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Updated: 1 hour 22 min ago

Acadian Timber shares fall after Brookfield sells its 45% stake to Macer

1 hour 32 min ago

Shares in Vancouver-based Acadian Timber Corp. continue to drop after Brookfield Asset Management Inc. sold its 45 per cent stake in the timberland operator to held Macer Forest Holdings Inc.

Retailers face pressure to get BPA-like chemicals out of their receipts

1 hour 51 min ago

Some of Canada's biggest retailers started testing alternatives to receipt paper that's coated in potentially dangerous chemicals, as pressure mounts for them to phase it out by the end of this year.

Another day, another bank hikes its dividend as CIBC sees profit rise 2%

7 hours 28 min ago

Canadian Imperial Bank of Commerce bumped its dividend up by four cents a share as the bank reported its third quarter profit rose to $1.4 billion.

Fed minutes show U.S. central bank was split on rate cut decision

Wed, 08/21/2019 - 13:04

Federal Reserve officials were widely divided at their meeting last month when they decided to cut rates for the first time in a decade, with some arguing for a bigger rate cut while others insisted the Fed should not cut rates at all.

More telcos complain about CRTC decision on wholesale internet rates

Wed, 08/21/2019 - 11:02

Shaw Communications Inc. and Vidé​​​​​​​otron have joined major Canadian telecom companies that have expressed concern over the CRTC's decision to lower the prices that smaller internet providers have to pay them to use their networks.

Trans Mountain mobilizes workforce to start pipeline expansion, expects completion by mid-2022

Wed, 08/21/2019 - 10:15

The federally owned Trans Mountain Corporation said Wednesday it has issued "notice to proceed" directives to construction contractors, mobilizing the workforce it needs to expand the pipeline.

Canada's inflation rate held steady at 2% in July, higher than expected

Wed, 08/21/2019 - 05:59

Canada's inflation rate held steady at two per cent in July as the price of gasoline got cheaper but the price of airline tickets soared.

Royal Bank hikes dividend as profit rises 5%

Wed, 08/21/2019 - 05:31

Royal Bank of Canada increased its dividend as its third-quarter profits rose five per cent to $3.3 billion, but the lender's latest earnings fell short of analyst expectations.

Pembina Pipeline to buy Kinder Morgan Canada for $4.5B

Wed, 08/21/2019 - 05:19

Pembina Pipeline Corp. has signed a deal to buy Kinder Morgan Canada Ltd. and the U.S. portion of the Cochin pipeline system in an agreement it valued at a total of about $4.35 billion.

Walmart sues Tesla for negligence after solar panels catch fire at 7 stores

Tue, 08/20/2019 - 17:32

Walmart on Tuesday sued Tesla, accusing it of "widespread negligence" that led to repeated fires of its solar panel systems and asking a court to force the company to remove them from more than 240 of its U.S. stores.

Millennials top boomers in debt while Gen X still owe the most: TransUnion

Tue, 08/20/2019 - 14:20

TransUnion says a spike in borrowing over the past year has led millennials to overtake boomers in total debt holdings as part of a generational shift.

Alberta extends oil curtailment for another year

Tue, 08/20/2019 - 13:49

Alberta is increasing the oil curtailment limit from 10,000 to 20,000 barrels per day, while extending the curtailment to December 2020.

Transat repeats Air Canada takeover support as Peladeau floats rival offer

Tue, 08/20/2019 - 10:37

Transat A.T. Inc. repeated its recommendation that shareholders support a takeover offer for the company by Air Canada after Pierre Karl Peladeau hinted he may make an offer.

U.S. corporate leaders swing left to fix 'frayed' American dream: Don Pittis

Tue, 08/20/2019 - 01:00

Top corporate bosses express new concern for environment, workers and society, marking a radical conversion from the view that only shareholders count.

Quebec forks out $5M in aid as major newspaper chain seeks bankruptcy protection

Mon, 08/19/2019 - 12:57

Le Groupe Capitales Médias owns daily newspapers in some of Quebec's largest markets, including Quebec City's Le Soleil, Le Droit of Gatineau-Ottawa and Trois-Rivières's Le Nouvelliste.

Bell will cut back on rural broadband internet program after CRTC decision

Mon, 08/19/2019 - 12:54

Bell Canada says it will cut about 200,000 rural households from a broadband internet build-out to offset the impact of a regulatory change that lowers the wholesale broadband rate that it can charge smaller providers.

U.S. extends temporary sales permit to Huawei for 90 days

Mon, 08/19/2019 - 08:21

Commerce Secretary Wilbur Ross said Monday that the United States will extend by 90 days a limited reprieve on U.S. technology sales to Huawei.

Disney Plus streaming service to launch in Canada mid-November

Mon, 08/19/2019 - 07:12

The Walt Disney Company says it will launch its Disney Plus streaming service in Canada in mid-November, taking on Netflix and other services as consumers increasingly drop traditional cable.

Catalyst buys 18M HBC shares in move to block privatization plan

Mon, 08/19/2019 - 06:54

A Canadian investment firm says it has obtained more than 18 million shares in Hudson's Bay company, a chunk the investment firm says is big enough to block a plan from the retailer's management team to take it private.

Ontario Cannabis Store returns $2.9M worth of CannTrust products

Mon, 08/19/2019 - 05:39

CannTrust Holdings Inc. says the Ontario government's cannabis retailer is returning all of the company's products it has because they do not conform with the terms of its master cannabis supply agreement.


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