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Business News

Housing starts slow

Feb 8, 2019 / 5:39 am

Canada Mortgage and Housing Corp. says the annual pace of housing starts in January slowed compared with December. The housing agency says the seasonally...

Economy added 67K jobs

Feb 8, 2019 / 5:35 am

Statistics Canada says the economy added 66,800 jobs in January. The unemployment rate climbed to 5.8 per cent compared with 5.6 per cent in December....

Michael's art up for auction

Feb 8, 2019 / 5:35 am

George Michael left a rich legacy of music — and of visual art. The musician's collection of works by some of Britain's most famous contemporary...

Saputo reports $342M profit

Feb 7, 2019 / 1:14 pm

Saputo Inc. says it earned $342 million in its latest quarter, up from $337 million in the same quarter last year. The dairy and cheese producer says the profit...

Twitter posts bigger profit

Feb 7, 2019 / 9:46 am

Twitter is reporting that revenue and profit and its daily user base all grew in the final three months of 2018. But its monthly user count slipped and guidance...

'Fog of Brexit' hits UK

Feb 7, 2019 / 9:43 am

The British economy is set to grow at its slowest rate since the global financial crisis a decade ago as the "fog of Brexit" causes heightened...

TSX, U.S. stocks lower

Feb 7, 2019 / 8:26 am

Canada's main stock index fell in late-morning trading, weighed down by the energy sector which fell as the price of oil moved lower. The S&P/TSX...

EU slashes growth forecast

Feb 7, 2019 / 8:11 am

European Union officials have slashed their growth forecast for the 19 countries that use the euro, saying even the lower estimate was vulnerable to "large...

Leaders spar over Brexit

Feb 7, 2019 / 8:03 am

British Prime Minister Theresa May and EU Commission President Jean-Claude Juncker sparred on Thursday during "robust" talks on the U.K.'s Brexit...

'Blackface sweater' pulled

Feb 7, 2019 / 6:29 am

Gucci has apologized after complaints that a wool sweater with an oversized collar designed to cover the face resembled blackface makeup, and said the item had...

Cold weather saps batteries

Feb 7, 2019 / 6:27 am

Cold temperatures can sap electric car batteries, temporarily reducing their range by more than 40 per cent when interior heaters are used, a new study found....

BCE Q4 profit falls

Feb 7, 2019 / 5:14 am

BCE Inc. says its fourth-quarter profit fell compared with a year earlier, as an asset writedown and other expenses offset higher revenue for the...

Big rebound for GM

Feb 6, 2019 / 9:51 am

General Motors posted an $8.1 billion net profit for 2018, fueled by better prices for vehicles sold in the U.S., its most lucrative market. It's a strong...

EU nixes rail deal

Feb 6, 2019 / 9:40 am

European Union authorities on Wednesday blocked a deal to create a rail giant that could compete with China, angering France and Germany so much that they vowed...

Growth slowed: BoC deputy

Feb 6, 2019 / 9:17 am

A Bank of Canada deputy governor says the effects of U.S. trade unknowns, lower oil prices and weaker housing and consumer spending are behind the recent...

Oil prices hit Suncor hard

Feb 6, 2019 / 9:05 am

Suncor Energy Inc. is blaming a net loss in the last three months of 2018 primarily on steep price discounts for western Canadian oil, including the upgraded...

Brexit could spell peril

Feb 6, 2019 / 6:51 am

For the more than 120 workers at the Pedrosa & Rodrigues garment factory in northwestern Portugal, events in another country 2,000 kilometres (1,200 miles)...

Cirque acquires magic

Feb 6, 2019 / 6:41 am

Cirque du Soleil Entertainment Group says it has acquired The Works Entertainment and arranged a new US$120-million credit facility. The Works Entertainment is...

Home sales uptick

Feb 6, 2019 / 6:34 am

Home sales in Toronto and the surrounding area saw a small uptick in January, a sign that the real estate market in Canada's largest city remains stable....

Hostile takeover rejected

Feb 6, 2019 / 5:14 am

The board of Aphria Inc. has rejected a hostile takeover bid by Green Growth Brands Inc., claiming the offer undervalues the cannabis heavyweight. In a...

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