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National Business

More companies get into business of Black History Month

More companies get into business of Black History Month

NEW YORK — From shoes and T-shirts to dolls and tote bags, more companies and brands are getting into the business of Black History Month but trying not to leave the impression that African American consumers are important just once a year.
CBRE predicts record $50 billion investment for commercial real estate this year

CBRE predicts record $50 billion investment for commercial real estate this year

TORONTO — Canada could see a record-breaking $50-billion worth of investment in commercial real estate this year as economic tailwinds and immigration policies support the booming sector, according to a report by CBRE, but it says the strong economy
China struggles to revive manufacturing amid virus outbreak

China struggles to revive manufacturing amid virus outbreak

BEIJING — Factories that make the world’s smartphones, toys and other goods are struggling to reopen after a virus outbreak idled China’s economy.
Bank of Canada to create its own digital currency as 'contingency,' deputy says

Bank of Canada to create its own digital currency as 'contingency,' deputy says

The country's central bank plans to lay the foundation for its own digital currency as a backstop should the day arise where cash is no longer king, a Bank of Canada deputy says.
Iran says official who played down virus fears is infected

Iran says official who played down virus fears is infected

DUBAI, United Arab Emirates — The head of an Iranian government task force on the coronavirus who had urged the public not to overreact about its spread has tested positive for the illness himself, authorities said Tuesday, as new cases emanating fro
No checkout needed: Amazon opens cashier-less grocery store

No checkout needed: Amazon opens cashier-less grocery store

NEW YORK — Amazon wants to kill the supermarket checkout line. The online retailing giant is opening its first cashier-less supermarket, where shoppers can grab milk or eggs and walk out without waiting in line or ever opening their wallets.

Rewards company Aimia reports operating loss ahead of board overhaul

MONTREAL — Aimia Inc. continued to rely on investments in a pair of foreign loyalty programs to keep earnings in the black last quarter as it came off a tumultuous year of shareholder dissidence and litigation.

Ontario Teachers' Pension Plan signs US$300M investment deal with New Gold

TORONTO — Ontario Teachers' Pension Plan has signed a US$300-million deal investment deal with New Gold Inc. Under the agreement, the pension fund will acquire a 46 per cent free cash flow interest in the New Afton gold-and-copper mine.
Strong fourth quarter for Macy's heading to transition year

Strong fourth quarter for Macy's heading to transition year

NEW YORK — Macy's reported stronger-than-expected sales and profits for the fourth quarter less than a month after it announced a major restructuring.
George Weston Ltd. reports fourth-quarter profit up from year-ago mark

George Weston Ltd. reports fourth-quarter profit up from year-ago mark

TORONTO — George Weston Ltd.