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National Business
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Publisac flyer service shutting down in Quebec, leaving local newspapers in limbo
MONTREAL — The owner of Quebec's main flyer distributor announced on Friday it will end the 45-year-old service, forcing more than 50 beleaguered local newspapers to rethink their strategy as well.
Nov 3, 2023 2:47 PM
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US employers pulled back on hiring in October, adding 150,000 jobs in face of higher borrowing rates
WASHINGTON (AP) — The nation’s employers slowed their hiring in October, adding a modest but still decent 150,000 jobs, a sign that the labor market may be cooling but remains resilient despite high interest rates that have made borrowing much costli
Nov 3, 2023 2:31 PM
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Supreme Court will rule on ban on rapid-fire gun bump stocks, used in the Las Vegas mass shooting
WASHINGTON (AP) — The Supreme Court agreed on Friday to decide whether a Trump era-ban on bump stocks , the gun attachments that allow semi-automatic weapons to fire rapidly like machine guns, violates federal law.
Nov 3, 2023 2:28 PM
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RioCan REIT pauses new construction starts amid high interest rates
TORONTO — High interest rates and rising costs have pushed RioCan Real Estate Investment Trust to put a halt to starting any major new construction projects.
Nov 3, 2023 1:33 PM
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Canadian business insolvencies surge almost 42 per cent from last year
OTTAWA — Canadian business insolvencies were up 41.8 per cent from a year earlier in the third quarter, surpassing pre-pandemic levels.
Nov 3, 2023 1:21 PM
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Tim Hortons seeking more afternoon, evening sales as parent reports US$364M profit
TORONTO — Long associated with morning coffee runs and breakfast, Tim Hortons is setting its sights on dominating the second half of the day too. "We are really super excited about the opportunities to be had in the p.m.
Nov 3, 2023 1:17 PM
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Enbridge to purchase U.S. renewable gas facilities for US$1.2 billion
CALGARY — Canadian pipeline giant Enbridge Inc. has signed a deal to purchase seven existing renewable natural gas facilities in Texas and Arkansas for US$1.2 billion.
Nov 3, 2023 12:55 PM
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OSC tribunal approves $8M settlement over RBC accounting practices
TORONTO — The Ontario Securities Commission has approved an $8-million settlement with Royal Bank of Canada over issues with its tracking of costs related to internal software development.
Nov 3, 2023 12:40 PM
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Trans Mountain Corp. issued stop-work order for environmental non-compliance
CALGARY — The company building the Trans Mountain pipeline expansion has been issued a temporary stop-work order due to environmental non-compliance related to a wetland near Abbotsford, B.C.
Nov 3, 2023 11:21 AM
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Canada’s jobless rate rises to 5.7%, fuelling bets Bank of Canada rate hikes are done
OTTAWA — Canada’s unemployment rate rose to 5.7 per cent last month as job opportunities became less plentiful in an economy weighed down by high interest rates.
Nov 3, 2023 10:59 AM
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