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Business News Last 7 days

What to watch for this week

Feb 18, 2018 / 8:06 am

Five things to watch for in the Canadian business world in the coming week: Bread battle fallout Loblaw Co. Ltd. releases fourth-quarter and year-end results on...

Alberta Spitz plant to close

Feb 17, 2018 / 7:45 am

The Spitz sunflower seed plant in southeastern Alberta is to close later this year, throwing 53 people out of work. PepsiCo, the plant’s owner, says...

Rouge adding more aircraft

Feb 16, 2018 / 10:58 am

Air Canada is looking to cut operating costs and defend against competition from upstart low-cost competitors by adding more planes to its Rouge fleet and...

Deadly dog food?

Feb 16, 2018 / 7:01 am

The J.M. Smucker Co. is withdrawing some shipments of dog food amid reports that it could be tainted with traces of a drug used to euthanize animals. The...

Enbridge earnings slide

Feb 16, 2018 / 6:56 am

Enbridge Inc. is reporting that special items pushed its fourth quarter net income down to $207 million, a 42 per cent decline from the year-earlier period. As...

Record revenue at Air Can

Feb 16, 2018 / 6:50 am

Air Canada's fourth-quarter revenue and adjusted earnings came in ahead of analyst estimates, as the Montreal-based airline posted record-high annual...

ATB forecast: modest growth

Feb 16, 2018 / 6:39 am

Alberta's Crown-owned bank is forecasting moderate economic growth this year, but no big drop in the province's jobless rate. ATB Financial is...

Big cuts at Global News

Feb 15, 2018 / 3:03 pm

Corus Entertainment cut nearly 80 jobs, mostly in traditional TV production, at Global News newsrooms across Canada as part of a restructuring geared toward...

Aviation fuel warning

Feb 15, 2018 / 2:53 pm

Imperial Oil Ltd. is warning regulators and customers that aviation gasoline shipped from its Edmonton-area refinery could cause interference with aircraft fuel...

Cheeseburgers aren't happy

Feb 15, 2018 / 12:18 pm

McDonald's is taking cheeseburgers and chocolate milk off its Happy Meal menu in an effort to cut down on the calories, sodium, saturated fat and sugar that...

Superclusters share $950M

Feb 15, 2018 / 12:15 pm

Innovation Minister Navdeep Bains has named five technology groups that will each get a piece of up to $950 million in what the government calls its...

Should you take the buyout?

Feb 15, 2018 / 11:09 am

What would you do if offered a voluntary severance package: celebrate, cry or crunch the numbers? Leaving a job can be an emotional experience, but it pays to...

Cenovus posts strong gains

Feb 15, 2018 / 11:01 am

Cenovus Energy Inc. is reporting higher fourth-quarter profits boosted by stronger oil prices, better-than-expected refinery profits and production that almost...

$2.4B natural gas expansion

Feb 15, 2018 / 7:06 am

TransCanada Corp. is going ahead with a $2.4-billion expansion of its NGTL natural gas system in Western Canada, the company said Thursday as it reported a...

Shopify tops expectations

Feb 15, 2018 / 6:57 am

Shopify Inc. reported a better-than-expected fourth quarter as its revenue jumped 71 per cent compared with a year ago. The e-commerce company, which keeps its...

Sears staff fight for pension

Feb 15, 2018 / 6:38 am

Former Sears Canada workers are hoping they can recoup a $270-million pension fund shortfall with a motion they will file in court later today. The workers are...

3,300 take Shaw buyouts

Feb 15, 2018 / 6:35 am

Shaw Communications says 3,300 of its employees have decided to take a voluntary buyout package — far above the company's original estimate of about...

Jeep in hot water

Feb 15, 2018 / 6:31 am

The head of one of America's largest fish conservation groups says Fiat Chrysler's Super Bowl ads "glorified" the destruction of aquatic...

Delta obliged to take jets

Feb 15, 2018 / 6:25 am

The U.S. trade agency that handed Bombardier Inc. a big victory last month says Delta Air Lines could still import C Series from Canada. The American carrier...

Labour demand climbing

Feb 14, 2018 / 4:50 pm

A group representing building contractors in British Columbia predicts a strong demand for labour to boost the wages of construction workers by nearly 10 per...

Crack a cool cannabeer?

Feb 14, 2018 / 1:38 pm

Licensed marijuana producer Canopy Growth Corp. is already collaborating with the maker of Corona Beer on cannabis-infused beverages even though government...

Cdn Tire buys Sher-Wood

Feb 14, 2018 / 12:09 pm

Canadian Tire Corp. says it has acquired Sher-Wood Athletics Group Inc.'s global hockey trademarks. The retailer says that INA International Ltd., a...

There's a horse in my seat

Feb 14, 2018 / 12:04 pm

Miniature horses, monkeys and pigs can legally fly as emotional support animals on at least one Canadian airline but an advocate for travellers says the vast...

Cut tax rate, add incentives

Feb 14, 2018 / 9:43 am

The Canadian government needs to shave a bit off the corporate tax rate and provide financial incentives for investments in artificial intelligence and robotics...

Inflation fears stoked

Feb 14, 2018 / 7:41 am

U.S. consumer prices, excluding the volatile food and energy categories, rose 0.3 per cent last month. That was the biggest climb in a year and has intensified...

Teck reports $760M profit

Feb 14, 2018 / 7:02 am

Teck Resources Ltd. reported a fourth-quarter profit of $760 million, boosted by the reversal of an impairment charge related to an improvement in the outlook...

January retail sales down

Feb 14, 2018 / 6:15 am

Americans cut back on purchases of cars, furniture and a variety of other products in January, pushing retail sales down by 0.3 per cent, the biggest decline in...

Canopy Growth doubles $'s

Feb 14, 2018 / 4:44 am

Marijuana company Canopy Growth Corp. more than doubled its third-quarter revenue compared with a year ago. The company says revenue totalled $21.7 million for...

Trump hamstrings NAFTA

Feb 13, 2018 / 4:34 pm

The ongoing effort to rescue and revamp NAFTA has made only limited progress because U.S. officials at the table find themselves hamstrung by the demands of the...

New U.S. trade shot

Feb 13, 2018 / 11:21 am

It's the latest incoming trade salvo from the United States: the U.S. is considering punitive duties on pipeline material from a half-dozen countries...

Push for restraint in Ottawa

Feb 13, 2018 / 6:58 am

With so much uncertainty surrounding trade and competitiveness, private-sector economists will press Finance Minister Bill Morneau to keep his fiscal powder dry...

GM brings Maven to T.O.

Feb 13, 2018 / 6:33 am

General Motors Co. is bringing its Maven car-sharing business to Canada for the first time as part of the Detroit-based company's broader strategy for...

Payday loans growing woes

Feb 13, 2018 / 6:28 am

A study by a Toronto-based firm says the rate of insolvent borrowers using payday loans in Ontario has grown for the sixth consecutive year. Insolvency trustee...

Loonie's fortune changing?

Feb 12, 2018 / 6:57 pm

The plunge in global stock markets over the past week has dragged down the Canadian dollar and oil prices, but some market observers see signs the loonie's...

Slow sales at Tim Hortons

Feb 12, 2018 / 8:40 am

Tim Hortons restaurants recorded a fifth consecutive quarter of sluggish sales, while its parent company Restaurant Brands International Inc. outperformed...

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