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National Business

Coalition tells CRTC more affordable wireless options are needed

Coalition tells CRTC more affordable wireless options are needed

GATINEAU, Que. — A coalition of groups representing consumers, low-income and Indigenous people in Manitoba told the CRTC Monday that "Canadians have waited long enough" for high-quality mobile wireless services at an affordable price.

New alliance formed in N.B. to promote development of small nuclear reactors

SAINT JOHN, N.B. — A new alliance has been formed to promote the development of small nuclear reactors and other energy technologies in Atlantic Canada.
Virus outbreak chills markets, outlook for global economy

Virus outbreak chills markets, outlook for global economy

FRANKFURT — The widening coronavirus outbreak threatens to seriously disrupt the global economy, just as it was steadying itself against headwinds from the U.S.-China trade dispute.
Insight Productions faces Ontario class action lawsuit over alleged unpaid wages

Insight Productions faces Ontario class action lawsuit over alleged unpaid wages

TORONTO — An award-winning Toronto-based production company behind a slew of popular reality shows is facing a $35-million class-action lawsuit over alleged employment standards violations.
Buffett says economy is slowing amid virus fears

Buffett says economy is slowing amid virus fears

OMAHA, Neb. — Billionaire Warren Buffett says the viral outbreak in China has slowed economic growth, but he remains confident in the long-term future of American business.
Air Canada signs two Quebec aircraft maintenance deals, subject to Transat deal

Air Canada signs two Quebec aircraft maintenance deals, subject to Transat deal

MONTREAL — Air Canada has signed two agreements for airframe maintenance in Quebec, subject to its takeover of Transat AT.

Statistics Canada says wholesale sales rose 0.9 per cent in December

OTTAWA — Statistics Canada says wholesale sales rose 0.9 per cent to $63.9 billion in December. Economists had expected an increase of 0.5 per cent, according to financial markets data firm Refinitiv.

Cannabis firm Cronos Group delaying release of its latest financial results

TORONTO — Cronos Group Inc. is delaying the release of its fourth-quarter and full-year financial results. The cannabis company says it has had a delay in the completion of its financial statements.
MTY Food Group reports Q4 profit up from year ago, says allegations baseless

MTY Food Group reports Q4 profit up from year ago, says allegations baseless

MONTREAL — MTY Food Group Inc. reported a fourth-quarter profit of $20.7 million, up from $13.2 million in the same quarter a year earlier, as it said allegations by an employee that had delayed the release of its quarterly results are baseless.
Electric vehicle options growing, but profitability challenges limit growth

Electric vehicle options growing, but profitability challenges limit growth

TORONTO — Automakers are rolling out some big additions to the electric vehicle landscape this year as the market evolves, but it’s still not clear how much Canadians will be convinced to buy them. Selection is certainly increasing.