Skip to content
Join our Newsletter

National Business

Red Lobster Canada to ask Ontario court to recognize U.S. bankruptcy protection case

Red Lobster Canada to ask Ontario court to recognize U.S. bankruptcy protection case

A lawyer representing Red Lobster's Canadian operations says he will ask an Ontario court to recognize and enforce the restaurant chain's Chapter 11 bankruptcy in the U.S.
Ford thanks Ottawa as minister cites 'deep concerns' over Toronto's decriminalization

Ford thanks Ottawa as minister cites 'deep concerns' over Toronto's decriminalization

OTTAWA — Ontario Premier Doug Ford is thanking the federal government for rejecting Toronto's long-stalled pitch to decriminalize the possession of illegal drugs.
House of Commons committee recommends feds tackle 'excessive' profits in food sector

House of Commons committee recommends feds tackle 'excessive' profits in food sector

The federal government should consider policies to tackle “excessive net profits” in the food industry, the House of Commons committee studying food prices said in its latest report.
Families of Uvalde victims sue Meta, video game maker and gun-maker on 2nd anniversary of shooting

Families of Uvalde victims sue Meta, video game maker and gun-maker on 2nd anniversary of shooting

AUSTIN, Texas (AP) — The families of a group of victims from the Uvalde school shooting announced new lawsuits Friday against Instagram parent company Meta Platforms, the maker of the video game “Call of Duty” and the gun company that made the assaul
Glenn Chamandy officially back at the Gildan helm after boardroom battle

Glenn Chamandy officially back at the Gildan helm after boardroom battle

MONTREAL — Glenn Chamandy is officially back as the chief executive of Gildan after a months-long public battle over leadership of the Montreal-based clothing company he co-founded.
KPMG names Benjie Thomas as new CEO for Canadian division

KPMG names Benjie Thomas as new CEO for Canadian division

TORONTO — KPMG says it has named Benjie Thomas as the new CEO of its Canadian division. The accounting giant says he will step into the role Oct. 1, replacing Elio Luongo who is wrapping two consecutive terms.
University of Calgary to relaunch oil engineering program after hiatus

University of Calgary to relaunch oil engineering program after hiatus

CALGARY — After a three-year hiatus, the University of Calgary is bringing back its suspended oil and gas engineering program to help address the hiring challenges being faced by Canadian energy companies.
S&P/TSX composite up to regain most of Thursday's losses, U.S. markets also rise

S&P/TSX composite up to regain most of Thursday's losses, U.S. markets also rise

TORONTO — A broad-based rally helped Canada's main stock index close up more than 100 points Friday to largely recover from losses a day earlier, while U.S. stock markets also climbed. The S&P/TSX composite index ended up 120.08 points at 22,320.
Most actively traded companies on the Toronto Stock Exchange

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (22,320.87, up 120.08 points): Suncor Energy Inc. (TSX:SU). Energy. Down nine cents, or 0.16 per cent, to $55.06 on 10.0 million shares.
Stock market today: Nasdaq sets another record as Wall Street wins back earlier losses

Stock market today: Nasdaq sets another record as Wall Street wins back earlier losses

NEW YORK (AP) — U.S. stocks rose in a bounce back from Wall Street’s worst day since April. The S&P 500 gained 0.7% to win back all its losses from earlier in the week.