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Business News Last 7 days

Power goes underground

Jan 20, 2017 / 10:29 am

BC Hydro says it is looking underground as it considers future electricity demand in downtown Vancouver. The utility says in a news release that it will upgrade...

Inflation rises to 1.5%

Jan 20, 2017 / 7:12 am

Canada's annual pace of inflation ticked higher in December, but the rate was weaker than expected as lower food prices helped offset increases in the...

Surge in US property interest

Jan 20, 2017 / 6:42 am

A new report from Royal LePage suggests many Americans who oppose incoming president Donald Trump continue showing a desire to purchase property in Canada. In a...

Tims, BK to launch app

Jan 20, 2017 / 6:35 am

The parent company of Tim Hortons and Burger King plans to launch an app Canada-wide this spring that would allow customers to order and pay in advance on their...

Samsung to explain fires

Jan 19, 2017 / 11:12 pm

Samsung Electronics said Friday it will announce on Jan. 23 the reason why its Galaxy Note 7 smartphones overheated and caught fire. The announcement will be...

Stockpiling "dead money"

Jan 19, 2017 / 10:39 am

Financial planner Jason Heath's mind boggles when he thinks about the high percentage of Canadians stockpiling what he calls "dead money" into...

No recall for Tesla

Jan 19, 2017 / 9:50 am

U.S. safety regulators will end an investigation into a fatal crash involving electric car maker Tesla Motors' Autopilot system without seeking a recall, a...

Vegemite goes home

Jan 19, 2017 / 6:37 am

Vegemite, the salty, brown spread beloved in Australia, is going home, purchased by an Australian dairy company from the maker of Oreos. Mondelez International...

Netflix DVDs in doubt

Jan 19, 2017 / 6:19 am

Originally cast in a starring role, Netflix's original DVD-by-mail service has been reduced to a bit player — one that may eventually get killed off...

CPR head leaving now

Jan 18, 2017 / 4:51 pm

Hunter Harrison has struck a surprise deal to step down as CEO of Canadian Pacific Railway Ltd. five months ahead of schedule, apparently so he can take a job...

Driverless moral dilemma

Jan 18, 2017 / 4:38 pm

Imagine you're behind the wheel when your brakes fail. As you speed toward a crowded crosswalk, you're confronted with an impossible choice: veer right...

Target cuts sales outlook

Jan 18, 2017 / 11:53 am

Target cut its fourth-quarter profit and sales outlook after sluggish holiday traffic in its stores and weak sales in key areas like electronics and food offset...

Cameco shares fall

Jan 18, 2017 / 11:48 am

Shares of Canada's largest uranium miner fell more than 10 per cent in late morning trading following a warning that analyst estimates are too high and it...

GM slapped with $1M fine

Jan 18, 2017 / 10:34 am

General Motors will pay the federal government a $1 million civil penalty for violating accounting rules involving the company's deadly ignition switch...

Breakfast pizza at 7-Eleven

Jan 18, 2017 / 6:16 am

Convenience store chain 7-Eleven is offering a breakfast pizza. The convenience store chain says that it combines the convenience of eating leftover pizza for...

Cutting airport emissions

Jan 18, 2017 / 6:04 am

Air Transat is planning to test and deploy a new system next year that would allow an aircraft to taxi from the runway to the gate without having to use a...

Lowe's laying off 2,400

Jan 17, 2017 / 9:37 pm

North Carolina-based home improvement retailer Lowe's says it's told approximately 2,400 full-time workers that they will be laid off. A statement from...

Rolls Royce bribery scandal

Jan 17, 2017 / 9:32 pm

Jet engine maker Rolls Royce has agreed to pay 671 million pounds ($808 million) to settle bribery and corruption charges brought by authorities in Britain, the...

Cameco laying off 120

Jan 17, 2017 / 9:29 pm

Saskatoon-based Cameco Corp. says it expects to lay off 120 employees as part of its plans to further reduce costs and improve efficiency at its struggling...

McDonald's not nut-free

Jan 17, 2017 / 1:08 pm

McDonald's Canada has started serving its first food containing peanuts or tree nuts not in an individual, sealed package, a move critics say reverses its...

GM plans big US invesment

Jan 17, 2017 / 11:53 am

General Motors plans to invest $1 billion in U.S. factories and add thousands of new white-collar jobs, measures that have been in the works for years but were...

Trump comments, loonie up

Jan 17, 2017 / 10:06 am

The loonie was up more than half a U.S. cent in late morning trading following a Wall Street Journal report that says President-elect Donald Trump thinks the...

Purolator threatens strike

Jan 17, 2017 / 8:27 am

Purolator employees have overwhelmingly voted in favour of strike action. The company has offices in Kelowna, Vernon and Penticton. The Teamsters Canada...

CMHC to hike premiums

Jan 17, 2017 / 6:36 am

Canada Mortgage and Housing Corp. is raising the cost of mortgage loan insurance effective March 17. The Crown corporation estimates the increases will add...

No 'half-in, half-out'

Jan 17, 2017 / 6:28 am

British Prime Minister Theresa May has made it clear: the U.K. will make a clean break from the European Union and leave its single market of some 500 million...

MH370 search called off

Jan 17, 2017 / 6:18 am

Nearly three years after twin disasters took it to the brink of financial collapse, Malaysia Airlines' new CEO says the airline's recovery is going...

Jumping on free home loans

Jan 16, 2017 / 4:40 pm

B.C.'s housing minister says a program to help first-time homebuyers received applications within hours of launching. Rich Coleman says nearly 30...

Rise of renewables

Jan 16, 2017 / 11:07 am

The rise of renewable power has created a need for energy storage that companies are fulfilling with underwater balloons, multi-tonne flywheels and decades-old...

Canada to outpace G-7

Jan 16, 2017 / 6:54 am

The International Monetary Fund says uncertainty surrounding the incoming Donald Trump administration in the United States is making it difficult to forecast...

Giant eyewear merger

Jan 16, 2017 / 6:25 am

A new European eyewear giant is set to emerge as Italian frames maker Luxottica — maker of brands like Ray-Ban and Oakley — joins with French lens...

Can UK float without EU?

Jan 15, 2017 / 6:57 am

Britain's treasury chief says the UK will take whatever steps necessary to stay competitive in the global economy, if the country is shut out of the...

Moody's fined $864M

Jan 14, 2017 / 9:43 am

Moody's Corp. has agreed to pay nearly $864 million to settle federal and state claims it gave inflated ratings to risky mortgage investments in the years...

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