Here are the CP Business Department's plans for today and the top business stories so far. All times Eastern unless otherwise stated. All ETAs and wordcounts approximate. Entries are subject to change as news develops.
If you have any questions, please contact Kate Hopwood at 416-507-2151 or kate.hopwood@thecanadianpress.com. You can always reach the desk at business@thecanadianpress.com or 416-507-2138.
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COVERING:
We will have updates to BoC-Macklem and Trucker-Protest-Supply-Chain.
Watch for a brief update to the Canopy earnings story reflecting the stock's pop today.
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TOP STORIES:
Border blockades tighten supply chain bottlenecks
Trucker-Protest-Supply-Chain
Amid production delays, delivery backlogs and bottlenecked ports, trucker blockades at U.S. border crossing points have added more pressure to an already overloaded supply chain, with food products particularly vulnerable. By Christopher Reynolds. Words: 497, Photos: 1
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Macklem says productivity key to reduced inflation
BoC-Macklem
Ottawa, Ontario, Canada -- The governor of the Bank of Canada says higher interest rates are coming, but businesses also need to boost productivity to help keep rising prices in check over the long term. Words: 377, Photos: 1
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Workers at Sobeys distribution centre go on strike
Sobeys-Warehouse-Strike
Halifax, Nova Scotia, Canada -- Workers at a Sobeys distribution centre in Quebec have gone on strike after negotiations between the company and the union broke down, a situation that could strain an already delicate food supply chain. By Brett Bundale. Words: 577, Photos: 1
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Downtown growth accelerates: census
Census-Downtown
Toronto, Ontario, Canada -- When Mark Garner looks around downtown Toronto all he sees is growth. By Tara Deschamps. Words: 870, Photos: 1
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Alberta venture capital investment on a roll
Alberta-Tech-Investment
Calgary -- In Canada's largest oil and gas producing province, investors who have been made wealthy by the energy sector are starting to open their pockets to a budding local tech industry. By Amanda Stephenson. Words: 781, Photos: 1
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Toronto company creates self-driving car simulator
Waabi-Tech
Toronto, Ontario, Canada -- One of Canada's leading autonomous vehicle experts has unveiled a way to help self-driving vehicles develop intuition and experience away from the road. By Tara Deschamps. Words: 660, Photos: 1
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Canopy Growth reports Q3 sales down
Canopy-Growth-Rslts
A Canopy Growth Corp. warned Wednesday that market headwinds could hamper the cannabis company's ability to be profitable in Canada, even after it spent months uncovering $85 million in cost savings. By Tara Deschamps. Words: 556, Photos: 1
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Canadian used car sales increased 5% in 2021
Used-Car-Growth
Toronto -- DesRosiers Automotive Consultants say used car sales increased five per cent last year amid semiconductor shortages that hampered the new car market and drove buyers to used car lots. Words: 183, Photos: 1
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Alberta files legacy NAFTA claim over Keystone XL
Alberta-NAFTA-Keystone
Calgary, Alberta, Canada -- Alberta is seeking $1.3 billion in compensation from the U.S. government in the wake of President Joe Biden's cancellation of the Keystone XL pipeline's permit. Words: 148, Photos: 1. Moved Prairies.
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Omicron drives down Héroux-Devtek profits, sales
Héroux-Devtek-Rslts
Longueuil, Quebec, Canada -- Héroux-Devtek Inc. is reporting a major drop in profit and revenue last quarter due to supply chain disruptions brought on by the Omicron variant of COVID-19. Words: 191, Photos: 1
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Boston Pizza's fourth-quarter revenue slips
Boston-Pizza-Rslts
Vancouver, British Columbia, Canada -- Boston Pizza International Inc. reported fourth-quarter profit fell to $12.6 million compared with $19.6 million a year ago as the company continues to navigate the COVID-19 pandemic and restrictions on the restaurant industry. Words: 168, Photos: 1
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Cameco reports Q4 profit down, raises dividend
Cameco-Rslts
Saskatoon, Saskatchewan, Canada -- Cameco Corp. raised its annual dividend as it reported its fourth-quarter profit and revenue fell compared with a year ago. Words: 177
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S&P/TSX composite up more than 200 points
Dollar-Markets
Toronto, Ontario, Canada -- Gains in the energy sector helped lead a broad rally as Canada's main stock index rose more than 200 points in late-morning trading, while U.S. stock markets also climbed higher. Words: 158, Photos: 1. Will be updated after market close.
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CP BUSINESS
The Canadian Press
