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Business News

Ground 777s, says Boeing

Feb 22, 2021 / 6:59 am

Boeing has recommended that airlines ground all 777s with the type of engine that blew apart after takeoff from Denver this weekend, and most carriers that fly...

'It feels like I’m drowning'

Feb 21, 2021 / 8:00 am

Amanda Munday’s business had just become profitable and hired its ninth staffer when the pandemic hit. Overnight, revenues at her drop-in coworking and...

Southern cities out of water

Feb 19, 2021 / 3:14 pm

Southern cities slammed by winter storms that left millions without power for days have traded one crisis for another: Busted water pipes ruptured by record-low...

Amputation hazard: Toro

Feb 19, 2021 / 12:54 pm

A Toro snowblower has been recalled in Canada and the United States due to an amputation hazard. The recall applies to the 2021 Toro Power Max 826 OHAE, model...

Stay-at-home extended

Feb 19, 2021 / 11:01 am

The COVID-19 hot spots of Toronto and Peel Region, as well as a northern community dealing with a spike in cases, will remain under a stay-at-home order for at...

Businesses eager to screen

Feb 19, 2021 / 10:40 am

Nearly two-thirds of Canadian small businesses would consider using rapid testing to screen employees if it would help their business to stay open, says a...

Quarantine won't cost $2K

Feb 19, 2021 / 9:25 am

The cost of the mandatory three-day hotel quarantine that goes into effect on Monday appears to be well below the $2,000-per-person price tag cited by officials...

Retail sales down in Dec.

Feb 19, 2021 / 9:18 am

Canadian retail sales in December posted their largest decline since the low of April as provinces tightened restrictions in response to a rise in COVID-19...

Magna beats expectations

Feb 19, 2021 / 7:10 am

Magna International Inc. raised its dividend as its fourth-quarter profit and revenue rose from a year earlier and topped expectations. The Ontario auto parts...

Uber benefits for UK drivers

Feb 19, 2021 / 7:09 am

Uber drivers in Britain should be classed as “workers" and not self-employed, the U.K. Supreme Court ruled Friday, in a decision that threatens the...

Transat extends loan date

Feb 19, 2021 / 6:35 am

Transat A.T. Inc. says it has gained some financial flexibility by extending the termination date of its $250-million short-term loan facility by three months...

Private booking cancelled

Feb 18, 2021 / 9:14 pm

A famous hotel in Alberta’s Rocky Mountains has reopened reservations after they were mysteriously closed last month because of a private block booking....

Tax case tossed by top court

Feb 18, 2021 / 11:47 am

The Supreme Court of Canada has turned down a request by the Canada Revenue Agency which sought to have the top court hear an appeal regarding Cameco Corp. and...

Quebec's 'Popcorngate'

Feb 18, 2021 / 9:02 am

Quebec Premier Francois Legault says his government will compensate movie theatre owners for lost concession stand revenue after a disagreement he is calling...

America's first Bitcoin ETF

Feb 18, 2021 / 8:58 am

North America's first Bitcoin exchange-traded fund began trading on the Toronto Stock Exchange today. The ETF, developed by Toronto-based Purpose...

Challenging RRSP year

Feb 18, 2021 / 7:20 am

Canadians who experienced pandemic-induced layoffs and wage reductions or saved while working from home are facing a new challenge as March approaches: what to...

Teck reports Q4 loss

Feb 18, 2021 / 7:11 am

Teck Resources Ltd. reported a loss in its fourth-quarter as the company took a hit related to its investment in the Fort Hills oilsands mine. The miner says...

National Sports to close

Feb 18, 2021 / 7:05 am

Canadian Tire Corp. Ltd. says it's closing all its National Sports retail stores to reduce overlap in the company's sporting goods assortment and gain...

CRA locks user accounts

Feb 18, 2021 / 6:36 am

The Canada Revenue Agency says some taxpayers were locked out of their online accounts even though it wasn't the victim of a cyberattack. The tax agency...

Tilray reports $2.9M loss

Feb 18, 2021 / 6:34 am

Tilray Inc. managed to shave down its losses by more than $200 million in its most recent quarter, as it prepared to merge with rival Aphria Inc. later this...

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