Day: January 19, 2019

Markets higher, loonie up

The financial, industrial and energy sectors helped Canada’s main stock index push higher in late-morning trading, while U.S. markets also charged higher. The S&P/TSX composite index was up 68.41 points at 15,279.63. In New York, the Dow Jones industrial average was up 232.91 points at 24,603.01. The S&P 500 index was up 28.86 points at […]

The Latest: Canadian PM Discusses China Actions With Merkel

Canadian Prime Minister Justin Trudeau spoke to German Chancellor Angela Merkel about China’s actions against Canada and the importance of the rules-based international order to ensure the confidence of the international business community. TORONTO — THE Latest on Canada (all times local): 7:10 p.m. Canadian Prime Minister Justin Trudeau spoke to German Chancellor Angela Merkel about […]

Updated drone regulations get mixed reaction from P.E.I. businesses

‘People could still be unknowingly breaking the law’ Transport Canada recently added more rules on who can operate drones, where they can fly and what they can carry and it’s sparked mixed reaction for people in the drone business on P.E.I. Last Wednesday, the federal government adopted strict new regulations for using drones in Canadian airspace. Drones are […]

Tesla cuts more jobs

Tesla will cut seven per cent of its workforce as it tries to lower prices and break out of the niche-car market to produce an electric vehicle that more people can afford. Tesla’s cheapest model right now is the $44,000 Model 3, and it needs to broaden its customer base to survive. “Looking ahead at […]

WestJet fire caused by e-cig

The Transportation Safety Board says an onboard fire that forced a WestJet plane to return to Calgary International Airport soon after takeoff last June was caused by spare e-cigarette lithium-ion batteries that a passenger failed to declare in his checked baggage. The agency says in a report that a backpack caught fire and caused minor […]

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