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Business News Last 7 days

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...

$1.7B wind farm investment

Feb 17, 2017 / 11:17 am

Energy giant Enbridge Inc. is making big inroads into renewables even as changes in government policies are paving the way for the rapid expansion of its...

Dollar not stopping travelers

Feb 17, 2017 / 10:17 am

The relatively low value of the loonie isn't deterring Canadians from travelling to the United States, especially to winter vacation spots in Florida,...

On the cusp of rebuilding

Feb 17, 2017 / 9:20 am

The head of Canada's auto workers union says the country is on the cusp of building its industry again and shouldn't be concerned with the protectionist...

BlackBerry class action

Feb 17, 2017 / 6:38 am

A class action against BlackBerry Ltd. has been filed on behalf of more than 300 employees across the country who allege they lost their severance entitlements...

Kraft in talks to buy Unilever

Feb 17, 2017 / 6:28 am

U.S. food giant Kraft Heinz Co. confirmed that it's made an offer to buy Europe's Unilever and been rejected. The company said Friday that talks are...

The Zuckerberg manifesto

Feb 17, 2017 / 6:14 am

Mark Zuckerberg's long-term vision for Facebook, laid out in a sweeping manifesto , sometimes sounds more like a utopian social guide than a business plan....

Oil trains going too fast?

Feb 16, 2017 / 4:08 pm

Current speed limits for Canada's oil-carrying freight trains may be too high to prevent serious accidents and should be re-evaluated, the Transportation...

TransCanada refiles for XL

Feb 16, 2017 / 11:35 am

TransCanada says it's once again seeking approval of its Keystone XL pipeline route in Nebraska despite stiff opposition from some landowners. The energy...

Peladeau back at Quebecor

Feb 16, 2017 / 11:23 am

Pierre Karl Peladeau is returning to his job as the president and CEO of Quebecor Inc., one of Canada's largest media and telecommunications companies....

Ford committed to Canada

Feb 16, 2017 / 11:20 am

Ford's commitment to investing in its Ontario facilities has not wavered since the election of U.S. President Donald Trump, the head of the automaker's...

SunMine solar farm shines

Feb 16, 2017 / 10:01 am

A former lead and zinc mine in southeastern British Columbia has generated a small profit in its first full year of operation as a solar farm. A report by city...

Boeing union bid fails

Feb 16, 2017 / 9:59 am

Production workers at Boeing's South Carolina plant have overwhelmingly rejected an effort to unionize, maintaining Southern reluctance toward unionization...

Canadian Tire sees sales up

Feb 16, 2017 / 9:54 am

Canadian Tire reported strong earnings for the fourth quarter, as the national retailer saw sales spike across all its divisions. The Toronto-based company...

Encana looks to growth

Feb 16, 2017 / 6:27 am

Encana Corp. says it delivered on its strategic objectives last year and is now poised for growth, after losing US$944 million in 2016 and US$5.17 billion in...

Bombardier revenue falls

Feb 16, 2017 / 6:24 am

Bombardier Inc. says it had a US$981 million net loss last year. That was an improvement over 2015, when the Montreal-based company's full-year loss was...

Insurance mergers kiboshed

Feb 16, 2017 / 6:03 am

It was a rough Valentine's Day for the U.S. health insurance industry. One giant merger was abandoned, another is threatened by infighting, and a major...

NAFTA - cautious optimism

Feb 15, 2017 / 4:14 pm

Canada's ambassador to Washington, who sat in on the Donald Trump-Justin Trudeau summit this week, says he's now cautiously optimistic about any...

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