Advertisement
Lion Electric To Cut 150 Jobs Or 10% Of Total Headcount Amid Rationalization Of Cost Structure
(RTTNews) - Electric urban vehicles maker Lion Electric Co. (LEV, LEV.TO) announced Monday a workforce reduction aimed at rationalizing its cost structure and improving its ability to reach its profitability objectives.
The company said the reduction affects 150 employees or approximately 10% of Lion's total headcount, in production overhead, manufacturing, product development and administrative functions, both in Canada and the United States.
read more
Bay Street Likely To Open On Mixed Note
Canadian shares are likely to open on a mixed note Thursday morning. Activity is likely to remain stock specific, and the market may well remain a bit subdued at times with investors looking for direction.
RTTNews
|
4h 41min ago
FTSE Roughly Flat In Cautious Trade; Experian Plunges Sharply
The U.K. market is subdued on Thursday, underperforming other major markets in Europe, with investors focusing on corporate news and largely making stock specific moves.
RTTNews
|
5h 10min ago
CAC 40 Climbs To Six-month High; Stellantis, WorldLine Post Strong Gains
French stocks are up firmly in positive territory on Thursday, and the benchmark CAC 40 has climbed to a six-month high, thanks to some strong buying in technology and auto sectors.
RTTNews
|
6h 17min ago
DAX Up Sharply On Fed Rate Cut Hopes, Easing Concerns Over Government Shutdown
German stocks are up in positive territory on Thursday amid rising expectations of more monetary easing by the Federal Reserve, and hopes that the government shutdown in the U.S. is unlikely to have a significant impact on the economy.
RTTNews
|
6h 36min ago
Eurozone Jobless Rate Rises Slightly
The euro area unemployment rate rose slightly in August but remained near record lows despite weaker economic activity. The jobless rate climbed marginally to 6.3 percent in August from 6.2 percent in July, Eurostat said Thursday. The rate was forecast to remain unchanged at 6.2 percent.
RTTNews
|
6h 46min ago
European Shares Climb On Fed Rate Cut Hopes
European stocks hovered near record levels on Thursday, with healthcare and chip-related stocks leading the surge.
RTTNews
|
8h 21min ago
Asian Shares Climb Amid AI Optimism
Asian stocks advanced on Thursday as tech stocks surged amid continued hype over artificial intelligence.
RTTNews
|
8h 35min ago
Canadian Dollar Falls Amid BoC Rate Cut Speculation
The Canadian dollar weakened against other major currencies in the Asian session on Thursday, as the latest Canadian PMI survey supports speculations on a rate reduction by the Bank of Canada.
RTTNews
|
9h 0min ago
