Business News

Disney delays 'Indiana Jones 5,’ ‘Black Panther 2’ releases

Oct 18, 2021 / 10:44 am

The Walt Disney Co. is pushing back the release dates of many of its upcoming titles, including the untitled Indiana Jones movie and the Black Panther sequel...

Hudson's Bay sues Quebec retailer alleging trademark infringement of Zellers brand

Oct 18, 2021 / 10:18 am

Hudson's Bay Co. ULC is suing a Quebec retail family over the use of the Zellers brand. In a statement of claim filed in Federal Court, the company accuses...

Cryptocurrency exchange goes to court over phantom BC company

Oct 18, 2021 / 9:39 am

A pair of companies behind an international cryptocurrency exchange platform are taking Bitmex Exchange Ltd. to court, claiming the B.C.-registered firm is...

TransAlta wind farm in N.B. taken offline after tower collapse

Oct 18, 2021 / 9:24 am

TransAlta Renewables Inc. says it has temporarily taken a wind farm in New Brunswick offline after a tower collapse. The Calgary-based company says one of the...

Businesses see higher inflation, wages and job changes, Bank of Canada reports

Oct 18, 2021 / 7:36 am

New data from the Bank of Canada shows workers are more willing to leave their jobs in search of new work, and businesses working harder to attract talent....

China's economic growth weakens amid construction slowdown

Oct 18, 2021 / 7:27 am

China’s economic growth is sinking under pressure from a construction slowdown and power shortages, prompting warnings about a possible shock to its...

Hexo CEO Sebastien St-Louis leaves cannabis company amid reorganization

Oct 18, 2021 / 7:22 am

Hexo Corp. says Sebastien St-Louis, the cannabis company's co-founder and chief executive, is leaving the company, effective immediately. The change comes...

CMHC says annual pace of housing starts in Canada slowed in September

Oct 18, 2021 / 6:47 am

Canada Mortgage and Housing Corp. says the annual pace of housing starts in September fell compared with August. The national housing agency says the seasonally...

Survey finds next generation disinterested in taking over family business

Oct 18, 2021 / 4:00 am

Canadian entrepreneurs are concerned their offspring aren't ready or are unwilling to take over the family business. A report by the Family Enterprise...

Surveys show social progress set back by pandemic as mental health and debt worries grow

Oct 17, 2021 / 7:00 pm

The COVID-19 pandemic has set back British Columbians in a number of ways. Two new surveys show the vast majority believe low-income earners, women, minorities...

Restaurant workers struggle to enforce vaccine mandates

Oct 17, 2021 / 8:40 am

When a proof-of-vaccine policy was announced, Juliana Murphy knew it would be another burden she'd face at work. “I’ve had grown men yell and...

International Energy Agency forecasts decline in Canadian oil demand coming

Oct 16, 2021 / 7:05 am

Environment groups in Canada say governments and the oil and gas industry can no longer pretend there is an economic case for expanding oil production after the...

FDA panel endorses booster shot for J&J COVID-19 vaccine

Oct 15, 2021 / 10:44 am

A panel of U.S. health advisers endorsed booster doses of Johnson & Johnson’s single-shot COVID-19 vaccine Friday, saying they should be offered at...

Big Six banks join Mark Carney-led Net-Zero Banking Alliance

Oct 15, 2021 / 9:28 am

Canada's Big Six banks have together announced that they will join the Net-Zero Banking Alliance ahead of the UN climate summit set to start in Glasgow at...

S&P/TSX composite in record territory as oil tops US$82 a barrel

Oct 15, 2021 / 9:25 am

Canada's main stock index was in record territory as the energy and base metal sectors helped lift it higher in late-morning trading as the price of oil...

Resilient shoppers push US retail sales up 0.7% in September

Oct 15, 2021 / 9:18 am

Americans continued to spend at a solid clip in September even while facing sticker shock in grocery aisles, car lots and restaurants as snarled global supply...

Statistics Canada says wholesale sales up 0.3% at $70.3 billion in August

Oct 15, 2021 / 9:14 am

Statistics Canada says wholesale sales rose 0.3 per cent in August to $70.3 billion, the first increase following two months of declines. The agency says the...

Faster pace of inflation lasting longer than expected, says Bank of Canada head

Oct 15, 2021 / 7:30 am

The head of the Bank of Canada is warning that the faster pace of price increases may persist longer than first thought, and slow the pace of Canada's...

Drake invests in Toronto pot company Bullrider, becomes partner and strategic adviser

Oct 15, 2021 / 7:07 am

Drake has invested in a Toronto cannabis company months after his partnership ended with Canopy Growth Corp. Bullrider announced the rapper's involvement in...

Northern Ontario town says $500 land listings boosted house prices, drew families

Oct 15, 2021 / 6:56 am

A plan that saw a small town in northern Ontario offer vacant lots for as little as $500 has helped revive its economy, officials said Thursday, drawing dozens...