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Business News

North American stock markets wrap up brutal quarter

North American stock markets wrap up brutal quarter

Jul 1, 2022 / 6:26 am

Allan Small says the first half of 2022 has proven to be the worst run of his 25-year investment career. Canada's main stock index concluded its weakest...

Compensation questions loom for Air Canada customers with cancelled flights

Compensation questions loom for Air Canada customers with cancelled flights

Jul 1, 2022 / 6:20 am

Consumer rights advocates are demanding Air Canada provide compensation to many of the hundreds of thousands of passengers whose summer flights it cancelled...

OPEC+ oil boost likely not much help to high gasoline prices

OPEC+ oil boost likely not much help to high gasoline prices

Jul 1, 2022 / 6:17 am

The OPEC oil cartel and allied producing nations decided Thursday to boost production of crude by an amount that will likely do little to relieve high gasoline...

WestJet 'proactively' removed flights from Pearson, anticipating summer travel snarls

WestJet 'proactively' removed flights from Pearson, anticipating summer travel snarls

Jun 30, 2022 / 11:07 am

The chief executive of WestJet Airlines Ltd. says it is flying 32 per cent fewer flights in and out of Toronto Pearson International Airport in July than it did...

Northeast B.C. geothermal project enters testing phase

Northeast B.C. geothermal project enters testing phase

Jun 30, 2022 / 9:59 am

A second round of water testing for Fort Nelson First Nation's geothermal power plan is expected by next week, ensuring groundwater in the region is...

S&P/TSX composite down more than 300 points, U.S. stock markets also retreat

S&P/TSX composite down more than 300 points, U.S. stock markets also retreat

Jun 30, 2022 / 9:40 am

Canada's main stock index was down more than 300 points in broad-based decline as commodity prices also fell and U.S. stock markets pulled back. The...

Air Canada stock nosedives after carrier slashes summer schedule

Air Canada stock nosedives after carrier slashes summer schedule

Jun 30, 2022 / 9:34 am

Air Canada's stock fell seven per cent in early morning trading after the carrier announced major cuts to its summer flight schedule. The Montreal-based...

New consumer protection rules for banks come into force

New consumer protection rules for banks come into force

Jun 30, 2022 / 6:46 am

The head of Canada's consumer protection watchdog for the finance industry says new rules for banks coming into force establish new standards of care. The...

Air Canada to slash summer flight schedule as airports face lengthy delays

Air Canada to slash summer flight schedule as airports face lengthy delays

Jun 30, 2022 / 6:24 am

Air Canada is cutting more than 15 per cent of its scheduled flights in July and August as airports face lengthy delays and cancellations amid an overwhelming...

Alberta Utilities Commission approves $31M ATCO fine for attempted overcharging

Alberta Utilities Commission approves $31M ATCO fine for attempted overcharging

Jun 30, 2022 / 6:14 am

The Alberta Utilities Commission has approved a $31-million fine proposed for ATCO Electric's attempts to overcharge ratepayers for costs it shouldn't...

Premier says New Brunswick LNG facility could help Europe cut energy ties with Russia

Premier says New Brunswick LNG facility could help Europe cut energy ties with Russia

Jun 30, 2022 / 6:04 am

New Brunswick's premier says a liquefied natural gas facility in Saint John could be modified to reverse the flow and help reduce Europe's reliance on...

B.C. sees record-low mortgages in arrears

B.C. sees record-low mortgages in arrears

Jun 29, 2022 / 10:35 am

Despite fears of rising interest rates and worsening affordability in the residential market, statistics from the Canadian Bankers Association indicates that...

Couche-Tard says inflation may be contributing to rise in cigarette smuggling

Couche-Tard says inflation may be contributing to rise in cigarette smuggling

Jun 29, 2022 / 9:51 am

Alimentation Couche-Tard Inc. suspects that the rising cost of living may have contributed to a surge in cigarette smuggling into Canada. The Quebec-based...

Facility able to manufacture millions of COVID-19 vaccines opens in Saskatoon

Facility able to manufacture millions of COVID-19 vaccines opens in Saskatoon

Jun 29, 2022 / 9:25 am

A centre that can develop up to 40 million doses of COVID-19 vaccines a year has opened in Saskatoon, and officials say it may soon export vaccines throughout...

More than half of domestic flights to large airports delayed, cancelled

More than half of domestic flights to large airports delayed, cancelled

Jun 29, 2022 / 9:20 am

An analytics firm says a majority of domestic flights to some of Canada's busiest airports were delayed or cancelled over the past week. Data Wazo says 54...

IBM Canada promises 250 tech jobs for Calgary with creation of innovation centre

IBM Canada promises 250 tech jobs for Calgary with creation of innovation centre

Jun 29, 2022 / 9:13 am

IBM Canada says it will establish a new Client Innovation Centre for Western Canada in downtown Calgary. The company says its announcement will create 250 new...

S&P/TSX composite down nearly 200 points in late-morning trading, U.S. markets mixed

S&P/TSX composite down nearly 200 points in late-morning trading, U.S. markets mixed

Jun 29, 2022 / 9:05 am

Canada's main stock index was down nearly 200 points in late-morning trading amid losses in the energy, base metal and technology sectors, while U.S. stock...

Corus Entertainment reports Q3 profit down from year ago, revenue up eight per cent

Corus Entertainment reports Q3 profit down from year ago, revenue up eight per cent

Jun 29, 2022 / 7:08 am

Corus Entertainment Inc. reported its third-quarter profit fell compared with a year ago as its revenue grew eight per cent. The television and radio...

EU proposes ban on flavored heated tobacco products

EU proposes ban on flavored heated tobacco products

Jun 29, 2022 / 7:06 am

The European Union’s executive branch proposed Wednesday a ban on the sale of flavored heated tobacco products, including some vaping items, as part of...

US economy slipped 1.6% to start year; return to growth eyed

US economy slipped 1.6% to start year; return to growth eyed

Jun 29, 2022 / 7:03 am

The U.S. economy shrank at a 1.6% annual pace in the first three months of the year, the government reported Wednesday in a slight downgrade from its previous...

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