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Business  

US auto sales hit record

Jul 1, 2016 / 2:32 pm
U.S. auto sales may be slowing, but they still set a record in the first six months of this year. Sales through June were up 1.5 per cent to 8.65 million, eclipsing last year's record of 8.5 million, according to Autodata Corp. That was partly due to a strong June, which saw sales rebound...

Trump workers go on strike

Jul 1, 2016 / 7:42 am
Striking union members chanted, banged drums and blew whistles as part of a raucous picket line outside the Trump Taj Mahal casino Friday amid a contract dispute with owner and billionaire investor Carl Icahn at the start of the busiest weekend of the year for the casino industry. Local 54 of...

Flight attendants reject deal

Jul 1, 2016 / 6:28 am
The union representing 1,750 Air Transat flight attendants says workers have voted 93 per cent against a tentative agreement reached in early June, setting the stage for potential labour disruptions. The Air Transat Component of the Canadian Union of Public Employees is calling for an immediate...

Microbeads officially toxic

Jun 30, 2016 / 2:54 pm
The federal government has officially listed microbeads as a toxic substance, giving it the ability to ban the plastic particles commonly used bath and shower products. An online notice published Wednesday said the tiny beads found in facial and body scrubs are now listed as a toxic substance...

More Brits seek jobs here

Jun 30, 2016 / 2:47 pm
A job search website says many United Kingdom residents have started looking for jobs abroad in the wake of the Brexit vote and Canada is high on their destination wishlist. Indeed.com says the number of U.K. queries for jobs in Canada was over four times the average in the 48 hours following...

Benefit cheques still coming

Jun 30, 2016 / 2:43 pm
Those depending on Old Age Security and Canada Pension Plan cheques can still expect to see them in the mail, even if a Canada Post strike or lockout happens this weekend. The Canada Revenue Agency says the OAS and CPP cheques, along with those for the Working Income Tax Benefit and the Canada...

Alberta defends wage plan

Jun 30, 2016 / 2:39 pm
Alberta's labour minister is dismissing concerns from "well-funded lobby groups" about significant job losses and going ahead with the province's plan to increase the minimum wage to $15 an hour. The boost was a major plank in the NDP's election platform during last...
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Hershey rejects 'kiss'

Jun 30, 2016 / 2:25 pm
Hershey says its board has unanimously rejected a takeover offer from Oreo maker Mondelez and that the offer provided "no basis for further discussion." The chocolate maker confirmed that it received the preliminary offer from Mondelez International to be taken over for a mix of cash...

Pipelines: going with flow

Jun 30, 2016 / 1:54 pm
The Federal Court of Appeal has overturned Ottawa's approval of the Northern Gateway project, concluding that Canada fell short in its duty to consult with aboriginals. Here's an update on the status of major pipeline proposals in Canada: Northern Gateway: Enbridge's...

Resisting change on board

Jun 30, 2016 / 12:01 pm
Shareholders in some of Canada's biggest companies have shown some resolve to increase female representation at the board level, yet efforts in recent months to boost the number of women have been rejected time and again. Proposals to diversify the makeup of boards at Bell and the parent...

Sniffing out pipeline leaks

Jun 30, 2016 / 10:04 am
Duke has the scent. The white-gold lab lopes through a field, pulling his owner, Ron Mistafa, behind him. It takes about a minute for the pooch to circle through the tall grass and hone in on the spot where Mistafa has buried a small jar of crude oil. "Atta boy!" Mistafa says to...

New rules for egg industry

Jun 30, 2016 / 10:00 am
The Canadian Federation of Humane Societies says proposed new rules for farms could speed up a ban on the use of small, cramped cages for egg-laying hens. Last February, the group Egg Farmers of Canada announced the use of these cages would be phased out by 2036. The federation says a new...

Brits look for jobs in Canada

Jun 30, 2016 / 9:56 am
A job search website says many United Kingdom residents have started looking for jobs abroad in the wake of the Brexit vote and Canada is high on their destination wishlist. Indeed.com says the number of U.K. queries for jobs in Canada was over four times the average in the 48 hours following...

Scrimpy summer on travel

Jun 30, 2016 / 7:02 am
A new survey says Canadians plan to keep a close watch on their wallets when it comes to discretionary spending this summer. The poll from CIBC quoted respondents as saying they planned to cut spending to an average of $1,346 on things like summer travel, dining and recreational activities, as...

Microbeads labelled 'toxic'

Jun 30, 2016 / 7:01 am
The federal government has officially listed microbeads as a toxic substance, giving it the ability to ban the plastic beads used in cleansers. An online notice published Wednesday says the tiny plastic beads commonly found in facial and body scrubs is now listed as a toxic substance under the...

Economy edges up

Jun 30, 2016 / 6:59 am
Statistics Canada says the economy grew 0.1 per cent in April after shrinking in February and March. The result matches economist expectations, according to Thomson Reuters. Gains in manufacturing, utilities and the public sector helped drive the growth in real gross domestic product, offset...

Lionsgate to buy Starz

Jun 30, 2016 / 6:57 am
There's a US$4.4-billion entertainment deal in the works, as Lionsgate seeks to buy Starz through a friendly deal. Lionsgate is a California-based company with a diverse business that includes motion picture production, TV programming and syndication and international...

Netflix expands Asian shows

Jun 30, 2016 / 6:55 am
Netflix plans to expand its Asian offerings to subscribers around the world by tapping more creators in the region, including "Snowpiercer" director Bong Joon-ho, its chief said Thursday. CEO Reed Hastings said the U.S. streaming service company is looking at many projects throughout...

Alberta deficit hits $6.4B

Jun 29, 2016 / 4:54 pm
The Alberta government says depressed oil prices and a shrinking economy pushed its deficit up to $6.4 billion last year — $324 million higher than expected. Revenues for the fiscal year that ended March 31 were down more than anticipated due mainly to lower oil revenue and a reduced take...

Protection for big rebuild

Jun 29, 2016 / 4:52 pm
The resumes of companies that want to rebuild homes destroyed or damaged by the Fort McMurray wildfires will be posted online by the Alberta government in a move to help residents avoid hiring "unscrupulous" builders. Municipal Affairs Minister Danielle Larivee said Wednesday that...

CRTC rejects Bell appeal

Jun 29, 2016 / 4:45 pm
The CRTC has rejected Bell's effort to overturn a rule requiring big Internet service providers to sell space on their high-speed infrastructure to smaller rivals at a reduced cost. Bell appealed the CRTC's decision last year, arguing that the regulator should modify its policy in part...

CIBC inks pricey deal

Jun 29, 2016 / 11:31 am
After signalling for years that it was looking to increase its presence south of the border, CIBC announced Wednesday that it has entered into a deal to buy Chicago-based PrivateBancorp for C$4.9 billion. Several analysts called the deal — which amounts to about US$3.8 billion —...

Businesses warn customers

Jun 29, 2016 / 11:27 am
Businesses are warning their customers about the possibility of a strike or lockout at Canada Post that could happen as early as this weekend. A number of companies including TD Bank (TSX:TD), Virgin Mobile and American Express have told their customers not to expect statements in the mail in...

CSeries takes flight

Jun 29, 2016 / 10:01 am
After years of delay and big cost overruns, Bombardier's CSeries program is finally getting off the ground with the delivery of its first aircraft to Swiss International Air Lines. The CS100 plane will officially be handed over to the European carrier at a ceremony later today at...

Passwords often weak point

Jun 29, 2016 / 9:58 am
This month, the University of Calgary paid $20,000 to regain access to its email system after a so-called ransomware cyber-attack. A year ago, Ashley Madison, a website that facilitates extra-marital affairs, lost customers' personal information to hackers, who have also recently accessed...

Insurance for Uber drivers

Jun 29, 2016 / 9:52 am
Uber Canada says Alberta's new insurance policy for ride-hailing companies is a key step toward it resuming service in the province. Intact Financial Corp. (TSX:IFC) says it will begin offering coverage for Uber drivers in Alberta on Friday. Uber says it has not set a date for a possible...

Alaska to end oil cheques?

Jun 29, 2016 / 6:46 am
As Alaska faces a multibillion dollar budget deficit, the oil fund wealth cheques distributed yearly to nearly every Alaskan could be on the chopping block. It could mean the first time in more than 30 years that most Alaskans won't get a cheque from the government just for living in the...

A future without Britain

Jun 29, 2016 / 6:25 am
EU leaders met Wednesday without Britain for the first time to rethink their shaken union, make it more relevant to citizens and keep it from disintegrating after Britain's unprecedented vote to leave — but conflicting visions of Europe's future are complicating the high-stakes...

Toyota recall over air bags

Jun 29, 2016 / 6:23 am
Toyota is recalling 1.43 million vehicles globally for defective air bags, although it is not part of the massive recalls of Takata air bags, the Japanese automaker said Wednesday. Toyota Motor Corp. said it does not know of any fatalities or injuries related to the latest recalls. Being...

Trump takes NAFTA shot

Jun 28, 2016 / 4:32 pm
Donald Trump has delivered his most explicit threat to smash the North American Free Trade Agreement just as the continent's three leaders gather to discuss building new ties. If elected president, the presumptive Republican nominee said Tuesday he would inform Mexico and Canada of his...

Hefty fines sought for flips

Jun 28, 2016 / 4:23 pm
A panel struck to restore faith in British Columbia's besieged real estate industry is calling for hefty fines of up to $500,000 for misconduct and measures to end aggressive sales tactics. The advisory group was launched by the Real Estate Council of B.C. in February amid allegations that...

Markets bounce back

Jun 28, 2016 / 4:12 pm
Investors injected some life back into North American markets on Tuesday, as the indexes in Toronto and New York clawed back some of the massive losses that followed last week's British vote to leave the European Union. The Toronto Stock Exchange's S&P/TSX composite index added...

BuzzFeed closes in Ottawa

Jun 28, 2016 / 3:39 pm
BuzzFeed says it is closing its Ottawa bureau, which employs two staff, and wrapping up its Canadian political coverage. The company provided a memo sent to staff earlier Tuesday from Scott Lamb, vice-president of international editorial, that said politics editor Paul McLeod will move to...

Dow to cut 2,500 jobs

Jun 28, 2016 / 3:25 pm
Dow Chemical says it will eliminate about 2,500 jobs worldwide, or about 4 per cent of its workforce, which is tied to the recent restructuring of its ownership in Dow Corning. Dow Chemical announced earlier this month that it was now the sole owner of Dow Corning's silicones unit, which had...

Road to deeper co-operation

Jun 28, 2016 / 2:41 pm
Canada and Mexico moved Tuesday to rid themselves of long-standing trade and travel irritants, touting their relationship as a model against the growing strains of protectionism and isolation in the U.S. and Britain. Prime Minister Justin Trudeau said Canada would lift its controversial visa...

Rising debt unsustainable

Jun 28, 2016 / 2:37 pm
The federal budget watchdog is sounding the alarm about the growing level of net debt being accumulated by Canada's provinces, territories and local governments. The parliamentary budget office said Tuesday that the combined net debt of Canada's so-called subnational governments —...

Ikea recalls deadly drawers

Jun 28, 2016 / 11:16 am
Ikea has issued a Canadian recall notice for millions of chests of drawers that can tip over — a safety hazard that has been linked to the deaths of six children in the United States over several years as well as dozens of injuries. The Swedish furniture multinational says it will repair...

Black backtracks on tax

Jun 28, 2016 / 10:12 am
The Federal Court says former media baron Conrad Black has withdrawn his request for an emergency hearing related to tax liens that have been placed on his Toronto home. The Federal Court said Black made the withdrawal late Monday. No reasons were given. Black originally asked for the...

Oil output forecast to climb

Jun 28, 2016 / 6:51 am
A U.S. research organization says Canada's oilsands companies will gradually switch from new projects to expansion of existing operations as production grows over the next nine years to 3.4 million barrels a day from 2.4 million at present. Kevin Birn, director for IHS Energy, said Monday...

China's first airliner

Jun 28, 2016 / 6:27 am
The first regional jet produced in China's initiative to compete in the commercial aircraft market made its debut flight Tuesday carrying 70 passengers. The ARJ21-700 jet is one of a series of initiatives launched by the ruling Communist Party to transform China from the world's low-cost...
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