This ‘Boring Business Stock’ Turned $10,000 to $4 Million

AutoZone stocks have grown 40,520% since its 1991 IPO. If you had invested $10,000 in the IPO year, it would have become over $4 million today. Why isn’t this stock on top of everyone’s list? One possible reason it has managed to stay under the radar is that it has nothing to do with AI … Read more

Canada’s biggest documentary festival says it’s dying. Documentarians worry they’re next

A misunderstood and mistreated killer whale. An investigation into the 1999 Columbine High School massacre and American gun culture at large. An inconvenient truth about the future of planet Earth in the face of devastating climate change. If you go by overwhelmingly successful films like Blackfish, Bowling for Columbine and An Inconvenient Truth, it might seem like documentaries are … Read more

Honda to invest $15B to build 4 new EV plants in Ontario

Japanese automaker Honda will make a $15-billion electric vehicle investment in Ontario to build four new manufacturing plants in the province, Prime Minister Justin Trudeau and Ontario Premier Doug Ford announced Thursday. According to a government statement released to media in advance of the announcement, the deal will result in “Canada’s first comprehensive electric vehicle … Read more

Quebec employers group worried ‘political’ immigration debate will hurt jobs

The latest spat between Quebec and Ottawa over immigration is based on politics and not the reality of the labour market, says the head of a major employers group. “In some ways, it’s deplorable,” said Karl Blackburn, president and CEO of the Conseil du patronat du Québec. His comments come as Quebec Premier François Legault … Read more

CEO leaves Native Women’s Association of Canada engulfed in turmoil

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

Ford delays start of EV production at Oakville plant until 2027

Ford Motor Co. is delaying the start of electric vehicle production at its plant in Oakville, Ont., by two years. The U.S. automaker had planned to start production at the Canadian plant, which employs 2,700 workers, in 2025 and is pushing that back to 2027. Ford announced plans last year to spend $1.8 billion to … Read more

Dollar Tree is closing nearly 1,000 U.S. stores a decade after ‘botched’ acquisition

Dollar Tree swung to a surprise fourth-quarter loss and will close nearly 1,000 U.S. stores after slashing the value of a rival chain it acquired almost a decade ago. Dollar Tree plans to close about 600 Family Dollar stores in the first half of this year, along with 370 Family Dollar and 30 Dollar Tree stores over … Read more

How technology is helping grain farmers adapt to weather woes

British Columbia grain farmer Malcolm Odermatt says all he can do is pray for rain this spring after repeated droughts sabotaged his harvest last year. Odermatt, who is also the president of the B.C. Grain Growers Association, has been working with his father since 2012 to farm about 2,000 acres of land in the Peace … Read more

China Plus One: Auto industry to invest $7 bn in 5 years to deepen parts localisation

Indian auto industry is set to invest up to $7 billion, or about Rs 58,000 crore, by FY28 to deepen localisation of advanced components from electric motors to automatic transmissions to reduce imports and capitalise on multinationals’ ‘China Plus One’ sourcing strategy. Automakers and their suppliers are likely to make this investment between FY24 and … Read more

Sooner or later, every NATO country will have to meet defence spending target, says Polish PM

All members of NATO will eventually have to fulfil the pledge to spend two per cent of their GDP on defence, Poland’s prime minister said on Monday at the conclusion of a meeting in Warsaw with his Canadian counterpart. While praising Canada as one of Poland’s “best allies,” Donald Tusk delicately avoided criticizing Prime Minister … Read more