News-Business

Ford recalls 117,000 vehicles due to seat, seat belt safety defect 26 July 2017, 8:21 pm


The recall involves the 2014 F-series pickup, 2014 E-series van, 2014-2015 Ford Escape and the 2015 Lincoln MKC SUV. 20,681 of the affected vehicles are in Canada.

Ford reports better-than-expected profits on tax changes despite lower sales 26 July 2017, 6:25 pm


Net income rose 4 per cent to $2 billion (U.S.) for the automaker, but CEO Jim Hackett said the company still needs to get much more fit and nimble.

Tembec sees second-quarter profit boost ahead of takeover vote 26 July 2017, 6:20 pm


The forestry company says it earned $17 million in its last quarter, up from $9 million in the same quarter a year ago.

U.K. follows France in banning new gas and diesel cars by 2040 26 July 2017, 6:12 pm


Britain’s new clean-air strategy also will make more than £255 million available for local governments to take short-term action against climate change.

Ontario invests $3M in 3D movie, digital jobs in Toronto 26 July 2017, 6:06 pm


Province pledges $3.1 million to support almost 300 jobs at 3D movie production company

Coke exceeds profit estimates through cost cutting, higher prices 26 July 2017, 6:05 pm


A combination of cost cutting and higher drink prices helped the company weather sales declines, brought on in part by efforts to spin off its bottling operations around the world.

Toronto housing market downturn will be short-lived, CMHC says 26 July 2017, 5:44 pm


In its latest housing market assessment released today, CMHC kept its overall risk rating for the national housing market at strong.

Switch fuels Nintendo profits, sales, beating analyst estimates 26 July 2017, 5:33 pm


Operating profit for April-June, the Switch’s first full quarter on store shelves, was 5.6 billion yet higher than expected.

Average price of a Toronto condo cracks $500,000 26 July 2017, 5:25 pm


The average condo cost $532,032 — 28.1 per cent higher than the second quarter last year according to the Toronto Real Estate Board.

Chipotle hopes new queso dish will be a saviour after health scares 26 July 2017, 5:00 pm


After a norovirus outbreak last week, the company says it needs “new news.”

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