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 5 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 a day 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 22 hours ago |2 min read

Column-Has Wall Street peaked too early this year?: McGeever

Updated 4 minutes ago |4 min read

Tesla electric vehicles are lined up at a dealership in Durango, northern Spain, October 30, 2023.

Interest in electric vehicles in Canada drops for second year: survey

National Post Staff · Postmedia News |Updated 10 minutes ago |3 min read

Interest in electric vehicles (EVs) in Canada is waning, despite manufacturers introducing new models and price segments. According to an annual survey from AutoTrader , Canadians are wary of the limited range of EVs, insufficient charging ...

Young Canadians think retiring at 65 is an outdated concept

Denise Paglinawan · Postmedia News |Updated 12 minutes ago |2 min read

Canadians’ views on retirement are shifting dramatically as the cost of living rises and longer life expectancies become the norm, with the idea of retiring at age 65 being one of the early casualties. Seventy-four per cent of Canadians between ...

A flare burns excess natural gas in the Permian Basin in Loving County, Texas, U.S. November 23, 2019. Picture taken November 23, 2019.

AI boom to fuel natural gas demand in coming years, report says

Reuters |Updated 14 minutes ago |2 min read

(Reuters) - A spike in power usage from artificial intelligence (AI) data centers could significantly boost natural gas demand in the second half of the decade, analysts at investment banker Tudor Pickering Holt & Co said in a report on ...

Employees follows a speech at the booth of IBM at CeBIT computer fair in Hanover March 3, 2009.

IBM nearing a buyout deal for HashiCorp, WSJ reports

Reuters |Updated 2 minutes ago |1 min read

(Reuters) - International Business Machines is nearing a deal to buy cloud software provider HashiCorp, the Wall Street Journal reported on Tuesday. Shares of HashiCorp rose more than 7% following the news, while Big Blue's shares were ...

A butcher sells meat at a market in Mexico City, Mexico, January 19, 2022.

Mexico annual headline inflation seen higher in early April- Reuters poll

Reuters |Updated 34 minutes ago |2 min read

MEXICO CITY (Reuters) - Mexican headline inflation likely ticked up in the first half of April as core inflation eased, a Reuters poll showed on Tuesday, boosting expectations that Mexico's central bank will hold its benchmark interest rate at ...

Luminar unveils new compact lidar sensor Halo, tie-up with Applied Intuition

Reuters |Updated 34 minutes ago |1 min read

(Reuters) - Luminar Technologies launched its latest lidar sensor on Tuesday and said it has partnered with auto software maker Applied Intuition to aid automakers in testing their assisted-driving systems. The tie-up will provide solutions for ...

Sean Fraser, Minister of Housing Infrastructure and Communities looks on s David Eisnor Atlantic Lead of Futurpreneur takes questions folloing a news conference concerning a fundin g announcement for youth entrepreneurship at the Mellow Mug in Bedford Monday April 22, 2024.

TIM KROCHAK PHOTO

Ottawa’s $60-million infusion to young entrepreneur program will help 6,250 businesses, Fraser says

Xixi Jiang |Updated 39 minutes ago |3 min read

Nova Scotia MP Sean Fraser was in a Bedford coffee shop on Monday to tout the federal government’s $60-million spring budget allocation to help young entrepreneurs. The minister of housing, infrastructure, and communities talked about the boost for ...

Signage is seen outside of the US Commodity Futures Trading Commission (CFTC) in Washington, D.C., U.S., August 30, 2020.

Big banks face probe over NDAs in swaps, clearing businesses, Bloomberg reports

Reuters |Updated 44 minutes ago |1 min read

(Reuters) - The Commodity Futures Trading Commission (CFTC) has reached out to a number of banks, including JPMorgan Chase, Bank of America and Citigroup to see if they have been preventing would-be whistleblowers from speaking out, Bloomberg ...

People shop at Al Ataba, a popular market in downtown Cairo, Egypt, December 4, 2022.

Egypt economy seen growing slower after IMF deal before picking up- Reuters poll

Patrick Werr |Updated 53 minutes ago |2 min read

By Patrick Werr CAIRO (Reuters) - Egypt's economy will grow slower than previously expected this year after it signed an $8 billion financial support package with the IMF that came with conditions, but growth will accelerate next year, a Reuters ...

A screen shows Argentina's President Javier Milei addressing to the people on national TV as people dine in a restaurant, in Buenos Aires, Argentina, April 22, 2024.

Analysis-Argentina's Milei revs up chainsaw and blender in fiscal deficit attack

Jorge Otaola |Updated 1 hour ago |3 min read

By Jorge Otaola BUENOS AIRES (Reuters) - Argentina's libertarian President Javier Milei is revving up his attack on the country's deep fiscal deficit, doubling down on "chainsaw" spending cuts and "blender" austerity that squeezes purchasing ...