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National Business
National Business
Nordstrom to be acquired by Nordstrom family and a Mexican retail group in $6.25 billion deal
Century-old department store Nordstrom has agreed to be acquired and taken private by Nordstrom family members and a Mexican retail group in a $6.25 billion deal with the industry being squeezed by discount chains and other competition.
Dec 23, 2024 1:09 PM
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Ottawa names new president and CEO of Export Development Canada
OTTAWA — The federal government has named Alison Nankivell the new president and chief executive officer of Export Development Canada, succeeding Mairead Lavery who helmed the Crown corporation for the past six years.
Dec 23, 2024 11:51 AM
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Nissan and Honda to attempt a merger that would create the world's No. 3 automaker
TOKYO (AP) — Japanese automakers Honda and Nissan have announced plans to work toward a merger that would form the world’s third-largest automaker by sales, as the industry undergoes dramatic changes in its transition away from fossil fuels.
Dec 23, 2024 11:28 AM
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Manitoba government to reinstate fuel tax, but at a reduced rate
WINNIPEG — The Manitoba government is ending its yearlong fuel tax holiday but bringing back the levy at a lower rate.
Dec 23, 2024 11:25 AM
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Vermilion Energy announces $1B deal to buy Westbrick, bolstering scale in Deep Basin
CALGARY — Oil and gas producer Vermilion Energy Inc. says it is acquiring privately held Westbrick Energy Ltd. for $1.075 billion.
Dec 23, 2024 10:14 AM
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Statistics Canada reports real GDP grew 0.3 per cent in October
OTTAWA — Statistics Canada says the economy grew 0.3 per cent in October, helped by strength in the mining, quarrying, and oil and gas extraction sector, following a 0.2 per cent increase in September.
Dec 23, 2024 10:05 AM
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CN, railworkers strike new deal avoiding potential strike
OTTAWA — The union representing some 3,000 railworkers says it has reached a new deal with Canadian National Railway Co.
Dec 22, 2024 4:29 PM
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It was Grandma, in the cafe with a Scrabble tile: Game cafes are big holiday business
CALGARY — It’s the holidays, which means for many across the Prairies, there’s no better time to get locked in a dungeon with a dragon. Or smoke out Colonel Mustard in the billiard room with the revolver.
Dec 22, 2024 8:00 AM
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How changing demographics and tastes are shaping Canada's grocery stores
It’s mid-December at a large supermarket in Mississauga, Ont., and Christmas music plays softly over the speakers as customers roam the aisles, picking the perfect lemon and eyeing the large olive counter in the middle of the store.
Dec 22, 2024 6:00 AM
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New rules clarify when travellers are compensated for flight disruptions
TORONTO — The federal government is proposing new rules surrounding airlines' obligations to travellers whose flights are disrupted, even when delays or cancellations are caused by an "exceptional circumstance" outside of carriers' control.
Dec 21, 2024 12:14 PM
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