Business News

Teck Resources to electrify its haul fleet

Jan 27, 2022 / 10:43 am

Teck Resources Limited has struck a deal with Caterpillar Inc. to buy up to 30 of Caterpillar’s zero-emissions large haul trucks for its mining...

Zymeworks seeks to raise US$100m after month of upheaval

Jan 27, 2022 / 10:41 am

B.C. biotech Zymeworks Inc. (NYSE:ZYME) is seeking to raise US$100 million through a public offering after facing a tumultuous month that saw its co-founder...

Rogers Communications profit down from year ago, but revenue up

Jan 27, 2022 / 7:19 am

Rogers Communications Inc. reported a fourth-quarter profit of $405 million, down from $449 million in the same quarter last year, while revenue rose. The...

Global stocks sink after Fed says US rates will rise 'soon'

Jan 27, 2022 / 6:57 am

Global stock markets and Wall Street futures sank Thursday after the Federal Reserve indicated it will raise interest rates soon to cool inflation. London and...

Uber Canada signs deal with union offering workers dispute representation

Jan 27, 2022 / 6:55 am

Uber Technologies Inc. has signed an agreement with a private sector union that will provide representation to Canadian drivers and couriers, but does not...

Fed plans to raise rates starting in March to cool inflation

Jan 26, 2022 / 8:14 pm

The U.S. Federal Reserve signaled Wednesday that it will begin a series of interest-rate hikes in March, reversing pandemic-era policies that have fueled hiring...

Moderna begins testing omicron-matched COVID shots in adults

Jan 26, 2022 / 3:50 pm

Moderna has begun testing an omicron-specific COVID-19 booster in healthy adults. The company announced Wednesday that the first participant had received a...

Dark Web marketplace taken down after CRTC levies anti-spam penalties

Jan 26, 2022 / 12:33 pm

Canada's broadcasting regulator says a prominent Dark Web marketplace has been taken off-line after it levied $300,000 in fines against four individuals...

Picasso heirs launch digital art piece to ride 'crypto' wave

Jan 26, 2022 / 11:29 am

Pablo, meet Crypto. Heirs of Pablo Picasso, the famed 20th-century Spanish artist, are vaulting into 21st-century commerce by selling 1,010 digital art pieces...

Canadian auto production last year hit lowest level since 1967

Jan 26, 2022 / 10:24 am

DesRosiers Automotive Consultants says Canada produced just over 1.1 million light vehicles last year for the lowest level of production since 1967. The low...

S&P/TSX composite up more than 250 points, U.S. markets also trading higher

Jan 26, 2022 / 9:19 am

Canada's main stock index rebounded in late-morning trading as the Bank of Canada held its key interest rate target steady, while U.S. stock markets also...

Reitmans announces new online marketplace after emerging from creditor protection

Jan 26, 2022 / 9:18 am

Fresh off the heels of creditor protection, Reitmans (Canada) Ltd. has announced plans to launch an online marketplace for women's clothing. The...

Bank of Canada keeps key interest rate target on hold, but warns of looming hikes

Jan 26, 2022 / 7:18 am

The Bank of Canada is keeping its key interest rate target on hold at 0.25 per cent, but warning it won't stay there for much longer. The trendsetting rate...

TD Bank hiring 2,000 new technology employees amid growing demand for skilled workers

Jan 26, 2022 / 7:00 am

TD Bank Group says it plans to hire over 2,000 people to fill new technology roles this year. The bank says the new positions will focus on technologies and...

CFIB urges Ottawa to reverse trucker vaccine rule amid driver shortage, higher costs

Jan 26, 2022 / 6:56 am

Canada's largest association of small and medium-sized businesses is urging the federal government to reverse its policy banning unvaccinated truck drivers...

CN Rail names Tracy Robinson as new chief executive

Jan 25, 2022 / 3:44 pm

Canada's largest railway has named a longtime former rival as its new president and CEO to succeed embattled chief executive J.J. Ruest as the company looks...

Digital giants must pay media for using news: Heritage Minister Pablo Rodriguez

Jan 25, 2022 / 2:22 pm

Heritage Minister Pablo Rodriguez says the government is pressing ahead with plans to ensure digital giants pay Canadian media outlets for reusing their news...

Travellers share headaches, from lost bags to cancelled flights

Jan 25, 2022 / 10:19 am

Numerous travellers have shared horror stories about recent experiences with Canadian airlines. And while some of the passengers were issued refunds or booked...

IMF cuts world, Canadian growth in 2022 forecast due to omicron, other woes

Jan 25, 2022 / 9:25 am

The International Monetary Fund is downgrading its forecast for the world economy this year, citing the spread of COVID-19's omicron variant, higher energy...

Stocks fall sharply as a bout of market volatility continues

Jan 25, 2022 / 9:24 am

Stocks fell sharply on Wall Street Tuesday, continuing a volatile bout of trading that has sent markets swinging between steep losses and gains as investors...