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Updated: 2 hours 23 min ago

Shares in Twitter Inc. rise 10% as new users, advertisers join the platform

Fri, 07/26/2019 - 08:38

Twitter Inc. on Friday reported better-than-expected second-quarter revenue as design changes to its microblogging website attracted more users and advertisers, sending its shares up 10 per cent.

2 Sunwing Airlines workers among 11 charged in drug ring 'centred at' Toronto's Pearson airport

Fri, 07/26/2019 - 07:59

Two Sunwing employees accused of importing cocaine through Toronto's Pearson airport are among 11 people facing dozens of drug-trafficking charges after an undercover operation led by Kitchener RCMP and involving law enforcement in southern Ontario.

Canada's new cannabis licencing favours richer companies, experts say

Fri, 07/26/2019 - 07:06

A new licencing process for legal cannabis producers in Canada limits the ability of smaller companies to attract investment, which could leave the fledgling industry dominated by companies with deep pockets or those who got a foot in the door prior to regulation changes in May, industry executives said.

Cannabis company CannTrust fires CEO and chair in wake of illegal growing

Fri, 07/26/2019 - 05:46

The Ontario-based cannabis company that was caught by Health Canada for growing the drug in unlicensed greenhouses has fired its CEO and the chair of the board in a major corporate shakeup.

U.S. judge slashes $2B verdict against Bayer to $86M in Roundup case

Thu, 07/25/2019 - 19:42

A California judge on Thursday reduced a $2 billion US jury verdict, slashing the award for a couple who blamed Bayer AG's glyphosate-based weed killer Roundup for their cancer to $86.7 million US.

Oilsands mine in public interest despite 'significant adverse' effects, panel says

Thu, 07/25/2019 - 15:24

A federal-provincial panel says a proposed northeastern Alberta oilsands mine would be in the public interest, even though it would be likely to significantly harm the environment and Indigenous people.

Starbucks beats Q3 forecasts, raises full-year projections

Thu, 07/25/2019 - 15:22

Based on the strong results, the Seattle-based coffee giant raised its full-year earnings guidance. It now expects adjusted earnings of $2.80 to $2.82 per share, up from $2.75 to $2.79. It also said it expects global same-store sales growth of 4 per cent, which is at the higher end of its previous forecast.

Enbridge open to rerouting Line 5 pipeline around reservation in Wisconsin

Thu, 07/25/2019 - 14:06

Enbridge Inc. said on Thursday it will consider rerouting its Line 5 oil pipeline after a First Nation in Wisconsin sued the company in a bid to get the pipeline moved off its reservation.

Google parent company Alphabet Inc. posts $9.95 billion earnings for 2nd quarter

Thu, 07/25/2019 - 13:58

Alphabet Inc. on Thursday reported second-quarter earnings of $9.95 billion US. On a per-share basis, the Mountain View, California-based company said it had profit of $14.21, exceeding analysts' expectations.

Amazon reports $2.63B in 2nd quarter earnings, falling short of Wall Street expectations

Thu, 07/25/2019 - 13:39

Amazon.com Inc. on Thursday reported second-quarter earnings of $2.63 billion. The Seattle-based company said it had profit of $5.22 per share.

Helicopter belonging to missing Quebec businessman found

Thu, 07/25/2019 - 12:30

After more than two weeks of searching, provincial police believe they have found the missing helicopter piloted by Quebec entrepreneur Stéphane Roy. Roy and his 14-year-old son haven't been seen since July 11.

Federal agency staff cleared of wrongdoing in internal SNC-Lavalin bribery investigation

Thu, 07/25/2019 - 11:59

Staff at Export Development Canada were unaware that money it was lending to engineering giant SNC-Lavalin could have financed bribes in Angola, the Crown corporation said Thursday.

Oilsands companies boost Q2 net incomes by $2 billion thanks to Alberta tax cuts

Thu, 07/25/2019 - 11:10

The Alberta government's move to cut corporate taxes from 12 to eight per cent has added more than $2 billion to second-quarter net incomes of major oilsands producers Suncor Energy Inc., Husky Energy Inc. and Cenovus Energy Inc.

Auxly Cannabis signs $123M deal with tobacco giant Imperial Brands

Thu, 07/25/2019 - 10:19

Imperial Brands is the latest multinational company to step into the Canadian pot industry, signing a $123-million investment deal with Auxly Cannabis Group that includes a research and development partnership and gives the Vancouver firm the global licences to the British tobacco giant's vaping technology.

European Central Bank holds rates, but paves way for possible stimulus

Thu, 07/25/2019 - 07:56

The European Central Bank rate-setting board left its key interest benchmarks unchanged at a policy meeting Thursday but said it could cut them as its next move. It also said it was telling staff to study ways to restart its bond-buying stimulus program in coming weeks.

China will consider buying more U.S. farm goods, as trade talks set to resume

Thu, 07/25/2019 - 07:29

A government spokesman says Chinese companies have expressed willingness to import U.S. farm goods as envoys prepare to meet next week for talks aimed at ending a tariff war. U.S. Treasury Secretary Steven Mnuchin said in Washington the countries will hold two days of talks soon.

Boeing considers pausing production of troubled 737 Max jets

Thu, 07/25/2019 - 06:04

Boeing's CEO says the company will consider temporarily shutting down production of the 737 Max if the plane's return is significantly delayed beyond the company's October forecast.

Royal Navy to escort British-flagged vessels in contentious Hormuz waters

Thu, 07/25/2019 - 05:40

The Royal Navy will accompany "British-flagged vessels" through the Strait of Hormuz to defend freedom of navigation, after previously saying it did not have the military resources to do so.

When Canada was big in the roller skates business

Thu, 07/25/2019 - 05:30

In 1980 the disco roller-skating fad was going strong in Canada, where manufacturing the new boots was a multi-million dollar business.

Fake honey still pouring into Canada, and local beekeepers are feeling the sting

Thu, 07/25/2019 - 01:00

Fake honey cut with corn syrup, rice, beet and other sugars is still pouring into Canada and onto grocery store shelves. Local producers have been abuzz about the food fraud for years. 

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