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  • Business
    The Canadian Press

    Lynx Air announces summer service between Toronto and Kelowna, Hamilton and Vancouver

    CALGARY — Budget airline Lynx Air announced it's launching two new routes for the summer, one from Hamilton to Vancouver and one from Toronto to Kelowna, B.C. The Calgary-based airline says it will offer seasonal summer flights between Toronto Pearson International Airport and Kelowna International Airport starting April 13, and between Hamilton’s John C. Munroe International Airport and Vancouver International Airport starting April 16. Lynx, which first launched in April 2022, says both flight

  • News
    The Canadian Press

    Liberals introduce legislation to create a corporate ownership registry

    OTTAWA — The federal Liberals are moving ahead with plans to create an ownership registry after promising to increase transparency about who owns and controls corporations. Industry Minister François-Philippe Champagne has tabled legislation that would create a corporate beneficial ownership registry. The prospective registry is expected to have the goal of making it easier to identify owners of corporations who launder money, commit financial crimes or evade taxes. Prime Minister Justin Trudeau

  • Business
    The Canadian Press

    Field Trip Health & Wellness enters creditor protection, lays off staff

    TORONTO — Field Trip Health & Wellness Ltd. says it has entered creditor protection and is exploring a sale of its business. The Toronto-based company which operates four psychedelic therapy clinics says the Ontario Superior Court of Justice granted it a creditor protection order today under the Companies’ Creditors Arrangement Act. The order came after the company said its board of directors carefully considered the business's cash position and available alternatives only to determine creditor

  • Business
    Reuters

    FDIC delays bid deadline for Silicon Valley Private Bank - Bloomberg News

    The FDIC did not immediately respond to a Reuters' request for comment. Earlier this week, the FDIC decided to break up Silicon Valley Bank and hold two separate auctions for its traditional deposits unit and its private bank after failing to find a buyer for the failed lender last week.