Train Derailment in St. Catharines Under CN Railway Investigation
A train derailment occurred in St. Catharines, with CN Railway launching an investigation. Niagara Regional Police are assisting, and no injuries have been reported so far.
Category : Business
Australia Halves Fuel Tax as Middle East War Escalates
Australia announces a 50% reduction in fuel tax in response to rising tensions in the Middle East, including Iran's control of the Strait of Hormuz and U.S. troop deployments, aiming to ease economic pressures on consumers.
China Bans 'Bone Ash Apartments' Amid Cemetery Cost Crisis
China implements new law prohibiting families from storing ashes in empty apartments as cemetery plot prices skyrocket. Younger tenants accept deceased neighbors for lower rents amid rapid aging and property market downturn.
Uber Buys Blacklane to Boost High-End Ride-Hailing Offerings
Uber Technologies Inc. has purchased Berlin-based chauffeur booking app Blacklane, aiming to strengthen its position in the premium ride-hailing market. The deal targets business executives and wealthy consumers, with competition intensifying among luxury
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China Resumes Direct Flights to North Korea After 6 Years
Direct air travel between Beijing and Pyongyang has recommenced, marking a significant step in reconnecting the two nations after a prolonged suspension of flights.
U.S. Stocks Rebound as Oil Prices Climb, War Uncertainty Persists
U.S. stocks rose Monday, recovering from a five-week losing streak despite climbing oil prices and ongoing war tensions in the Persian Gulf, with mixed global market movements.
Icy Roads Cause Multiple Crashes, Close Windsor Expressway
Windsor police responded to nearly a dozen collisions Saturday morning as freezing temperatures created hazardous driving conditions, leading to temporary closure of E.C. Row Expressway.
Regular Bus Routes Return to Laval After Maintenance Delays
The Société de transport de Laval confirms regular bus services will resume after maintenance setbacks, improving transit for residents in the Montreal area.
Air Canada CEO Ousted Over Language Politics, Not Performance
Air Canada CEO Michael Rousseau announces retirement amid pressure from political leaders over his unilingual English video after a fatal crash, highlighting a language debate overshadowing his successful tenure.
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Air Canada CEO to Retire After French Language Controversy
Air Canada CEO Michael Rousseau will step down later this year following public and political criticism over his lack of French proficiency, marking a leadership transition for the national carrier.
Ottawa Taxi Drivers Back in Court in Ongoing Lawsuit
Taxi drivers in Ottawa are heading back to court as their legal battle against the city continues, highlighting ongoing disputes over regulations and compensation.
World Cup Airbnb Rates Hit $6,000 Per Night in Housing Frenzy
The 2026 FIFA World Cup is driving a massive surge in short-term rental prices across host cities, with some Airbnbs exceeding $6,000 per night as property owners capitalize on fan demand.
Seniors Outearn Youth as Canadian Happiness Plummets
New data reveals Canadian seniors now have higher incomes than young adults, while youth happiness ranks 71st globally. This generational divide highlights economic and social challenges facing Canada's younger population.
Alberta Youth Unemployment Gap Widens, Experts Warn
Alberta faces the highest youth unemployment rate in Western Canada, with a widening gap between young adults aged 19-24 and older workers. Experts highlight challenges in job hunting and the need for networking beyond education.
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Shawn Chang Appointed ASUS North America General Manager
ASUS appoints Shawn Chang as General Manager of its North America System Business Group. With over 20 years of experience, Chang will lead strategic growth across consumer, gaming, and commercial markets, focusing on AI-powered computing and B2B expansion
Wall Street Gains as Oil Prices Soar on Iran Fears
Stock markets point upward despite rising oil prices driven by geopolitical tensions in Iran, highlighting economic volatility and investor caution in early 2026.
Brent Crude on Track for Record Monthly Surge
Brent crude oil prices are set for their largest monthly gain since 1988, soaring approximately 58% in March 2026 as Houthi attacks escalate tensions in the Gulf region, surpassing even Gulf War-era spikes.
Air Canada CEO to Retire Following French Language Controversy
Air Canada CEO Michael Rousseau announces retirement after facing backlash for delivering an English-only condolence message following a fatal airport collision.
Alberta Business Council Hosts Energy Summit in Calgary
The Business Council of Alberta will hold a key energy leadership meeting in Calgary, focusing on strategic discussions for the province's energy sector amid evolving economic landscapes.
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Nasdaq's 'Fast Entry' Rules Speed Up New Listings
Nasdaq introduces new 'fast entry' rules to streamline the listing process for companies on its benchmark index, aiming to boost market efficiency and attract more listings amid competitive pressures.
Windsor Farmers' Market Opens 2026 Season with Big Crowds
The Downtown Windsor Farmers' Market launched its 2026 season on a chilly Saturday, drawing large crowds to enjoy fresh produce, local foods, and live music. Vendors reported a successful first day despite cold weather, with the market expanding its footp
Air Canada CEO Michael Rousseau to Retire in Late 2026
Air Canada has initiated a search for a new CEO as Michael Rousseau plans to retire at the end of the third quarter in 2026, following recent controversy over an English-only condolence video.
Windsor's Advanced Traffic System Improves Commute Times
Windsor has implemented a new advanced traffic management system that is significantly reducing commute times and improving traffic flow on the city's major roadways, according to recent reports.
Canada, Glencore Near Deal to Save Quebec Copper Facility
The Canadian government is considering $150 million in financial aid to preserve the Horne Smelter, Quebec's vital copper processing facility, as Glencore threatened closure over pollution regulations.
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Transports Missing Wheels on Ontario Highways, Drivers Charged
Police in northern Ontario have charged two commercial drivers after discovering two transport trucks missing wheels on Highways 11 and 17 last weekend.
Air Canada CEO Michael Rousseau to Retire After French Language Row
Air Canada CEO Michael Rousseau is stepping down after facing criticism for his inability to speak French, which sparked protests and parliamentary scrutiny over representation at the Montreal-based airline.
Easter 2026: Economic Pressures Create Two-Tier Holiday Meals
In 2026, Easter dinner reflects economic strain as rising costs of lamb and chocolate contrast with affordable turkey and ham, signaling a shift from tradition to value-driven choices.
Nvidia's PE Ratio Sinks to Seven-Year Low on War, AI Angst
Nvidia Corporation's price-to-earnings ratio has plummeted to its lowest level in seven years, driven by geopolitical tensions and uncertainties in the artificial intelligence sector, impacting investor confidence.
Gold's Fall Could Worsen: $1,000 Further Drop Possible
Gold prices have plunged 16% since Middle East conflict began, with Capital Economics predicting another $1,000 drop to $3,500 by year-end as central bank purchases slow and speculative capital flees.
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Morgan Stanley Downgrades Global Equities, U.S. as Defensive Market
Morgan Stanley has downgraded its outlook for global equities, citing geopolitical risks from the Middle East conflict. The firm identifies the U.S. market as a defensive haven amid the turmoil.
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