Business News‹ Dec 4 to 10, 2016 ›
OPEC tries to raise oil prices
OPEC has persuaded 11 non-member countries to cut their oil production in an attempt to raise low prices that have put pressure on government finances in...
Sears gambles on groceries
Sears Canada, which has been struggling with store closures and sagging sales, said Friday it will venture into the grocery business in an effort to lure...
Continuing to set records
U.S. stocks are rising Friday as major indexes continue to set records. Some of the largest gains are going to industries that have been left out of the...
Sears sees third-quarter loss
Sears Canada said Friday it saw its third-quarter loss more than double to $120.0 million from $53.2 million during the same period last year as revenue...
Drilling rights sales down
Sales of Crown drilling rights in Alberta have fallen to their lowest levels in 39 years. Statistics posted on the Alberta Energy website this week, following...
Coca-Cola names next CEO
Coca-Cola CEO Muhtar Kent will step down from that role next year and be succeeded by the company's No. 2 executive, Chief Operating Officer James Quincey,...
Crude tops $50 a barrel
Major stock markets in New York closed at record highs Thursday amid a broad rally from banks, materials and technology companies. The Dow Jones industrial...
BlackBerry Secure
BlackBerry revealed its latest security offering on Thursday intended to help companies reliably manage their current and future connectivity needs. The...
More market all-time highs
After a quiet start, major U.S. stock indexes set more all-time highs Thursday afternoon as the market built on a surge the previous day. Banks and basic...
Cenovus to boost spending
Cenovus Energy says it is planning to boost its 2017 capital spending by 24 per cent and resume work on the expansion of its Christina Lake oilsands project in...
Crackdown on ticket bots
The U.S. Congress has sent legislation to President Barack Obama that could make it easier to get tickets to popular shows, sports events and concerts....
Legal fight over VW scandal
The European Union is starting legal action against Britain, Germany, Spain and Luxembourg for not imposing penalties against Volkswagen for using illegal...
Alberta: worst is over
Alberta Finance Minister Joe Ceci met with key economists Wednesday to look ahead to 2017, with the consensus being the worst is over for the provincial...
Key rate stays at 0.5%
The Bank of Canada is holding its benchmark interest rate at 0.5 per cent as it sees the stronger world economy continuing to face "undiminished"...
$655M pipeline to proceed
TransCanada Corp. says it's moving ahead with a $655-million expansion of its Nova Gas Transmission Ltd. system in northwestern Alberta. The company...
Takeover vote delayed
PrivateBancorp Inc. has delayed a shareholder vote on a proposed takeover of the company by Canadian Imperial Bank of Commerce (TSX:CM) that was set for...
Dollarama reports sales up
Dollarama Inc. (TSX:DOL) saw its third-quarter profit grow to nearly $110.1 million compared with nearly $100.1 million in the same quarter a year ago. The...
Sued over Hydro One sale
The Canadian Union of Public Employees says its lawsuit against the Ontario premier and two cabinet ministers over the sale of Hydro One is finally headed to...
Delinquency rate on rise
A new Equifax Canada report says low interest rates and falling oil prices drove up consumer debt and delinquency rates in the third quarter. The credit...
Mine hiding mercury levels?
An environmental group is accusing a diamond mining company of failing to report mercury levels at a mine in Northern Ontario, a claim the company has swiftly...
Alaska to buy Virgin air
Alaska Airlines has won government approval to buy rival Virgin America after agreeing to reduce its flight-selling partnership with American Airlines. Parent...
Do as I say, not as I do
Parents spend more than nine hours a day with TVs, computers and other screen devices while also giving themselves high marks as role models for their...
Transcontinental to cut costs
Transcontinental says it will continue to cut costs and accelerate its shift to digital publications next year to offset declining advertising and newspaper...
Air Force 1 plan grounded?
The government should cancel its multibillion-dollar order for new Air Force One presidential planes, Donald Trump declared Tuesday, serving notice he's...
Markets unchanged
North American stock markets were little changed in late morning trading as the price of oil took a step back. The S&P/TSX composite index gained 4.90...
BMO profits surge
Bank of Montreal raised its dividend Tuesday as it reported a fourth-quarter profit of $1.35 billion, up a 11 per cent from a year ago. The bank increased its...
Free speech vs. copyright
A legal fight between Internet giant Google and a British Columbia technology company unfolds today in the Supreme Court of Canada, where they will duel over...
Samsung heir grilled
It was a rare moment of public reckoning for South Korea's most powerful business leaders and possibly the worst day for Samsung's billionaire heir,...
Notley's tough sell
Some observers say Alberta's premier will have a difficult job trying to convince British Columbians to support the Trans Mountain pipeline project between...
Suncor avoids $1.3B tax bill
Suncor Energy says it has successfully defended its accounting practices and avoided a $1.3-billion tax bill sought by the Canada Revenue Agency. The...
Refinery news welcomed
Dominion Energy Processing Group has announced plans to build a 40,000 barrel a day refinery complex in southeast Saskatchewan. The company, a subsidiary of...
Shopping, checkout free
Amazon is testing a grocery store model in Seattle that works without checkout lines. Called Amazon Go, shoppers scan their Amazon app when they enter the...
Work sucks for young
A new study from Statistics Canada says young people have seen their job quality decline over the last four decades, even as the unemployment rate has remained...
Bombardier wins Paris deal
Bombardier Transportation (TSX:BBD.B) says it has won a US$370-million contract from French national railway SNCF to supply 52 more commuter trains for the...
Dow hits another record
U.S. stocks are resuming their climb Monday, led by gains in energy companies and banks, sending the Dow Jones industrial average to another record high....
Second Cup signs $8M loan
The Second Cup Ltd. (TSX:SCU) has signed a deal for a four-year, $8-million secured term loan from an affiliate of Serruya Private Equity following a review of...
Energy East 'still needed'
New Brunswick's premier says there's still a strong need for the proposed Energy East pipeline despite the federal government's approval of two...
Softwood duties would sting
The imposition of import tariffs on Canadian softwood lumber will place a heavy burden on consumers and U.S. workers, a leading American voice for free trade...
What to watch for in biz
Five things to watch this week in Canadian business: Pipe Dreams: There are expectations that a pipeline charm offensive in British Columbia could heat up this...