Business

New mixed-use tower Align joins sister building Arc in strengthening U of M-area population

Joshua Frey-Sam 4 minute read 6:00 AM CDT

Campus Suites’ eight-year vision for student housing in Winnipeg will finally come to fruition this summer.

The Toronto-based developer is putting the finishing touches on Align, its second mixed-use building at 2537 Pembina Hwy., across from the University of Manitoba’s Fort Garry campus. It will open for occupancy by the end of July.

The 16-storey, 397-unit (554-bed) development stands next to Phase 1 of the two-building project, the Arc — a 16-storey, 368-unit (570-bed) complex which opened in 2021.

“We’ve created two iconic buildings that I think will stand the test of time,” Henry Morton, president of Campus Suites, told the Free Press.

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Markets bet on second Bank of Canada interest rate cut coming this week

Amanda Stephenson, The Canadian Press 4 minute read Preview

Markets bet on second Bank of Canada interest rate cut coming this week

Amanda Stephenson, The Canadian Press 4 minute read 3:00 AM CDT

Economists and market watchers are betting the Bank of Canada will deliver another interest rate cut this week amid mounting evidence that inflation issustainably easing.

Expectations that the bank will lower its overnight lending rate when it makes its scheduled announcement Wednesday have been high since last week's release of the latest Statistics Canada inflation report, which showed annual inflation cooled to 2.7 per cent in June.

The inflation reading was less than the 2.8 per cent that markets had been expecting and has helped to build market confidence that the Bank of Canada may be poised for a second rate cut, on top of the 25-basis-point cut it announced last month.

"I think it's very likely the Bank of Canada cuts rates again next week. It wouldn't really make sense from a strategic point of view to only cut rates 25 basis points and then leave them there and see how the economy responds, because that wouldn't really cause a lot of change in the trajectory of the economy or inflation," said Royce Mendes, managing director and head of macro strategy at Desjardins.

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3:00 AM CDT

Governor of the Bank of Canada Tiff Macklem speaks during a news conference on the Bank of Canada's rate announcement in Ottawa on June 5, 2024. THE CANADIAN PRESS/Justin Tang

Philippine president orders shutdown of Chinese-run online gambling outfits employing thousands.

Jim Gomez, The Associated Press 5 minute read Preview

Philippine president orders shutdown of Chinese-run online gambling outfits employing thousands.

Jim Gomez, The Associated Press 5 minute read 8:40 AM CDT

MANILA, Philippines (AP) — President Ferdinand Marcos Jr. on Monday ordered an immediate ban on widespread and mostly Chinese-run online gaming operations in the Philippines accusing them of venturing into crimes, including financial scams, human trafficking, torture, kidnappings and murders.

Marcos also said in his state-of-the-nation address that the Philippines would press efforts to strengthen its defensive capability by forging security alliances with friendly countries to counter threats to its territorial interests in the South China Sea, adding that his country would only settle disputes through diplomacy.

He made the remarks on the territorial conflicts before legislators, top officials and diplomats at the House of Representatives after the worst confrontation between Chinese and Filipino forces in the disputed waters last month.

Marcos’ decision to ban the Chinese-run online gambling outfits — estimated to number more than 400 across the Philippines and employing tens of thousands of Chinese and Southeast Asian nationals— came amid an ongoing government crackdown backed by Beijing.

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8:40 AM CDT

Philippine President Ferdinand Marcos Jr. delivers his third State of the Nation Address as Senate President Francis Escudero, left and House Speaker Martin Romualdez, right, look on at the House of Representatives in Quezon City, Philippines, on Monday, July 22, 2024. (AP Photo/ Gerard V. Carreon)

Small Mercies reopening a big hit in Osborne Village

Matthew Frank 4 minute read Preview

Small Mercies reopening a big hit in Osborne Village

Matthew Frank 4 minute read Updated: 6:52 AM CDT

What would have been the final chapter for a local café has instead brought fresh coffee and flowers back to Osborne Village.

Small Mercies, a café and boutique, reopened its doors on July 3 after being closed for more than a year after a fire tore through the building.

“It sounds cheesy, but I didn’t want to give up on this,” said Arden Coy, co-owner of Small Mercies. “I really wanted to stick it out for people to come back and enjoy again.”

Early on June 3, 2023, Coy received a call that smoke was detected in the café. She raced to the building, peeling out of her driveway with tires screeching.

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Updated: 6:52 AM CDT

MATTHEW FRANK / FREE PRESS

Co-owner Arden Coy has done a booming business since reopening Small Mercies, a cafe and boutique in Osborne Village.

Air travel delays continue, though most airlines have recovered from global tech outage

The Associated Press 2 minute read Preview

Air travel delays continue, though most airlines have recovered from global tech outage

The Associated Press 2 minute read 7:27 AM CDT

Delays at some airports continue after a faulty software update caused havoc worldwide and led to the grounding by almost all airlines of a number of flights, but the impact is receding.

Total cancellations within, into or out of the U.S. earlyl Monday totaled 758, according to the latest data from FlightAware, which is greater than a typical with no holiday. The vast majority of cancellations were Delta Air Lines flights.

Delta reported 626 cancellations, or nearly 83% of all cancelled flights.

Delta Chief Executive Ed Bastian said in a message to customers Sunday that the airline continues to recover and restore operations after the outage. He said a pause in Delta’s operations resulted in more than 3,500 Delta and Delta Connection scrubbed flights. Delta has been offering waivers to affected customers.

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7:27 AM CDT

FILE - A Delta Air Lines jet leaves the gate, Friday, July 19, 2024, at Logan International Airport in Boston. Some airline issues are continuing on Monday after a faulty software update caused technological havoc worldwide and resulted in several carriers grounding flights, but the number of flights impacted is declining. (AP Photo/Michael Dwyer, File)

Boardwalk Fries Burgers Shakes whips up Winnipeg debut

Aaron Epp 3 minute read Preview

Boardwalk Fries Burgers Shakes whips up Winnipeg debut

Aaron Epp 3 minute read Friday, Jul. 19, 2024

A new Winnipeg business is proving you don’t need sand or water to draw people to the boardwalk.

The Boardwalk Fries Burgers Shakes chain celebrated the grand opening of its first Manitoba location Friday. The restaurant, which offers “low-cost fast casual” food, is located in the Westdale neighbourhood at 6650 Roblin Blvd.

Franchisee and manager Garry Cheema opened the 1,690-square-foot restaurant, which is sandwiched between a Liquor Mart and No Frills in the ParkWest Shopping Centre, on May 25.

Business has been good since then, he said this week, thanks to promotion via social media. Cheema ramped up those efforts in advance of the grand opening celebration Friday.

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Friday, Jul. 19, 2024

BROOK JONES / FREE PRESS
Boardwalk Fries Burgers Shakes franchisee Garry Cheema at the 6650 Roblin Blvd. restaurant’s grand opening Friday.

Bombardier opens new maintenance station at Farnborough, U.K. airport

The Canadian Press 1 minute read Preview

Bombardier opens new maintenance station at Farnborough, U.K. airport

The Canadian Press 1 minute read Updated: 7:33 AM CDT

MONTREAL - Bombardier Inc. says it is opening a new European maintenance station located at the Farnborough, U.K. airport.

The new location is meant to provide light scheduled and unscheduled maintenance and support for grounded aircraft.

It brings Bombardier’s worldwide number of line maintenance stations to nine.

The Montreal-based maker of business jets also has service centres located in areas such as London, Berlin and Paris.

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Updated: 7:33 AM CDT

Bombardier Inc. says it is opening a new European maintenance station located at the Farnborough, U.K. airport. Employees work on aircraft during a media preview of the Bombardier Aircraft Assembly Centre in Mississauga, Ont., Monday, Jan. 22, 2024. THE CANADIAN PRESS/Christopher Katsarov

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Delta Air Lines says cancellations continue as it tries to restore operations after tech outage

The Associated Press 2 minute read Preview

Delta Air Lines says cancellations continue as it tries to restore operations after tech outage

The Associated Press 2 minute read Updated: Yesterday at 9:45 PM CDT

NEW YORK (AP) — Airlines, including Delta Air Lines, continued to struggle to restore operations two days after a faulty software update caused technological havoc worldwide and resulted in several carriers grounding flights.

Total cancellations within, into or out of the U.S. on Sunday clocked in at 1,461, according to the latest data from FlightAware. Delta and United Airlines topped the cancellations.

Delta Chief Executive Ed Bastian said in a message to customers Sunday that flight cancellations continued as the airline tried to recover its systems and restore operations. He noted that the pause in Delta’s operations resulted in more than 3,500 Delta and Delta Connection scrubbed flights. Delta has been offering waivers to affected customers.

Bastian noted that that one of their crew tracking-related tools was affected and unable to effectively process the unprecedented number of changes triggered by the system outage.

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Updated: Yesterday at 9:45 PM CDT

A traveller looks up while talking on a cellphone as passengers wait in line for assistance at the Delta Terminal, Friday, July 19, 2024, at Logan International Airport in Boston. (AP Photo/Michael Dwyer)

Collaborative effort builds supportive, thriving environment

Tory McNally 5 minute read Preview

Collaborative effort builds supportive, thriving environment

Tory McNally 5 minute read Saturday, Jul. 20, 2024

When Sarah, a talented graphic designer who uses a wheelchair, joined a small marketing firm, the team knew it had to make some adjustments to ensure she felt comfortable and could perform her best.

Instead of simply checking off the legal requirements, Sarah’s manager, Philip, sat down with her to discuss her specific needs and brainstorm practical solutions. Together, they developed a plan that was both fiscally responsible and effective.

For instance, while the ideal accommodation might have been a costly, custom-built desk, they found a few affordable ergonomic adjustments and rearranging the office layout met Sarah’s needs perfectly.

This collaborative effort not only made Sarah feel valued and included but also set a positive tone for the entire workplace.

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Saturday, Jul. 20, 2024

Inclusive and supportive workplaces can go a long way in fostering loyalty. (Ivan Samkov / Pexels.com)

Air Canada cuts 2024 forecast amid tough competition in international markets

The Canadian Press 1 minute read Preview

Air Canada cuts 2024 forecast amid tough competition in international markets

The Canadian Press 1 minute read 9:21 AM CDT

MONTREAL - Air Canada is lowering its 2024 forecast as it grapples with tough competition in international markets and its planes aren't as full as it anticipated during the second half of the year.

The airline says it now expects its adjusted earnings before interest, taxes, depreciation and amortization for the year to be within $3.1 billion to $3.4 billion, down from its previous outlook of $3.7 billion to $4.2 billion.

The new outlook comes as the company reported preliminary results for the second quarter ahead of its next earnings date of Aug. 7.

Air Canada says it expects operating revenues of around $5.5 billion for its second quarter, compared with $5.4 billion in the same quarter last year.

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9:21 AM CDT

Air Canada is cutting its 2024 forecast amid challenges such as sustained supply chain pressures, evolving market conditions and ongoing geopolitical issues.Ground crew prepare an Air Canada plane for a flight at Pierre Elliott Trudeau International Airport in Montreal, Friday, Dec. 23, 2023. THE CANADIAN PRESS/Christinne Muschi

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