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Business News Last 7 days

TSX hits record high

Jun 22, 2018 / 2:58 pm

A leap in oil prices helped Canada's main stock index close at a record high Friday and also countered some of the negative pressure on the loonie from...

Shopify for BC bud

Jun 22, 2018 / 2:45 pm

The province has selected Shopify Inc. to provide an e-commerce platform for the online sale of non-medical cannabis in B.C. The Liquor Distribution Branch,...

Inflation steady at 2.2%

Jun 22, 2018 / 7:06 am

The country's annual inflation rate rose 2.2 per cent in May for the second straight month as the higher cost of energy applied upward pressure on prices,...

BlackBerry beats estimates

Jun 22, 2018 / 5:17 am

BlackBerry Ltd. says it had a net loss of US$60 million in its fiscal first quarter, up from the year-earlier loss of US$10 million, as a result of a number of...

Hidden owners targeted

Jun 21, 2018 / 4:31 pm

The B.C. government is taking steps to end opportunities to anonymously invest and hide wealth in real estate. Finance Minister Carole James says a new,...

Instagram's new IGTV

Jun 21, 2018 / 12:24 pm

Facebook's Instagram service is loosening its restraints on video in an attempt to lure younger viewers away from YouTube when they're looking for...

Summer's dangerous toys

Jun 21, 2018 / 10:24 am

A Boston-based consumer watchdog group has warned of the dangers to children of water balloon slingshots, lawn darts and other summer toys. Those playthings top...

Manulife cutting 700 jobs

Jun 21, 2018 / 10:17 am

Manulife Financial Corp. says it will cut its workforce by about 700 jobs as part of a wider restructuring of its operations as it makes a greater push to...

Dow $1.06B court award

Jun 21, 2018 / 6:58 am

A judge has awarded Dow Chemical Canada $1.06 billion in damages against Nova Chemicals Corporation in a dispute over a massive ethylene plant in central...

Indiscretion ousts Intel CEO

Jun 21, 2018 / 6:49 am

Intel CEO Brian Krzanich is resigning after the company learned of what it's calling a consensual relationship with an employee. Intel said Thursday that...

Wholesale sales up

Jun 21, 2018 / 6:24 am

Statistics Canada says wholesale sales gained 0.1 per cent to $63.1 billion in April. The small increase came as gains in machinery, equipment and supplies and...

ASA flight disruptors?

Jun 21, 2018 / 5:34 am

One of the world's fastest-growing airlines is spreading its wings to Canada this fall as Norwegian Air Shuttle ASA enters the country's increasingly...

$400M oilsands expansion

Jun 20, 2018 / 2:57 pm

Nexen Energy says it will spend about $400 million to build a 26,000-barrel-per-day expansion of its Long Lake oilsands project in northern Alberta. The...

TSX sets record

Jun 20, 2018 / 1:30 pm

UPDATE 1:30 p.m. Canada's main stock index closed at a record high Wednesday, boosted by a broad-based rally let by healthcare, energy, and consumer staples...

Tilray files for Nasdaq IPO

Jun 20, 2018 / 12:27 pm

Cannabis producer Tilray Inc. has filed for a proposed initial public offering on the Nasdaq stock exchange. The Nanaimo-based company says it has not...

Beer may lack fizz

Jun 20, 2018 / 12:26 pm

No beer at this time of year? A British trade group says there's a shortage of carbon dioxide in Northern Europe, sparking fears that drinks may lack fizz...

Disney ups bid for Fox

Jun 20, 2018 / 8:00 am

The mouse is chasing the fox. Disney is upping the ante for Fox, making a $70.3 billion counterbid for Fox's entertainment businesses following...

Big order for Bombardier

Jun 20, 2018 / 7:02 am

Bombardier Inc. says Delta Air Lines Inc. will buy 20 CRJ900 regional jets with a list price totalling about US$961 million. The actual price paid by Delta for...

Alexa, pay my bills?

Jun 20, 2018 / 5:28 am

Hey Alexa, what's my bank account balance? Big banks and financial companies have started to offer banking through virtual assistants — Amazon's...

Direct flight from YKA to TO

Jun 20, 2018 / 5:00 am

A direct flight to Toronto will come to the Kamloops Airport this summer. The seasonal Air Canada flight will begin on June 21 with direct service to the...

5G - what does it mean?

Jun 19, 2018 / 4:44 pm

A study commissioned by the Canadian Wireless Telecommunications Association lays out the potential benefits from the deployment of powerful, ultra-fast 5G...

Are you a 'data cow?'

Jun 19, 2018 / 4:42 pm

Artificial intelligence could give internet giants like Facebook and Amazon even more power to reshape the Canadian economy, threatening the viability of...

Best year ever for Ferries

Jun 19, 2018 / 2:20 pm

BC Ferries' year-end results show vehicle traffic was higher than ever last year, resulting in consolidated net earnings of $59.9 million. The company says...

Verizon a trailblazer

Jun 19, 2018 / 8:03 am

Verizon is pledging to stop sales through intermediaries of data that pinpoints the location of mobile phones to outside companies, the Associated Press has...

Air competition heats up

Jun 19, 2018 / 5:17 am

Competition is heating up for Canada's most price-sensitive travellers as WestJet Airlines gears up to launch the country's second ultra-low cost...

Class-action over breaches

Jun 18, 2018 / 12:46 pm

Proposed class-action lawsuits have been filed against Bank of Montreal and CIBC's direct banking division Simplii Financial over recently disclosed...

Magna plugs in to EVs

Jun 18, 2018 / 12:14 pm

Magna International Inc. says it will form two new joint ventures with a Chinese company to engineer and build electric vehicles. The Ontario-based auto parts...

Spade's funeral in birthplace

Jun 18, 2018 / 8:23 am

A funeral will be held for fashion designer Kate Spade this week in Kansas City, where she was born. The Kansas City Star reports that services for Spade are...

Builder optimism fades

Jun 18, 2018 / 7:28 am

U.S. homebuilders lowered their confidence for sales prospects as lumber prices rise amid the threat of potentially costly tariffs. The National Association of...

A deliberate oil spill

Jun 18, 2018 / 6:35 am

Researchers were in northwestern Ontario over the weekend spilling diluted oilsands bitumen and crude oil into a lake to study how the ecosystem, from microbes...

Audi CEO detained

Jun 18, 2018 / 5:11 am

German authorities on Monday detained the chief executive of Volkswagen's Audi division, Rupert Stadler, as part of a probe into the manipulation of...

Canadian biz this week

Jun 17, 2018 / 7:20 am

Five things to watch for in the Canadian business world in the coming week: Reading the BoC tea leaves Deputy Bank of Canada governor Lynn Patterson will speak...

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