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Business News Jan 21 to 27, 2018

Apotex CEO steps down

Jan 26, 2018 / 10:53 am

Just prior to the announcement that Apotex Inc. founder Barry Sherman and his wife's investigation has been ruled a double homocide, Apotex Inc. president...

Reba's finger looking good

Jan 26, 2018 / 7:54 am

The next Colonel Sanders is giving the character a little bit of "country music flair." KFC has picked singer Reba McEntire to play the founder of the...

US economy steams ahead

Jan 26, 2018 / 7:05 am

The U.S. economy grew at a solid rate of 2.6 per cent in the final three months of last year, helped by the fastest consumer spending since the spring of 2016...

Inflation slows in December

Jan 26, 2018 / 6:34 am

The annual pace of inflation slowed in December compared with November as gains in the price of gasoline eased up, Statistics Canada said Friday. The agency...

Loonie continues to rise

Jan 25, 2018 / 4:35 pm

TORONTO - The loonie continued to strengthen against a weakened greenback Thursday, as the Toronto stock index fell moderately amid slumping oil prices. The...

TransCanada CEO hopeful

Jan 25, 2018 / 1:31 pm

The head of TransCanada Corp. said Thursday that he's still optimistic about Canada's liquefied natural gas export prospects and that the company is...

Rogers profit rises

Jan 25, 2018 / 4:28 am

Rogers Communications Inc. topped expectations as it reported a fourth-quarter profit of $419 million and a three per cent gain in revenue compared with a year...

Fight against tanker ban

Jan 24, 2018 / 4:46 pm

A coalition of First Nations is raising money through a GoFundMe campaign to mount a legal challenge to the proposed oil-tanker ban on British Columbia's...

Loonie jumps, USD slumps

Jan 24, 2018 / 9:50 am

The Canadian dollar jumped higher Wednesday following comments by the U.S. Treasury secretary that a weaker greenback is good because it helps American...

'Fire and Fury' climbing

Jan 24, 2018 / 7:36 am

Michael Wolff's "Fire and Fury" is well on its way to becoming one of the fastest selling nonfiction books in recent years. "Fire and...

SEC probing GE

Jan 24, 2018 / 6:50 am

General Electric is being investigated by federal regulators for a $15 billion hit it took to cover miscalculations made by an insurance unit. The company...

Friendly pot deal done

Jan 24, 2018 / 5:32 am

Aurora Cannabis Inc. has struck a friendly deal valued at $1.1 billion to buy rival licensed producer CanniMed Therapeutics Inc., bringing an end to a hostile...

Not so fast Fox

Jan 23, 2018 / 5:53 pm

British regulators said Tuesday that 21st Century Fox's takeover of London-based pay TV company Sky is not in the public interest because it would give...

National Bank building

Jan 23, 2018 / 8:16 am

National Bank announced plans to build a new head office in downtown Montreal. The bank says its new headquarters will be at the corner of St-Jacques St. and...

Cara buys Keg Restaurants

Jan 23, 2018 / 8:10 am

Cara Operations Ltd. is growing its restaurant empire yet again with a $200-million deal to buy Keg Restaurants Ltd., which operates a chain of 160 steakhouses....

Twitter Chief resigns

Jan 23, 2018 / 7:01 am

Twitter's chief operating officer is leaving the social media giant to lead another company. Anthony Noto joined Twitter in July 2014 after a stint at...

Big pay big dreams for Musk

Jan 23, 2018 / 6:29 am

Elon Musk will remain at Tesla under a 10-year, all-or-nothing pay package that demands massive growth. The agreement, revealed Tuesday in a regulatory filing,...

Grocers counter Amazon

Jan 22, 2018 / 12:26 pm

More Canadians may soon be able to order their groceries online for delivery as the country's grocery wars heat up following Amazon's entry to the...

Back to business

Jan 22, 2018 / 11:07 am

Congress sped toward reopening the government Monday, as Senate Democrats dropped their objections to a temporary funding bill in return for assurances from...

Truce continues in pot war

Jan 22, 2018 / 8:34 am

CanniMed Therapeutics Inc. says its truce with rival medical marijuana company Aurora Cannabis Inc. will continue past the original Monday deadline. The...

Wholesale sales up on cars

Jan 22, 2018 / 7:12 am

Statistics Canada says wholesale sales rose 0.7 per cent in November to $63.6 billion. The food, beverage and tobacco subsector led the increase, rising 1.9 per...

IMF hikes global outlook

Jan 22, 2018 / 6:06 am

The International Monetary Fund is upgrading the outlook for the world economy, noting surprisingly strong growth in Europe and Asia and predicting that U.S....

What to watch for

Jan 21, 2018 / 7:49 am

Five things to watch for in the Canadian business world in the coming week: Time to have “the talk”? Alimentation Couche-Tard's hosts its...

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