Skip to content

National Business

Canfor to build new manufacturing facility after closure of Houston, B.C., sawmill

Canfor to build new manufacturing facility after closure of Houston, B.C., sawmill

Vancouver-based Canfor has announced plans to build a new manufacturing facility in Houston, B.C., about eight months after the forestry firm shut down its sawmill in the same community of about 3,000 residents.
Read more >
Canopy Growth lands creditor protection for BioSteel business, intends to sell brand

Canopy Growth lands creditor protection for BioSteel business, intends to sell brand

Tired of its sports drink business weighing on its books, Canopy Growth Corp. is making moves to shed the division. The Smiths Falls, Ont.
Read more >
Consumers still hungry for leisure travel, despite inflation, rate hikes: Transat CEO

Consumers still hungry for leisure travel, despite inflation, rate hikes: Transat CEO

MONTREAL — Canadians are still gung-ho for travel to sun-splashed resorts and European getaways, in spite of higher inflation and interest rates, says Transat AT Inc. chief executive Annick Guérard.
Read more >
Most actively traded companies on the Toronto Stock Exchange

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (20,567.84, up 288.90 points): Canopy Growth Corp. (TSX:WEED). Healthcare. Up 14 cents, or 8.97 per cent, to $1.70 on 22.
Read more >
S&P/TSX composite rises almost 300 points, U.S. stock markets also rally

S&P/TSX composite rises almost 300 points, U.S. stock markets also rally

TORONTO — Canada's main stock index gained almost 300 points on a broad-based rally led by base metal stocks as the price of oil reached US$90 per barrel, while U.S. stock markets also rose.
Read more >
Stock market today: Wall Street climbs as stocks worldwide rise

Stock market today: Wall Street climbs as stocks worldwide rise

NEW YORK (AP) — Stocks rose on Wall Street after a blizzard of reports suggested the U.S. economy is still humming, though inflation may be too. The S&P 500 climbed 0.8% Thursday. The Dow rose 331 points and the Nasdaq composite added 0.8%.
Read more >
Last defendant sentenced in North Dakota oil theft scheme

Last defendant sentenced in North Dakota oil theft scheme

The last of four men charged in a scheme to steal millions of dollars worth of crude oil in western North Dakota has been sentenced.
Read more >
Grocer Empire reports Q1 profit and sales up from year ago

Grocer Empire reports Q1 profit and sales up from year ago

STELLARTON, N.S. — Empire Co. Ltd. earned $261.0 million in its latest quarter, up from $187.5 million in the same quarter last year, boosted by the sale of its 56 gas stations in Western Canada to Shell Canada, the grocer said Thursday.
Read more >
Major life insurers taking steps, but falling short on climate action: report

Major life insurers taking steps, but falling short on climate action: report

TORONTO — A new report from an advocacy group finds two of Canada's biggest insurers are taking steps toward climate action, but still have a ways to go. The report from Investors for Paris Compliance says climate action from Sun Life Financial Inc.
Read more >
Robert Miller, accused of paying minors for sex, to sell Future Electronics for $5B

Robert Miller, accused of paying minors for sex, to sell Future Electronics for $5B

Montreal billionaire Robert Miller, who faces a class-action lawsuit alleging he paid underage girls for sex, is selling his company Future Electronics Inc. for more than $5 billion to a Taiwanese semiconductor distributor. WT Microelectronics Co.
Read more >