Levi's cutting 700 jobs amid pandemic sales slump

Business·NewLevi's said Tuesday that it will cut 700 office jobs, or about 15 per cent of its worldwide corporate workforce, as it deals with a sharp drop in sales due to the coronavirus pandemic.San Francisco-based jeans maker says layoffs will save about $100M US a yearThe Associated Press · Posted: Jul 07, 2020 10:49 PM…

Tanker full of Alberta oil makes its way east to New Brunswick — via the Panama Canal

Cenovus Energy is sending a shipment of crude oil down through the Panama Canal as part of its first-ever transaction with New Brunswick's Irving Oil. The oil shipment will make the 11,900-kilometre journey to Irving's refinery in Saint John by tanker ship, Cenovus announced in a social media post on Wednesday.The news comes two months after…

Investors make Tesla most valuable car company in the world despite being outsold by Toyota 25-1

Tesla Inc. became the most valuable car company in the world on Wednesday, a day before the electric car maker posted better-than-expected sales numbers. Tesla announced that it delivered 90,650 vehicles during the quarter, better than the 74,130 vehicles that analysts who cover the company were forecasting.That's a decline of about five per cent from the number…

Canada's 5 big banks join anti-hate advertising boycott of Facebook

All five of Canada's biggest banks are joining an international boycott of Facebook over concerns that the platform is complicit in promoting racism, violence and misinformation. Scotiabank, RBC, CIBC, BMO and TD have pledged to stop purchasing ads on the site for the month, aligning themselves with brands such as Lululemon Athletica and Mountain Equipment…