Uncategorized
Less than 1 min.read

BEFORE THE BELL: Bombardier announces massive layoffs and asset sale; US Feds meet to talk interest rates

James Bowler
By James Bowler

Investors are feeling confident as good economic news continues to push global markets ahead. China recently announced an unexpected gain in trade numbers despite an ongoing dispute with the US. This is helping continue yesterday’s boost caused by a Democrat takeover of the House of Representatives in the US midterm elections.

Traders are still watching carefully as the US Federal Reserve meets to discuss the US economy and the possibility of another interest rate hike before the end of the year.

The price of crude isn’t seeing a lot of action, as US oil gains only slightly to 61.78 a barrel.

The Loonie is growing to 76.33 cents US.

Bombardier is cutting 5,000 jobs over 18 months and selling company assets to save hundreds of millions of dollars. The so-called restructuring plan to get out of a massive debt hole comes despite the company reporting a near $150 million profit in its last quarter.

James Bowler
James Bowler

Continue Reading

You may also like



cjcd Now playing play

- Advertisement -

Related Articles

- Advertisement -

Latest News

Shauit’s latest music project joins diverse richness of Indigenous north and south at FOTR

Folk On The Rocks
Shauit says his latest work blends Northern Indigenous and southern Indigenous Latin and African music. The artist is bringing ground-breaking fusions created in collaboration with musicians from Turtle Island’s North, Quebec, Mexico and France to the Folk On The Rocks in Yellowknife. “To go to more places that Innu music didn't go before. To show my nation, to show young artists that they can do whatever they want,” explains the artist, who is originally from Maliotenam.

Hay River on roll to another ParticipACTION win

Northwest Territories
The town of Hay River has once again been named a finalist in the 2026 Community Challenge.Just last year, Hay River not only picked up the title of the most active community in N.W.T. but also nabbed $15,000 in prize funding support for local physical activity and sport initiatives. And in 2024, Hay River won the top prize in the national challenge, picking up $100,000 in prize funding.

Crews fighting fires in Dehcho amid extreme conditions and poor visibility

Fire
In the Dehcho region, Wildland crews reported that while some areas remain problematic, direct attack methods on FS016, south of Liidlii Kue and Fort Simpson were effective on Tuesday. In Wrigley, response efforts were overwhelmed by conditions and poor visibility.  In the South Slave region, a wildfire located about 20 km from Hay River has been 90 per cent contained following nearly two weeks of active response.

Intersections across city to see signal and hardware makeovers in next 3 weeks

City of Yellowknife
A series of traffic signal maintenance and hardware upgrades are set to begin Thursday at intersections throughout the city of Yellowknife. The work is scheduled to continue until July 31. City staff said during the three week period, temporary traffic signal interruptions can be anticipated.

Older Adult “Campus of Care” model in Yellowknife getting more recognition

Northwest Territories
AVENS in Yellowknife has recently received a special accreditation for meeting a bar of care set by an independent national committee. While about 7,800 organizations across the country have a similar accreditation, about 55 organizations in the territory currently hold this type of accreditation. The AVENS Community for Seniors in Yellowknife received accreditation under the Qmentum Long Term Care program.