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Both vessels made mistakes in Vancouver harbour before capsize, TSB report says

Both vessels made mistakes in Vancouver harbour before capsize, TSB report says

RICHMOND, B.C. — The Transportation Safety Board says mistakes by both the operators of a cargo ship and a pleasure craft resulted in the smaller boat being overturned in Vancouver’s harbour.
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Sweet and salty deal worth $30 billion would put M&M's and Snickers alongside Cheez-It and Pringles

Sweet and salty deal worth $30 billion would put M&M's and Snickers alongside Cheez-It and Pringles

M&M's maker Mars is buying Kellanova, the maker of Cheez-Its and Pop-Tarts, for nearly $30 billion in an effort to broaden its snacking portfolio and expand globally. Kellanova was created last year when the Kellogg Co. split into two companies.
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S&P/TSX composite rises Wednesday, U.S. stock markets coast after inflation report

S&P/TSX composite rises Wednesday, U.S. stock markets coast after inflation report

TORONTO — Canada's main stock index rose Wednesday amid broad-based strength on Bay St., while U.S. stock markets coasted after the latest report on inflation. The S&P/TSX composite index closed up 141.83 points at 22,760.01.
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WestJet says flight cancellations post-hailstorm to continue for 'foreseeable future'

WestJet says flight cancellations post-hailstorm to continue for 'foreseeable future'

CALGARY — WestJet says it will be issuing flight cancellations "for the foreseeable future" after planes were damaged by a Calgary hailstorm last week, upending travel plans for thousands of passengers.
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Stock market today: Wall Street ticks higher after inflation data clears the path for cuts to rates

Stock market today: Wall Street ticks higher after inflation data clears the path for cuts to rates

NEW YORK (AP) — Wall Street ticked higher after the latest update on inflation came in almost exactly as economists expected. The S&P 500 rose 0.4% Wednesday, coming off one of its best days of the year. The Dow Jones Industrial Average added 0.
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Cargojet foresees ‘much stronger’ second half of year as e-commerce sales rise

Cargojet foresees ‘much stronger’ second half of year as e-commerce sales rise

The co-CEO of Cargojet Inc. says rising e-commerce demand will fuel major business gains in the second half of the year after boosting revenues last quarter.
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Paris Olympics, drop in pilot hiring contribute to lower CAE profits

Paris Olympics, drop in pilot hiring contribute to lower CAE profits

MONTREAL — Demand for CAE Inc.'s pilot training services dropped last quarter in step with a decrease in new hires at major airlines and — counterintuitively — lower travel demand brought on by the Paris Olympics.
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Scotiabank's 1832 Asset Management cuts stake in Israeli arms manufacturer

Scotiabank's 1832 Asset Management cuts stake in Israeli arms manufacturer

TORONTO — Scotiabank's 1832 Asset Management has substantially cut back its holdings in Israeli arms manufacturer Elbit Systems Ltd. as the bank has faced calls to divest over the war in Gaza.
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Annual US inflation falls to 3-year low, clearing the way for the Fed to begin cutting rates

Annual US inflation falls to 3-year low, clearing the way for the Fed to begin cutting rates

WASHINGTON (AP) — Year-over-year inflation reached its lowest level in more than three years in July, the latest sign that the worst price spike in four decades is fading and setting up the Federal Reserve for an interest rate cut in September.
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Rogers says Corus's business model 'broken' after being accused of 'predatory' action

Rogers says Corus's business model 'broken' after being accused of 'predatory' action

Corus Entertainment Inc. has filed a complaint with Canada's broadcasting regulator alleging Rogers Communications Inc. is "engaging in predatory behaviour" to suppress potential competition and breaching its regulatory requirements.
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