Business News

S&P downgrades Lavalin

Feb 13, 2019 / 9:19 am

Debt rating agency Standard & Poor's has downgraded SNC-Lavalin Group Inc., citing problems at a Chilean mining project, damaged business relations with...

Ford recalls 1.5M pickups

Feb 13, 2019 / 9:16 am

Ford is recalling nearly 1.5 million pickup trucks in North America because the transmissions can suddenly downshift into first gear. The recall covers F-150...

Teck reports lower profits

Feb 13, 2019 / 9:15 am

Teck Resources Ltd. saw its fourth-quarter profit drop 41.5 per cent from the year earlier, amid lower prices for copper, zinc and oil. The profit attributable...

A&W profit, sales up

Feb 13, 2019 / 6:36 am

A&W Revenue Royalties Income Fund raised its monthly payment to unitholders Wednesday as it reported a higher fourth-quarter profit and a surge in sales at...

Cenovus reports $1.36B loss

Feb 13, 2019 / 6:34 am

Cenovus Energy Inc. reported a $1.36-billion loss in its latest quarter as it faced deep discounts for Western Canadian Select oil. The company says the loss...

Auto brakes to be law

Feb 12, 2019 / 4:17 pm

Forty countries led by Japan and the European Union — but not the U.S. or China — have agreed to require new cars and light commercial vehicles to...

Molson re-issues financials

Feb 12, 2019 / 10:20 am

Molson Coors Brewing Co. says it has restated its financial results for 2016 and 2017 due to income tax accounting errors. The company, which keeps its books in...

Small biz fears carbon tax

Feb 12, 2019 / 6:53 am

A large proportion of small- and medium-sized businesses soon to be subjected to Ottawa's carbon tax worry they'll be unable to pass along the bulk of...

Gov't spends most on FB

Feb 11, 2019 / 4:37 pm

Social media websites like Facebook and Twitter now take in the lion's share of federal advertising dollars, thanks to an ongoing increase in the use of...

Aurora loses $237.7M

Feb 11, 2019 / 4:00 pm

Aurora Cannabis Inc. lost $237.7 million in the second quarter of its fiscal year even though net revenues surged to $54.2 million as sales of cannabis by...

EPA to rule on PFAS

Feb 11, 2019 / 10:00 am

The chemical compounds are all around you. They're on many fabrics, rugs and carpets, cooking pots and pans, outdoor gear, shampoo, shaving cream, makeup...

SNC-Lavalin issues warning

Feb 11, 2019 / 6:46 am

SNC-Lavalin Group Inc. is warning that its profit for 2018 will be even lower that it cautioned in January, due to problems at an unidentified mining project in...

Tims parent hits target

Feb 11, 2019 / 6:44 am

Restaurant Brands International Inc., the company behind Tim Hortons, Burger King and Popeyes restaurants, narrowly topped profit expectations as it reported...

Unifor's fight for future

Feb 11, 2019 / 6:22 am

Jerry Dias is fed up. At labour rallies, press conferences, anywhere people might listen, the head of Unifor has for more than two months been expressing a deep...

Cannabis co-ops pop up

Feb 10, 2019 / 8:25 am

British Columbia may be famous for its bud, but some say Canada's new marijuana legalization framework is excluding the small producers with established...

Coastal GasLink warned

Feb 8, 2019 / 4:34 pm

The B.C. Oil and Gas Commission says Coastal GasLink must submit a notice of construction at least 48 hours before it starts work under its permit to build a...

Unifor workers walk off job

Feb 8, 2019 / 9:51 am

Unifor says workers at an autoparts supplier in Whitby, Ont. have walked off the job in solidarity with the union's campaign to save the General Motors...

Markets in red, loonie up

Feb 8, 2019 / 8:39 am

Canada's main stock index posted a triple-digit decline in late-morning trading as the Toronto market was hit by broad-based weakness and U.S. markets sank...

Bezos blackmailed?

Feb 8, 2019 / 7:09 am

Amazon CEO Jeff Bezos says he was the target of "extortion and blackmail" by the publisher of the National Enquirer, which he said threatened to...

Fatal airbag recall = 1.7 m

Feb 8, 2019 / 5:39 am

Subaru, Tesla, BMW, Volkswagen, Daimler Vans, Mercedes and Ferrari are recalling about 1.7 million vehicles to replace potentially deadly air bag inflators made...