Electric vehicle battery manufacturer Northvolt says construction of a $7-billion plant on Montreal’s South Shore will proceed as planned, despite announcing on Monday its intention to lay off 1,600 employees in Sweden. The Swedish multinational said it plans to cut 1,000 jobs in Skellefteå, 400 in Västerås and 200 in Stockholm — about a fifth of its … Read more
Starting next week, the federal government will impose new restrictions on nicotine pouches to make it illegal to sell them anywhere but from behind a pharmacy counter. Beginning August 28, the pouches, which go by the brand name Zonnic, will be completely banned from convenience store and gas station shelves. Berry Frost and Tropic Breeze flavours … Read more
Canada’s defence department and military are approaching the implementation and use of artificial intelligence in a “fragmented,” unco-ordinated manner, says a newly prepared federal strategy. The long-awaited overview of how to deal with rapidly evolving machine-learning technology is being met with mixed reviews by some high-tech and civil society experts who had been expecting more clarity on … Read more
A prestigious Canadian literary prize will maintain its partnership with Scotiabank after nearly 20 authors pulled their books from consideration to protest the bank’s investment in an Israeli defence contractor. More than two dozen authors have signed a letter posted Wednesday by Canlit Responds, a group that initially formed to protest charges laid against several of the … Read more
Swedish EV battery manufacturer Northvolt says construction on its $7-billion plant on Montreal’s South Shore will continue, even as the company undergoes a “strategic review” of its activities. The review comes as global demand for electric vehicles has slowed, with both Ford and General Motors saying they would scale back their production of electric vehicles. … Read more
As the federal government moves to restrict the number of temporary workers in the country, a relatively new program to bring refugees to Canada on a permanent basis is beginning to catch on with employers. The Economic Mobility Pathways Pilot (EMPP) is a federal program aimed, in part, at easing the labour shortages facing many … Read more
SpaceX has retrieved pieces of debris that fell to earth and were found on Saskatchewan farmland in April. Barry Sawchuk made headlines earlier this year when he said a giant piece of space debris had slammed into his field. On Tuesday, SpaceX employees came to his farm near Ituna, Sask., northeast of Regina, to collect the space … Read more
A Quebec judge is authorizing a class action from shareholders against Bombardier Inc. over claims that the plane maker presented a false picture of its financial situation in 2018, a turbulent year that saw its share price tank. The lawsuit alleges that Bombardier, then-CEO Alain Bellemare and then-chief financial officer John Di Bert failed to … Read more
The man at the centre of the pandemic meme stock craze appeared online for the first time in three years, sending the prices of three quirky and volatile shares sharply higher Monday. Keith Gill, better known as “Roaring Kitty,” posted an image Sunday on the social media platform X, formerly Twitter, of a man sitting … Read more
Bombardier is now the second large Canadian corporation known to have been granted an exemption from federal government sanctions on Russian titanium. The Montreal-based aircraft manufacturer, along with its European partner Airbus, can continue to use parts containing titanium produced by Russia’s VSMPO-AVISMA, based in Verkhnyaya Salda. During a conference call Thursday with reporters following the release of Bombardier’s quarterly results, CEO … Read more
