North American stock markets nosedived in initial trading as the price of oil collapsed and the loonie plunged against the U.S. dollar. The rout at the start of trading triggered circuit breakers on the stock markets in Canada and the United States that temporarily put a halt to trading. The drop followed an earlier plunge […]
Tim Hortons is pulling 81-million cups designed for its Roll Up the Rim to Win promotion, amid concerns about the coronavirus. The news comes just a day after the coffee-and-donuts chain confirmed it had cancelled a plan to give away 1.8-million reusable cups as part of a plan to give the contest a more environmentally-friendly […]
The Bank of Canada slashed its key interest rate target by half a percentage point, dropping it to 1.25 per cent in what economists saw as a rapid response to the growing economic shock from the novel coronavirus outbreak. The central bank said Wednesday that it cut its target for the overnight rate because COVID-19, […]
A new poll suggests Canadians weren’t happy with Justin Trudeau’s handling of the natural-gas pipeline dispute in British Columbia that led to nationwide rail and road blockades mounted in solidarity with Indigenous leaders who oppose the project. According to the Leger Marketing survey, 61 per cent of respondents said they were dissatisfied with the way […]
According to Statistics Canada preliminary trade data 2019, Saskatchewan exported nearly $30 billion worth of products to international markets in 2019 and continued to provide the food, fuel and fertilizer the world needs. While strong, the numbers are still a three percent drop from 2018 numbers due mainly to trade actions by China which resulted […]
2019 was another strong financial year for Federated Co-operatives Limited. FCL posted revenues of $9.2 billion dollars last year, that’s down four per cent from $9.6 billion in 2018. The $9.2 is the second best financial year in FCL’s history. CEO Scott Banda says the full impact of the on-going labour dispute with Unifor at […]
A Wet’suwet’en hereditary chief and senior government ministers say they have reached a proposed arrangement in a pipeline dispute that has prompted solidarity protests across Canada in recent weeks. Federal Crown-Indigenous Relations Minister Carolyn Bennett and British Columbia Indigenous Relations Minister Scott Fraser would not give details on the proposal, saying it first has to […]
An excess of potash, a competitive position in nitrogen and a recovery in agriculture were some of the keys to Nutrien President and CEO Chuck Magro’s presentation at the 29th Global Metals and Mining Conference held Tuesday in Florida. After what Magro called a tough 2019, a year he says saw the market conditions eliminate […]
A city committee is approving a plan put forth to them by Regina Exhibition Association Limited. Regina Exhibition Association Limited (REAL) says a new development plan is needed if they are to remain financially sustainable, adding that commercial development is needed to make that happen. REAL president and CEO Tim Reid believes the future is […]
A rebound in global agricultural markets is expected to drive better returns this year after a difficult fourth quarter for fertilizer company Nutrien Ltd., its CEO said Thursday. The last three months of 2019 featured ongoing challenges including geopolitical issues and short-term weather anomalies, said Chuck Magro on a conference call to discuss the Saskatoon-based […]
