Business News

Cannabis rules still hazy

Nov 17, 2018 / 7:38 am

Despite strict rules limiting the promotion of now legal recreational pot now in effect, cannabis promotions continue to pop up amid loopholes and a lack of...

WestJet eyes on 737 crash

Nov 16, 2018 / 3:17 pm

WestJet Airlines says it has updated its training in response to revelations of a design issue in the Boeing 737 Max, the aircraft at the centre of a deadly...

VW plugs into electric

Nov 16, 2018 / 2:56 pm

Volkswagen intends to invest 44 billion euros ($50 billion) in the electric and autonomous car technologies expected to reshape the industry — and said it...

Sales up in September

Nov 16, 2018 / 7:59 am

Statistics Canada says manufacturing sales edged up 0.2 per cent in September to $58.5 billion, led by gains in the transportation equipment industry. The...

Beloved toy store back

Nov 16, 2018 / 6:19 am

Three years after it closed its beloved toy store on Fifth Avenue, FAO Schwarz is making a return to New York. A new FAO opens Friday in Manhattan's...

Luxury hotel in pit mine

Nov 16, 2018 / 5:37 am

A luxury hotel opening outside Shanghai is offering guests with deep pockets the chance of a very deep sleep. The 18-story Intercontinental Shanghai Wonderland...

BlackBerry expands

Nov 16, 2018 / 5:28 am

BlackBerry Ltd. has signed a deal to acquire U.S. artificial intelligence and cybersecurity company Cylance for US$1.4 billion in cash. The Ontario-based...

illicit pot, brisk business

Nov 16, 2018 / 5:25 am

The three surveillance cameras and the steady flow of people in and out of the small, nondescript grey building are the only hint of the brisk business this...

Unhappy with Happy Meals

Nov 15, 2018 / 4:00 pm

A class action lawsuit against McDonald's Canada arguing that Happy Meals and their accompanying toys illegally advertise to children can go ahead, a judge...

Climate change lawsuit

Nov 15, 2018 / 12:50 pm

A major Calgary-based energy company is facing its fourth lawsuit in U.S. courts over climate change. The Pacific Coast Federation of Fishermen's...

Oil energy intervention?

Nov 15, 2018 / 12:20 pm

Oilsands and refining giants Suncor Energy Inc. and Husky Energy Inc. are rejecting a call by rival Cenovus Energy Inc. for government-imposed production cuts...

Pot investors pivot

Nov 15, 2018 / 8:03 am

U.S. cannabis companies raised $1.5 billion on the Canadian Securities Exchange during the first 10 months of this year, surpassing their Canadian counterparts...

Banking lines blurring

Nov 15, 2018 / 7:07 am

Distinctions between credit unions and private banks are fading as online banking, changing regulations, and competition have changed the retail banking...

Canfor buys sawmill co.

Nov 15, 2018 / 5:25 am

Canfor Corp. has signed a deal to buy a 70 per cent stake in Swedish sawmill company Vida Group for about $580 million. Under the agreement, the current owners...

Mortgage risks fading

Nov 14, 2018 / 11:30 am

The Bank of Canada provided a closer look Wednesday at just how much stricter mortgage rules and higher interest rates have helped slow the entry of new...

EBay hurt by postal strike

Nov 14, 2018 / 9:51 am

EBay is calling on the federal government to legislate an end to the Canada Post contract dispute, warning that quick action is needed to ensure retailers...

Loblaw profits down

Nov 14, 2018 / 6:55 am

Loblaw Companies Ltd. reported its third-quarter profit fell compared with a year ago as it was hit by a one-time charge related to a tax court ruling that it...

Canopy Growth reports loss

Nov 14, 2018 / 5:40 am

Canopy Growth Corp. reported a loss of $330.6 million in its most recent quarter as it ramped up spending ahead of the legalization of recreational marijuana in...

Canada Goose profit up

Nov 14, 2018 / 5:25 am

Canada Goose Holdings Inc. beat expectations as it reported a second-quarter profit of $49.9 million and raised its outlook for growth for the year. The luxury...

West Fraser to cut output

Nov 13, 2018 / 6:05 pm

West Fraser Timber Co. Ltd. says it will permanently curtail about 300 million board feet of lumber production at two mills next year, affecting 135 employees....