News-Business

Statistics Canada reports wholesale sales fell 0.1% to $63.6B in August 22 October 2018, 7:33 pm


StatsCan reports a drop in sales in four of seven subsectors, including building material and supplies, motor vehicle and parts, machinery, equipment and supplies. Meanwhile, the machinery, equipment and supplies subsector increased 2.2 per cent to $13.3 billion, the highest level on record.

Sales practice complaints soar, CRTC hearing told 22 October 2018, 7:09 pm


Complaints over sales practices are outpacing the rise in overall complaints related to telecom and TV services, telecom ombudsman tells public hearing.

CP Rail chief sees a boom in oil loads amid pipeline pinch 22 October 2018, 5:16 pm


Canadian Pacific Railway may match or exceed its record 2014 pace of 110,000 crude carloads next year as a pipeline crunch stokes demand for shipping by train.

Lululemon founder considers retaking board seat as feud simmers 22 October 2018, 5:05 pm


Chip Wilson is one of Canada’s richest people, with a $3.6 billion fortune, including a $2.4 billion stake in Lululemon

Material, financial stocks weigh on Toronto stock market, loonie flat 22 October 2018, 3:43 pm


The S&P/TSX composite index ended down 57.4 points at 15,412.70 as the cannabis-heavy health-care index also dropped.

Hasbro takes third quarter earnings hit, blames Toys ‘R’ Us 22 October 2018, 1:58 pm


Toys “R” Us’s long fall in the U.S. continues to wreak havoc in the toy industry, with toy makers like Hasbro taking hits as they struggle to find new partners to sell their products.

Bombardier sues Mitsubishi over alleged theft of aircraft trade secrets 22 October 2018, 1:56 pm


The Quebec aerospace company alleges some of its own former employees passed on documents containing trade secrets to Mitsubishi before going to work for the company.

David Olive: Natural gas megaproject in B.C. fuels global boom 22 October 2018, 9:00 am


The wraps have come off LNG projects this year in the U.S., with other huge facilities to be approved in 2019 in Qatar, Russia and Mozambique.

Jennifer Wells: Facebook ‘friends’ a European expert. Will it help Mark Zuckerberg? 22 October 2018, 9:00 am


The social media giant has hired former U.K. deputy PM Nick Clegg, but the company’s troubles actually start at the top, writes Jennifer Wells.

Richard Parsons steps down as interim chairman of CBS board 22 October 2018, 1:04 am


The shakeup complicates an already difficult time for CBS, which has spent most of the past year fighting scandal on multiple fronts.

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