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Business News Last 7 days

Cdn toy maker sues Mattel

Apr 25, 2018 / 7:06 am

Canadian toy maker Spin Master Corp. has filed a patent suit in California against Mattel, Inc., claiming Mattel's transforming Mecard cars infringe on at...

Cenovus posts $914M loss

Apr 25, 2018 / 7:04 am

Cenovus Energy posted a $914 million net loss from continuing operations in the first quarter, a bigger shortfall than analysts had expected, amid challenging...

Comcast bids for Sky

Apr 25, 2018 / 5:28 am

U.S. media conglomerate Comcast has made a 22 billion pound ($30 billion) bid for London-based pay TV operator Sky in move that threatens a rival bid by Rupert...

Combating 'vile' material

Apr 24, 2018 / 7:15 pm

Canada and its G7 partners warned the world's biggest internet companies on Tuesday to do a better job of deleting "vile" material from their...

Bitcoin mines backlash

Apr 24, 2018 / 11:35 am

Bitcoin "miners" who use rows of computers whirring at the same time to produce virtual currencies began taking root along New York's northern...

Proxy fight at Crescent Point

Apr 24, 2018 / 8:07 am

A second institutional investor proxy advisory firm is wading into the fight by a dissident shareholder to elect a slate of four directors to the 10-member...

Mitel signs deal for sale

Apr 24, 2018 / 6:52 am

Mitel Networks Corp. has signed a deal to be acquired by an investor group led by Searchlight Capital Partners for about C$2.6 billion, including debt. Under...

Pipeline must stay on route

Apr 24, 2018 / 6:37 am

Minnesota regulators should approve Enbridge Energy's proposal for replacing its aging Line 3 crude oil pipeline only if it follows the existing route...

Barrick's huge profit drop

Apr 24, 2018 / 6:35 am

Barrick Gold Corp. reports that its net income fell to $158 million in its fiscal first quarter, down more than 75 per cent from the same period a year ago. The...

Teck Resources sales up

Apr 24, 2018 / 5:24 am

Teck Resources Ltd. reported a better-than-expected first-quarter profit as revenue also grew compared with a year ago, helped by improved sales volumes. The...

Did Loblaws dodge taxes?

Apr 23, 2018 / 11:08 am

A tax court trial involving Loblaw Companies Ltd. and allegations by the Canada Revenue Agency that the retailer's Barbadian banking subsidiary was misused...

Insider trading trial begins

Apr 23, 2018 / 11:06 am

An insider trading trial against former Amaya CEO David Baazov and his co-accused that is expected to last until fall got underway this morning in Quebec court....

Toys "R" US stayin' alive

Apr 23, 2018 / 9:25 am

Toys "R" Us Inc. will seek approval to sell its Canadian unit to Fairfax Financial Holdings Ltd. after cancelling an auction for the company's...

TSX up, US stocks mixed

Apr 23, 2018 / 8:26 am

The industrial and energy sectors helped lift Canada's main stock index higher in late-morning trading, while U.S. stocks were mixed. The S&P/TSX...

US home sales up

Apr 23, 2018 / 8:17 am

U.S. sales of existing homes increased 1.1 per cent on a monthly basis in March, which suggests that buyers are undeterred by the dwindling number of properties...

MEG Energy CEO retiring

Apr 23, 2018 / 7:49 am

Oilsands producer MEG Energy Corp. says co-founder Bill McCaffrey will be retiring from his role as CEO as well as from the board of directors following its...

Sales drop in February

Apr 23, 2018 / 6:31 am

Statistics Canada says wholesale sales fell 0.8 per cent to $62.8 billion in February. The agency says it was the largest downward move and the second monthly...

'A Quiet Place' top movie

Apr 23, 2018 / 5:00 am

It's another weekend of buzz versus pure star power at the box office as the word of mouth sensation "A Quiet Place" finds itself neck-and-neck...

Fined $900K for mill leak

Apr 20, 2018 / 3:25 pm

Environment and Climate Change Canada says Mackenzie Pulp Mill Corp. has been fined $900,000 for leaking effluent into Williston Lake. The government body says...

Pot marketing pushback

Apr 20, 2018 / 11:24 am

Some Canadian marijuana sector companies are getting pushback against their marketing efforts from social media platforms and government officials as the...

CPR prepares for shutdown

Apr 20, 2018 / 11:13 am

Canadian Pacific Railway says it has begun shutting down train operations ahead of a possible strike set to start Saturday by two unionized workforces. The...

Retail sales weaken

Apr 20, 2018 / 10:22 am

Canadian retail sales during the crucial holiday shopping season were far lower than previously projected as consumers appeared to pull back on spending....

8,000 Disney tickets stolen

Apr 20, 2018 / 10:11 am

Thieves made off with 8,000 Disneyland tickets worth about $800,000 when they stole a box trailer from a youth agricultural education organization that was...

Consumers paying more

Apr 20, 2018 / 5:49 am

UPDATE 5:50 a.m. Canada's annual inflation rate continued creeping higher last month to hit 2.3 per cent. The March figure from Statistics Canada shows the...

Metal fatigue on deadly jet

Apr 19, 2018 / 3:35 pm

Southwest Airlines sought more time last year to inspect fan blades like the one that snapped off during one of its flights Tuesday in an engine failure that...

Westjet to up inspections

Apr 19, 2018 / 1:42 pm

WestJet Airlines Ltd. says it's immediately accelerating inspections of some fan blades following an engine failure on a Southwest Airlines flight Tuesday...

Beer ruling pipeline effect?

Apr 19, 2018 / 11:38 am

A Supreme Court of Canada ruling on bringing beer from Quebec into New Brunswick has implications for the trade war between Alberta and B.C. over the Trans...

Airline profits set to fall

Apr 19, 2018 / 11:28 am

Canada's airline profitability, which reached a 20-year high last year, is expected to soften due to higher fuel and labour costs, according to a Conference...

Trump-Abe 'bromance'

Apr 19, 2018 / 5:41 am

Japanese Prime Minister Shinzo Abe courted the new American president with a golden driver not long after Donald Trump won the White House. He's met with...

Starbucks, 'retail racism'

Apr 19, 2018 / 5:23 am

It was a surreal scene that is part of daily life for many black Americans and minorities, an everyday moment gone wrong, ending in complete humiliation. Two...

Trans Mountain 'untenable?'

Apr 18, 2018 / 4:57 pm

The CEO of Kinder Morgan says events in recent days have reinforced his concerns about the viability of the Trans Mountain expansion project. "It's...

New head of Cadillac, GM

Apr 18, 2018 / 3:10 pm

The Ontario-born head of General Motors Canada is moving to head Cadillac, the global automaker's luxury car division as part of a management rotation...

Beware bogus brand rip-offs

Apr 18, 2018 / 3:07 pm

From wedding dresses to summer apparel, consumers planning to add new items to their wardrobes are being warned to watch out for knock-off brand name...

Bump stock phase out

Apr 18, 2018 / 2:37 pm

The largest manufacturer of bump stocks, which allow semi-automatic weapons to fire rapidly like automatic firearms, announced Wednesday that it will stop...

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