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Business News Jan 28 to Feb 3, 2018

Truck driver shortage

Feb 2, 2018 / 2:43 pm

A shortage of truck drivers is hampering the country's forest sector as shipments have been delayed and at least one producer was forced to slow production...

Still open for business

Feb 2, 2018 / 12:40 pm

The B.C. Chamber of Commerce says it wants Alberta to know it still has friends in the province when it comes to the latest dispute over the Trans Mountain...

Condo demand still strong

Feb 2, 2018 / 12:27 pm

The Real Estate Board of Greater Vancouver says demand continues to be high for condominiums and townhomes in the region, but less so for detached properties....

Imperial Oil posts loss

Feb 2, 2018 / 12:20 pm

Gains from higher oil prices and refinery margins were more than offset by asset impairment charges from abandoned natural gas projects as Imperial Oil Ltd....

Apple's iPhone jitters

Feb 2, 2018 / 11:39 am

Apple is making more money than ever, but it still doesn't seem to be enough to keep everyone happy. Not with conspiracy theories swirling around...

Legal threat over bread fix

Feb 2, 2018 / 6:25 am

George Weston Ltd. and Loblaw Companies Ltd. "should keep checking the mailroom" for upcoming legal action after they implicated Sobeys Inc. in an...

New CEO named at Sony

Feb 2, 2018 / 6:18 am

Sony Corp. named Chief Financial Officer Kenichiro Yoshida as its new president and CEO on Friday, replacing Kazuo Hirai, who led a turnaround at the Japanese...

Montreal expanding port

Feb 2, 2018 / 5:54 am

The Montreal Port Authority says it has crossed a key milestone in its plans to grow its container-handling capacity in order to stay competitive with large...

Auto sales on a roll

Feb 1, 2018 / 2:28 pm

DesRosiers Automotive Consultants says new light vehicle sales in Canada bucked expectations to reach an all-time record for the first month of the year. The...

Buy shirt, get free weed

Feb 1, 2018 / 12:03 pm

That ordinary bottle of juice delivered to your doorstep will set you back at least $55. But the bag of marijuana that comes with it? On the house. Retail...

Swoop to launch in June

Feb 1, 2018 / 11:45 am

WestJet Airlines Ltd. says Swoop, its new ultra-low-cost carrier, will launch on June 20. The airline will begin with six weekly flights between Abbotsford and...

Taxman wants Bitcoin bite

Feb 1, 2018 / 10:46 am

It may seem early to start thinking about filing taxes, but this year's return could be particularly time-consuming for Canadians who have flocked to...

Uprooting crops for pot

Feb 1, 2018 / 7:05 am

Inside a Southern Ontario greenhouse, workers delicately clip each stem of a potted orchid onto thin, black stakes jutting out from its soil, marking the...

Grey market pot up in air

Feb 1, 2018 / 6:26 am

If it wasn't for the scent, customers who wandered into Vancouver's Eden Medicinal Society would be forgiven for thinking they had entered a boutique...

Pipelines, make or break

Feb 1, 2018 / 5:39 am

Canada's oil and gas producers are struggling to stay competitive with their U.S. counterparts because of the struggle to expand pipeline capacity, says a...

Apology over Telus tweets

Jan 31, 2018 / 3:32 pm

"Take a deep breath, grind yourself. Go kill him." That was one of the tweets the president of Telus Quebec had to apologize for on Wednesday, a day...

16-year price-fixing scheme

Jan 31, 2018 / 3:27 pm

At least $1.50 has been artificially baked into the price of a loaf of bread during a 16-year-long bread price-fixing conspiracy involving the country's...

Fox gets Thursday football

Jan 31, 2018 / 1:08 pm

UPDATE 1:06 p.m. The agreement between Fox and the NFL to broadcast Thursday night football games is reported to be worth just over $3 billion for the next 5...

400 drivers to lose jobs

Jan 31, 2018 / 11:34 am

About 400 jobs are expected to disappear at Suncor Energy Inc.'s oilsands mines in northern Alberta as it deploys driverless ore-hauling trucks to replace...

Mine dodges millions in tax

Jan 31, 2018 / 9:35 am

A new report from a Dutch non-profit group alleges Vancouver-based Turquoise Hill Resources Ltd. has avoided paying hundreds of millions of dollars in Canadian...

Cdn drillers heading south

Jan 31, 2018 / 6:58 am

A growing number of Canadian drilling rigs are being moved south of the border to take advantage of brighter prospects for oil and gas in the United States...

NAFTA 'no accident'

Jan 31, 2018 / 6:56 am

Former prime minister Brian Mulroney offered a spirited defence of the North American Free Trade Agreement in Washington on Tuesday, while warning about the...

Canadian economy grows

Jan 31, 2018 / 5:54 am

Statistics Canada says the economy grew 0.4 per cent in November, helped by strength in the manufacturing sector. The results matched the expectations of...

U.S. wages up

Jan 31, 2018 / 5:49 am

U.S. workers' wages and benefits grew 2.6 per cent last year, the fastest 12-month pace since the spring of 2015. The 12-month gain in wages and benefits...

Suncor goes autonomous

Jan 30, 2018 / 4:23 pm

Suncor Energy Inc. says over the next six years it expects to deploy more than 150 electric autonomous haul trucks at its company operated-mines — a move...

Jr. Facebook for kids?

Jan 30, 2018 / 11:17 am

Child development experts and advocates are urging Facebook to pull the plug on its new messaging app aimed at kids. A group letter sent Tuesday to CEO Mark...

Huge cuts sought at Shaw

Jan 30, 2018 / 10:38 am

Sweeping cuts are coming to one of Canada's largest media companies. Shaw Communications announced Tuesday that 6,500 Shaw and Freedom Mobile employees have...

Phone hacking reparations

Jan 30, 2018 / 6:54 am

Former "Doctor Who" star David Tennant has accepted an apology and damages from Rupert Murdoch's newspaper company over phone hacking by a...

Health care big business

Jan 30, 2018 / 5:05 am

Amazon is diving into health care, teaming up with Warren Buffett's Berkshire Hathaway and the New York bank JPMorgan Chase, to create a company that helps...

NAFTA survives key round

Jan 29, 2018 / 4:33 pm

The NAFTA renegotiation has survived a key round of talks, with the United States expressing some annoyance but hailing modest progress, promising future...

Morneau gets an earful

Jan 29, 2018 / 4:31 pm

Finance Minister Bill Morneau was inundated with more than 10,000 missives last fall following the release of controversial tax-change proposals that infuriated...

WestJet flies to Paris

Jan 29, 2018 / 1:21 pm

WestJet Airlines Inc. has announced its first flights to mainland Europe. The Calgary-based airline says daily direct flights will begin May 31 to Charles de...

Let's make a deal

Jan 29, 2018 / 11:48 am

The Canadian government has suggested a way it might drop its major international trade case against the U.S. – with a softwood lumber deal. The northern...

Ballard shares rebound

Jan 29, 2018 / 10:55 am

Shares of Ballard Power Systems Inc. shot up in early trading after the company fought back against a short seller's report that questions the company's...

Fort Hills pumps first oil

Jan 29, 2018 / 10:42 am

The Fort Hills oilsands project has achieved its first oil production and will continue to ramp up through the first quarter. Suncor Energy Inc., the project...

Super Bowl ads go for heart

Jan 29, 2018 / 7:26 am

After a year of political and cultural upheaval, Super Bowl advertisers appear to be pulling back from themes of unity in favour of in-game stunts and ads that...

Pot, cash and stock deal

Jan 29, 2018 / 6:55 am

Licensed marijuana producer Aphria Inc. announced an agreement Monday to buy medical cannabis firm Nuuvera Inc. in a cash-and-stock deal that it says values the...

Keurig creates a giant

Jan 29, 2018 / 5:11 am

Keurig is buying Dr. Pepper Snapple Group Inc., creating a beverage giant with about $11 billion in annual sales. The companies, both the result of previous...

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