Posted 2/15/2024, 7:45:00 PM
Canadian Tire Profit Plunges 68% as Warm Winter Damps Spending; Ford Rethinks UAW Ties After Strike; West Fraser Cautiously Optimistic on Inflation, Supply Chains; Richmond Considers Supervised Drug Use Site Despite Controversy; Air Canada Pilots Seek Higher Wages
- Canadian Tire sees 68% profit drop in key holiday quarter due to economic environment and warm winter dampening spending
- Ford CEO says UAW strike changed relationship, will "think carefully" about future vehicle production locations
- West Fraser CEO sees ongoing challenges like inflation, labor constraints but encouraged by lower mortgage rates, supply chain improvement
- Richmond, BC council votes 7-2 to explore establishing controversial supervised consumption drug site
- Air Canada pilots see progress in contract talks with mediator, aim to narrow wage gap with higher-paid U.S. peers