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
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
Entertainment giant Paramount will merge with production company Skydance, closing out a decades-long run by the Redstone family in Hollywood and injecting desperately needed cash into a legacy studio that has struggled to adapt to a shifting entertainment landscape. It also signals the rise of a new power player, David Ellison, the founder of Skydance and … Read more
The Canadian military could have modern satellite coverage in the Arctic a decade earlier than envisioned if the federal government is willing to follow the example of other countries and embrace commercial options in space, a House of Commons committee heard Monday. Mike Greenley, chief executive officer of MDA Canada, told committee members Canada has fallen behind … Read more
The most prominent Indigenous women’s organization in Canada announced on Friday the departure of its chief executive officer amid internal turmoil. In an email viewed by CBC News, Carol McBride, president of the Native Women’s Association of Canada (NWAC), informed staff that Lynne Groulx is no longer employed as the organization’s CEO. “NWAC continues to … Read more
A new sugar refinery set to open in Hamilton’s port lands in 2025 promises to be Canada’s largest, with capacity to produce 4,000 tonnes of refined sugar per day, or one million per year. The Sucro Can Sourcing facility, at the foot of Hamilton’s Sherman Street North, will use Randle Reef as an active part of its … Read more
Chrysler parent company Stellantis says future participation in North American auto shows will be looked at on a “case-by-case basis” amid headwinds in the auto market. “With a focus on preserving business fundamentals to mitigate the impact of a challenging automotive market in North America, Stellantis is working to optimize its marketing strategy as it relates to … Read more
