Business News
Prices expected to stay high
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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...