business
Rogers offering buyouts to about 10,000 employees as it aims to cut spending
Telecommunications, media and sports giant Rogers Communications Inc. confirmed to CBC News on Monday that it is offering voluntary buyouts to about 10,000 eligible employees. Source link
Shell to buy ARC Resources in deal valued at $22B including debt
Oil giant Shell is acquiring Canadian energy company ARC Resources in a stock-and-cash deal valued at $22 billion, including assumed debt. Source link
Oil producers to begin unveiling profits and spending plans
Canadian oil producers will provide a first glimpse this week at how the spike in energy prices is boosting their bottom line and what they intend to do with the bumper profits. Source link
Alberta Energy Regulator orders MAGA Energy to suspend operations over ‘failure to meet its commitments’
The Alberta Energy Regulator has ordered oil and gas firm MAGA Energy Ltd. to suspend its operations over unresolved environmental concerns and non-compliance issues, including unpaid taxes. Source link
Ticketmaster delists Ontario resale tickets after omnibus budget bill passed
Ticketmaster Canada is delisting resale tickets that customers have posted for Ontario events as it prepares to comply with incoming provincial legislation. Source link
Meta to cut 8,000 jobs, Microsoft to offer voluntary buyouts for thousands
Meta is laying off about 8,000 workers, or about 10 per cent of its workforce, the company said Thursday as it continues to ramp up spending on artificial intelligence infrastructure and highly paid AI-expert hires. Source link
Coastal B.C. First Nation leaders go to Calgary to dissuade pipeline investors
A delegation of First Nations leaders from British Columbia have come to Calgary to relay a message to pipeline executives face-to-face: steer clear of investing in a new bitumen pipeline to the northwest coast or risk a prolonged legal fight. Source link
WestJet increases fees for checked baggage, matching recent Air Canada move
WestJet is increasing the price many passengers will pay to check baggage less than two weeks after a similar Air Canada move, with increases of $5, $10 and $50 to certain checked luggage fees. Source link
Tickets for Punjabi pop concerts are selling fast — especially in Canada
Two of the biggest global names in Punjabi music are set to take over Canada’s largest venues — underscoring the genre’s explosive rise worldwide. Diljit Dosanjh and Karan Aujla are launching Canadian tours drawing demand promoters say rivals some of the biggest names in hip-hop. Source link
Why are veggies so expensive? Consumers crunched by climbing cucumber costs
Fresh veggies cost 7.8 per cent more in March compared to March last year, according to Statistics Canada’s most recent inflation numbers. And the worst offender? The mighty cucumber. Source link