Business News
Boeing posts a $355 million loss as the plane maker tries to dig out from under its latest crisis
Boeing said Wednesday that it lost $355 million on falling revenue in the first quarter, another sign of the crisis gripping the aircraft manufacturer as it...
Metro reports Q2 profit down from year ago, sales edged higher
Metro Inc. reported its second-quarter profit fell compared with a year ago as its sales edged higher. The food and drugstore retailer says it earned $187.1...
Statistics Canada reports February retail sales down 0.1% to $66.7 billion
Statistics Canada says retail sales fell 0.1 per cent to $66.7 billion in February, weighed down by lower sales at gasoline stations and fuel vendors. The...
Rogers Communications reports Q1 profit down from year ago, revenue up
Rogers Communications Inc. reported a first-quarter profit of $256 million, down from $511 million a year ago, as it faced higher depreciation and amortization...
Senate passes bill forcing TikTok's parent company to sell or face ban, sends to Biden for signature
The Senate passed legislation Tuesday that would force TikTok’s China-based parent company to sell the social media platform under the threat of a ban, a...
Phish fans are famously dedicated. What happens when they enter the Sphere?
Adele, Mariah Carey and Garth Brooks tower over the Las Vegas Strip, peering out from billboards advertising their various casino residencies. But the 20,000...
CN Rail profits fall alongside container shipment revenue
Canadian National Railway Co. says earnings slid last quarter amid higher labour costs and lower revenue from container shipments. The country's largest...
Tesla's first-quarter net income tumbles 55% as falling global sales and price cuts reduce profits
Tesla’s first-quarter net income plummeted 55% as falling global sales and price cuts sliced into the electric vehicle maker’s revenue and profit...
PepsiCo beats Q1 revenue forecasts as price increases moderate
PepsiCo reported better-than-expected revenue in the first quarter on strong international demand for its snacks and beverages. The Purchase, New York-based...
Equifax Canada testing use of rental payment data for credit scores
Equifax Canada is exploring how rent data could factor in to credit scores to help make credit and financial services accessible to more people. The agency said...
‘Trying not to die’: Tourism operators face heavy debt, even as business roars back
Maureen Gordon has weathered hard times before. She and her husband began running ecotourism outfit Maple Leaf Adventures out of Vancouver about a month before...
Vancouver's Nude Beverages sells ready-to-drink product line for $11M
Vancouver's Nude Beverages has sold its ready-to-drink (RTD) product line to Toronto-based alcohol conglomerate Corby Spirit and Wine Ltd. (TSX:CSW-A;...
Inequality worsening as wealth gap widens to highest since 2015: TD Bank report
The gap between the highest earners and lowest income groups last year was at its widest since 2015 as the wealthiest households saw income grow much faster...
Honda to build electric vehicles and battery plant in Ontario: sources
Honda Canada is set to build an electric vehicle battery plant near its auto manufacturing facility in Alliston, Ont., where it also plans to produce fully...
'Junk fees' or flexible flying? Passenger charges fuel profits — and travellers' ire
Jay Sorensen flies both business class and economy. While the differences between the two have always been stark — priority boarding and free alcohol are...
Critics question Liberals' falling cellphone price claims, budget promises
As the federal government touts measures meant to curb the cost of Canadians' cellphone bills, some say there is a disconnect between what consumers are...
Tim Hortons says proposed Roll Up the Rim class action suit has no merit
Tim Hortons says there's no merit to a proposed class action lawsuit regarding emails it sent out in error to participants in its popular Roll Up the Rim...
Lululemon cutting over 100 jobs in Washington distribution centre closure
Lululemon Athletica Inc. says it is cutting more than 100 jobs as it plans to close a distribution centre in Washington state. It says some employees at the...
Bitcoin's latest 'halving' has arrived. Here's what you need to know
The “miners” who chisel bitcoins out of complex mathematics are taking a 50% pay cut — effectively reducing new production of the...
Loblaw's 25 pallets of missing walnuts spur lawsuit
Silver Pacific Investments, which does business as SPI Logistics, is suing contractors for losing 25 pallets of President's Choice walnuts that its client,...