World News

Heavy rains force evacuations, trap motorists in Canada

OTTAWA (AFP) – Relentless rain battered Canada’s Pacific coast on Monday (Nov 15), forcing evacuations and sending mudslides, rocks and debris across highways that left motorists trapped east of Vancouver. “Heavy rains and subsequent mudslides/flooding have impacted various highways in the BC interior,” British Columbia’s transportation ministry said on Twitter. Rescuers were deployed to free […]

World News

'Waste of money': Canadians lament $600 million election that changed little

WINNIPEG, MANITOBA (REUTERS) – Canadians woke up to a virtually unchanged political landscape on Tuesday (Sept 21) after an expensive pandemic election they did not want, with many venting their fury at the C$612 million (S$646 million) cost. Prime Minister Justin Trudeau’s Liberals won the election, but it was unpopular from the start for its […]

World News

Canada residential schools: Queen Victoria and Elizabeth II statues toppled over treatment of indigenous children

Statues of Queen Victoria and Queen Elizabeth II have been pulled down in Canada amid protests against the country’s treatment of indigenous people. The demonstrations were against the country’s residential schools system – which saw native children required to attend state-run Christian schools where they were prevented from speaking their own languages in a bid […]

Business

Chico’s FAS Narrows Losses and Shows Signs of Recovery

Chico’s FAS is starting to show signs of a comeback — but activist investors don’t think it’s fast enough.  The Fort Myers, Fla.-based retailer — parent company to the Chico’s, White House Black Market, Soma and TellTale brands — revealed quarterly earnings Tuesday morning before the market opened, improving on top-line revenues across the entire […]

Business

TSX hits record high on energy boost

(Reuters) – Canada’s main stock index hit a record high on Friday, buoyed by gains in energy stocks on stronger oil prices as expectations of a rebound in fuel demand overshadowed concerns about more supply from Iran once sanctions are lifted.FILE PHOTO: The Art Deco facade of the original Toronto Stock Exchange building is seen […]

Business

Casualwear Brand Sympli Launches First U.S. Digital Flagship

TORONTO — Twenty years ago, Canadian designer Jan Stimpson set out to create a collection of clothing basics, starting with the perfect T-shirt. Fast forward to 2021 and the casualwear brand Sympli is broadening its reach with the launch of its first U.S. digital flagship on Thursday. “As a brand we have a lot of […]

Business

Chico’s FAS Loses $360 Million In 2020

Chico’s FAS continues to register losses.  The Fort Myers, Fla.-based retailer — parent company to the Chico’s, White House Black Market, Soma and TellTale brands — revealed quarterly and full-year 2020 earnings results early Tuesday morning, falling short on top and bottom lines and logging a $360 million loss for the year. Shares of Chico’s […]

Business

Canadian banks set for earnings decline but investors optimistic about recovery

TORONTO (Reuters) – Canadian banks are set to post their fourth straight year-on-year quarterly profit drop when they report results next week, the longest decline streak since the financial crisis, on margin compression and declining commercial lending, but flattening loan loss provisions signal a turning point, investors said.Slideshow ( 5 images )Banks’ profit margins are […]

Economy

Canadian trade minister seeks closer ties, investments from Singapore manufacturers

SINGAPORE – It is in the mutual interest of Singapore and Canada to grow their trade and economic relations while working together on strengthening a global rule-based trading system, said Ms Mary Ng, the Canadian Minister for Small Businesses, Export Promotion and International Trade. “There are both an immense interest and an opportunity in strengthening the […]

World News

Canada clears Boeing 737 Max to fly again

OTTAWA/MONTREAL (AFP, REUTERS) – Canada’s transport ministry said Monday it has approved the Boeing 737 Max to fly again in this country starting on Wednesday (Jan 20), ending a nearly two-year grounding following two deadly crashes. After a review of design changes and additional pilot training for the jetliner, Transport Canada said it “will lift […]