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Business News Last 7 days

Alberta: worst is over

Dec 7, 2016 / 10:28 pm

Alberta Finance Minister Joe Ceci met with key economists Wednesday to look ahead to 2017, with the consensus being the worst is over for the provincial...

Key rate stays at 0.5%

Dec 7, 2016 / 11:55 am

The Bank of Canada is holding its benchmark interest rate at 0.5 per cent as it sees the stronger world economy continuing to face "undiminished"...

$655M pipeline to proceed

Dec 7, 2016 / 10:51 am

TransCanada Corp. says it's moving ahead with a $655-million expansion of its Nova Gas Transmission Ltd. system in northwestern Alberta. The company...

Takeover vote delayed

Dec 7, 2016 / 10:35 am

PrivateBancorp Inc. has delayed a shareholder vote on a proposed takeover of the company by Canadian Imperial Bank of Commerce (TSX:CM) that was set for...

Dollarama reports sales up

Dec 7, 2016 / 10:28 am

Dollarama Inc. (TSX:DOL) saw its third-quarter profit grow to nearly $110.1 million compared with nearly $100.1 million in the same quarter a year ago. The...

Sued over Hydro One sale

Dec 7, 2016 / 8:24 am

The Canadian Union of Public Employees says its lawsuit against the Ontario premier and two cabinet ministers over the sale of Hydro One is finally headed to...

Delinquency rate on rise

Dec 7, 2016 / 6:51 am

A new Equifax Canada report says low interest rates and falling oil prices drove up consumer debt and delinquency rates in the third quarter. The credit...

Mine hiding mercury levels?

Dec 6, 2016 / 3:57 pm

An environmental group is accusing a diamond mining company of failing to report mercury levels at a mine in Northern Ontario, a claim the company has swiftly...

Alaska to buy Virgin air

Dec 6, 2016 / 2:13 pm

Alaska Airlines has won government approval to buy rival Virgin America after agreeing to reduce its flight-selling partnership with American Airlines. Parent...

Do as I say, not as I do

Dec 6, 2016 / 11:03 am

Parents spend more than nine hours a day with TVs, computers and other screen devices while also giving themselves high marks as role models for their...

Transcontinental to cut costs

Dec 6, 2016 / 10:23 am

Transcontinental says it will continue to cut costs and accelerate its shift to digital publications next year to offset declining advertising and newspaper...

Air Force 1 plan grounded?

Dec 6, 2016 / 9:27 am

The government should cancel its multibillion-dollar order for new Air Force One presidential planes, Donald Trump declared Tuesday, serving notice he's...

Markets unchanged

Dec 6, 2016 / 8:40 am

North American stock markets were little changed in late morning trading as the price of oil took a step back. The S&P/TSX composite index gained 4.90...

BMO profits surge

Dec 6, 2016 / 6:13 am

Bank of Montreal raised its dividend Tuesday as it reported a fourth-quarter profit of $1.35 billion, up a 11 per cent from a year ago. The bank increased its...

Free speech vs. copyright

Dec 6, 2016 / 6:01 am

A legal fight between Internet giant Google and a British Columbia technology company unfolds today in the Supreme Court of Canada, where they will duel over...

Samsung heir grilled

Dec 6, 2016 / 5:59 am

It was a rare moment of public reckoning for South Korea's most powerful business leaders and possibly the worst day for Samsung's billionaire heir,...

Notley's tough sell

Dec 5, 2016 / 9:15 pm

Some observers say Alberta's premier will have a difficult job trying to convince British Columbians to support the Trans Mountain pipeline project between...

Suncor avoids $1.3B tax bill

Dec 5, 2016 / 5:31 pm

Suncor Energy says it has successfully defended its accounting practices and avoided a $1.3-billion tax bill sought by the Canada Revenue Agency. The...

Refinery news welcomed

Dec 5, 2016 / 5:28 pm

Dominion Energy Processing Group has announced plans to build a 40,000 barrel a day refinery complex in southeast Saskatchewan. The company, a subsidiary of...

Shopping, checkout free

Dec 5, 2016 / 11:51 am

Amazon is testing a grocery store model in Seattle that works without checkout lines. Called Amazon Go, shoppers scan their Amazon app when they enter the...

Work sucks for young

Dec 5, 2016 / 11:41 am

A new study from Statistics Canada says young people have seen their job quality decline over the last four decades, even as the unemployment rate has remained...

Bombardier wins Paris deal

Dec 5, 2016 / 11:14 am

Bombardier Transportation (TSX:BBD.B) says it has won a US$370-million contract from French national railway SNCF to supply 52 more commuter trains for the...

Dow hits another record

Dec 5, 2016 / 11:12 am

U.S. stocks are resuming their climb Monday, led by gains in energy companies and banks, sending the Dow Jones industrial average to another record high....

Second Cup signs $8M loan

Dec 5, 2016 / 11:01 am

The Second Cup Ltd. (TSX:SCU) has signed a deal for a four-year, $8-million secured term loan from an affiliate of Serruya Private Equity following a review of...

Energy East 'still needed'

Dec 5, 2016 / 6:45 am

New Brunswick's premier says there's still a strong need for the proposed Energy East pipeline despite the federal government's approval of two...

Softwood duties would sting

Dec 5, 2016 / 5:50 am

The imposition of import tariffs on Canadian softwood lumber will place a heavy burden on consumers and U.S. workers, a leading American voice for free trade...

What to watch for in biz

Dec 4, 2016 / 7:55 am

Five things to watch this week in Canadian business: Pipe Dreams: There are expectations that a pipeline charm offensive in British Columbia could heat up this...

Massive seat belt recall

Dec 2, 2016 / 6:47 am

Ford is recalling more than 680,000 midsize sedans mainly in North America because the front seat belts may not hold people in a crash. The recall covers...

More part-time jobs

Dec 2, 2016 / 6:41 am

The Canadian labour market unexpectedly added 10,700 net jobs last month and the unemployment rate slid to 6.8 per cent — but the latest numbers raise...

Toronto housing soars

Dec 2, 2016 / 6:12 am

The Toronto-area real estate market continued to see strong sales volumes and higher prices in November. The Toronto Real Estate Board says there were 8,547...

Higher rates could help

Dec 2, 2016 / 6:04 am

Former Bank of Canada governor David Dodge says the world economy might be better off if policy-makers bumped interest rates a little bit higher. In prepared...

Dow soars to new high

Dec 1, 2016 / 4:25 pm

Technology companies plunged Thursday, and high-dividend stocks also took hefty losses as bond yields rose to their highest level in more than a year. But more...

Self to end print edition

Dec 1, 2016 / 3:21 pm

Women's health magazine Self is ending its print edition after nearly four decades to focus on its website and video that's shared on social-media...

OPEC drives crude up

Dec 1, 2016 / 3:15 pm

Oil prices rose three per cent Thursday to top just above US$51 a barrel as investors continued to cheer on a brighter outlook for crude after OPEC members...

That's way cookie crumbles

Dec 1, 2016 / 10:50 am

The Mondelez cookie and cracker factory in Montreal will close by the end of 2017, resulting in the disappearance of 454 jobs. The job losses will take place on...

Phelps dives into tech

Dec 1, 2016 / 6:22 am

Michael Phelps wants to dive into Silicon Valley's investment opportunities as he tries to make the transition from Olympic swimming star and product...

CIBC profit up 20%

Dec 1, 2016 / 6:19 am

CIBC is reporting $931-million of net income in its fourth quarter, up 20 per cent from $778 million in the same time last year. The Toronto-based bank is also...

TD Bank profits soar

Dec 1, 2016 / 6:13 am

TD Bank is reporting fourth-quarter $2.30 billion of net income, up 25 per cent from a year ago when it had $1.84 billion in profits. The earnings amounted to...

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