Skip to content

National Business

Kim Kardashian West sells stake in beauty brand for $200M

Kim Kardashian West sells stake in beauty brand for $200M

NEW YORK — Kim Kardashian West is selling a stake in her beauty brand for $200 million, in a deal that values the TV reality star's three-year-old business at $1 billion. The buyer is Covergirl owner Coty Inc.
Read more >
Cineplex loses $178.4M in first quarter as revenues plunge with theatre closures

Cineplex loses $178.4M in first quarter as revenues plunge with theatre closures

TORONTO — Theatre operator Cineplex Inc. says the COVID-19 pandemic has had a "material negative effect" on its operations and resulted in a $178.4-million loss in the first quarter. The Toronto-based company says in delayed results that it lost $2.
Read more >
Moe says reopen dates coming for nearly all businesses in Saskatchewan

Moe says reopen dates coming for nearly all businesses in Saskatchewan

REGINA — Saskatchewan Premier Scott Moe says details are coming soon on when nearly all businesses in the province will be allowed to reopen, signalling an end to the financial support to get them through the COVID-19 pandemic lockdown.
Read more >
Alimentation Couche-Tard Q4 profits nearly doubles despite lower revenues

Alimentation Couche-Tard Q4 profits nearly doubles despite lower revenues

Alimentation Couche-Tard Inc. beat expectations as it capped its fiscal year with profits nearly doubling in the fourth quarter despite a revenue decrease mainly due lower fuel demand because of COVID-19. The Laval, Que.
Read more >
Most actively traded companies on the TSX

Most actively traded companies on the TSX

TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (15,389.72, up 200.74 points.) Suncor Energy Inc. (TSX:SU). Energy. Up 88 cents, or 3.95 per cent, to $23.16 on 10.8 million shares.
Read more >
Lululemon, MEC, Arc'teryx and Moosehead Breweries join Facebook ad boycott

Lululemon, MEC, Arc'teryx and Moosehead Breweries join Facebook ad boycott

Canadian companies are joining a growing list of top international brands vowing not to advertise on Facebook Inc. in July because of the company's refusal to deal with the spread of hateful content on its platform.
Read more >
Toronto stock market starts week with broad rally led by energy sector

Toronto stock market starts week with broad rally led by energy sector

TORONTO — Canada's main stock index got a lift to start a holiday-shortened week with a broad-based rally led by the energy sector. The month of June looks set to end with the same trajectory as April and May, in a rebound from the March lows.
Read more >
Lululemon buys in-home fitness company Mirror in $500-million deal

Lululemon buys in-home fitness company Mirror in $500-million deal

TORONTO — Lululemon Athletica Inc. has entered into an agreement to acquire in-home fitness company Mirror.
Read more >
Hootsuite names new CEO to replace founder amid 'reckoning' for social media

Hootsuite names new CEO to replace founder amid 'reckoning' for social media

VANCOUVER — Hootsuite has named a new CEO to replace founder Ryan Holmes after his 12 years at the helm of the Vancouver-based tech company.
Read more >
Cirque du Soleil files for creditor protection, terminates 3,480 jobs

Cirque du Soleil files for creditor protection, terminates 3,480 jobs

MONTREAL — The Cirque du Soleil, whose aerobatic shows have been halted by COVID-19, has filed for creditor protection while it develops a plan to restart its business.
Read more >