Business News‹ Apr 23 to 29, 2017 ›
Apple-picking robots?
Harvesting Washington state's vast fruit orchards each year requires thousands of farmworkers, and many of them work illegally in the United States. That...
Imperial Oil reverses loss
Imperial Oil (TSX:IMO) is reporting first-quarter earnings that reversed a loss in the same period of last year but fell short of analyst expectations. The...
Bombardier denies dumping
Bombardier and the federal government have rejected Boeing's claim in a complaint filed with the U.S. government that its Canadian rival has dumped its new...
Home Capital secures credit
Home Capital Group Inc. shares regained some ground on Thursday after it secured a $2-billion credit line and said it's exploring its strategic options,...
BlackBerry keyboard returns
Canadians will be able to buy a new BlackBerry-branded smartphone with a physical keyboard starting next month. The KEYone, a phone made in partnership between...
VW ordered to to pay $2.1B
Members of a Canadian class-action lawsuit against Volkswagen can submit claims for reimbursement starting on Friday after an Ontario judge ordered the car...
Further potential for Suncor
Suncor Energy (TSX:SU) has a potential opportunity to make further purchases in Alberta's oilsands if foreign multinationals continue to exit the sector,...
Potash demand strong
Potash Corp. of Saskatchewan Inc. (TSX:POT) says demand for its main product is expected to be strong for the remainder of the year and its 2017 earnings...
ESPN laying off 100
ESPN is laying off about 100 employees, including former athletes-turned-broadcasters Trent Dilfer, Len Elmore and Danny Kanell, in a purge designed to focus...
Under-the-radar growth
One of Comcast's fastest-growing businesses hasn't been selling cable or internet subscriptions — or making movies and TV shows, or selling TV...
Secret beneficiaries
When it comes to requests to have inheritance money left discreetly, Toronto estate lawyer Ed Olkovich says it's typically not the racy stuff most people...
$10,000 for bumped seat
United Airlines says it will raise the limit to $10,000 on payments to customers who give up seats on oversold flights and will increase training for employees...
Suncor earnings jump
Suncor Energy is reporting net earnings of $1.35 billion or 81 cents per share in the first quarter of 2017, compared with $257 million or 17 cents a year...
An 'amicable' trade war
Anyone looking for a political decoder for how the Trudeau government might be interpreting Donald Trump's latest spate of anti-Canadian trade rhetoric...
McDonald's joins dark side
McDonald's new uniforms are prompting some teasing online, with comments saying the grey-toned shirts and aprons make employees look like they're part...
Bell bets big on streaming
Bell Canada says it's on the cusp of launching a new streaming product to attract customers who prefer to watch video such as Netflix through the Internet...
More losses at Sears
Sears Canada Inc. reported a $45.8-million loss in its latest quarter, but noted that same-store sales improved compared with a year ago as the company has...
Tims beats expectations
The owner of Tim Hortons and Burger King is reporting flat sales at its established locations in the first quarter but a nine per cent increase in revenue,...
Cenovus profits jump
Cenovus Energy Inc. says production from its oilsands operations was up 32 per cent in the first quarter from the same time last year, helping to fuel a...
Trump to slash business tax
President Donald Trump plans to propose massive tax cuts for businesses big and small as part of an overhaul that he says will provide the biggest tax cuts in...
Loonie hits 14-month low
A rekindled softwood lumber trade dispute with the United States pushed the Canadian dollar to its lowest level in 14 months on Tuesday. The loonie lost 0.29 of...
Lumber, dairy into NAFTA?
The Trump administration is signalling an interest in making big additions to NAFTA. Those additions could relate to softwood lumber and dairy. Commerce...
Lumber job losses likely
The federal government is reaching out to reassure forestry workers, lumber producers and others facing the impact from a fresh sofwood trade war that it stands...
Beer coming to Taco Bell
Taco Bell customers will be able to grab beer with their tacos and burritos at some Canadian stores starting this June. The Mexican-style fast-food chain says...
Great-West to cut 1,500
Great-West Lifeco says it will cut 1,500 positions over the next two years in response to changing technology and customer expectations. The cuts are equal to...
Profits surge at Teck
Teck Resources Ltd. had a big increase in first-quarter profits thanks to higher prices for its coal, copper and zinc but the company still fell short of...
Hertz, Thrifty fined $1.25M
Car rental companies Hertz Canada Ltd. and Dollar Thrifty Automotive Group Canada Inc. have agreed to pay a total of $1.25 million in penalties following an...
S8 more prone to cracks
Samsung's latest phones feature big wraparound screens and lots of glass. SquareTrade, a company that sells gadget-repair plans, says the phones also appear...
Have your say on pay?
Regulators should make public companies hold a vote on the pay packages of top executives, say investors advocates, with compensation expected to be a major...