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Business News Last 7 days

Dividends paid, pension not

Jan 17, 2018 / 10:11 am

The court appointed monitor for Sears Canada's insolvency says it is reviewing millions of dollars the company paid in dividends while its pension fund fell...

US economy healthy

Jan 17, 2018 / 7:47 am

The Federal Reserve says U.S. industrial production rose 0.9 per cent in December, pulled higher by a surge in utility output, another sign of health for the...

Industry can't kick the salt

Jan 17, 2018 / 6:56 am

Voluntary sodium targets for the food industry have failed to significantly reduce the amount of salt consumers are getting in processed foods, suggesting...

Axe the beer tax

Jan 16, 2018 / 10:33 am

A trade association for Canada's beer industry wants the federal government to stop its plan to annually increase a tax on the alcoholic drink. Beer Canada...

Aussies file wine complaint

Jan 16, 2018 / 10:32 am

Australia has filed a complaint about Canada's rules around wine sales with the World Trade Organization. The complaint filed Friday argues that...

Magna eyes big profits

Jan 16, 2018 / 10:11 am

Magna International Inc. says it expects to earn $2.3 billion to $2.5 billion this year. In its guidance for 2018, the auto parts company says it expects sales...

Uber, Lyft, unhappy in MB

Jan 16, 2018 / 7:48 am

Manitoba's Public Utilities Board has approved new insurance rates for ride-hailing company drivers that businesses such as Uber and Lyft have said will...

New CEO at local airline

Jan 16, 2018 / 7:30 am

The founder of Canada Jetlines is taking over as chief executive of Canadian discount carrier Flair Airlines Ltd. Jim Scott replaces Flair founder and former...

Huge cuts at Yellow Pages

Jan 16, 2018 / 6:54 am

Yellow Pages Ltd. announced a plan to cut roughly 500 jobs on Tuesday in an effort to reduce spending and improve its results. The company said the job losses...

Did banks manipulate rate?

Jan 15, 2018 / 7:03 pm

A class-action lawsuit filed in a U.S. court alleges six Canadian banks and three others conspired to increase the profitability of their derivatives trading...

Whistler newspaper to fold

Jan 15, 2018 / 3:32 pm

Vancouver-based Glacier Media says it is closing a weekly newspaper that has served Whistler since 1976. The Whistler Question, located in the ski resort region...

Pot boosts Toronto stocks

Jan 15, 2018 / 8:35 am

Canada's main stock index was up in late-morning trading amid gains in the health-care sector. The S&P/TSX composite index was up 42.97 points to...

Meaner is in for new trucks

Jan 15, 2018 / 7:26 am

The competition for full-size pickup truck customers in the U.S. is as rough-and-tumble as ever, with Ram and Chevrolet rolling out brawny-looking new models...

Accord named car of year

Jan 15, 2018 / 6:56 am

Automotive journalists crowned the Honda Accord the North American Car of the Year on Monday, a first for the longtime model that's twice flirted for the...

Year of the truck in Detroit

Jan 15, 2018 / 6:28 am

It's the year of the pickup truck at the 2018 North American International Auto Show in Detroit as General Motors, Fiat Chrysler and Ford unveil new trucks...

Big UK contractor on brink

Jan 15, 2018 / 6:24 am

One of Britain's biggest contractors collapsed Monday, putting thousands of jobs at risk, after creditors and the government refused to bail out a company...

Will Airbus abandon A380?

Jan 15, 2018 / 6:19 am

Airbus said Monday it will stop making the costly A380 superjumbo if it can't strike a long-term deal with the airline Emirates for a steady supply of the...

Ford brings back Ranger

Jan 14, 2018 / 6:46 am

Ford Motor Co. will re-enter the midsize pickup truck market next spring with the 2019 Ford Ranger. The automaker is set to unveil the new North American...

Pot wars on the Prairies

Jan 13, 2018 / 6:38 am

Saskatoon-based CanniMed Therapeutics Inc. has filed a lawsuit against Aurora Cannabis Inc., alleging what it calls "multiple claims of wrongdoing"...

McDonald's ad apology

Jan 12, 2018 / 1:22 pm

McDonald's has apologized and pulled a national radio ad that encouraged people to buy its fast food offerings rather than visit a museum after facing...

VW to pay $290 million

Jan 12, 2018 / 1:21 pm

Volkswagen has reached a $290.5-million deal to settle claims in Canada covering 20,000 3.0-litre Volkswagen, Audi and Porsche diesel vehicles that were caught...

Facebook edits out news

Jan 12, 2018 / 1:15 pm

Facebook is changing what its users will see to highlight posts they are most likely to engage with and make time spent on social media more...

Mortgage rates jump

Jan 12, 2018 / 12:51 pm

Two of Canada's largest banks increased their fixed-rate mortgage rates amid rising yields on the bond market and a strengthening economy. The Royal Bank of...

Robot strippers are here

Jan 12, 2018 / 12:46 pm

Robot strippers are offering a window into technology's gender fault lines in Las Vegas. From a distance, the mechanical humanoids on a strip-club stage...

Some Timmies prices rising

Jan 12, 2018 / 8:11 am

The parent company of Tim Hortons says restaurants in select markets have increased prices on certain breakfast items. Restaurant Brands International (TSX:RBI)...

Inflation dips in December

Jan 12, 2018 / 7:25 am

Consumer inflation slowed in December to a tiny 0.1 per cent gain as energy costs retreated from a big jump in November. The December increase in consumer...

$15M for new hydro bills

Jan 11, 2018 / 3:57 pm

Ontario's largest and recently privatized electricity utility has spent $9 million to redesign bills and is proposing to spend an additional $6 million on...

NAFTA: what if US quits?

Jan 11, 2018 / 12:14 pm

As NAFTA talks enter their most sensitive phase, a fever of speculation has broken out about whether Donald Trump might soon announce his intention to withdraw...

Canada's tough guy move

Jan 11, 2018 / 12:07 pm

The Trudeau government appears to have adopted a good-cop, bad-cop strategy for saving NAFTA — coming up with some "creative" new proposals in...

Postmedia profit slides

Jan 11, 2018 / 10:40 am

Postmedia Network Canada Corp. reported a profit of $5.8 million in its latest quarter as it said revenue fell 10.3 per cent compared with a year earlier. The...

Wineries worry, shiver

Jan 11, 2018 / 10:38 am

Ontario's wine makers and grape growers are nervously watching the weather, fearing that this year's harvest could be literally nipped in the bud by an...

Buy car new or used?

Jan 11, 2018 / 10:29 am

Sales of new vehicles may have hit a record high, surpassing the two-million mark for the first time last year, but the majority of consumers are still...

CES left in the dark

Jan 11, 2018 / 7:00 am

What happens to all those internet-connected refrigerators, robots and other devices when the power goes out? Thousands of people attending the world's...

Walmart raises starting wage

Jan 11, 2018 / 6:57 am

Walmart, the world's largest private employer, is boosting its starting salary for U.S. workers to $11 an hour, giving a one-time cash bonus of up to $1,000...

Shaw reports $114M profit

Jan 11, 2018 / 6:31 am

Shaw Communications Inc. reported a first-quarter profit of $114 million as it ramped up its Freedom Mobile wireless business. The company says the profit...

German economy on a roll

Jan 11, 2018 / 6:27 am

The German economy accelerated last year to grow by 2.2 per cent, putting in its strongest performance for six years, thanks primarily to increasing demand at...

E. coli outbreak over

Jan 10, 2018 / 3:03 pm

The Public Health Agency of Canada says a deadly E. coli outbreak linked to romaine lettuce appears to be over. The agency says as of Wednesday there have been...

Police blitz on 7-Eleven

Jan 10, 2018 / 12:37 pm

Immigration agents descended on dozens of 7-Eleven convenience stores before dawn Wednesday to begin checking on employees' immigration status in what...

China to buy 184 Airbus jets

Jan 10, 2018 / 12:00 pm

China plans to buy 184 Airbus A320 jetliners, French President Emmanuel Macron said Wednesday, in a diplomatic tradition aimed at defusing trade complaints....

Diet Coke sales falling

Jan 10, 2018 / 12:00 pm

Diet Coke is getting a makeover to try to invigorate the sugar-free soda's slumping sales and the changes will show up in Canada in February. Coca-Cola Co....

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