Business News

50-year low in jobless

Apr 11, 2019 / 3:58 pm

The fewest people in nearly 50 years sought unemployment benefits last week, a sign of a strong job market and an unusually low level of layoffs. Yet the...

Fewer players in oil & gas

Apr 11, 2019 / 3:15 pm

A lack of capital for drilling coupled with rising exploration costs make it unsurprising that fewer players are operating in Western Canada's oil and gas...

Few granted DPAs

Apr 11, 2019 / 12:38 pm

It was a sunny Wednesday in March, and Neil Bruce was making his case forwhy SNC-Lavalin Group Inc. deserved a negotiated settlement over corruption charges...

Helping kids buy home?

Apr 11, 2019 / 9:26 am

Buying a home is a big step for anyone and experts say that parents looking to help their children need to make sure it is affordable and that their children...

Turbulence at TransAlta

Apr 11, 2019 / 9:24 am

Activist shareholders say they're withholding support for three of TransAlta Corp.'s directors at the upcoming annual meeting to protest a $750-million...

MTY buying Papa Murphy's

Apr 11, 2019 / 9:22 am

MTY Food Group Inc. has signed an agreement to acquire Papa Murphy's Holdings Inc. in a deal it valued at roughly US$190.0 million or C$253.2 million,...

Rogers buys up frequencies

Apr 10, 2019 / 6:56 pm

Rogers Communications will spend $1.72 billion to acquire spectrum licences from the federal government, making it by far the biggest spender in a hard-fought...

Boeing shareholders misled?

Apr 10, 2019 / 4:40 pm

A Boeing shareholder is suing the company for allegedly hiding problems with its 737 Max jet to push its shares higher. Shareholder Richard Seeks argues that...

Porter CEO hands over reins

Apr 10, 2019 / 4:14 pm

The founder of Porter Airlines is handing over his responsibilities as chief executive to his son to run the small airline that flies from its base at...

Rates expected to hold

Apr 10, 2019 / 3:07 pm

A majority of U.S. Federal Reserve officials last month believed that economic conditions would likely warrant keeping the Fed's benchmark policy unchanged...

Pot prices up big time

Apr 10, 2019 / 8:01 am

Statistics Canada says the average cost of a gram of dried cannabis has gone up by more than 17 per cent since legalization, with consumers in New Brunswick and...

US consumer prices rise

Apr 10, 2019 / 5:41 am

U.S. consumer prices climbed 0.4% in March, an increase caused mostly by higher costs for gasoline, electricity and shelter. The Labor Department says the...

Prince teams with Oprah

Apr 10, 2019 / 5:28 am

Kensington Palace says Britain's Prince Harry will be partnering with Oprah Winfrey to create a documentary series on mental health for Apple's new...

Boeing orders tumble

Apr 9, 2019 / 4:06 pm

Boeing failed to win any orders for its 737 Max airliner in March as scrutiny of the plane increased following a second deadly crash in less than five months....

C-69 gets a rough welcome

Apr 9, 2019 / 1:41 pm

A proposed federal bill that aims to change the way Ottawa assesses major energy projects was given a rough ride in Calgary on Tuesday. Representatives of...

Ghosn slams 'conspiracy'

Apr 9, 2019 / 8:40 am

Nissan's former Chairman Carlos Ghosn maintained his innocence in a video released by his legal team Tuesday and accused some executives at the Japanese...

Passengers compensated

Apr 9, 2019 / 8:27 am

The Canadian Transportation Agency has ordered Sunwing Airlines Inc. to compensate more than 16,000 passengers and pay a $694,500 fine due to widespread service...

'Game of Thrones' betting

Apr 9, 2019 / 8:20 am

Where most "Game of Thrones" fans were horrified by the beheading of the beloved Ned Stark and blamed it on a ruthless king, Columbia University...

Ballard inks ferry deal

Apr 9, 2019 / 6:35 am

Vancouver's Ballard Power Systems, Inc. has signed a deal to provide the power modules for a hybrid ferry in Norway. Financial terms of the agreement with...

Shaw reports profit

Apr 9, 2019 / 5:56 am

Shaw Communications Inc. reported a second-quarter profit of $155 million compared with a loss of $175 million a year earlier. The company says the profit...