Skip to content

National Business

Retail sales down 0.8% in May as consumers reined in spending

Retail sales down 0.8% in May as consumers reined in spending

OTTAWA — Canadians reined in their spending in May as retail sales dropped 0.8 per cent, weighed down by decreases at grocers and alcoholic beverage retailers, Statistics Canada reported on Friday.
Read more >
Retail sales down 0.8 per cent in May led by decreases at food and beverage retailers

Retail sales down 0.8 per cent in May led by decreases at food and beverage retailers

OTTAWA — Statistics Canada says retail sales fell 0.8 per cent to $66.1 billion in May, weighed down by decreases at grocers and alcoholic beverage retailers. The agency says sales were down in eight of the nine subsectors it tracks led by the 1.
Read more >
Possible flight disruptions expected after global tech outage, says Toronto airport

Possible flight disruptions expected after global tech outage, says Toronto airport

TORONTO — Toronto Pearson International Airport says a global technology outage that caused disruptions around the world early Friday morning could lead to flight delays and cancellations throughout the day.
Read more >
ATCO seeks to delay regulatory hearing on excess profits for appeal process

ATCO seeks to delay regulatory hearing on excess profits for appeal process

EDMONTON — A prominent Alberta utility is seeking to delay a hearing on appropriate remedies for gas and electricity rates the province's utilities regulator says were neither reasonable nor justified.
Read more >
Canadian tech firms think capital gains policy change will hinder industry: survey

Canadian tech firms think capital gains policy change will hinder industry: survey

A new survey of Canadian tech companies reveals 90 per cent of respondents think the federal government's changes to its capital gains policy will have a negative effect on the industry.
Read more >
Saskatchewan food bank says it's prepared to reduce hampers by half

Saskatchewan food bank says it's prepared to reduce hampers by half

MOOSE JAW, SASK. — Jason Moore recently took stock of the inventory at the food bank in Moose Jaw, Sask., and realized nothing would be left in two weeks.
Read more >
FDA OKs best-selling e-cigarette Vuse Alto, but only in tobacco flavor

FDA OKs best-selling e-cigarette Vuse Alto, but only in tobacco flavor

WASHINGTON (AP) — Federal health officials on Thursday authorized sales of the best-selling e-cigarette in the U.S., Vuse Alto, allowing manufacturer Reynolds American to keep the vaping brand on the market for years to come.
Read more >
S&P/TSX composite down Thursday, led by base metals; U.S. markets also move lower

S&P/TSX composite down Thursday, led by base metals; U.S. markets also move lower

TORONTO — Losses in the base metals sector led Canada's main stock index lower on Thursday, while U.S. stock markets also fell. The S&P/TSX composite index closed down 124.41 points at 22,726.76.
Read more >
Final hurdle clears for grocery code of conduct as Walmart, Costco sign on

Final hurdle clears for grocery code of conduct as Walmart, Costco sign on

All the major Canadian grocers are now on board for a grocery code of conduct, paving the way for industry guidelines that have been several years in the making.
Read more >
Stock market today: A washout on Wall Street sends stocks, big to small, lower

Stock market today: A washout on Wall Street sends stocks, big to small, lower

NEW YORK (AP) — A widespread washout for U.S. stocks dragged Wall Street lower on Thursday. The S&P 500 dropped 0.8% to pull further from its all-time high set on Tuesday. The Dow Jones Industrial Average tumbled 533 points, or 1.
Read more >