Business News

BC posts $1.5B surplus

Jul 18, 2019 / 3:57 pm

The British Columbia government ended its fiscal year in an operating surplus of $1.5 billion with the collection of more revenue from taxation and less money...

$4.9B hit for Boeing

Jul 18, 2019 / 3:52 pm

Boeing says it will take a $4.9 billion charge to cover possible compensation to airlines whose Max jets remain grounded after two deadly accidents. Boeing said...

Big oil spill at Hibernia rig

Jul 18, 2019 / 1:00 pm

Oil production is temporarily shut down on the Hibernia oil platform off Newfoundland's east coast after about 12,000 litres spilled out of a storage...

EU fines Qualcomm

Jul 18, 2019 / 11:00 am

In yet another European Union move against a U.S. tech company, the bloc's antitrust chief on Thursday fined chipmaker Qualcomm $271 million, accusing it of...

Forestry slump not over yet

Jul 18, 2019 / 10:09 am

The current wave of sawmill closures and curtailments rippling through B.C. had been expected for at least a decade. But few expected that wave to hit so fast...

Gender gap persists

Jul 18, 2019 / 6:22 am

On Tricia Davis’s first day of work at a coal mine in B.C.’s Elk Valley, she says she spotted a heart and a penis scrawled on some dusty equipment....

Relax mortgage rules?

Jul 18, 2019 / 6:20 am

The Ontario Real Estate Association is calling for less stringent mortgage rules in a rebuttal aimed at the head of the Canada Mortgage and Housing Corp. OREA...

Netflix's 2Q a dud

Jul 18, 2019 / 6:18 am

Netflix's video streaming service suffered a dramatic slowdown in growth during its traditionally sluggish spring season, a drop-off coming as the company...

Be wary of FaceApp

Jul 17, 2019 / 12:40 pm

A social media flood of pictures of computer-aged celebrities, including Drake and Stephen Colbert, has boosted the popularity of the "FaceApp...

Gas producers 'in jeopardy'

Jul 17, 2019 / 10:03 am

The CEOs of nine Alberta natural gas producers have released an open letter to Premier Jason Kenney asking him to show "bold leadership" in supporting...

Rogers to open 5G lab

Jul 17, 2019 / 10:01 am

Rogers Communications Inc. says it will open a new innovation lab in Waterloo, Ont., in September to advance the commercialization of fifth-generation wireless...

Stocks, loonie down

Jul 17, 2019 / 8:54 am

Canada's main stock index edged lower in late-morning trading, weighed down by losses in the industrials sector and energy stocks. The S&P/TSX composite...

Annual inflation rate slows

Jul 17, 2019 / 6:31 am

Canada's price picture softened to two per cent last month following a sharp drop in gasoline prices compared to a year ago. The annual inflation number for...

US blasts WTO ruling

Jul 17, 2019 / 6:14 am

The Trump administration blasted a World Trade Organization decision Tuesday that could let China levy sanctions on the United States. The 2-1 decision by the...

Instagram down - again

Jul 16, 2019 / 4:10 pm

Instagram is crashing. Again. For the third time in a month, users across North America are experiencing difficulty with the social media app. Users are...

Fortis to send LNG to China

Jul 16, 2019 / 1:44 pm

FortisBC says it has signed its first term contract to send liquefied natural gas shipments to China from its facility near Vancouver. The utility company,...

Ryanair cutting flights

Jul 16, 2019 / 11:08 am

Europe's biggest airline, budget carrier Ryanair, will cut flights and close some of its bases beginning this winter because of the delay to deliveries of...

J&J profit jumps 42%

Jul 16, 2019 / 11:06 am

Johnson & Johnson posted slightly lower sales across much of its business in the second quarter, but a big one-time gain and lower spending on marketing and...

Canopy reports $1.8M loss

Jul 16, 2019 / 11:04 am

Canopy Rivers Inc., the venture capital arm of cannabis company Canopy Growth Corp., swung to a loss in its latest quarter as its operating expenses soared. The...

Best at she's the boss

Jul 16, 2019 / 10:56 am

Vancouver has been ranked among the top 50 best cities in the world for women entrepreneurs in 2019 by Dell Technologies. The study ranks 50 cities around the...