Business News

Oil curtailments working?

Apr 24, 2019 / 5:29 am

Cenovus Energy Inc. reported a profit of $110 million in its first quarter compared with a loss a year ago as it benefited from improved prices for western...

Stole secrets for China

Apr 23, 2019 / 4:36 pm

A former General Electric engineer and his business partner in China were indicted Tuesday on charges they stole the company's trade secrets from a New York...

CP Rail profits jump 25%

Apr 23, 2019 / 4:31 pm

Canadian Pacific Railway Ltd. missed expectations even though its profits surged 25 per cent during the winter quarter despite lower volumes caused by frigid...

H&R Block co-founder dies

Apr 23, 2019 / 12:44 pm

Tax preparer H&R Block says its co-founder, Henry Bloch, has died at the age of 96. The company says he died of natural causes Tuesday at St. Luke's...

Coke surprises investors

Apr 23, 2019 / 10:59 am

Coca-Cola Co. surprised investors with a better-than-expected first quarter but cautioned that it's still expecting slower growth for the full year....

Harley sales decline

Apr 23, 2019 / 10:56 am

Harley-Davidson reported a decline in motorcycles sales in the U.S. and abroad as it continues to adapt to an aging clientele while navigating the costs of...

Tesla ride-hailing service

Apr 23, 2019 / 10:27 am

Tesla says it will introduce a ride-hailing service with no humans driving the vehicles. CEO Elon Musk and others detailed the company's plans to have...

Streaming to eclipse cable

Apr 23, 2019 / 10:23 am

The number Canadian households paying for at least one streaming video service will eclipse traditional TV subscribers for the first time next year, predicts an...

Energy sector lifts TSX

Apr 23, 2019 / 8:24 am

Gains in the energy sector helped lift Canada's main stock index in late-morning trading, while U.S. stock markets also surged higher. The S&P/TSX...

US new-home sales up

Apr 23, 2019 / 7:13 am

Sales of new U.S. homes increased 4.5% in March, the third straight monthly gain as the housing market appears to be cautiously recovering from a mortgage rate...

Wholesale sales up

Apr 23, 2019 / 5:47 am

Statistics Canada says wholesale sales posted their third consecutive monthly gain as they increased 0.3 per cent to $63.7 billion in February. Economists on...

Teck Resources profit down

Apr 23, 2019 / 5:27 am

Teck Resources Ltd. topped expectations in its first-quarter even as its profit fell compared with a year ago due to lower commodity prices and higher operating...

US expands air bag probe

Apr 23, 2019 / 5:26 am

U.S. auto safety regulators have expanded an investigation into malfunctioning air bag controls to include 12.3 million vehicles because the bags may not...

Canada's stock index slips

Apr 22, 2019 / 9:17 am

Canada's main stock index was down slightly in morning trading after ending last week at an all-time high. The S&P/TSX composite index was down 18.07...

Look at biz week ahead

Apr 21, 2019 / 7:50 am

Five things to watch for in the Canadian business world in the coming week: CP Rail results CP Rail CEO speaks with investors after releasing first-quarter...

Max 8 approval under scope

Apr 21, 2019 / 6:38 am

A global team of experts next week will begin reviewing how the Boeing 737 Max's flight control system was approved by the U.S. Federal Aviation...

Legal pot sees supply issues

Apr 20, 2019 / 10:00 am

When cannabis supply at Small Town Buds begins to dwindle, co-owner Chris Felgate shuts the doors of his Devon, Alta., shop and turns customers away. Even...

Value of a cathedral

Apr 19, 2019 / 5:18 am

Rebuilding Notre Dame, the 800-year-old Paris cathedral devastated by fire this week, will cost billions of dollars as architects, historians and artisans work...

National Enquirer sold!

Apr 18, 2019 / 1:45 pm

The National Enquirer is being sold to the former head of the airport newsstand company Hudson News. Tabloid owner American Media says it is selling the...

BMW recall over fire risk

Apr 18, 2019 / 8:24 am

BMW is adding nearly 185,000 vehicles in the U.S. to a 2017 recall for possible engine fires. Two years ago the company recommended that the vehicles be parked...