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Business News Mar 4 to 10, 2018

Toys R Us in trouble?

Mar 9, 2018 / 4:15 pm

It's business as usual at Toys R Us Canada, the company says, even as reports claim the toy retailer's American counterpart will soon liquidate its U.S....

Internet rates going up

Mar 9, 2018 / 1:33 pm

Two of Canada's biggest internet service providers are preparing to increase their monthly subscriber prices. Rogers Communications will raise prices for...

No special treatment on TPP

Mar 9, 2018 / 6:47 am

The United States will receive no preferential treatment if it seeks to rejoin the sweeping Trans-Pacific Partnership that Canada and 10 partners signed...

Mining the Grand Canyon?

Mar 9, 2018 / 6:44 am

U.S. scientists studying the effects of uranium mining around the Grand Canyon say they are lacking information on whether the radioactive element is hurting...

NAFTA breakup would hurt

Mar 9, 2018 / 5:34 am

The Conference Board of Canada is predicting a 0.5 per cent decline in the country's economy resulting in the loss of about 85,000 jobs within a year if the...

Tariffs avoided - for now

Mar 8, 2018 / 1:55 pm

Canada can breathe easier, for now: It's getting relief from U.S. tariffs for an undetermined period, as one of only two countries receiving a provisional...

Oil wells left untended

Mar 8, 2018 / 1:22 pm

A massive number of oil and gas wells, facilities and pipeline segments stand to be added to the already bulging files of the Alberta Orphan Well Association in...

Fake news travels fastest

Mar 8, 2018 / 12:49 pm

Twitter loves lies. A new study finds that false information on the social media network travels six times faster than the truth and reaches far more people....

Manure next energy source?

Mar 8, 2018 / 12:33 pm

Researchers at an Ontario university say farm manure could be a viable source of renewable energy to heat homes. University of Waterloo scientists say they are...

Beyond Google, Facebook

Mar 8, 2018 / 12:22 pm

Google and Facebook continue to be the juggernauts that dominate how Canadians use the Internet, but a new "non-duopoly" trend may be emerging,...

Housing pace picks up

Mar 8, 2018 / 12:18 pm

The pace of new home construction picked up unexpectedly in February driven by strength in the condo market in major cities, Canada Mortgage and Housing Corp....

Strip malls sell for $85M

Mar 8, 2018 / 11:01 am

Vancouver real estate investors are bullish on the Okanagan. Peterson Group and Premise Properties have ponied up a combined $85 million to purchase the...

China's exports surge

Mar 8, 2018 / 6:50 am

China's exports surged in February while its politically sensitive trade surplus widened amid mounting tension with Washington. Exports rose 44.5 per cent...

'Must do better' on pay gap

Mar 8, 2018 / 6:31 am

Canada's federal finance minister said Wednesday the country must do better in closing the gender gap in pay and workforce participation for the health of...

WestJet changing of guard

Mar 8, 2018 / 5:22 am

WestJet Airlines Ltd. says chief executive Gregg Saretsky is retiring effective today. Saretsky joined WestJet in June 2009 as vice-president, WestJet...

Swoop ready for June takeoff

Mar 7, 2018 / 2:52 pm

WestJet Airlines says it's still on course to launch its new Swoop ultra-low-cost carrier despite unresolved bargaining issues with the Air Line Pilots...

US trade gap rises

Mar 7, 2018 / 9:59 am

The U.S. trade deficit rose in January to the highest level since October 2008, defying President Donald Trump's efforts to bring more balance to...

Trade deficit narrowed

Mar 7, 2018 / 7:25 am

Statistics Canada says the country's merchandise trade deficit narrowed in January to $1.9 billion compared with a deficit of $3.1 billion in December....

BoC holds interest rate

Mar 7, 2018 / 7:19 am

UPDATE: 7:20 a.m. The Bank of Canada kept its key interest rate target on hold as it pointed to a climate of broadening, important unknowns around trade. In...

North American stocks sink

Mar 7, 2018 / 7:02 am

North American stock markets sank into the red in early trading following the departure of a top economic adviser in the White House. The move lower follows...

Why US wants quick deal

Mar 7, 2018 / 6:41 am

The United States is suddenly proposing a sprint to the finish toward a new NAFTA deal within about four to six weeks — a jet-fuel pace that aims to soar...

CN apologizes for backlog

Mar 7, 2018 / 5:27 am

Canadian National is apologizing for failing to keep grain shipments moving reliably by rail, and says it's taking immediate steps to clear the backlog...

Weinstein deal scuttled

Mar 6, 2018 / 3:44 pm

A group of investors pulled out of a deal to buy the beleaguered Weinstein Co. on Tuesday after discovering tens of millions of dollars in undisclosed debt,...

Shouted down over Airbnb

Mar 6, 2018 / 3:40 pm

Danny Glover was shouted down at a rally for Airbnb hosts in the New York state capitol Tuesday when activists working on behalf of a union for hotel workers...

BB takes FB to court

Mar 6, 2018 / 11:27 am

BlackBerry Ltd. says it's taking Facebook to court in the United States over an alleged infringement over its intellectual property. The company issued a...

Making C Series profitable

Mar 6, 2018 / 8:58 am

Airbus intends to pressure suppliers for Bombardier's C Series jets to lower their prices in an effort to make its new partnership with the Quebec aircraft...

Moving on net neutrality

Mar 6, 2018 / 8:01 am

Washington became the first state Monday to set up its own net-neutrality requirements after U.S. regulators repealed Obama-era rules that banned internet...

GTA home sales down 35%

Mar 6, 2018 / 5:24 am

Canada's largest real estate board says home sales in the Greater Toronto Area fell nearly 35 per cent year-over-year in February, as selling prices dropped...

Bombardier turnaround?

Mar 6, 2018 / 5:23 am

Bombardier Inc. is raising $638.4 million in an offering of shares as the company continues its turnaround plan. The plane and train maker has signed a deal...

Canfor president departs

Mar 5, 2018 / 3:50 pm

The president of Canfor Pulp Products Inc. is leaving his position due to leadership changes at the company. Canfor Pulp says Brett Robinson's departure is...

RioCan shifts focus

Mar 5, 2018 / 8:09 am

RioCan Real Estate Investment Trust says it will turn some of the retail shopping centres in its portfolio into mixed-use communities that have the potential...

CN Rail needs new leader

Mar 5, 2018 / 6:31 am

Canadian National Railway Co. has replaced president and chief executive Luc Jobin, saying its board of directors believes the company needs a more energetic...

Business preview this week

Mar 4, 2018 / 3:35 pm

Five things to watch for in the Canadian business world in the coming week: Mining conference The annual convention of the Prospectors and Developers...

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