232808
234052

Business News

Senate passes bill forcing TikTok's parent company to sell or face ban, sends to Biden for signature

Senate passes bill forcing TikTok's parent company to sell or face ban, sends to Biden for signature

Apr 23, 2024 / 7:00 pm

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?

Phish fans are famously dedicated. What happens when they enter the Sphere?

Las Vegas Apr 23, 2024 / 6:27 pm

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

CN Rail profits fall alongside container shipment revenue

Apr 23, 2024 / 1:55 pm

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 tumbles 55% as falling global sales and price cuts reduce profits

Apr 23, 2024 / 1:54 pm

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 beats Q1 revenue forecasts as price increases moderate

Apr 23, 2024 / 11:24 am

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 testing use of rental payment data for credit scores

Apr 23, 2024 / 11:05 am

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

‘Trying not to die’: Tourism operators face heavy debt, even as business roars back

Canada Apr 23, 2024 / 5:51 am

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 sells ready-to-drink product line for $11M

Apr 22, 2024 / 4:48 pm

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

Inequality worsening as wealth gap widens to highest since 2015: TD Bank report

Apr 22, 2024 / 1:14 pm

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 to build electric vehicles and battery plant in Ontario: sources

Ontaio Apr 22, 2024 / 8:00 am

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

'Junk fees' or flexible flying? Passenger charges fuel profits — and travellers' ire

Canada Apr 22, 2024 / 6:15 am

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

Critics question Liberals' falling cellphone price claims, budget promises

Canada Apr 22, 2024 / 5:37 am

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 proposed Roll Up the Rim class action suit has no merit

Canada Apr 20, 2024 / 11:30 am

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 cutting over 100 jobs in Washington distribution centre closure

Apr 19, 2024 / 6:10 pm

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

Bitcoin's latest 'halving' has arrived. Here's what you need to know

Apr 19, 2024 / 5:54 pm

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

Loblaw's 25 pallets of missing walnuts spur lawsuit

Apr 19, 2024 / 4:19 pm

Silver Pacific Investments, which does business as SPI Logistics, is suing contractors for losing 25 pallets of President's Choice walnuts that its client,...

TC Energy reduces pressure on pipeline segment as rupture investigation continues

TC Energy reduces pressure on pipeline segment as rupture investigation continues

Alberta Apr 19, 2024 / 3:17 pm

TC Energy Corp. says it has reduced the pressure on a segment of its NGTL pipeline system in Alberta while an investigation continues into the cause of a...

TikTok testing Instagram-rival app TikTok Notes in Canada

TikTok testing Instagram-rival app TikTok Notes in Canada

Apr 19, 2024 / 12:37 pm

TikTok is testing an app that rivals Instagram in Canada. The social media company says TikTok Notes became available for download and "limited...

The Body Shop Canada explores sale as demand outpaces inventory: court filing

The Body Shop Canada explores sale as demand outpaces inventory: court filing

Apr 19, 2024 / 12:00 pm

The Body Shop Canada is exploring a sale as it struggles to get its hands on enough inventory to keep up with "robust" sales the retailer landed after...

Apple pulls WhatsApp and Threads from App Store on Beijing's orders

Apple pulls WhatsApp and Threads from App Store on Beijing's orders

China Apr 19, 2024 / 6:58 am

Apple said it had removed Meta’s WhatsApp messaging app and its Threads social media app from the App Store in China to comply with orders from Chinese...

235201
234338
232258
235441