Description: On Wednesday morning we woke to the news that 155,000 federal public servants had gone on strike. While the union has been asking for a 13.5% increase spread over three years, the federal government’s best offer is pegged at 9%. The striking workers include 35,000 from the Canada Revenue Agency (CRA), raising potential problems… Read more »
Posts Categorized: Student life
13 Billion on Batteries
Description: The Government of Canada is offering $13 billion in subsidies to Volkswagen to build the first auto battery plant in North America. The federal assistance is to be delivered through tax subsidies, contingent upon Volkswagen meeting agreed upon output targets. VW’s planned plant in St. Thomas, Ontario, is slated to open in 2027. It’s… Read more »
Save Hard; Then Splurge
Description: Jennifer Anchan drives a 2001 Honda Accord that she bought for $1,700 cash; she also purchases used items off Kiiji, and shops more often at dollar stores these days. But she is willing to spend big for travel and concert tickets, savouring experiences with friends over acquiring new things. Recent data from the Royal… Read more »
Tough Times at Tupperware
Description: For much of its 77 year history, Tupperware was the go-to storage container for many families putting away leftovers or meeting other food storage needs. The multi-coloured plastic devices were sold by Tupperware’s independent representatives in parties held in customers’ homes. But the in-person sales technique had fallen out of favour in more recent… Read more »
A Tough End to the School Year
Description: In my small university town, Sackville, New Brunswick, Friday saw a tough end to the university year as a major fire not only left several Mount Allison University students and a university staff member homeless, it also wiped out a major social landmark by destroying Joey’s Pizza and Pasta, a restaurant favoured by students,… Read more »
WestJet Strike?
Description: It’s probably not the news you wanted to hear as you wind down the winter term at university and get ready to travel back home for the summer break: WestJet’s pilots’ union is set for a strike vote. Bernard Lewall, a union representative, is frustrated by the results of the last six months of… Read more »
Rogers-Shaw Merger Approved
Description: The Government of Canada has approved Rogers takeover of Shaw. The move grants Rogers an even greater share of Canada’s cable and media business. But Rogers mobile phone business will see only limited gains as it picks up the smaller prize, Shaw Mobile, which operates primarily in Alberta and BC. The larger portion of… Read more »
Good Times at Dollarama
Description: Inflationary times have been good times for Dollarama. The rising cost of living has driven customers Dollarama’s way in a search of savings, pushing sales figures about 17 percent higher than in the previous fiscal year. Profits are also up, prompting the discount retailer to pump up the quarterly dividend to its shareholders. Date:… Read more »
Gordon Moore Dies
Description: Intel co-founder Gordon Moore has died at age 94. In 1965 Moore made a famous prediction that became known as Moore’s Law: essentially, it states that the capacity of computer chips would double every 12 months or so. His rule was expanded to a broader range of technology, sparking the notion that the next… Read more »
Here Comes Shake Shack
Description: Canada will be getting its first Shake Shack in 2024. The American burger joint has targeted Toronto for its entry into our Canadian market, but it has said it plans to have 35 stores here by 2035. The fast food market in Canada reports growing sales, with the number up 9% in 2022 and… Read more »