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National Business
Quebecor wants Ottawa to stop Loblaw from offering only Rogers, Bell phone products
The chief executive of Quebecor Inc. is urging Ottawa to intervene in what he calls an "anticompetitive" deal between Loblaw Cos. Ltd.
May 22, 2024 3:41 PM
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Canada Infrastructure Bank lends $75M to B.C. ferry service for zero-emission vessels
VANCOUVER — Canada Infrastructure Bank is lending $75 million to British Columbia's ferry service to help buy four zero-emission vessels and install electric charging infrastructure.
May 22, 2024 2:57 PM
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Employers rethink value of employee connections in era of remote work: report
TORONTO — The rise of remote work has led to a loss of workplace social connections that is negatively affecting employees, a new report suggests.
May 22, 2024 2:54 PM
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CPP Investments earned 8% in latest fiscal year, net assets rose to $632 billion
TORONTO — Canada's biggest pension fund earned an eight per cent return last year, but significantly underperformed the 19.9 per cent return of its reference portfolio.
May 22, 2024 2:50 PM
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Shopify CEO Tobi Lütke joins Meta advisory council along with other tech leaders
TORONTO — Shopify Inc.'s founder and chief executive Tobi Lütke has joined a group that Facebook and Instagram's parent company has set up to advise its leadership. Meta Platforms Inc.
May 22, 2024 2:37 PM
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Federal Reserve minutes: Policymakers saw a longer path to rate cuts
WASHINGTON (AP) — After several unexpectedly high inflation readings , Federal Reserve officials concluded at a meeting earlier this month that it would take longer than they previously thought for inflation to cool enough to justify reducing their k
May 22, 2024 2:34 PM
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CAE's defence business takes $700M hit as fixed-price contracts drag down earnings
MONTREAL — CAE Inc. expects to report a half-billion-dollar loss for its fourth quarter after massive one-time charges linked to its beleaguered defence business.
May 22, 2024 2:17 PM
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Mortgage lending among top risks facing financial system: OSFI
OTTAWA — Canada's banking regulator says real estate secured lending and mortgages are among the top risks facing the country's financial system as higher interest rates put pressure on borrowers.
May 22, 2024 1:11 PM
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‘Geopolitical tensions’ mean more business for Héroux-Devtek, as defence needs rise
MONTREAL — Global strife has boosted demand for Héroux-Devtek Inc. wares, with the continued rebound in commercial travel adding to its record sales last quarter, said CEO Martin Brassard. "The aerospace industry outlook remains very strong.
May 22, 2024 12:57 PM
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Imperial starts production at new oilsands project using lower-emissions technology
CALGARY — Imperial Oil Ltd. says it has started production at its new Grand Rapids oilsands project located at its Cold Lake operating site. The Calgary-based company, which is majority owned by U.S.
May 22, 2024 12:07 PM
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