TD Bank Group, which is mired in a money-laundering scandal in the U.S., said Raymond Chun will replace chief executive Bharat Masrani, who is retiring next year. Chun, who stepped into the role of head of Canadian personal banking last December, will become chief operating officer on Nov. 1 before taking over the top job … Read more
Air Canada said Thursday the federal government will need to step in and block pilots from striking if the two sides can’t reach a deal, warning that job action would disrupt travel plans for least 110,000 travellers every day. A statement from the company said talks with the Air Line Pilots Association (ALPA), which represents 5,200 pilots at … Read more
Political eyes have been focused on Macau for the past few months. And, last week, as one strong and apparently anointed candidate put themselves forward for the city’s top job, the suspense hanging over the chief executive election race lifted. Current Chief Executive Ho Iat-seng’s term ends in December, but speculation was rife before he … Read more
About 800 Canadian employees are being laid off by Skip the Dishes and its parent company. The workforce reduction will affect approximately 100 Canada-based workerswith Skip the Dishes, the food delivery service’s chief executive, Paul Burns, said in a post on LinkedIn on Tuesday. Meanwhile, some 700 operations employees based out of Canada who work for its … Read more
CrowdStrike has been sued by shareholders who said the cybersecurity company defrauded them by concealing how its inadequate software testing could cause the global outage on July 19 that crashed more than eight million computers. In a proposed class action filed on Tuesday night in the Austin, Texas, federal court, shareholders said they learned that … Read more
Enbridge Inc. has raised its earnings forecast for the year in light of the successful completion of two previously announced purchases of U.S. gas utilities. The Calgary-based energy infrastructure company said Friday it now expects adjusted earnings for 2024 of between $17.7 billion and $18.3 billion, up from a previous forecast of $16.6 billion to … Read more
Loblaw Cos. Ltd. and its parent company George Weston Ltd. say they have agreed to pay $500 million to settle a class-action lawsuit regarding their involvement in a bread price-fixing scheme. The class-action case was brought against a group of companies that includes Loblaw and the Weston companies, Metro, Walmart Canada, Giant Tiger, and Sobeys and … Read more
Oxygen is being produced on the ocean floor — seemingly by ancient lumps of metal — according to a new study. That discovery is putting the scientists behind it at odds with the Canada-based mining company that funded them. “We were the worst critics of this paper for a long time,” Andrew Sweetman of the Scottish … Read more
Hamilton-based steelmaker Stelco Holdings Inc. is set to be acquired by U.S.-based Cleveland-Cliffs Inc. for $3.4 billion Cdn. Stelco said it has agreed to sell all issued and outstanding common shares for $70 per share to the Ohio-based steel producer. Stelco chief executive Alan Kestenbaum said he is confident Cleveland-Cliffs will remain a reliable supplier … Read more
As revenue slumps from a “challenging advertising environment,” Canadian media company Corus Entertainment — which houses brands like Global News and YTV — is “aggressively” cutting costs, continuing layoffs and shutting down parts of its business. In the company’s third-quarter earnings call on Monday, co-chief executive officer John Gossling said that by the end of August, Corus expects it will have … Read more
 "Why is it so difficult to lose weight? ‘Fat cells’ may be the reason – Firstpost")
