News/Business (Page 59)

Business Royal Bank of Canada says it has terminated chief financial officer Nadine Ahn following an investigation into a personal relationship she allegedly had with another employee. Employee received ‘preferential treatment’ including promotion, better compensation The Canadian Press · Posted: Apr 08, 2024 2:08 PM EDT | Last Updated: AprilContinue Reading

Business An engine cover on a Southwest Airlines Boeing 737-800 fell off on Sunday during takeoff in Denver and struck the wing flap, prompting the Federal Aviation Administration to open an investigation. Southwest declined to say when plane’s engine last underwent maintenanceThomson Reuters · Posted: Apr 08, 2024 11:13 AMContinue Reading

Business After initially refusing, RBC is now one of several major financial institutions that will begin disclosing more information about climate-related investments under an agreement with pension funds led by the New York City comptroller. RBC is one of several financial institutions to begin disclosing information about climate-related investments AnisContinue Reading

It may very well have started with a tweet about a $37 package of chicken breasts. Or it could have been the $10 birch sticks. The $9 butter didn’t help, or $30 for Feta cheese — allegedly twice the price a competitor was charging for the same product. Whatever may have been the social media tippingContinue Reading

Business Procter & Gamble is recalling more than 8 million bags of Tide, Gain, Ace and Ariel laundry detergent packets sold in the U.S. and Canada due to a defect in the products’ child-resistant packaging. Canadian side of recall involves more than 56,700 bags of Tide, Gain products sold hereTheContinue Reading

Business With the latest numbers showing that unemployment is up among youth, a sizeable share of the increase in Canada’s overall unemployment rate since April last year is due to new job seekers — young people and recent graduates like Nareshan — who are spending increasingly more time looking for work, according to an analysis by RBC Economics.Continue Reading

Business The Canadian economy lost 2,200 jobs in March, while the unemployment rate rose 0.3 percentage points to 6.1 per cent, Statistics Canada said Friday. Labour Force Survey shows Canadian employment was virtually unchanged last monthThe Canadian Press · Posted: Apr 05, 2024 8:40 AM EDT | Last Updated: April 5 TheContinue Reading

Business Disney’s streaming service will start cracking down on password-sharing in June, chief executive Bob Iger said on Thursday, as the entertainment conglomerate looks to boost subscriber growth and profitability at the business. Canada already has some restrictions in placeThomson Reuters · Posted: Apr 04, 2024 12:09 PM EDT |Continue Reading

Business·Analysis What Tesla’s troubles tell us about the EV industryTesla’s earnings are being heralded as an ‘unmitigated disaster.’ A drop in production and deliveries presents a fork in the road and a real challenge for EV makers worldwide. Tesla’s ‘unmitigated disaster’ exposes trouble ahead for the electric vehicle market PeterContinue Reading