Business News

Husky stations sale stopped

Apr 6, 2021 / 9:30 am

The CEO of Cenovus Energy Inc. says a pending sale of Husky Energy Inc.'s chain of retail fuel stations was halted as part of the $3.8-billion all-stock...

The rise of NFTs

Apr 6, 2021 / 9:27 am

The first time most Canadians heard the term "non-fungible tokens" was likely after a recent blockbuster Christies auction for a piece of digital art....

Industry optimism rising

Apr 6, 2021 / 9:21 am

The head of the Canadian Association of Petroleum Producers says predictions of the end of the oil industry during a global price war and the pandemic a year...

T.O. home sales up 97%

Apr 6, 2021 / 7:22 am

Home prices in the Toronto area continued to climb in March while sales were almost double that of the same month a year earlier, when the rapid spread of...

Gig workers hope for EI

Apr 6, 2021 / 7:20 am

Ryan G. Hinds longs for the days of walking through the halls of a theatre and seeing musicians warm up, stage managers chit-chatting and technicians sharing a...

Oil jobs in jeopardy

Apr 6, 2021 / 7:13 am

A report by TD Bank suggests up to three-quarters of those working in the oil and gas sector could lose their jobs over the next three decades as Canada works...

Record growth forecast

Apr 6, 2021 / 7:10 am

The rollout of COVID-19 vaccines and vast sums of government aid will accelerate global economic growth to a record high this year in a powerful rebound from...

Rogers deal under scope

Apr 6, 2021 / 7:03 am

A review of the proposed $26-billion purchase of Shaw Communications by Rogers Communications continues into its third day in Ottawa today before a committee of...

Minimum corporate tax?

Apr 6, 2021 / 6:55 am

Canada is likely to benefit from the U.S. government's decision to campaign for a global minimum on corporate tax rates, experts said Monday after a major...

A make or break summer

Apr 5, 2021 / 10:39 am

Tourism businesses around Banff and Lake Louise rely on the critical summer months to sustain themselves throughout the year, earning around 50 to 60 per cent...

Transat shares plunge

Apr 5, 2021 / 8:10 am

Transat AT shares plunged as much as 22.6 per cent in the first day of trading after Air Canada pulled the plug on its takeover of the Montreal-based tour...

TSX hits record high

Apr 5, 2021 / 8:07 am

Canada's main stock index set a record high in early trading to start the trading week and U.S. stock markets moved higher after a strong U.S. jobs report...

LG quits phone business

Apr 5, 2021 / 7:08 am

South Korean electronics maker LG said Monday it is getting out of its loss-making mobile phone business to focus on electric vehicle components, robotics,...

Stock markets holders win

Apr 4, 2021 / 7:50 am

When the bottom fell out of North American stock markets a year ago, few investors would have imagined how unsettled the world would remain a year later, even...

Essential workers worried

Apr 2, 2021 / 7:23 pm

Some essential workers fear the latest "shutdown" Premier Doug Ford is imposing on Ontario will do little to protect them from COVID-19. The measures...

Air Canada, Transat deal dies

Apr 2, 2021 / 2:15 pm

Transat AT is considering its options after a deal that would have seen Canada's largest airline acquire its smaller travel rival officially died on Friday...

OPEC to boost output

Apr 1, 2021 / 11:00 am

The OPEC oil cartel and allied countries said Thursday that they have decided to add gradually add back some 2 million barrels per barrel per day of oil...

Online car buying revs up

Apr 1, 2021 / 9:16 am

William Mellor knew he wanted a 2015 Ford Mustang – a 50th anniversary edition of the sporty American automobile. He set up alerts through various vehicle...

US jobless claims jump

Apr 1, 2021 / 9:14 am

The number of Americans applying for unemployment benefits rose by 61,000 last week to 719,000, signalling that many employers are still cutting jobs even as...

Triple-digit market gain

Apr 1, 2021 / 7:31 am

Gains in the technology and industrial sectors helped Canada's main stock index post a triple-digit advance in early trading, while U.S. stock markets also...