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Business News

America's first Bitcoin ETF

Feb 18, 2021 / 8:58 am

North America's first Bitcoin exchange-traded fund began trading on the Toronto Stock Exchange today. The ETF, developed by Toronto-based Purpose...

Challenging RRSP year

Feb 18, 2021 / 7:20 am

Canadians who experienced pandemic-induced layoffs and wage reductions or saved while working from home are facing a new challenge as March approaches: what to...

Teck reports Q4 loss

Feb 18, 2021 / 7:11 am

Teck Resources Ltd. reported a loss in its fourth-quarter as the company took a hit related to its investment in the Fort Hills oilsands mine. The miner says...

National Sports to close

Feb 18, 2021 / 7:05 am

Canadian Tire Corp. Ltd. says it's closing all its National Sports retail stores to reduce overlap in the company's sporting goods assortment and gain...

CRA locks user accounts

Feb 18, 2021 / 6:36 am

The Canada Revenue Agency says some taxpayers were locked out of their online accounts even though it wasn't the victim of a cyberattack. The tax agency...

Tilray reports $2.9M loss

Feb 18, 2021 / 6:34 am

Tilray Inc. managed to shave down its losses by more than $200 million in its most recent quarter, as it prepared to merge with rival Aphria Inc. later this...

A first for WestJet

Feb 17, 2021 / 3:02 pm

WestJet Airlines Ltd. says it has hired its first chief medical officer. Dr. Tammy McKnight will be charged with developing and implementing initiatives related...

Shell sells shale oil assets

Feb 17, 2021 / 3:00 pm

Crescent Point Energy Corp. says it has struck a deal to buy Alberta oil and gas producing assets from the Canadian arm of Royal Dutch Shell for $900 million....

Slowing economy a concern

Feb 17, 2021 / 12:16 pm

Federal Reserve officials were convinced last month that the U.S. economy and job growth had slowed as coronavirus cases surged across the country, noting that...

7-Eleven to sell booze

Feb 17, 2021 / 10:46 am

7-Eleven's plans to serve alcohol in Ontario may be hard for convenience store patrons to envision — but the Restaurants Canada industry association...

Euro Fords to go electric

Feb 17, 2021 / 10:43 am

Ford is vowing to convert its entire passenger vehicle lineup in Europe to electric power by 2030 in just the latest sign of the seismic technological changes...

Well sites decommissioned

Feb 17, 2021 / 9:50 am

The BC Oil and Gas Commission says it has decommissioned more than half of the province's 770 orphan well sites. It’s a key step on the path to full...

Lumber prices hit record

Feb 17, 2021 / 9:36 am

Homebuyers and renovators hoping for a mid-winter price slump are instead being greeted with new all-time record high prices for lumber and oriented strandboard...

Industrial output climbs

Feb 17, 2021 / 9:34 am

American industry expanded for the fourth consecutive month in January but has yet to recover fully to the level of activity that preceded the pandemic. U.S....

Retail sales jump 5.3%

Feb 17, 2021 / 9:33 am

Those $600 stimulus checks got Americans shopping again. After three months of declines, retail sales soared a seasonally adjusted 5.3% in January from the...

Shopify profits surge

Feb 17, 2021 / 7:07 am

Shopify Inc. reported a fourth-quarter profit of US$123.9 million, up from US$771,000 a year earlier, as its revenue nearly doubled. The e-commerce company,...

Inflation climbs to 1.0%

Feb 17, 2021 / 6:46 am

Statistics Canada says the consumer price index rose 1.0 per cent compared with a year ago as the annual pace of inflation picked up. The reading compared with...

Spartan Delta buys assets

Feb 16, 2021 / 6:28 pm

Calgary producer Spartan Delta Corp. says it has agreed to buy private rival Inception Exploration Ltd. and two packages of oil and gas assets in northwestern...

Hexo grows cannabis share

Feb 16, 2021 / 10:06 am

Hexo Corp. will acquire competitor Zenabis Global Inc. in $235-million deal that will give the cannabis company a European foothold and strengthen its domestic...

Left feeling expendable

Feb 16, 2021 / 9:34 am

As panicked Americans cleared supermarkets of toilet paper and food last spring, grocery employees gained recognition as among the most indispensable of the...

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