers five locations in Western Canada and two in the United States. Russel Metals chief executive John Reid says the acquisition is complementary from both geographic and product mix perspectives. The metals distribution company will acquire Samuel's metals service centres in Winnipeg, Calgary, Nisku, Alta., Langley, B.C., Surrey, B.C., Buffalo
With its original hardtop, this matching-numbers Maserati Ghibli 4.7 Spyder could fetch as much as $700,000 through Bonhams.
Ford, Jeep, and Land Rover had vehicles recalled last week. Check here to see if your car is affected.
With its right-hand-drive setup and reversed gas and brake pedals, the storied car proved both highly challenging and rewarding to drive.