A violent wave and strong winds briefly knocked out power and the navigation system on a luxury Norwegian cruise on Thursday, Danish authorities and the ship’s owner said. The authorities’ update comes as harrowing footage of massive waves rocking the ship in the North Sea has gone viral, including a clip of the wild wave … [Read more…]
Quebec is technically falling into recession, but the Legault government continues to talk about an economic slowdown. The Quebec Institute of Statistics (ISQ) has just published data for the third quarter of 2023. Gross domestic product (GDP) fell by 0.2%. In the previous quarter, GDP also fell, but by 0.4%. Since this is the second … [Read more…]
After a year of considering the matter, Ottawa finally approved the Royal Bank of Canada’s (RBC) takeover of HSBC Canada on Thursday evening after securing job creation commitments and a $7 billion donation for affordable housing. • Also read: RBC is acquiring HSBC Canada for $13.5 billion In addition to integrating HSBC Canada’s operations into … [Read more…]
Vaudreuil-Dorion will ultimately not receive its $100 million order fulfillment center from American giant Walmart, announced last year, as the American multinational now prefers to modernize eight stores on Quebec soil, the company announced Thursday. “Instead of moving forward with the opening of the previously announced distribution center in Vaudreuil-Dorion, we have decided to accelerate … [Read more…]
“It is impossible to answer this question at this point,” admitted the Ministry of Economic Affairs The newspaper wanted to know how many millions of dollars in public money Quebec could lose by restructuring the textile company Duvaltex. In three years (from 2018 to 2021), Duvaltex and its subsidiary Armfoam received loans worth $42 million … [Read more…]
Founded in the midst of an economic crisis, the Beauchamp Art Galleries continue to strive to sell works of art as safe investments, even in difficult economic contexts. “We started this in the middle of the employment crisis [en 1993]“, then we had the internet bubble, the crash of 2008 and finally COVID,” says gallery … [Read more…]
School catering companies have been struggling in several regions of Quebec since the Autonomous Education Federation (FAE) strike began. Astronomical losses of income and sudden layoffs have characterized their everyday lives over the last five weeks. This is the reality of Midibouffe’s owners, Maria Perrotta and Joe Magri, who count 30 schools in Laval and … [Read more…]