business
North America's 1st electrochemical lithium refining facility opens in B.C.
Delta, B.C., is an unlikely location for Canada to challenge China’s hegemonic control of the refining of lithium, a critical mineral whose supply chains have emerged as a key concern from the White House to Ottawa and beyond. Source link
Public grocery stores are having a moment. Can they really make food more affordable?
From Toronto to New York City, politicians want to tackle rising food costs with government-run grocery stores. Politicians championing the plan say these stores would sell staple items at lower prices than private grocery stores. But critics say the idea is half-baked and will only waste public money. Source link
Ford recalls 144,000 F-150s in Canada due to gearshift issue
Safety issue impacts some vehicles with six-speed automatic transmissions made between 2015 and 2017. The issue can cause unexpected downshifting while the vehicle is moving. Source link
Boeing announces $36M for research and development at Winnipeg facility
Boeing plans to spend $36 million on composite aerospace manufacturing research and development projects at its Winnipeg facility, the aerospace company’s president announced Friday. Source link
Air Canada suspends Toronto and Montreal flights to JFK over jet fuel cost crisis
Air Canada has temporarily suspended flights from Toronto and Montreal to New York’s John F. Kennedy International Airport as the war in Iran drives up fuel costs. Source link
North American stocks rally and oil tumbles 10% after Iran says Strait of Hormuz is open
S&P 500, Dow Jones and Nasdaq all climbed shortly after open, as stocks run toward the finish of a third straight week of big gains. Brent crude oil, the international standard, dropped to $89.13 US a barrel — still higher than the $70 before the Iran war, but lower than it has been in recent […]
Stellantis, Microsoft sign 5-year partnership for AI push
The legacy automaker eyes 60 per cent data centre footprint cut by 2029 as it leans into big tech in software, AI Race. Deal is set to co-develop 100+ initiatives at Stellantis. Source link
Exclusive: Carney's pitch to unlock trillions in global investment
Prime Minister Mark Carney has sent invitations to 100 of the biggest investment firms in the world. He’s pitching an Invest in Canada Summit this fall to unlock trillions of dollars in investments in Canada. Source link
Sunwing Vacations cancels all Cuba operations until October amid island's fuel crisis
Sunwing Vacations has both extended and broadened its suspension of operations in Cuba, as the popular tourist hub remains cut off from oil shipments. Source link
Trump issues multiple permits for pipelines transporting oil between Canada and U.S.
Permits include one for the construction of a new pipeline, and several related to the maintenance of existing pipelines, according to White House documents. Source link