169203
170362

Business News

Prices expected to stay high

Feb 26, 2021 / 10:19 am

A market watcher predicts the high-flying price of lumber could continue for some time yet. In a podcast hosted by Canadian Forest Industries, Keta Kosman,...

Forestry mergers forecast

Feb 26, 2021 / 10:13 am

Record high lumber prices have left North American forestry companies flush with cash, setting the stage for more forestry mergers and acquistions in 2021....

Resigns after vaccine trip

Feb 26, 2021 / 7:18 am

The chief executive of the fund that manages Canada Pension Plan investments has resigned after it was revealed that he decided to travel to the United Arab...

Pembina posts $1.2B loss

Feb 26, 2021 / 6:48 am

Pembina Pipeline Corp. is reporting a $1.2 billion net fourth-quarter loss thanks mainly to $1.6 billion in non-cash after-tax impairment charges on its...

Compliance dips: BCSC

Feb 26, 2021 / 4:00 am

More investment advisors are bending the rules in B.C., according to new data from the B.C. Securities Commission. BCSC examiners uncovered 241 compliance...

Gets vaccine in Dubai

Feb 25, 2021 / 8:29 pm

The CEO of Canada's largest pension fund says in a memo to employees that he received a COVID-19 vaccination while on a "very personal" trip to...

GameStop surges again

Feb 25, 2021 / 1:39 pm

Wall Street's GameStop saga won't stop. After weeks of going dormant, shares of GameStop have suddenly shot higher again, rising 18.6% Thursday after...

Top court won't hear Bell

Feb 25, 2021 / 12:44 pm

Canada's top court has decided against hearing a pair of appeals brought to it by Bell Canada, Rogers Communications and a number of cable companies seeking...

Twitter to let users cash in

Feb 25, 2021 / 12:43 pm

Twitter is branching out from advertising to find more ways to make money — both for itself and for its most prolific users, whether those are businesses,...

Coinbase may go public

Feb 25, 2021 / 11:52 am

Coinbase has filed papers with U.S. regulators to become a publicly traded company as digital currencies continue to march toward mainstream acceptance. The...

Heritage homes sky high

Feb 25, 2021 / 10:48 am

For the past few months, people passing by a Vancouver construction site have seen a peculiar sight – three heritage houses held 40 feet off the ground by...

Canfor rides demand wave

Feb 25, 2021 / 10:33 am

Buoyed an "unexpected increase in demand and record global pricing," forest products producer Canfor recorded $574.6 million in adjusted net income...

Best Buy cuts 5,000 jobs

Feb 25, 2021 / 9:44 am

Best Buy said Thursday that it laid off 5,000 full-time store workers earlier this month, even as the company's sales soared during the pandemic as...

Housing prices, sales soar

Feb 25, 2021 / 9:01 am

A Canada Mortgage and Housing Corp. report has found the COVID-19 pandemic was no match for Canada's real estate market, which saw prices and sales soar in...

'Buttergate' investigated

Feb 25, 2021 / 8:58 am

A dairy producers' lobbying group is asking farmers to consider alternatives to palm supplements in livestock feed pending the results of an investigation...

Maple Leaf sales increase

Feb 25, 2021 / 8:56 am

Maple Leaf Foods Inc. beat expectations as it reported a fourth-quarter profit of $25.4 million, up from $17.5 million a year ago, and sales that rose more than...

$135B in business in debt

Feb 25, 2021 / 7:41 am

A new report says Canada’s small businesses now collectively owe more than $135 billion as they struggle to survive the pandemic, a staggering amount...

Loblaw profit, revenue up

Feb 25, 2021 / 7:06 am

Loblaw Companies Ltd. reported a higher fourth-quarter profit and revenue compared with a year ago as the supermarket giant met the challenge of "outsized...

Profits up at TD Bank

Feb 25, 2021 / 6:59 am

TD Bank Group topped expectations as it reported its first-quarter profit rose 10 per cent compared with a year ago. The bank says it earned net income of $3.28...

Loonie tops 80 cents

Feb 25, 2021 / 6:57 am

The loonie topped 80 cents US, while Canada's main stock index edged higher in early trading and U.S. stock markets moved lower. The Canadian dollar traded...

167557
166843