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Business
The US sanctions more foreign firms in a bid to choke off Russia’s supplies for its war in Ukraine
WASHINGTON (AP) — The United States on Thursday imposed a new round of sanctions on…
PM urged to back off digital tax before White House hemispheric trade summit Friday
WASHINGTON – Business leaders are seizing on Prime Minister Justin Trudeau’s trip to Washington on…
Greater Toronto home sales drop 5.8 per cent in October amid high borrowing costs
TORONTO – Greater Toronto home sales fell 5.8 per cent last month compared with October…
Maple Leaf Foods posts smaller loss of $4.3M in Q3 as market challenges ease
TORONTO – The head of Maple Leaf Foods Inc. said he’s confident the company has…
Canadian Natural president Tim McKay to retire, Scott Stauth to be promoted to role
CALGARY – Canadian Natural Resources Ltd. president Tim McKay will retire next year after a…
Gildan Activewear reports lower earnings, rising sales in third quarter
MONTREAL – Gildan Activewear Inc. says it earned US$127.4 million in the third quarter, down…
Nutrien optimistic on potash demand as earnings continue to take hit from volatility
The unprecedented volatility in fertilizer markets that’s contributed to Nutrien Ltd.’s lower earnings so far…
Cogeco reports decline in profit despite record quarterly internet customer additions
MONTREAL – Cogeco Inc. reported a profit attributable to shareholders of $29.2 million in its…
Housing supply still outpacing demand in Vancouver market as sales increase
VANCOUVER – The Real Estate Board of Greater Vancouver says the region continues to see…
October new vehicle sales up 20 per cent: DesRosiers
TORONTO – DesRosiers Automotive Consultants Inc. says new vehicle sales defied affordability headwinds to rise…
TransAlta buying Heartland in deal worth $658 million including assumed debt
CALGARY – TransAlta Corp. has signed a deal to buy Heartland Generation Ltd. and its…
Saputo closing facility in Lancaster, Wisc., about 100 employees affected
MONTREAL – Saputo Inc. says it is closing its facility in Lancaster, Wis., and plans…
Ferry that ran aground and leaked oil off Sweden’s coast is towed back into a harbor
STOCKHOLM (AP) — A ferry that ran aground last month off southeastern Sweden and started…
Bell CEO says fibre internet build could slow if regulatory decisions unfavourable
While BCE Inc. is “well on track” to meet its fibre internet build targets, the…
Panama’s Assembly looks to revoke contract for Canadian mining company after public outcry
PANAMA CITY (AP) — Facing a second week of impassioned, nationwide protests, Panama’s National Assembly…
Shopify reports strong profit amid lower head count, strategy shift
Shopify Inc.’s net income soared to US$718 million in its third quarter as the company…
Lightspeed makes relocation easier as LGBTQ+ workers seek safety
When a wave of anti-LGBTQ+ laws swept across the U.S. over the summer, Lightspeed Commerce…
Cutting back on spending and waste, one stitch at a time
TORONTO – Mending clothes was a regular part of growing up for Anna-Marie Janzen, who…
Parkland Corp. delivers strong quarter in wake of activist investor push
CALGARY – Less than 12 months after an activist investor critiqued its performance, fuel retailer…
Local state of emergency in Harrison Hot Springs, B.C., as two water pumps fail
HARRISON HOT SPRINGS, B.C. – A state of local emergency has been declared in the…
US applications for jobless benefits inch higher but remain at historically healthy levels
The number of Americans applying for jobless benefits inched up last week but remains low…
Bank of England keeps main UK interest rate at 15-year high of 5.25% and cautions over oil prices
LONDON (AP) — The Bank of England kept its main interest rate unchanged on Thursday…
Barrick Gold reports US$368M Q3 profit, up from US$241M a year ago
TORONTO – Barrick Gold Corp. reported a third-quarter profit of US$368 million, up from US$241…
Countries at a UK summit pledge to tackle AI’s potentially ‘catastrophic’ risks
BLETCHLEY PARK, England (AP) — Delegates from 28 nations, including the U.S. and China, agreed…