Business News

Robinhood hits Wall Street

Jul 29, 2021 / 12:12 pm

Robinhood made its own leap into the stock market Thursday, the one it helped reshape by bringing millions of new investors to Wall Street, and its initial...

Domtar approves takeover

Jul 29, 2021 / 9:24 am

Domtar Corp. shareholders have overwhelmingly approved a takeover of the paper producer by B.C.-based Paper Excellence. More than 81 per cent of outstanding...

Molson Coors profits way up

Jul 29, 2021 / 8:05 am

Molson Coors Beverage Co. beat expectations as its net income nearly doubled in its latest quarter on its best revenue growth in more than a decade. The...

Russian lab docks in space

Jul 29, 2021 / 8:05 am

Russia’s long-delayed lab module successfully docked with the International Space Station on Thursday, eight days after it was launched from the Russian...

Second-hand goods, gold?

Jul 29, 2021 / 7:55 am

Canadians who rooted around dusty basements or tackled overflowing closets during the pandemic are keeping vintage stores, auction houses and resale websites...

US economy accelerates

Jul 29, 2021 / 6:27 am

Fueled by vaccinations and government aid, the U.S. economy grew at a solid 6.5% annual rate last quarter in another sign that the nation has achieved a...

American ingenuity on TV

Jul 29, 2021 / 6:27 am

Come, young ones: Gather around the glow of the smartphone's screen for a tale of a distant time when we watched TV on big boxy machines, and switched...

Delta looms over economy

Jul 28, 2021 / 6:15 pm

The spread of the COVID-19 delta variant is raising infections, leading some companies and governments to require vaccinations and raising concerns about the...

Cannabis co. sues NFL star

Jul 28, 2021 / 1:40 pm

Tennessee Titans wide receiver Julio Jones is facing allegations of illegally harvesting and selling millions of dollars of cannabis in California, according to...

A&W sales surge

Jul 28, 2021 / 9:00 am

A&W Revenue Royalties Income Fund says its same-store sales surged nearly 34 per cent in its latest quarter from the prior year when it faced the most...

Iran criticizes US

Jul 28, 2021 / 7:13 am

Iran's supreme leader on Wednesday called the U.S. "stubborn" in stalled nuclear talks in Vienna for discussing Tehran’s missiles and...

Tilray profits after merger

Jul 28, 2021 / 6:33 am

Tilray Inc. reported a US$33.6 million profit in the same quarter the cannabis company merged with rival Aphria Inc. The fiscal fourth-quarter profit was a...

Inflation hits 3.1% in June

Jul 28, 2021 / 6:31 am

Statistics Canada says the annual rate of inflation hit 3.1 per cent in June. The reading for the consumer price index is down from the 3.6 per cent recorded in...

Loblaw profit soars

Jul 28, 2021 / 6:17 am

Loblaw Companies Ltd. says its second-quarter profit soared on a 4.5 per cent increase in revenues as it marked a year since it posted heightened sales and...

Lower river flow sought

Jul 27, 2021 / 9:55 am

Catalyst Paper is seeking permission from senior governments to lower the flows from Cowichan Lake into the Cowichan River to ensure there is enough water until...

Facebook paying for news

Jul 27, 2021 / 9:26 am

Three more Canadian publishers have joined a Facebook Inc. program that involves the tech giant doling out cash for news content used on its platform. Facebook...

US home prices soaring

Jul 27, 2021 / 9:24 am

Prices for U.S. homes rose faster in May than they have in 17 years as surging demand for housing outstripped the supply. The S&P CoreLogic Case-Shiller...

Disney closing stores

Jul 27, 2021 / 9:22 am

Walt Disney Co. is expected to close most of its Canadian stores this summer as part of the company's broader plan to focus on its e-commerce business and...

Teck profit surges

Jul 27, 2021 / 9:20 am

Teck Resources Ltd. missed expectations despite posting much stronger second-quarter results, with revenues more than doubling amid improving market conditions....

CBSA votes to strike

Jul 27, 2021 / 8:49 am

A union representing about 9,000 Canadian Border Service Agency workers says its members have voted in favour of striking, jeopardizing the federal...