Business News

Oxy maker bankrupt filing

Sep 15, 2019 / 10:05 pm

Purdue Pharma, the company that made billions selling the prescription painkiller OxyContin, filed for bankruptcy in White Plains, New York, days after reaching...

Grammarly sets foot in Van

Sep 15, 2019 / 4:06 pm

American tech firm Grammarly Inc. is looking to put its prints on downtown Vancouver. The company announced Sept. 12 the city would be home to its fourth global...

GM staff to strike: UAW

Sep 15, 2019 / 8:27 am

The United Auto Workers union announced that its roughly 49,000 members at General Motors plants in the U.S. will go on strike Sunday night because contract...

Enbridge seeks new pipeline

Sep 13, 2019 / 4:26 pm

Enbridge has started the regulatory process for a new natural gas liquids extraction plant and associated pipeline in Northeast B.C. with a projected capital...

Crown corporation loses big

Sep 13, 2019 / 12:42 pm

Ontario Cannabis Retail Corp. lost $42 million in the latest fiscal year, according to newly released public documents. The provincial Crown corporation tasked...

Household debt dips slightly

Sep 13, 2019 / 10:11 am

Household income grew slightly faster than debt in the second quarter as the amount Canadians owe relative to their income edged down for the third quarter in a...

Push for easy mortgage rules

Sep 12, 2019 / 4:30 pm

Real estate associations representing nearly three-quarters of the realtors in Canada have called for federal parties to commit to ease mortgage rules as the...

Whistleblowers stay secret

Sep 12, 2019 / 2:26 pm

The Supreme Court of Canada will not hear an appeal of a lower court decision that kept the identities of a pair of key witnesses in the Competition...

TSX hits record high

Sep 12, 2019 / 11:44 am

Canada's main stock index hit a record high Thursday thanks to broad-based gains including the heavyweight financial sector. The S&P/TSX composite index...

Royal charity clothes line

Sep 12, 2019 / 10:05 am

Meghan, the Duchess of Sussex, has launched a clothing line for a British charity that helps unemployed women find work. The wife of Prince Harry attended a...

Dollarama sales up

Sep 12, 2019 / 9:55 am

Dollarama Inc. reported a profit of $143.2 million in its latest quarter as its sales grew 9.0 per cent compared with a year ago. The discount retailer says its...

Bay reports $984M loss

Sep 12, 2019 / 6:46 am

Hudson's Bay Co. reported a loss of $984 million in its latest quarter compared with a loss of $280 million in the same quarter last year. The retailer says...

Potash mines face shutdown

Sep 12, 2019 / 6:31 am

Up to 700 workers are to be temporarily laid off this fall at three Nutrien Ltd. potash mines in Saskatchewan. Nutrien says it expects to proactively take up to...

$100M price-fixing fine

Sep 12, 2019 / 6:25 am

A federal judge in San Francisco on Wednesday ordered StarKist Co. to pay a $100 million fine in a canned tuna price-fixing conspiracy involving the...

Aurora misses guidance

Sep 12, 2019 / 6:19 am

Aurora Cannabis Inc. missed its own early guidance as it lost $2.2 million in the fourth quarter on $98.9 million in net revenues. Revenues increased from $19.1...

Bridge bidder pulls out

Sep 11, 2019 / 3:00 pm

The B.C. government has revised the list of pre-qualified bidding teams that have been invited to participate in the request-for-proposals to design, build and...

Oil tycoon T. Boone passes

Sep 11, 2019 / 12:43 pm

T. Boone Pickens, a brash and quotable oil tycoon who grew even wealthier through corporate takeover attempts, died Wednesday. He was 91. Pickens was surrounded...

Global demand for oil slows

Sep 11, 2019 / 10:30 am

The Organization of Petroleum Exporting Countries says global demand for crude oil appears to be weakening in many parts of the world, including Europe, China...

Roots reports $9.7M loss

Sep 11, 2019 / 6:36 am

Roots Corp. lost nearly $9.7 million in its latest quarter, the clothing retailer said Wednesday as it missed expectations and said it will fall short of its...

Apple takes on Netflix

Sep 11, 2019 / 6:16 am

Apple is finally taking on Netflix with its own streaming television service and, uncharacteristically for the company, offering it at a bargain price —...