Business News‹ Mar 11 to 17, 2018 ›
Premier gets 5-year term
China's ceremonial legislature appointed Premier Li Keqiang, the No. 2 leader of the ruling Communist Party, to a second five-year term Sunday and approved...
CP CEO's $20M paycheque
Canadian Pacific Railway Ltd. says it paid CEO Keith Creel $20.1 million last year, including $10.5 million in stock options. That's more than double his...
WestJet union drive lift off
A WestJet flight attendant says rules that effectively pay starting workers less than minimum wage because they're compensated only for time in the air is...
'Mind-boggling' backlog
It's mind-boggling that grain shipments have been delayed again by rail backlogs this year, says Saskatchewan Premier Scott Moe. Moe told the Saskatchewan...
Media giant on trial
On Monday, AT&T squares off against the federal government in a trial that could shape how you get — and how much you pay for — streaming TV and...
Pipeline shares recover
Shares in Canadian pipeline companies Enbridge Inc. and TransCanada Corp. are recovering from a steep sell-off Thursday after the U.S. eliminated a tax break...
$1.6B Site C contract
A $1.6 billion contract has been awarded for construction of the Site C hydroelectric dam in northeastern British Columbia, just three months after the...
Manufacturing sales fall
Canadian manufacturing sales fell by a wider-than-expected one per cent in January, starting off the year on a weak note. Statistics Canada reported...
BC airline shut down
UPDATE: 7:08 p.m. Calgary-based Integra Air is stepping in to operate Orca Airways flights after Transport Canada pulled Orca's operator certificate on...
iHeartMedia bankrupt
IHeartMedia says it's operating as usual while working on a plan to reduce its debt by US$10 billion while under bankruptcy court protection from its...
Selling Cdn toy chain
Toys "R" Us is in talks to sell its entire Canadian business as it works to shutter its 70-year-old U.S. operations, but analysts are skeptical about...
Ram pickup recall
Fiat Chrysler is recalling more than 300,000 older Ram pickup trucks worldwide because the fuel tanks can sag. The recall mainly affects trucks in cold-weather...
Mill closing in fires' wake
Norbord Inc. says it is going to temporarily suspend production at its oriented strand board mill in 100 Mile House due to a shortage of wood. The company says...
Magna gets a Lyft
Magna International stock was up almost five per cent in early trading Thursday following a technology development deal between the Canadian auto parts giant...
Canadians owe a little less
The ratio of Canadian household debt relative to income edged down ever so slightly in the fourth quarter. Statistics Canada says household credit market debt...
Pilots in hot demand
Major U.S. airlines are hiring pilots at a rate not seen since before 9-11, and that is encouraging more young people to consider a career in the cockpit....
Massive tax on everything?
Canada's share of the fastest growing industry in the world has been shrinking over the last decade — and a new report says it's time to step it...
OK to abandon pipeline
The National Energy Board has approved NOVA Gas Transmission Ltd.'s plan to abandon a 266-kilometre section of its Peace River Mainline system in...
Toy chain to stay open
Toys R Us Canada maintains it's still business as usual, even as its U.K. counterpart announced it would shutter all 75 locations in the country. It's...
Mortgage rules hit demand
The B.C. Real Estate Association says tough mortgage qualification rules are a key reason for a provincewide drop in housing demand last month compared with...
Silicon Valley Bank coming?
California-based Silicon Valley Bank has taken two major steps towards opening its first Canadian branch. The U.S. bank, which provides commercial banking to...
Massive Ford recall
Ford is recalling nearly 1.4 million midsize cars in North America because the steering wheel can detach from the steering column and drivers could lose...
Early Syncrude turnaround
Suncor Energy Inc. says an eight-week maintenance project at Syncrude that had been scheduled to begin in April will start Thursday. The company says advancing...
U.S. retail sales fall
U.S. consumers spent less at auto dealers, gas stations and department stores in February, causing overall retail sales to slip 0.1 per cent. It was the third...
Food-sharing anyone?
Apps that allow home chefs to sell dishes prepared in their personal kitchens have cropped up in Canada, but uncertainties about health regulations and the...
Sobey's profits up
Empire Co. Ltd. reported better-than-expected results for its third quarter as its revenue and profits improved compared with a year ago. The parent company of...
OECD raises outlook
The OECD is raising its economic forecast for Canada amid a strengthening global economy, but also warns that tensions are appearing that could threaten global...
Bank bosses' fat paycheques
The chief executives of Canada's five biggest banks collectively earned roughly $53.6 million in the latest fiscal year, up more than seven per cent from a...
Optimum coming to Esso
Loblaw Companies Ltd. and Imperial Oil Ltd. have signed a deal that will allow PC Optimum members to earn points at more than 1,800 Esso gas stations starting...
Servers invoke #MeToo
As a waitress, Nadine Morsch was used to having to force an occasional smile for an unpleasant customer. But when a man she was serving made a reference to...
NatGeo admits racist past
National Geographic acknowledged on Monday that it covered the world through a racist lens for generations, with its magazine portrayals of bare-breasted women...
Steel dumping fears
The president of the Canadian Steel Producers Association says Canada may be off the hook for now from American steel and aluminum tariffs, but it is still at...
News swap investigation
Competition Bureau officials searched the Toronto offices of Postmedia Network Canada Corp. and Torstar Corp. on Monday as part of its investigation into their...
Deadly Bombardier crashes
Montreal-based Bombardier Inc. is awaiting the causes of two deadly aircraft crashes over the past couple of days involving its Q400 turbo and Challenger...
Air Canada restores service
UPDATE: 11:45 a.m. Air Canada says it has restored its computer systems after a morning outage led to delays across the airline's operations. The company...
Apple buying Texture
Apple Inc. is buying the Texture digital magazine service created by a group of publishers that includes Rogers Media. The California-based technology giant...
Household debt hits $1.8T
Canadians' collective household debt has climbed to $1.8 trillion as an international financial group sounds an early warning that the country's banking...
Push for global investment
International Trade Minister Francois-Philippe Champagne is rolling out a new investment agency designed to promote Canada as a destination for investors. He...
Body shop scams 'pervasive'
Workers at auto body shops deliberately damaged cars, installed used parts but billed for new ones, or invoiced for phantom repairs, according to an...
Canadian co on SpaceX
A Canadian company has been chosen by Elon Musk's SpaceX to provide special creeper seats designed to help workers inspect its Falcon 9 rockets. Creepex...