Business

Duane, left, and Dave MacDonald, co-owners of Callbecks Home Hardware and now Leon’s Summerside, celebrated the latter’s official opening on April 17. Their company purchased the Leon’s franchise for P.E.I. from D.P. Murphy earlier this year and subsequently relocated it from Charlottetown to Summerside. Colin MacLean

Leon's furniture store completes relocation from Charlottetown to Summerside

The cutting of a bright yellow ribbon has marked a homecoming for a long-time Summerside business. Dave MacDonald held the scissors; he is co-owner, along with his brother Duane, of Callbecks Home Hardware and its associated family of businesses. On ...

Updated 3 hours ago |5 min read

Centralized application for renters in P.E.I. could lead to privacy concerns, tenant blacklist: advocate

Updated a day ago |5 min read

Ryan MacRae, an organizer with P.E.I. Fight for Affordable Housing, questions the intent behind a new application renters can use to reach a group of landlords. Logan MacLean • The Guardian

Canada aims to attract Honda and others with EV tax incentives

Updated 22 hours ago |6 min read

Honda Motor Co's auto plant in Alliston, Ontario. Honda is reportedly close to a major EV deal with the Canadian government.

BDC employees paid over $250 million in bonuses since 2019: documents

Updated Apr. 20, 2024 |4 min read

Canada's planned capital gains tax hike may choke mining startups, dealmakers say

Updated 20 hours ago |2 min read

JPMorgan CEO Dimon says US economy is booming

Updated 11 minutes ago |1 min read

Golfers chipping onto the green at the Mountain Golf and Country Club April 20. Richard MacKenzie

New Upper Canadian owners for two central Nova Scotia golf courses

Bill Spurr · Multimedia Journalist |Updated 14 minutes ago |3 min read

The golf season now starting is the first full year under new ownership at Mountain Golf and Country Club in East Mountain, Colchester County and the Glen Lovat Golf Club in New Glasgow. The Crown Group of Hotels, based in Missisauga, Ont., took over ...

TikTok has submitted risk assessment report on TikTok Lite to EU

Reuters |Updated 21 minutes ago |1 min read

BRUSSELS (Reuters) - TikTok has submitted a risk assessment report on its new app TikTok Lite to the European Commission, the company said on Tuesday, averting a possible fine. The EU executive had on Monday given the ByteDance-owned company 24 ...

Air Products plans network of hydrogen refueling stations in Canada

Reuters |Updated 28 minutes ago |1 min read

(Reuters) - Industrial gas manufacturer Air Products and Chemicals said on Tuesday that it plans to build a network of hydrogen refueling stations across Canada. The stations, stretching from Edmonton to Calgary in the province of Alberta, will ...

Tesla's Model 3 is displayed during an event a day ahead of the official opening of the 2023 Munich Auto Show IAA Mobility, in Munich, Germany, September 4, 2023.

Tesla launches performance variant of Model 3 compact sedan

Reuters |Updated 31 minutes ago |1 min read

(Reuters) - Tesla launched a performance variant of its Model 3 compact sedan in the United States at $52,990, the electric vehicle maker's website showed on Tuesday. (Reporting by Akash Sriram in Bengaluru; Editing by Shinjini Ganguli)

Gucci-owner Kering posts 10% drop in Q1 sales on sluggish Chinese demand

Reuters |Updated 1 minutes ago |1 min read

PARIS (Reuters) - French luxury group Kering reported a 10% drop in first-quarter sales on Tuesday, dragged down by a slowdown at its star label Gucci, which suffered from weakness in Asia while undergoing a design overhaul. The group said its ...

Tesla to lay off nearly 2,700 employees in Texas factory, notice shows

Reuters |Updated just now |1 min read

(Reuters) - Tesla will lay off 2,688 employees at its Texas factory, the electric vehicle maker said in a Worker Adjustment and Retraining Notification (WARN) notice on Monday. The WARN Act of 1988 is a U.S. labor law that requires companies with ...

Workers clean the windows of the office building of Chilean telecommunications company Entel at the district of San Isidro in Lima, Peru September 1, 2018.

Chile telecoms firm Entel lifts 2024 investments to $618 million

Reuters |Updated 1 hour ago |1 min read

SANTIAGO (Reuters) - Chilean telecommunications firm Entel plans to invest $618 million this year, the company said on Tuesday, slightly above its 2023 spending. The funds will go primarily toward Entel's mobile and home divisions, the firm in a ...

United Parcel Service (UPS) vehicles are seen at a facility in Brooklyn, New York City, U.S., May 9, 2022.

UPS sees profit in U.S. Postal Service work that dragged down FedEx earnings

Lisa Baertlein |Updated just now |2 min read

By Lisa Baertlein LOS ANGELES (Reuters) - United Parcel Service expects its newly won U.S. Postal Service (USPS) air cargo contract to be profitable in its first year and throughout the more than five-year deal, after rival FedEx struggled with ...

CANADA FX DEBT - Canadian dollar strengthens, benchmark yield climbs

Reuters |Updated 1 hour ago |1 min read

The Canadian dollar strengthened against the greenback on Tuesday, and the yield on benchmark government debt climbed. The loonie was trading 0% higher at C$1.3694 to the greenback, or 73.02 U.S. cents, after trading in a range of 1.369 to 1.3714.

Headquarters of the People's Bank of China (PBOC), the central bank, is pictured in Beijing, China September 28, 2018.

China's central bank hints it may add treasury bond trades to policy toolkit

Reuters |Updated 1 hour ago |2 min read

BEIJING (Reuters) - A senior Chinese central bank official suggested on Tuesday that the bank's buying and selling of treasury bonds in the secondary market could be used for liquidity management and as a monetary policy tool. Investors expect ...