Court Extends Stay for Risley's CFFI, Reviews $1.4B Debt

A Nova Scotia court has extended creditor protection for John Risley's CFFI Ventures while ordering a comprehensive review of its $1.4 billion debt and asset valuation amid a contentious restructuring proposal led by HPS Investment Partners.

TSX Jumps 200 Points on Oil Surge Above US$90

Canada's main stock index, the S&P/TSX composite, experienced a significant rally, climbing nearly 200 points, driven by a sharp increase in oil prices surpassing US$90 per barrel. This surge reflects heightened market optimism amid global energy dynamics

Montreal Metro Workers Reach Tentative Labor Deal

Maintenance workers for the Montreal Metro system have reached a tentative agreement with management, potentially averting service disruptions. The deal addresses key labor concerns amid ongoing negotiations in Quebec's public transit sector.

Pedestrian Struck at Waterloo Intersection, Police Probe

A pedestrian was struck by a vehicle at the intersection of University Avenue East and Woolwich Street in Waterloo. Local authorities are investigating the incident, which highlights ongoing traffic safety concerns in the area.

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