Business

Lyft’s shares soar as investors bet on ride-hailing future

Lyft’s shares soar as investors bet on ride-hailing future

Lyft raised its target price from its initial range of $62 to $68 over the course of the last week

The Grand Opening of the Winners store took place at Parkland Mall Tuesday morning. Robin Grant/Red Deer Express

Winners makes a grand opening at Parkland Mall Tuesday

New outlet will draw business and shoppers, says Red Deer-North MLA Kim Shreiner

FILE - This April 26, 2017 file photo shows a Chevrolet sign at a Chevrolet dealership in Richmond, Va. (AP Photo/Steve Helber, File)

GM announces jobs, electric vehicle after Trump criticism

The company says it will spend $300 million at its plant in Orion Township

An Air Canada Boeing 737 Max 8 aircraft departing for Calgary taxis to a runway at Vancouver International Airport in Richmond, B.C., on Tuesday, March 12, 2019. THE CANADIAN PRESS/Darryl Dyck

Air Canada, WestJet purchased safety option reportedly missing on crashed planes

The safety features are not standard on the aircraft and are offered by Boeing as upgrades

An Air Canada Boeing 737 Max 8 aircraft departing for Calgary taxis to a runway at Vancouver International Airport in Richmond, B.C., on Tuesday, March 12, 2019. THE CANADIAN PRESS/Darryl Dyck
Owner of the In Harmony Meditation and Wellness Center Wendy Hansen said she became a certified meditation coach to help people with the use of meditation. The wellness centre opened in Parkland Mall on Saturday. Robin Grant/Red Deer Express
Owner of the In Harmony Meditation and Wellness Center Wendy Hansen said she became a certified meditation coach to help people with the use of meditation. The wellness centre opened in Parkland Mall on Saturday. Robin Grant/Red Deer Express
Air Canada suspends financial forecast for 2019 after Boeing 737 Max grounded

Air Canada suspends financial forecast for 2019 after Boeing 737 Max grounded

Analyst Walter Spracklin of RBC Dominion Securities advised investors not to be alarmed

Air Canada suspends financial forecast for 2019 after Boeing 737 Max grounded
Imperial Oil president and CEO Rich Kruger prepares to address the company’s annual meeting in Calgary, Friday, April 28, 2017.THE CANADIAN PRESS/Jeff McIntosh

Imperial Oil slows development of Aspen project, cites Alberta production cuts

Project was previously projected to add 75,000 barrels per day of bitumen production

Imperial Oil president and CEO Rich Kruger prepares to address the company’s annual meeting in Calgary, Friday, April 28, 2017.THE CANADIAN PRESS/Jeff McIntosh
Rising global debt holding back growth, opening up vulnerabilities: central bank

Rising global debt holding back growth, opening up vulnerabilities: central bank

U.S.-China trade war, expanding global geopolitical unrest have been key worries for the Bank of Canada

Rising global debt holding back growth, opening up vulnerabilities: central bank
Facebook, Messenger and Instagram apps are are displayed on an iPhone on Wednesday, March 13, 2019, in New York. (AP Photo/Jenny Kane)

Facebook says outages due to ‘server configuration change’

Outages affected Facebook, Messenger, Instagram and WhatsApp

Facebook, Messenger and Instagram apps are are displayed on an iPhone on Wednesday, March 13, 2019, in New York. (AP Photo/Jenny Kane)
(The Canadian Press)

Canada’s Big 5 bank CEOs pay rises 6.5% to earn $54M in 2018

Volatility in equity markets last year also put pressure on the banks’ valuations

(The Canadian Press)
U.S. grounding of Boeing jet shows limits of company’s clout

U.S. grounding of Boeing jet shows limits of company’s clout

President Donald Trump announced the 737 Max 8 and Max 9 jets in the U.S. were being grounded

U.S. grounding of Boeing jet shows limits of company’s clout
Air Canada, WestJet expected to take financial hit from 737 Max 8 ban

Air Canada, WestJet expected to take financial hit from 737 Max 8 ban

The ban comes four days after the Ethiopian Airlines disaster that killed all 157 people on board

Air Canada, WestJet expected to take financial hit from 737 Max 8 ban
Packages move along a conveyor belt at the Amazon.com fulfillment center in Robbinsville, New Jersey, on June 7. (Bloomberg/Photo by Bess Adler)

Amazon removes books that promoted an autism ‘cure’

An Amazon.com Inc. spokeswoman confirmed the books were no longer available

Packages move along a conveyor belt at the Amazon.com fulfillment center in Robbinsville, New Jersey, on June 7. (Bloomberg/Photo by Bess Adler)
Apple CEO trumps Trump, reframing his name game
Apple CEO trumps Trump, reframing his name game
Most expensive new car ever: Bugatti sells for $19 million

Most expensive new car ever: Bugatti sells for $19 million

A one-off Bugatti luxury sports car displayed at the Geneva auto show has sold for $18.9 million

Most expensive new car ever: Bugatti sells for $19 million
Pengrowth launches review after debt refinancing fails amid plunging oil prices

Pengrowth launches review after debt refinancing fails amid plunging oil prices

Shares in Pengrowth plunged by as much as 29 per cent to 51 cents in early trading on stock exchange

Pengrowth launches review after debt refinancing fails amid plunging oil prices
Stephen Poloz, Governor of the Bank of Canada concludes a news conference concerning the rise of the bank’s interest rates, in Ottawa, Tuesday July 12, 2017. (Fred Chartrand/The Canadian Press)

Central bank holds rate, notes ‘increased uncertainty’ on timing of future hikes

Central bank’s trend-setting interest rate is staying at 1.75 per cent for a third-straight announcement

Stephen Poloz, Governor of the Bank of Canada concludes a news conference concerning the rise of the bank’s interest rates, in Ottawa, Tuesday July 12, 2017. (Fred Chartrand/The Canadian Press)
China revokes Canadian canola permit as dispute escalates

China revokes Canadian canola permit as dispute escalates

Richardson International Ltd. said its permit to export canola to China has been revoked

China revokes Canadian canola permit as dispute escalates
FILE- In this Feb. 5, 2019. (AP Photo/Ted S. Warren, File)
FILE- In this Feb. 5, 2019. (AP Photo/Ted S. Warren, File)
FILE - In this Dec. 11, 1967, file photo, two test pilots who will fly the Concorde, the British-French supersonic airliner, Andre Turcat, of France and left, British pilot Brian Trubshaw, stand in front of the prototype of the jet during its roll out ceremony in Toulouse, France. (AP Photo/Peter Kemp, File)
FILE - In this Dec. 11, 1967, file photo, two test pilots who will fly the Concorde, the British-French supersonic airliner, Andre Turcat, of France and left, British pilot Brian Trubshaw, stand in front of the prototype of the jet during its roll out ceremony in Toulouse, France. (AP Photo/Peter Kemp, File)