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National Business

Linda Seymour named new president and chief executive of HSBC Canada

Linda Seymour named new president and chief executive of HSBC Canada

VANCOUVER — HSBC Canada says Linda Seymour has been appointed as the bank's president and chief executive, effective Sept. 1.
Laliberte abandons legal challenge of tax bill for 2009 space flight

Laliberte abandons legal challenge of tax bill for 2009 space flight

MONTREAL — The billionaire founder of the Cirque du Soleil is ending efforts to recover millions of dollars paid to Canadian tax authorities relating to his 2009 stay on board the International Space Station.
April construction spending falls 2.9% as virus upends work

April construction spending falls 2.9% as virus upends work

WASHINGTON — U.S. construction spending fell 2.9% in April, the largest drop in 18 months, with broad declines across all building activity as shutdowns hobbled projects and workers were told to stay home.
Survey: US factories sink in May for third straight month

Survey: US factories sink in May for third straight month

WASHINGTON — American factories slowed for the third consecutive month in May as they continued to sustain economic damage from the coronavirus pandemic.
Trans Mountain reaches 'key milestone' as pipeline construction begins in B.C.

Trans Mountain reaches 'key milestone' as pipeline construction begins in B.C.

KAMLOOPS, B.C. — Trans Mountain says it has reached another "key milestone" in the project to triple capacity of a pipeline moving oil from the Edmonton area to port in Burnaby, B.C.
Judge tosses ex-basketball players' 'Fortnite' dance lawsuit

Judge tosses ex-basketball players' 'Fortnite' dance lawsuit

SILVER SPRING, Md. — A federal judge has dismissed a lawsuit in which two former University of Maryland men’s basketball players accused makers of the “Fortnite” video game of misappropriating a dance move that the ex-teammates popularized. U.S.

Lundin Gold restarting Fruta del Norte after suspending operations in March

VANCOUVER — Lundin Gold Inc. says it is moving to restart operations at its Fruta del Norte project in Ecuador after suspending operations on March 22 due to the pandemic. The company says it has started moving supplies to the mine.
Investment Canada review of Cineplex takeover by Cineworld extended to June 15

Investment Canada review of Cineplex takeover by Cineworld extended to June 15

TORONTO — Cineplex Inc. says the Investment Canada Act review of its deal to be acquired by Cineworld Group has been extended to June 15. The review period had been set to end today. The deadline to complete the $2.
Sweats are in, slacks are out: Could 'work-leisure' become business as usual?

Sweats are in, slacks are out: Could 'work-leisure' become business as usual?

Every morning when Ariella Baron searched her closet for something to wear to work, she would mentally scroll through her schedule to calibrate her outfit to the tasks the day had in store for her.

Five things to watch for in the Canadian business world in the coming week

TORONTO — Five things to watch for in the Canadian business world in the coming week: Rate announcement The Bank of Canada is scheduled to make its latest interest rate announcement on Wednesday.