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  • BlackBerry announces 80 more layoffs in Waterloo

    December 10, 2013 7:36 PM 20

    Another 80 employees were laid off at smartphone maker BlackBerry's Waterloo headquarters Tuesday. The company said the latest staff reduction is part of an ongoing effort to reduce its global workforce by 4500 people. (Nathan Danette/Canadian Press) Waterloo-based smartphone maker BlackBerry has confirmed it has laid off 80 of its employees this week as part of its ongoing

  • HuffPost Alberta highlights Canada.com’s Newsmaker of the Year award

    December 10, 2013 7:26 PM 21

    In the world of year-end lists, a Canada.com article has managed to turn heads. The news site Huffington Post Alberta, which focuses on coverage of Wild Rose Country, has written approvingly about the Canada.com “Newsmaker of the Year” award, which was given to the people of Alberta as recognition of their resilience in the face of natural disaster this year. “Give yourselves

  • Executives abruptly resign at Sunshine Oilsands

    December 10, 2013 5:56 PM 34

    Cash-starved company remains on hold due to lack of capital CALGARY — Two of the top executives in capital-starved Sunshine Oilsands Ltd. have suddenly resigned, the company announced early Tuesday morning. President and chief executive John Zahary and chief financial officer Robert Pearce have tendered their resignations, Sunshine said in an announcement

  • Irving Shipbuilding awards $28M in contracts to modernize Halifax shipyard

    December 10, 2013 5:45 PM 19

    HALIFAX - Irving Shipbuilding has awarded $28.2 million in contracts to Canadian-based suppliers as part of its efforts to modernize its shipyard in Halifax to build the next fleet of navy warships. The contracts include work for concrete foundations, floor slabs and dockwall construction equipment. The company's announcement is part of a $300-million

  • TDSB audit finds more than $1M in improper raises, misuse of funds

    December 10, 2013 3:20 PM 11

    Senior staff at the Toronto District School Board received $1.29 million in salary increases despite a wage freeze between March 2010 and August 2013, according to a forensic audit released by the province Tuesday. The improper raises, as well as unapproved contracts and misspent funds, were contained in a damning audit conducted by Ernst and Young LLP. In addition

  • Clark says jobs plan slow, but still working

    December 10, 2013 2:30 PM 24

    Premier Christy Clark says her goal to transform British Columbia’s economy into one of Canada’s top job-creation engines has hit a rough patch, but she’s not about to ditch her jobs plan or call it a lemon. Clark, in a year end interview with The Canadian Press, said she expects job creation to pick up next year as potential deals with liquefied natural

  • Kellogg's to close their London plant by the end of 2014

    December 10, 2013 2:29 PM 21

    More than 500 jobs will be lost, after Kellogg’s announced it will close their London plant by the end of 2014. A mandatory meeting was held Tuesday morning at the Four Points Sheraton, where Kellogg’s informed full-time unionized workers their intention to close the plant by the end of 2014. The decision comes a month after the cereal maker laid off 110 of its 500 full-time

  • Newfoundland premier to announce financing for Muskrat Falls hydro project: sources

    December 10, 2013 9:21 AM 26

    ST. JOHN'S, N.L. -- Federal and provincial sources say Newfoundland and Labrador Premier Kathy Dunderdale will announce financing details Tuesday for the Muskrat Falls hydro project. Her office says the premier will make a "significant" announcement at an evening news conference. Provincial Finance Minister Tom Marshall has said in recent weeks that a final

  • Chip Wilson Resigning From Lululemon Position After Angering A Whole Lot Of People

    December 10, 2013 6:35 AM 24

    According to a Lululemon Athletica press release, Wilson announced his resignation from the position of non-executive chairman. Michael Casey, lead director of the board, will replace Wilson. The company also announced that Laurent Potdevin, current president of TOMS Shoes, will become Lululemon's chief executive officer, succeeding CEO Christine Day. In November

  • Twitter shares soar, near all-time high

    December 10, 2013 4:13 AM 26

    SAN FRANCISCO (Reuters) - Twitter shares soared more than 9 percent on Monday to their highest level since the company's initial public offering after a spate of product announcements that could boost its revenue prospects. Shares rose to $49 in mid-day trading, up 9.2 percent. Twitter has mostly traded in the low-$40 range in recent weeks since November