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Business News

Annual inflation rate increased to 2.9 per cent in March as gasoline prices rose

Annual inflation rate increased to 2.9 per cent in March as gasoline prices rose

Apr 16, 2024 / 5:56 am

The annual inflation rate ticked higher in March compared with February, boosted by higher prices for gasoline, Statistics Canada said Tuesday. The agency said...

Hockey business is booming as the NHL bounces back from the pandemic in a big way

Hockey business is booming as the NHL bounces back from the pandemic in a big way

Apr 16, 2024 / 5:52 am

Arenas are full, the NHL is a fixture on TV screens across North America, highlight-reel goals are talking points on a near-daily basis and “The Pat...

Tim Hortons launches pizza nationally to 'stretch the brand' to afternoon, night

Tim Hortons launches pizza nationally to 'stretch the brand' to afternoon, night

Apr 16, 2024 / 5:50 am

Tim Hortons executives and chefs have collectively eaten thousands of flatbread pizzas over the last several years. There were versions that were spicy, others...

China's economy grew 5.3% in first quarter, beating expectations, though weak spots remain

China's economy grew 5.3% in first quarter, beating expectations, though weak spots remain

Apr 16, 2024 / 3:46 am

China’s economy grew faster than expected in the first quarter of the year with help from policies and stronger demand, though signs of weakness in the...

WestJet Encore pilots announce tentative deal in labour dispute with regional carrier

WestJet Encore pilots announce tentative deal in labour dispute with regional carrier

Apr 15, 2024 / 6:03 pm

The union representing WestJet Encore pilots says a tentative deal has been struck with their employer, days before the pilots had threatened to go on strike....

EVs, hydrogen among B.C.-Korea trade opportunities

EVs, hydrogen among B.C.-Korea trade opportunities

BC Apr 15, 2024 / 12:24 pm

The value of B.C. and Canada’s trade relationship with South Korea is expected to grow, following a record Canada-Korea trade year in 2022 and relatively...

Walmart launches pilot program for customers to recycle reusable shopping bags

Walmart launches pilot program for customers to recycle reusable shopping bags

Apr 15, 2024 / 10:00 am

Walmart Canada is launching a national pilot program for customers to recycle their reusable shopping bags. The retailer says customers from across Canada can...

Lynx Air claims passenger refunds will hurt investors due to defiant contractor

Lynx Air claims passenger refunds will hurt investors due to defiant contractor

Apr 15, 2024 / 9:59 am

Lynx Air says customer refunds are a big expense for the insolvent company thanks to an unco-operative contractor. The ultra-low-cost carrier, which ceased...

Tesla is planning to lay off 10% of its workers after dismal 1Q sales, multiple news outlets report

Tesla is planning to lay off 10% of its workers after dismal 1Q sales, multiple news outlets report

Detroit Apr 15, 2024 / 8:09 am

After reporting dismal first-quarter sales, Tesla is planning to lay off about a tenth of its workforce as it tries to cut costs, multiple media outlets...

Statistics Canada reports manufacturing sales up 0.7% in February at $71.6B

Statistics Canada reports manufacturing sales up 0.7% in February at $71.6B

Ottawa Apr 15, 2024 / 7:10 am

Statistics Canada says manufacturing sales rose 0.7 per cent to $71.6 billion in February, helped by higher sales of petroleum and coal. The agency says...

Retail sales up a strong 0.7% in March from February, underscoring the resiliency of the US consumer

Retail sales up a strong 0.7% in March from February, underscoring the resiliency of the US consumer

New York Apr 15, 2024 / 5:59 am

Americans increased their spending pace in March at a better-than-expected pace the previous month, , underscoring how shoppers remain resilient despite...

Parkland says strategic review called for by Simpson Oil is unnecessary

Parkland says strategic review called for by Simpson Oil is unnecessary

Calgary Apr 15, 2024 / 5:34 am

Fuel retailer Parkland Corp. says a strategic review of its business called for by its largest shareholder is unnecessary. The Calgary-based company says such a...

Canadian Airbus workers reach tentative agreement with company

Canadian Airbus workers reach tentative agreement with company

Apr 12, 2024 / 5:34 pm

Airbus Canada says it has reached a tentative agreement with the union representing employees at the company's assembly facility in Mirabel, Que. The...

Asking rent prices in March up 8.8% from year ago, but down from February: Urbanation

Asking rent prices in March up 8.8% from year ago, but down from February: Urbanation

Apr 12, 2024 / 12:02 pm

A new report says the asking rent for a home in Canada in March was up 8.8 per cent compared with a year ago, but down from February. The report by Urbanation,...

Corus CEO hopeful TV advertisers will return as company posts $9.8M Q2 loss

Corus CEO hopeful TV advertisers will return as company posts $9.8M Q2 loss

Toronto Apr 12, 2024 / 9:00 am

Despite a drop in advertising revenue, the chief executive of Corus Entertainment Inc. says he is confident the television and radio broadcaster can draw...

Regulator limiting leverage in bank mortgage portfolios

Regulator limiting leverage in bank mortgage portfolios

Toronto Apr 12, 2024 / 8:48 am

Canada's banking regulator says it will be putting limits on how much leverage banks allow in their uninsured mortgage portfolios. The Office of the...

March home sales, average price rise from year ago: CREA

March home sales, average price rise from year ago: CREA

Ottawa Apr 12, 2024 / 6:53 am

The Canadian Real Estate Association says the number of home sales in March rose 1.7 per cent compared with a year ago. The increase came as the average price...

Walmart Canada says robots are coming to two Ontario warehouses, but jobs not at risk

Walmart Canada says robots are coming to two Ontario warehouses, but jobs not at risk

Ontario Apr 12, 2024 / 5:14 am

In a Calgary warehouse almost as big as eight football fields, an army of robots whir about, carrying massive quantities of merchandise bound for Walmart Canada...

Metro Vancouver industrial real estate market starting to normalize

Metro Vancouver industrial real estate market starting to normalize

Apr 11, 2024 / 1:29 pm

Metro Vancouver’s industrial market is entering a period of equilibrium, as the frenzy that once defined the market dies down. This is according to a...

Postmedia reports $20.1M loss in Q2, revenue down 13 per cent from year ago

Postmedia reports $20.1M loss in Q2, revenue down 13 per cent from year ago

Apr 11, 2024 / 11:48 am

Postmedia Network Canada Corp. reported a net loss of $20.1 million in its latest quarter compared with a loss of $20.8 million a year earlier as its revenue...

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