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Business News Last 7 days

Telus launches kids fund

Oct 20, 2018 / 7:42 am

Telus Corp. is donating $120 million to launch a foundation that helps vulnerable youth. Telus president Darren Entwistle says the foundation will give...

Swoop's big oops

Oct 19, 2018 / 4:54 pm

Thousands of Swoop passengers have been forced to make alternative last-minute flight plans after the WestJet Airlines discount subsidiary cancelled 16 flights...

Calgary opens drone park

Oct 19, 2018 / 4:53 pm

The sky's the limit as Calgary opens what it believes is the first testing area in Canada for drones, autonomous vehicles and other technologies. The city...

SpaceX delays launch

Oct 19, 2018 / 4:43 pm

There's been another delay in the launch of Canada's three Earth-observation satellites known as the RADARSAT Constellation. The satellites, which will...

'Ridiculous' quotas panned

Oct 19, 2018 / 10:37 am

Canada is not about to agree to quotas or other limits on its exports in order to get the United States to lift punishing tariffs on steel and aluminum, says a...

Stantec out of construction

Oct 19, 2018 / 10:33 am

Canadian engineering-design giant Stantec Inc. is selling its construction arm in a much-anticipated deal following a review begun last spring of how to best...

Rogers profits up

Oct 19, 2018 / 5:22 am

Rogers Communications Inc. says it had a net income of $594 million in the third quarter for a 17 per cent increase from the same quarter last year as it...

CPR record revenues

Oct 18, 2018 / 2:14 pm

Canadian Pacific Railway Ltd. says it earned the highest adjusted per-share profits and revenues of its 137-year history last quarter, helping the country's...

BC Fed boss stepping down

Oct 18, 2018 / 2:04 pm

BC Federation of Labour president Irene Lanzinger has announced she will not seek a third term as leader of British Columbia's largest organization...

First-time buyers maxed out

Oct 18, 2018 / 9:37 am

A majority of first-time homebuyers say they maxed out their budgets when they bought their homes, according to a survey released today by the Canada Mortgage...

Trucking industry changing

Oct 18, 2018 / 8:05 am

Nachhattar Singh Chohan lived in Canada eight years before he tried his hand at trucking. A former brake plant worker and gas station attendant with farming...

Mortgage: locked or not?

Oct 18, 2018 / 8:02 am

Homeowners with variable-rate mortgages have seen their rates rise over the past year as the Bank of Canada has raised its key interest rate target four times....

Aurora Cannabis on NYSE

Oct 18, 2018 / 5:40 am

Shares in Aurora Cannabis Inc. will begin trading on the New York Stock Exchange next week. The marijuana company says it has been approved for listing on the...

Consumer debt on rise

Oct 17, 2018 / 5:01 pm

Equifax Canada, one of two Canadian credit bureaus, warns that delinquency rates could rise in the coming months thanks to a variety of factors. Increased...

Ebay sues Amazon

Oct 17, 2018 / 4:40 pm

Ebay filed a lawsuit against Amazon Wednesday, saying the online retail giant used eBay's messaging system to steal its sellers. In the lawsuit, eBay said...

KM posts $1.35B income

Oct 17, 2018 / 2:40 pm

Kinder Morgan Canada Ltd. is reporting third-quarter net income of $1.35 billion, although most of that is a one-time gain from the sale of its Trans Mountain...

MEG rejects Husky takeover

Oct 17, 2018 / 2:38 pm

MEG Energy Corp. says its board is unanimously recommending that shareholders reject Husky Energy Inc.'s $3.3-billion hostile takeover offer made on Oct. 2....

100 pot orders per minute

Oct 17, 2018 / 10:15 am

Shopify Inc. says the Canadian online cannabis stores powered by its e-commerce software are seeing more than 100 orders per minute. The Ottawa-based...

Curious, confused: cannabis

Oct 17, 2018 / 7:47 am

Nova Scotia rapper Classified has vouched for smoking marijuana for years, but he says Canada's new legalization laws have left him confused over the ways...

Mulroney on pot co. board

Oct 17, 2018 / 7:01 am

Former prime minister Brian Mulroney is joining the board of directors of an American cannabis company. Acreage Holdings, one of the largest vertically...

Fired over 'Chubby' jibe

Oct 17, 2018 / 6:50 am

A franchise owner of a North Carolina Wendy's says an employee who called a customer "Chubby" on an order has been fired. News outlets report the...

Tesla to build in Shanghai

Oct 17, 2018 / 6:44 am

Electric auto brand Tesla signed an agreement Wednesday to secure land in Shanghai for its first factory outside the United States, pushing ahead with...

YouTube down for an hour

Oct 17, 2018 / 5:42 am

YouTube's video streaming service went out for more than an hour on Tuesday, apparently affecting locations around the world. YouTube acknowledged the...

US housing starts sink

Oct 17, 2018 / 5:39 am

U.S. home construction fell 5.3 per cent in September, a sign that rising mortgage rates may be weighing on the market. The Commerce Department says that...

YouTube back after outage

Oct 16, 2018 / 7:42 pm

UPDATE: 7:40 p.m. Youtube is back in service. Videos appear to be playing as normal, as of 7:40 p.m. The site has yet to say what caused the global outage. ...

Health tax moves ahead

Oct 16, 2018 / 12:18 pm

The B.C. government is pressing ahead with its plan to eliminate Medical Services Plan premiums and replace them with an employer health tax. The Employer...

Uber could be worth $120B

Oct 16, 2018 / 10:09 am

Uber may put forth an initial public offering early next year that values the ride-hailing business at as much as $120 billion, according to a media report. The...

Bombardier on track

Oct 16, 2018 / 10:03 am

Bombardier Inc. announced Tuesday it is on track to meet its target for business aircraft deliveries for the year, as a lengthening order backlog points to...

Bacteria recall on Ensure

Oct 16, 2018 / 9:47 am

Abbott Nutrition is recalling a number of its canned nutritional beverages due to possible bacterial contamination. The Chicago-based company is recalling...

Zillow coming to Canada

Oct 16, 2018 / 7:05 am

U.S. real estate website Zillow is expanding to offer listings for homes in Canada for sale. Zillow says it has agreements to receive more than 50,000 listings...

How the mighty have fallen

Oct 16, 2018 / 5:29 am

Before there was Amazon — or, for that matter, Home Depot or Walmart or Kmart — there was Sears. From its beginnings as a mail-order watch business...

Harry's hones in on women

Oct 16, 2018 / 5:12 am

Harry's has carved out a niche selling men shaving razors direct to their doors, elbowing in on an industry long dominated by names like Gillette and...

Microsoft co-founder dies

Oct 15, 2018 / 5:00 pm

UPDATE: 5 p.m. Paul G. Allen, who co-founded Microsoft with his childhood friend Bill Gates before becoming a billionaire philanthropist who invested in...

Businesses under attack

Oct 15, 2018 / 1:06 pm

More than one in five Canadian companies say they were impacted by a cyberattack last year, with businesses spending $14 billion on cybersecurity as they...

Automated cars, job killer

Oct 15, 2018 / 11:40 am

Internal government documents say more than one million jobs could be lost to the coming boom in automated vehicles, with ripple effects far beyond the...

Bracing for online pot rush

Oct 15, 2018 / 11:35 am

As many as 100 locations across the country may be ready to sell cannabis on Wednesday when recreational pot is legalized across the country, but most...

Court tosses lawsuit

Oct 15, 2018 / 7:22 am

A federal court in New Jersey has dismissed a lawsuit brought by the widow of automaker John DeLorean over royalties stemming from the "Back to the...

Own a piece of the Colonel

Oct 15, 2018 / 7:19 am

Some items given to Colonel Harland Sanders' driver and friend are being auctioned next month, including one of the Kentucky Fried Chicken founder's...

Home sales drop in fall

Oct 15, 2018 / 7:09 am

The Canadian Real Estate Association says home sales in September fell 0.4 per cent compared with August. The association says it was the first month-over-month...

Canopy Growth , growing

Oct 15, 2018 / 5:35 am

Canopy Growth Corp. has signed a deal to buy Ebbu Inc., a Colorado-based hemp researcher, in a stock-and-cash deal worth more than $425 million. Under the...

Sears files for Chapter 11

Oct 15, 2018 / 5:29 am

Sears filed for Chapter 11 bankruptcy protection Monday, buckling under its massive debt load and staggering losses. The question now is whether a smaller...

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