North American markets edge higher on Monday amid tech gains
Canada’s S P/TSX composite rose 74.78 to 21 200.06 while U S indices advanced with the Dow up 224.02 to 38 333.45 the S P 500 up 36.96 to 4 927.93 and the Nasdaq up 172.68 to 15 628.04 as investors await earnings week and Fed decision. Trans Mountain pipeline delay weighs on oilsands stocks MEG Energy drops 4.7 percent. Canadian dollar at 74.39 cents U S. Crude near 76.78 a barrel natural gas at 2.05 per mmBtu gold at 2044.60 an ounce copper at 3.88 a pound.
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March
Flair takes a pause on expansion amid debt and delivery delays
Flair Airlines CEO Stephen Jones says expansion is suspended for at least a year due to Boeing delivery delays and a $67.2 million tax debt to the CRA. The airline plans no fleet growth in 2024, aiming to stabilize finances and resume growth in 2025 while facing sharp competition from WestJet, Swoop, Porter, and Lynx Air. The federal court order allows seizure of Flair assets if repayment fails.
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Fla
Ottawa
Leon's plans 4000 homes near Toronto highways site
Leon's Furniture Ltd. aims to build upwards of 4000 homes on land around its Toronto head office near the 400 and 401 highways. The company has secured a rezoning from employment to housing and will develop a master planned community with townhouses and high rises alongside a flagship store. Chief executive Michael Walsh says the densification meets housing demand and boosts shareholder value as shares rise on the TSX.
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