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Business News

3 more ships with grain depart Ukraine ports under UN deal

3 more ships with grain depart Ukraine ports under UN deal

Aug 5, 2022 / 7:17 am

Three more ships with grain have left Ukrainian ports and are headed to Turkey for inspection, Turkey's defense ministry said Friday, evidence that a...

Canada’s unemployment rate remains at historic low of 4.9 per cent

Canada’s unemployment rate remains at historic low of 4.9 per cent

Aug 5, 2022 / 7:04 am

Canada’s unemployment rate stayed at a historic low of 4.9 per cent in July, remaining unchanged from June as the country continues to face a labour...

Tim Hortons sales above pre-pandemic levels as parent company reports sales grew 14%

Tim Hortons sales above pre-pandemic levels as parent company reports sales grew 14%

Aug 4, 2022 / 7:02 pm

The CEO of Tim Hortons' parent company says the quick service chain generated sales in its latest quarter above pre-pandemic levels for the first time since...

Suncor's Q2 net profit increases more than fourfold year-over-year

Suncor's Q2 net profit increases more than fourfold year-over-year

Aug 4, 2022 / 6:46 pm

Suncor Inc. says it earned $3.99 billion in the second quarter of 2022, or $2.84 per common share, more than four and a half times the $868 million it earned in...

Environmental groups protest proposals to build LNG terminals on Canada's East Coast

Environmental groups protest proposals to build LNG terminals on Canada's East Coast

Aug 4, 2022 / 2:58 pm

A coalition of environmental groups is calling on Ottawa to reject any proposals to build export facilities for liquefied natural gas on Canada's East...

Cheap date? Finding 'the one' on a budget when everything costs more

Cheap date? Finding 'the one' on a budget when everything costs more

Aug 4, 2022 / 11:43 am

Like everything else these days,dating is getting more expensive. And while 30-year-old Kasi Johnston hasn't ghosted anyone over a pricey menu item, finding...

Vancouver International Airport July traffic surges past 2 million

Vancouver International Airport July traffic surges past 2 million

Aug 4, 2022 / 10:10 am

One of the clearest signs that tourism in B.C. is on the rebound is that more than two million travellers passed through Vancouver International Airport in July...

July auto sales down 16% from last year as shortages persist

July auto sales down 16% from last year as shortages persist

Aug 4, 2022 / 9:22 am

DesRosiers Automotive Consultants says Canadian auto sales were down 16.2 per cent in July compared with a year earlier because of a shortage of available...

Dairy giant Saputo reports net earnings of $139 million

Dairy giant Saputo reports net earnings of $139 million

Aug 4, 2022 / 9:18 am

Dairy giant Saputo Inc. says it had net earnings of $139 million for the quarter ended June 30, up from $53 million for the same quarter last year. Chief...

Business councils call on federal government to secure trade agreement with India

Business councils call on federal government to secure trade agreement with India

Aug 4, 2022 / 9:07 am

As Canada and other Western nations ramp up their efforts to build stronger political and economic ties in Asia, business groups are calling on the federal...

Greater Toronto home sales down 47% from last year

Greater Toronto home sales down 47% from last year

Aug 4, 2022 / 7:29 am

The moderation of the Greater Toronto Area's housing market intensified last month as the region's real estate board found July sales fell 47 per cent...

Bank of England predicts recession at the end of the year

Bank of England predicts recession at the end of the year

Aug 4, 2022 / 7:25 am

The Bank of England projected Thursday that the United Kingdom’s economy will enter a recession at the end of the year as it hiked interest rates by the...

Sun Life profits fall on DentaQuest acquisition, 'unfavourable' market impacts

Sun Life profits fall on DentaQuest acquisition, 'unfavourable' market impacts

Aug 3, 2022 / 6:11 pm

Sun Life Financial Inc. says it earned $785 million or $1.34 per share in the second quarter of 2022, a 13 per cent decrease from the prior year. The...

Fertilizer giant Nutrien Ltd. earns US$3.6B as global demand surges

Fertilizer giant Nutrien Ltd. earns US$3.6B as global demand surges

Aug 3, 2022 / 5:41 pm

Nutrien Ltd. says its net profit increased 224 per cent to US$3.6 billion in the second quarter as the war in Ukraine continues to put pressure on global...

Greater Vancouver home sales down 43% from last July, 23% from June: REBGV

Greater Vancouver home sales down 43% from last July, 23% from June: REBGV

Aug 3, 2022 / 2:29 pm

The Real Estate Board of Greater Vancouver says last month's home sales were down a whopping 43 per cent from last July and 23 per cent from this past June....

Semtech buying B.C.-based Sierra Wireless for US$1.2 billion

Semtech buying B.C.-based Sierra Wireless for US$1.2 billion

Aug 3, 2022 / 7:16 am

Semtech Corp. says it's buying Vancouver-based Sierra Wireless in an all-cash deal that values the cellular technology provider at US$1.2 billion. The deal...

OPEC boosts oil output by slower pace than in previous months

OPEC boosts oil output by slower pace than in previous months

Aug 3, 2022 / 7:10 am

The OPEC oil cartel and its allies decided Wednesday to boost production in September by a much slower pace than in previous months at a time of high oil prices...

'The most expensive part of your years': Parents feel inflation's squeeze

'The most expensive part of your years': Parents feel inflation's squeeze

Aug 3, 2022 / 6:55 am

With inflation at a nearly 40-year high, Canadians are feeling the financial strain. In a six-part series this summer, The Canadian Press is speaking to people...

Finning profits increase 27 per cent amid robust industry demand

Finning profits increase 27 per cent amid robust industry demand

Aug 3, 2022 / 6:46 am

Finning International Inc. says it earned $271 million in the second quarter of 2022, a 27 per cent increase from the previous year's quarter. The...

Stephen King testifies for government in books merger trial

Stephen King testifies for government in books merger trial

Aug 2, 2022 / 6:36 pm

Stephen King didn't break any legal ground on the stand Tuesday as he testified against his own publisher's efforts to merge with Penguin Random House....

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