Business News

Fiat Chrysler to cut 1,500

Feb 27, 2020 / 2:48 pm

Fiat Chrysler Automobiles is cutting the third shift at its Windsor Assembly Plant beginning June 29. The automaker says it notified Unifor Thursday about the...

Port warns of virus woes

Feb 27, 2020 / 1:12 pm

The head of Canada’s largest port says the novel coronavirus is eating into trade following a year that saw cargo volumes dip. Vancouver Fraser Port...

Markets plunge again

Feb 27, 2020 / 11:33 am

North American stock markets plunged for another day as cases of the novel coronavirus which began in China continued to spread around the world and raise...

Maple Leaf: $17.5M profit

Feb 27, 2020 / 9:53 am

Maple Leaf Foods Inc. increased its dividend as it reported a fourth-quarter profit of $17.5 million. The company says it will now pay a quarterly dividend of...

TD Bank raises dividend

Feb 27, 2020 / 9:52 am

TD Bank Group raised its dividend but fell short of expectations as it reported a first-quarter profit of $3 billion, up from $2.4 billion in the same quarter...

Big mall still half empty

Feb 27, 2020 / 9:51 am

The New Horizon Mall just north of Calgary says it will finally exceed 50 per cent retail tenant occupation nearly two years after opening thanks to the...

Car2Go leaves Canada

Feb 27, 2020 / 9:47 am

The car-sharing company formerly known as Car2Go is closing up shop in North America on Saturday, taking with it valuable data for automakers looking to the...

Husky Energy shares fall

Feb 27, 2020 / 9:14 am

Shares in Husky Energy Inc. fell by as much as 11.7 per cent on Thursday morning in Toronto after it reported fourth-quarter results that matched analyst...

Scramble to rebook vacation

Feb 27, 2020 / 8:39 am

Hugh Ji had been looking forward to returning home to South Korea with his Canadian wife and two of their friends for a trip that included stops in Seoul and a...

Delta reduces Korea flights

Feb 27, 2020 / 6:16 am

Delta Air Lines is reducing flights to South Korea while Hawaiian Airlines will suspend them entirely, as airlines deal with growing concern about the spread of...

Lowe's disappoints in sales,

Feb 26, 2020 / 4:03 pm

Lowe's Cos. on Wednesday reported weaker-than-expected sales for its fiscal fourth quarter and offered an annual forecast that came below Wall Street...

Markets reverse some losses

Feb 26, 2020 / 10:52 am

North American stock markets moved higher in late-morning trading, regaining some of the ground lost in recent days as investors sold off stocks amid concerns...

Data breach cost $108M

Feb 26, 2020 / 10:43 am

The Desjardins Group says last year's theft of the personal data of its 4.2 million members ultimately cost the co-operative $108 million. The Quebec-based...

Torstar reports Q4 profit

Feb 26, 2020 / 8:49 am

Torstar Corp. reported a profit in its fourth-quarter, boosted by one-time gains related to its pension plans and the sale of two real estate properties in...

CIBC aims to simplify

Feb 26, 2020 / 7:12 am

Canadian Imperial Bank of Commerce is in the midst of an overhaul involving job losses and a slew of new faces in top roles with a goal of simplifying the bank....

In court over oilsands

Feb 26, 2020 / 6:54 am

Alberta government lawyers are to be in a Calgary court today to ask for a stay of an order requiring it to make a decision on a proposed oilsands project near...

Nygard leaves in scandal

Feb 26, 2020 / 6:47 am

Canadian fashion mogul Peter Nygard is stepping down as chairman of his company following an FBI raid on his Manhattan headquarters over sex assault...

AirCan scrubs China flights

Feb 25, 2020 / 2:30 pm

Air Canada is extending its cancellation of all flights between Canada and China to April 10 due to the novel coronavirus epidemic, following the lead of its...

Virus fuels market bloodbath

Feb 25, 2020 / 1:30 pm

Canada's main stock index suffered its worst day in four-and-a-half years as it fell by triple digits for a third straight day amid growing concerns about...

'Digital contingency'

Feb 25, 2020 / 1:18 pm

The country's central bank plans to lay the foundation for its own digital currency as a backstop should the day arise where cash is no longer king, a Bank...