Category : Search result: insured losses


N.B. Auto Parts Store Loses $20K in Break-In

Napa Auto Parts in Petitcodiac, N.B., was burglarized on Nov. 20, 2025, suffering significant losses. Police are investigating the incident that highlights local business security concerns.

B.C. flood insured loss tally still weeks away

The Insurance Bureau of Canada states it will take weeks to calculate total insured losses from the devastating B.C. floods. Get the latest details on the recovery and financial impact.

U.S. Jobless Rate Hits 4.6%, a Four-Year High

The U.S. unemployment rate rose to 4.6% in November, its highest point since September 2021, as job growth slows and manufacturing sheds positions. Key officials debate the causes.

Major Canadian Banks Beat Q4 Earnings Expectations

TD, BMO, and CIBC surpassed analyst forecasts in Q4, driven by capital markets and wealth management. Despite economic uncertainty, credit loss provisions remained manageable. Get the full analysis.

Domtar Crofton pulp mill closure cuts 350 jobs

Domtar is permanently closing its Crofton pulp mill, eliminating 350 jobs weeks before Christmas. The closure, blamed on lack of affordable wood, deals a devastating blow to B.C.'s forestry sector.

B.C. pulp mill closure leaves 350 out of work

A British Columbia pulp mill is shutting down, resulting in 350 job losses. The closure highlights ongoing challenges in Canada's forestry and manufacturing sectors.

Algoma Steel to Lay Off 1,000 Workers

Algoma Steel announces 1,000 layoffs in Sault Ste. Marie, citing difficult market conditions and trade pressures. Read about the impact and federal support.

Diageo Workers Ratify Plant Closure Deal in Amherstburg

Workers at the Diageo bottling plant in Amherstburg have ratified a closure agreement after the company decided to move operations to the U.S. The deal includes severance and support, but union calls it a 'hard pill to swallow.'

Canada Post stamp prices to increase in 2026

Canada Post warns stamp price hikes are likely in 2026 as pre-tax losses approach $1 billion. Learn how this affects Canadian mail services and what's driving the financial crisis.

Canada Post Reports $541M Loss in Q3 2025

Canada Post faces staggering $541 million pre-tax loss in third quarter, marking unprecedented financial crisis for national mail service. Learn what's behind the massive deficit.

Canada Post Effectively Insolvent, Losses Top $1B

Canada Post CFO declares the crown corporation 'effectively insolvent' as financial losses exceed $1 billion in 2025. Learn about the crisis facing Canada's postal service and its workforce challenges.

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