Business News

Walmart delivers, a lot

Aug 15, 2019 / 6:36 am

Walmart raised its annual outlook after a strong second quarter for the world's largest retailer thanks in part to strong online grocery deliveries. Sales...

Anxious stock markets slide

Aug 14, 2019 / 7:08 pm

The threat of a recession doesn't seem so remote anymore for investors in financial markets. The yield on the closely watched 10-year Treasury fell so low...

Oil, gas oversight lacking

Aug 14, 2019 / 2:37 pm

A new report says British Columbia's Oil and Gas Commission isn't taking action that would protect the environment in the public interest, favouring...

Air Can launches new A220

Aug 14, 2019 / 10:37 am

Canada's largest airline aims to boost its presence in the U.S. with a pair of Airbus A220 jetliners on two new non-stop routes between Montreal and Seattle...

Ford's transmission woes

Aug 14, 2019 / 10:00 am

Ford is extending the warranties on about 560,000 small cars in the U.S. and Canada to cover a litany of problems with a troubled six-speed automatic...

Exxon fined for near miss

Aug 14, 2019 / 9:57 am

Nova Scotia's offshore regulator has fined ExxonMobil Canada Ltd. $40,000 after a "near miss" incident last fall that saw a chain dropped on the...

Flights resume at airport

Aug 14, 2019 / 9:05 am

Flights resumed Wednesday at Hong Kong's airport after two days of disruptions that descended into clashes with police, highlighting the hardening positions...

Recession fears hit stocks

Aug 14, 2019 / 7:43 am

Stocks sank Wednesday after the bond market threw up one of its last remaining warning flags on the economy. The yield on the 10-year Treasury briefly dropped...

Canadian pension solid

Aug 14, 2019 / 7:16 am

The Canada Pension Plan Investment Board says it earned a return of 1.1 per cent, net of its costs in its most recent quarter. Chief executive Mark Machin says...

Tilray reports $35.1M loss

Aug 14, 2019 / 6:37 am

Cannabis company Tilray Inc. reported a loss in its latest quarter as revenue soared compared with a year ago before legalization of the recreational market in...

Airline ends trans-Atl flights

Aug 14, 2019 / 6:22 am

Norwegian Air says it's ending trans-Atlantic service between Ireland and three U.S. and Canadian airports because the grounding of Boeing 737 Max aircraft...

Indigo reports $19M loss

Aug 13, 2019 / 3:52 pm

Indigo Books & Music Inc. reported a sales drop and a larger net loss for its first quarter. The Toronto-based company says its revenue totalled $192.6...

CBS, Viacom reunite

Aug 13, 2019 / 2:05 pm

The newly combined ViacomCBS will invest in more movies and TV shows and try to sell more advertising as it seeks to become a bigger player in the growing...

Mill workers set to rally

Aug 13, 2019 / 10:43 am

It’s been nearly a month since Mackenzie’s Canfor sawmill shut down indefinitely and two weeks since a temporary curtailment on its Conifex mill was...

US backs off on China tariffs

Aug 13, 2019 / 9:53 am

The United States is delaying tariffs on Chinese-made cellphones, laptop computers and other items and removing other Chinese imports from its target list...

Pilots lose retirement appeal

Aug 12, 2019 / 10:26 am

The Federal Court of Appeal has dismissed a legal challenge by former Air Canada pilots who claimed that the company was wrong to force some to retire at age...

Lyft coming to Vancouver

Aug 12, 2019 / 10:24 am

Ride-hailing company Lyft says it plans to be operating in Vancouver before the end of this year. The Passenger Transportation Board in B.C. has yet to unveil...

Barrick reports $194M profit

Aug 12, 2019 / 6:30 am

Barrick Gold Corp. reported a second-quarter profit of US$194 million compared with a loss of US$94 million a year ago. The gold miner, which keeps its books in...

Pattison wants all of Canfor

Aug 12, 2019 / 6:25 am

Jim Pattison's Great Pacific Capital Corp. has made an offer to buy the rest of Canfor Corp. it does not already own for $16 per share. Shares in Canfor...

Air Canada ups Transat bid

Aug 12, 2019 / 6:22 am

Air Canada will spend more to buy Transat A.T. Inc., the airline announced Sunday, saying it has upped the total offer by $200 million to win the support of the...