Business News

Jamie Oliver chain collapses

May 21, 2019 / 7:46 am

Celebrity chef Jamie Oliver's British restaurant chain filed for bankruptcy protection on Tuesday, partly due to increased competition and escalating rents...

Wildfires shut down mill

May 21, 2019 / 7:42 am

Norbord Inc. says it has temporarily suspended production as an oriented strand board mill in northern Alberta due to wildfires in the region. The company says...

$58.5M boost for tourism

May 21, 2019 / 7:36 am

Tourism Minister Melanie Joly says a federal new tourism strategy can boost international visits to Canada during non-peak seasons by more than a million...

Fairfax exec's sudden death

May 21, 2019 / 7:34 am

Fairfax Financial Holdings Ltd. says chief financial David Bonham died suddenly during the weekend. Fairfax chief executive Prem Watsa says the entire Fairfax...

Immigration fuels tech

May 21, 2019 / 7:16 am

Prime Minister Justin Trudeau told hundreds of attendees at a conference in Toronto on Monday that Canada's thriving technology sector is a result of the...

Google to drop Huawei

May 21, 2019 / 6:40 am

Huawei could quickly lose its grip on the No. 2 ranking in worldwide cellphone sales after Google announced it would comply with U.S. government restrictions...

Ford cutting 7,000 jobs

May 20, 2019 / 8:01 am

Ford is cutting about 7,000 white-collar jobs, which would make up 10% of its global workforce. The company has said it was undertaking a major restructuring,...

Look ahead in business

May 20, 2019 / 7:29 am

Five things to watch for in the Canadian business world in the coming week: CIBC earnings CIBC will releases its results for the quarter ended April 30 on...

'John Wick 3' tops box

May 19, 2019 / 12:08 pm

The box office has a new king and his name is John Wick. The third installment of the hyper violent Keanu Reeves franchise has taken the top spot at the North...

Air Canada's bid for Transat

May 17, 2019 / 2:30 pm

Consumers will likely see little change in their travel choices or ticket prices if Air Canada buys Transat AT Inc., industry observers said Friday. They added...

Trump delays auto tariffs

May 17, 2019 / 6:47 am

U.S. President Donald Trump on Friday delayed any decision to impose tariffs on car and auto-part imports, deciding against ratcheting up trade disputes or...

SNC cancels sale

May 17, 2019 / 6:46 am

SNC-Lavalin Group Inc. has cancelled the sale of part of its stake in 407 International Inc. to the OMERS pension plan but will sell the stake to one or both of...

CAE profit, revenue up

May 17, 2019 / 6:39 am

Flight training company CAE Inc. topped expectations as it reported higher fourth-quarter profit and revenue compared with a year ago. The Montreal-based...

Autopilot in Tesla crash

May 16, 2019 / 1:42 pm

A Tesla Model 3 involved in a fatal crash with a semitrailer in Florida March 1 was operating on the company's semi-autonomous Autopilot system, federal...

Manufacturing sales up

May 16, 2019 / 6:56 am

Statistics Canada says manufacturing sales increased 2.1 per cent to $58.0 billion in March, boosted by the transportation equipment, petroleum and coal...

Air Canada swooping in

May 16, 2019 / 5:47 am

Transat AT Inc. is in exclusive talks with Air Canada, which is offering roughly $488 million to buy the travel company. The Montreal-based company says it has...

Chambers host Tourism Min.

May 15, 2019 / 4:36 pm

North Okanagan tourism operators will have an opportunity to discuss the future of the industry with federal Tourism Minister Mélanie Joly. On May 23,...

Summer jobs, girls paid less

May 15, 2019 / 11:38 am

Canadian girls and boys are about equally as likely to have summer jobs – but young females on average earn roughly 30 per cent less than their male...

Tims parent looks to double

May 15, 2019 / 11:12 am

The parent company of Tim Hortons plans to grow its three fast-food chains to more than 40,000 locations around the world over the next eight to 10 years....

CPP investments up 8.9%

May 15, 2019 / 10:48 am

Canada Pension Plan Investment Board recovered from a weak quarter in late 2018 to produce a solid 8.9 per cent net return for its most recent financial year....