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Business News Last 7 days

RBC profit up 24%

Feb 24, 2017 / 12:02 pm

Royal Bank of Canada, the country's largest lender, reported stronger-than-expected first-quarter results Friday on the back of solid earnings from its...

Spill cleanup cost $107M

Feb 24, 2017 / 11:48 am

Husky Energy says efforts to clean up a major oil pipeline spill last year in Saskatchewan have cost $107 million. About 90,000 litres of heavy crude and...

Whistler inks 60-yr deal

Feb 24, 2017 / 10:37 am

The Colorado-based company that owns Whistler Blackcomb ski resort has announced a 60-year renewal of the resort's master development agreements with the...

Austerity over, says Greece

Feb 24, 2017 / 6:42 am

Greek Prime Minister Alexis Tsipras says the era of austerity is over for his country, painting a positive picture Friday of reforms the country has agreed to...

China buys film studio

Feb 24, 2017 / 6:40 am

China's footprint in Hollywood is expanding following a wire and cable maker's purchase of a controlling stake in independent studio Millennium Films,...

Inflation climbs to 2.1%

Feb 24, 2017 / 6:34 am

A surge in gasoline prices helped push Canada's annual inflation rate well beyond expectations in January to 2.1 per cent — an increase that coincided...

Cover your ears, boy!

Feb 23, 2017 / 2:23 pm

The organization that regulates health and safety in British Columbia workplaces reports almost one in four young construction workers is not doing enough to...

Fracking too low for profits

Feb 23, 2017 / 1:34 pm

The two largest publicly traded Canadian oilfield fracking companies say prices for their services continue to be unsustainably low despite rising activity...

Flying fat goes to court

Feb 23, 2017 / 11:05 am

The Supreme Court of Canada has granted Delta Airlines leave to appeal a ruling that found a Halifax passenger rights advocate could stand up for obese people...

GM bill 'self-driving'

Feb 23, 2017 / 10:31 am

With states seizing the initiative on shaping the future of self-driving cars, General Motors is trying to persuade lawmakers across the country to approve...

CIBC will remain patient

Feb 23, 2017 / 10:10 am

CIBC will remain disciplined and patient on its efforts to buy Chicago-based lender PrivateBancorp as it looks to expand its business in the U.S. amid slowing...

Crop insurance going up

Feb 23, 2017 / 10:04 am

Crop insurance premiums and coverage levels are going up in Saskatchewan. Agriculture Minister Lyle Stewart says premiums will average $8.51 an acre — up...

Sorry for the bad weed

Feb 23, 2017 / 8:31 am

Canada's largest publicly traded marijuana company says it has made "numerous process and personnel changes" at its newly acquired Mettrum Health...

Less cash into TFSAs

Feb 23, 2017 / 6:32 am

A new survey suggests Canadians contributed less to their tax-free savings accounts last year, mostly because they didn't have enough money to invest. The...

Loblaw profits up 57%

Feb 23, 2017 / 6:17 am

Canada's largest grocery business, Loblaw Companies Ltd., is reporting a 57 per cent jump in fourth-quarter profit. The company, based in Brampton, Ont.,...

Paramount CEO leaving

Feb 22, 2017 / 4:48 pm

Paramount Pictures Chairman and CEO Brad Grey is leaving the movie studio after 12 years at the helm. In a memo to employees, Grey said his duties end effective...

Irradiated beef for sale

Feb 22, 2017 / 2:15 pm

The federal government has approved the sale of ground beef that has been treated with radiant energy similar to X-rays. Health Canada says irradiation can...

SodaStream recalls bottles

Feb 22, 2017 / 11:47 am

SodaStream is recalling thousands of its bottles in Canada and the U.S. because of a danger they may rupture when a user is in the process of carbonating water....

Natural gas pipeline tolls?

Feb 22, 2017 / 11:23 am

TransCanada (TSX:TRP) is proposing a new pipeline tolling system it says will allow western Canadian natural gas to be shipped to Ontario at lower rates to...

HBC denying allegations

Feb 22, 2017 / 9:37 am

Hudson's Bay Co. (TSX:HBC) is denying allegations of deceptive pricing practices from Canada's competition watchdog. The Competition Bureau issued a...

Unilever reviewing options

Feb 22, 2017 / 9:34 am

Unilever is reviewing options after rival Kraft Heinz withdrew a $143 billion takeover offer. The owner of brands including Hellman's and Lipton says it is...

Freshii jumping the pond

Feb 22, 2017 / 9:31 am

Freshii Inc. says it is taking its healthy-food eateries across the pond to the United Kingdom. The Toronto-based eatery has partnered with a local Starbucks...

Retail sales soft in Dec.

Feb 22, 2017 / 9:28 am

A weak holiday shopping season took a bite out of retail sales, which were softer than expected in December. Statistics Canada said Wednesday that retail sales...

Maple Leaf profit jumps

Feb 22, 2017 / 6:23 am

Maple Leaf Foods says it had $76.2 million of net income in the fourth quarter, more than double the company's year-earlier profit. Net income for the...

Wind firm sues gov't

Feb 22, 2017 / 6:16 am

A wind power company is going to court to try to get $28 million it is owed by the federal government over an Ontario offshore wind moratorium. Windstream...

Transparency on safety

Feb 21, 2017 / 3:50 pm

The Alberta Energy Regulator is making it easier for the public to see which oil and gas companies are falling behind on pipeline safety. The regulator launched...

Layoffs at Lowe's

Feb 21, 2017 / 3:47 pm

Home improvement retailer Lowe's has announced its second round of layoffs in just over a month, saying more than 500 full-time corporate employees...

Stock indexes hit new highs

Feb 21, 2017 / 9:47 am

North American stock indexes have made further advances into record high territory today. The Toronto Stock Exchange's S&P/TSX composite index was at...

King to gobble Popeyes

Feb 21, 2017 / 8:20 am

Restaurant Brands International says it'll pay $1.8 billion for Popeyes, bringing the fried chicken chain under the same corporate umbrella as Burger King...

Yahoo salvages Verizon deal

Feb 21, 2017 / 6:47 am

Yahoo is taking a $350 million hit on its previously announced $4.8 billion sale to Verizon in a concession for security lapses that exposed personal...

PC Plus passwords reset

Feb 20, 2017 / 2:31 pm

Loblaw has reset passwords for all its PC Plus rewards collectors' online accounts after points were stolen from some members' accounts. The company...

Always buckle up: TSB

Feb 20, 2017 / 2:20 pm

The Transportation Safety Board warned air travellers of the importance of wearing seatbelts as it released a report Monday that found a failure to buckle up...

Big banks ease up on energy

Feb 20, 2017 / 10:44 am

Credit has started to flow more freely to Canada's battered oil and gas sector, though some executives say lenders are favouring larger and more financially...

Drive-through pot shop

Feb 20, 2017 / 10:39 am

The western Colorado town of Parachute is getting a drive-through marijuana shop, believed to be the first in the state. The Parachute Board of Trustees...

Wholesale trade rises 0.7%

Feb 20, 2017 / 10:27 am

Canadian wholesale trade grew 0.7 per cent to $57.3 billion in December, registering its third consecutive monthly gain. Statistics Canada says sales in...

Similar pension challenges

Feb 20, 2017 / 10:26 am

China sees Canada as a valuable source of expertise as both countries grapple with the needs of an aging population that's increasingly retired, according...

Atlantic premiers talk trade

Feb 20, 2017 / 6:52 am

Atlantic Canada's premiers are meeting today in Newfoundland to discuss the Atlantic Growth Strategy and trade. Newfoundland and Labrador Premier Dwight...

Driverless car test sites

Feb 20, 2017 / 6:33 am

Self-driving vehicles could begin tooling down a bustling Atlanta street full of cars, buses, bicyclists and college students, as the city vies with other...

Unilever shares slide

Feb 20, 2017 / 6:18 am

Shares in Unilever, the owner of brands like Hellman's, Lipton, and Knorr, are down sharply after rival Kraft Heinz withdrew a $143 billion takeover offer....

Quebec turns up syrup taps

Feb 20, 2017 / 6:00 am

Quebec, the world's largest producer of maple syrup, is ramping up output as it fends off rising competition from the U.S. and neighbouring provinces as...

$Billion offer withdrawn

Feb 19, 2017 / 10:40 am

Kraft Heinz has decided to withdraw its $143 billion offer to buy mayonnaise, tea and seasonings maker Unilever. The companies announced the decision Sunday in...

Business: 5 things to watch

Feb 19, 2017 / 9:48 am

Five things to watch this week in Canadian business: Closed for holidays: Stock markets in Toronto and New York will be closed Monday, The United States will be...

'Get real' PM tells elite

Feb 17, 2017 / 2:14 pm

Prime Minister Justin Trudeau used one of Germany's most prestigious black-tie galas to tell business leaders to "get real" about the addressing...

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