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Updated: 1 hour 18 min ago

Dow loses 700 points as trade war roils markets

Mon, 08/05/2019 - 07:36

New York stock indexes dropped more than two per cent Monday, as investors continued to deal with the fallout of the China-U.S. trade war.

Drug industry urges Canada to move against U.S. drug import plan

Mon, 08/05/2019 - 06:50

Canada's main pharmaceutical lobby group is urging the government not to wait for drug shortages before responding to U.S. plans to import Canadian drugs, according to documents seen by Reuters.

Chinese yuan falls to 11-year low amid trade tensions

Mon, 08/05/2019 - 05:41

China's yuan fell below the politically sensitive level of seven to the U.S. dollar on Monday, adding to trade tension with Washington.

Iran seizes Iraqi oil tanker it claims was smuggling fuel in Gulf

Sun, 08/04/2019 - 13:00

Iranian Revolutionary Guards seized an Iraqi oil tanker in the Gulf which they said was smuggling fuel and detained seven crewmen, Iran's state media reported on Sunday, in a show of power amid heightened tension with the West.

'It was horrible': Sunwing passengers booked via FlightHub left stranded at the airport

Sun, 08/04/2019 - 01:00

Two Sunwing passengers who booked their flights using travel agency FlightHub found out at the airport that their flight no longer existed. Following a CBC News inquiry, Sunwing reimbursed the passengers, but didn't say who's to blame.

It may look like a Zamboni but this steam machine targets weeds, not ice

Sat, 08/03/2019 - 01:00

It may look a little like a Zamboni, but a Saskatchewan farmer has unveiled a machine that will target weeds with steam, not herbicides.

CRTC tells wireless companies to stop offering 3-year contracts again

Fri, 08/02/2019 - 12:49

Canada's telecom regulator is asking major wireless companies to stop offering cellphone plans in which the cost of the phone is spread out over three years because those offerings may contravene the wireless code.

Ed Sheeran sets all-time highest-grossing tour record at $736M

Fri, 08/02/2019 - 11:00

Trade publication, Pollstar, confirms British singer Ed Sheeran's Divide tour will set the all-time highest-grossing tour record.

Imperial Oil posts strong 2nd-quarter results due to oilsands growth, Alberta tax cuts

Fri, 08/02/2019 - 09:19

Imperial Oil Ltd. is reporting second-quarter results that beat analyst expectations on the back of strong oilsands output and an allowance for lower future Alberta corporate taxes.

Aphria first Canadian cannabis company to turn a profit, records $128M quarter

Fri, 08/02/2019 - 08:48

Aphria, Inc. reported a 75 per cent increase in net revenue for its fourth quarter this week, ending the fiscal year with big plans for the future. 

Exports fell in June, pulling Canada's trade surplus down to $136M

Fri, 08/02/2019 - 07:16

Statistics Canada says Canada's trade surplus fell to $136 million in June, as exports -- especially oil -- fell from a record high previously.

China warns of retaliation after Trump threatens fresh tariffs

Fri, 08/02/2019 - 04:48

China has warned of retaliation after U.S President Donald Trump vowed to slap a 10 per cent tariff on $300 billion US of Chinese imports, sharply escalating a trade row between the two countries.

Why it's not so easy to let passengers leave a plane delayed on the tarmac

Fri, 08/02/2019 - 01:00

At an airport in Rome recently, 336 Air Transat passengers sat in a plane on the tarmac for six hours. Why can't passengers just leave an aircraft that is delayed? CBC News explains.

Trump announces new 10% tariff on another $300B worth of Chinese goods

Thu, 08/01/2019 - 10:52

U.S. President Donald Trump has intensified pressure on China to reach a trade deal by saying that beginning Sept. 1 he will impose 10 per cent tariffs on the remaining $300 billion in Chinese imports he hasn't already taxed.

CMHC sees 'moderate overvaluation' in Canada's housing market, but little vulnerability overall

Thu, 08/01/2019 - 10:08

After waving a red flag of warning about Canada's housing market for more than two years, Canada's national housing agency says the overall level of vulnerability has inched down from high to moderate over the past six months.

Capital One contacting those impacted by data breach beginning next week

Thu, 08/01/2019 - 09:40

Capital One says its customers who were impacted by a massive data breach will be contacted by either letter or email.

Thomson Reuters to sell Refinitiv to London Stock Exchange Group

Thu, 08/01/2019 - 09:13

Thomson Reuters Corp. and its partners confirmed Thursday a $27 billion US deal to sell the Refinitiv financial information business to the London Stock Exchange Group (LSE), creating a data giant that the Toronto-headquartered multinational expects to reap future benefits from.

SNC-Lavalin slashes dividend to 2 cents a share after posting $2.1B quarterly loss

Thu, 08/01/2019 - 06:38

SNC-Lavalin Group Inc on Thursday cut its dividend and reported a quarterly loss, as the struggling Canadian construction and engineering firm was hit by a $1.7 billion goodwill impairment charge related to its resources unit.

Oilsands CEOs take federal election message to voters in full-page newspaper ads

Thu, 08/01/2019 - 05:37

Three of Canada's biggest oilsands producers are going directly to voters to ask them to "influence the outcome" of big decisions concerning the oil and gas sector as a fall federal election looms.

New credit card payment rules for Quebecers take effect today

Thu, 08/01/2019 - 04:38

The new rules require banks to set a minimum payment of at least two per cent of the balance owing starting Aug. 1. It will eventually rise to five per cent.

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