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Bombardier aerostructures sale comes into question, dragging shares to new low
MONTREAL — Bombardier Inc. shares fell to a new low Tuesday after Spirit AeroSystems said some closing conditions on its planned acquisition of Bombardier's aerostructures business remain unmet, injecting a degree of uncertainty into the deal.
Sep 22, 2020 4:19 PM
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For small businesses that survive COVID, recovery is expected to be difficult
TORONTO — Having 12 cases of mini eggs on hand sounds like the makings of a grandiose Easter hunt or the ultimate way to soothe a sweet tooth, but for Josie Rudderham, the confections have put her in quite the crunch.
Sep 22, 2020 3:46 PM
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Ford Canada, Unifor reach tentative deal that includes $2B in EV contracts
TORONTO — Ford Motor Company of Canada Ltd. has agreed to spend nearly $2 billion on its Canadian plants as part of tentative contract deal with Unifor announced Tuesday. Under the proposed settlement, Unifor national president Jerry Dias said $1.
Sep 22, 2020 3:32 PM
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North American stock markets rebound despite concerns about COVID, U.S. gridlock
TORONTO — The technology sector helped North American stock markets to bounce back despite ongoing concerns about COVID-19 infections and U.S. political gridlock. The S&;P/TSX composite index closed up 161.12 points at 16,142.89.
Sep 22, 2020 3:21 PM
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Mall titan Brookfield, Ralph Lauren both reducing workforce
NEW YORK — Brookfield Properties, one of the nation's largest mall operators, is cutting 20% of its workforce in its retail division, as the pandemic has accelerated online shopping and resulted in a string of store closings.
Sep 22, 2020 3:04 PM
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US homes sales rise 2.4% in August
SILVER SPRING, Md. — Sales of existing homes rose 2.4% in August to its highest level since 2006 as the housing market recovers from a widespread shutdown in the spring brought on by the coronavirus outbreak.
Sep 22, 2020 1:07 PM
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Inter Pipeline signs deal to sell majority of European storage business
CALGARY — A year after putting its European bulk liquid storage business on the block, Inter Pipeline Ltd. has signed a deal to sell most of it to the Madrid-based CLH Group for $715 million.
Sep 22, 2020 12:26 PM
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Atlantic Canada airports estimate 92 per cent drop in summer travel
HALIFAX — Atlantic Canada's airports say they need more money from the federal government to cope with a massive decline in airline traffic owing to the COVID-19 pandemic.
Sep 22, 2020 11:21 AM
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Dye & Durham buying U.K. company Property Information Exchange for $52.9M
TORONTO — Cloud software company Dye & Durham Ltd. of Toronto has signed a deal to buy U.K.-based rival Property Information Exchange Ltd. for $52.9 million.
Sep 22, 2020 10:11 AM
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Canadian auto workers extend Ford contract, delay strike
DETROIT — The union that represents Canadian auto workers has extended its contract with Ford beyond its original Monday night deadline, a sign that progress is being made toward an agreement.
Sep 22, 2020 9:37 AM
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