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Business News

Crude-by-rail shipments jumped in last half of 2023 as Alberta's oil output grows

Crude-by-rail shipments jumped in last half of 2023 as Alberta's oil output grows

Feb 26, 2024 / 6:25 pm

Canadian crude-by-rail shipments nearly doubled in volume in the last six months of 2023, as oil output from Alberta surged to all-time highs and the Trans...

Some cellphone plans not as cheap as they were before Rogers-Shaw merger: watchdog

Some cellphone plans not as cheap as they were before Rogers-Shaw merger: watchdog

Feb 26, 2024 / 1:31 pm

Certain cellphone plans in Western Canada are not as cheap as they once were prior to the Rogers-Shaw merger, Canada's competition watchdog says. Jeanne...

Air Transat will avoid strike after flight attendants approve collective agreement

Air Transat will avoid strike after flight attendants approve collective agreement

Feb 26, 2024 / 1:28 pm

The risk of a strike at Air Transat has lifted as flight attendants have voted in favour of a new collective agreement. The 2,100 flight attendants voted 62.7...

Lynx Air owes Ottawa $25-million in taxes and millions more to suppliers

Lynx Air owes Ottawa $25-million in taxes and millions more to suppliers

Feb 26, 2024 / 1:26 pm

Lynx Air, which shut down on Sunday after receiving court protection from creditors, owes $25-million in taxes to the federal government and millions more to...

Rare case containing coveted Wayne Gretzky rookie cards sells for $3.7M

Rare case containing coveted Wayne Gretzky rookie cards sells for $3.7M

Feb 26, 2024 / 10:41 am

A case of old hockey cards containing the game's Great One has fetched more than $3.7 million after it was uncovered in a Regina home. Heritage Auctions...

US sues to block merger of grocery giants Kroger and Albertsons, saying it could push prices higher

US sues to block merger of grocery giants Kroger and Albertsons, saying it could push prices higher

Feb 26, 2024 / 9:43 am

The Federal Trade Commission sued to block a proposed merger between grocery giants Kroger and Albertsons, saying the $24.6 billion deal would eliminate...

Sideways moon landing cuts mission short, private lunar lander expected to cease operations Tuesday

Sideways moon landing cuts mission short, private lunar lander expected to cease operations Tuesday

Feb 26, 2024 / 7:42 am

A private lunar lander is expected to cease operations Tuesday, its mission cut short after landing sideways near the south pole of the moon. Intuitive...

Banking sector worries ease ahead of Q1 results, but relief still a ways off

Banking sector worries ease ahead of Q1 results, but relief still a ways off

Canada Feb 26, 2024 / 7:19 am

Stock markets may be hovering around record highs internationally, but Canadian bank shares haven't seen as much momentum as they head into first-quarter...

Germany plans to enable underground storage of carbon dioxide at offshore sites

Germany plans to enable underground storage of carbon dioxide at offshore sites

Germany Feb 26, 2024 / 5:58 am

Germany plans to enable underground carbon storage at offshore sites, pushing ahead with a much-discussed technology in an acknowledgement that time is running...

Amazon joins 29 other 'blue chip' companies in the Dow Jones Industrial Average

Amazon joins 29 other 'blue chip' companies in the Dow Jones Industrial Average

Feb 26, 2024 / 5:47 am

Amazon.com Inc. is joining the ranks of one of Wall Street's oldest and most exclusive stock indexes: The Dow Jones Industrial Average. The e-commerce...

'Rewarding you for the stuff you buy': How personalized offers shape grocery shopping

'Rewarding you for the stuff you buy': How personalized offers shape grocery shopping

Feb 26, 2024 / 5:36 am

When Diana Skakavac scrolls grocery store loyalty apps, she's always looking for her "unicorn": personalized offers for Tide laundry powder....

Cargojet reports Q4 loss compared with profit a year earlier, revenue down

Cargojet reports Q4 loss compared with profit a year earlier, revenue down

Feb 26, 2024 / 5:27 am

Cargojet Inc. reported a loss in its latest quarter compared with a profit a year earlier as its revenue fell. The air cargo company says it had a net loss of...

Have a cancelled Lynx Air flight? Here's what to know about getting a refund

Have a cancelled Lynx Air flight? Here's what to know about getting a refund

Feb 23, 2024 / 12:38 pm

Many passengers booked to fly on Lynx Air have been left scrambling after the discount air carrier announced it was ceasing operations on Feb. 26. The company...

Alberta regulator accepts Rockies coal mine application, will call public hearing

Alberta regulator accepts Rockies coal mine application, will call public hearing

Alberta Feb 23, 2024 / 10:01 am

Alberta's energy regulator says it will accept an application and open hearings into a controversial open-pit coal mine on the southern slopes of the...

Indigenous firms, First Nation to create investment dealer with Scotiabank

Indigenous firms, First Nation to create investment dealer with Scotiabank

Feb 23, 2024 / 7:12 am

Two Indigenous development corporations and one First Nation have partnered with Scotiabank to create a new Indigenous-owned investment dealer. Cedar Leaf...

AT&T says the outage to its US cellphone network was not caused by a cyberattack

AT&T says the outage to its US cellphone network was not caused by a cyberattack

United States Feb 23, 2024 / 5:47 am

AT&T said the hourslong outage to its U.S. cellphone network Thursday appeared to be the result of a technical error, not a malicious attack. The outage...

Why Canadians see the biggest grocers as the villains of food inflation

Why Canadians see the biggest grocers as the villains of food inflation

Feb 23, 2024 / 5:46 am

Galen Weston may not be the president of grocery giant Loblaw anymore, but you wouldn’t know that based on how often his name and face appear in...

Vice Media says 'several hundred' staff members will be laid off, Vice.com news site shuttered

Vice Media says 'several hundred' staff members will be laid off, Vice.com news site shuttered

New York Feb 22, 2024 / 7:31 pm

Vice Media plans to lay off several hundred employees and no longer publish material on its Vice.com website, the company's CEO said in a memo to staff...

Suncor reverses workplace injury trend, reports 2023 was company's safest year ever

Suncor reverses workplace injury trend, reports 2023 was company's safest year ever

Feb 22, 2024 / 5:55 pm

Oilsands giant Suncor Energy Inc., which has been heavily criticized in recent years for an abnormally high number of workplace deaths at its sites, reported...

Private lander makes first US moon landing in more than 50 years, but signal weak

Private lander makes first US moon landing in more than 50 years, but signal weak

The Moon Feb 22, 2024 / 5:43 pm

A private lander on Thursday made the first U.S. touchdown on the moon in more than 50 years, but managed just a weak signal back as flight controllers...

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