Skip to content
Join our Newsletter

National Business

Saudi oil firm Aramco's first-quarter profits up by 30%

Saudi oil firm Aramco's first-quarter profits up by 30%

DUBAI, United Arab Emirates — Saudi Aramco said Tuesday its profits soared by 30% in the first quarter of the year, compared to last year, riding on the back of higher crude oil prices.
Read more >
Imperial Oil shareholders defeat shareholder motion to set net-zero emission target

Imperial Oil shareholders defeat shareholder motion to set net-zero emission target

CALGARY — Imperial Oil Ltd. investors have voted 86 per cent to defeat a shareholder resolution that it adopt a target to achieve net-zero carbon emissions by 2050.
Read more >
More homes on Metro Vancouver market, but board says demand still high as prices grow

More homes on Metro Vancouver market, but board says demand still high as prices grow

VANCOUVER — Increasing values are prompting homeowners to sell, but the Real Estate Board of Greater Vancouver says more supply is still needed to meet active market demands.
Read more >
Nova Scotia offers extra $12 million to businesses hit by latest COVID-19 lockdown

Nova Scotia offers extra $12 million to businesses hit by latest COVID-19 lockdown

HALIFAX — Nova Scotia's Liberal government announced more than $12 million in additional support Tuesday for businesses hit by the latest COVID-19 lockdown in the province.
Read more >
Bausch Health preparing for fall eyecare spinoff, open to better alternative: CEO

Bausch Health preparing for fall eyecare spinoff, open to better alternative: CEO

Bausch Health Companies Inc. is preparing to spin off its eyecare business this fall while also considering suitable alternatives including a sale of the business, the company's CEO said Tuesday. "We have a value in our mind for that business.
Read more >
Desjardins drops disease-related liability, property damage coverage for some claims

Desjardins drops disease-related liability, property damage coverage for some claims

Insurance experts say consumers can expect more companies to introduce exclusions around COVID-19 after Desjardins dropped liability and property damage coverage related to communicable diseases.
Read more >
Nutrien shares rise on higher earnings outlook as farmers enjoy robust crop prices

Nutrien shares rise on higher earnings outlook as farmers enjoy robust crop prices

CALGARY — Shares in fertilizer manufacturer Nutrien Ltd. rose Tuesday after it increased its annual earnings guidance based on rising sales expectations as its farm customers loosen purse strings in view of multi-year high crop prices.
Read more >
Bombardier to sell remaining 3.1 per cent stake in Alstom from sale of rail unit

Bombardier to sell remaining 3.1 per cent stake in Alstom from sale of rail unit

MONTREAL — Bombardier Inc. says it plans to sell 11.5 million shares in Alstom S.A. that it obtained in January with the sale of its railway business to the French company. The Montreal-based maker of business jets says it will sell its entire 3.
Read more >
'Stronger' commercial leasing environment emerged amid COVID: RioCan REIT CEO

'Stronger' commercial leasing environment emerged amid COVID: RioCan REIT CEO

TORONTO — RioCan Real Estate Investment Trust is seeing demand for commercial leasing opportunities, even after the COVID-19 pandemic pushed many Canadian businesses to close both temporarily and permanently.
Read more >
Domtar shares surge after producer acknowledges talks with Paper Excellence

Domtar shares surge after producer acknowledges talks with Paper Excellence

FORT MILL, S.C. — Domtar Inc. shares surged to a near two-year high after the pulp and paper producer acknowledged it's in talks with B.C.'s Paper Excellence about a possible merger or sale of the company.
Read more >