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National Business
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.
May 24, 2024 1:07 PM
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Outdated rules and mounting losses: Can anything be done to fix Canada Post?
Canada Post needs drastic measures to staunch the fiscal bleeding and revamp its operations after a tough decade, experts say.
May 24, 2024 12:57 PM
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Ontario speeds up alcohol expansion; province will pay The Beer Store up to $225M
TORONTO — Ontario is speeding up its expansion of alcohol sales in the province, and the move comes with up to $225 million in public money for The Beer Store.
May 24, 2024 10:59 AM
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Enerplus-Chord Energy deal receives shareholder and Investment Canada Act approval
CALGARY — Enerplus Corp. says its shareholders have voted to approve a takeover of the company by U.S. company Chord Energy Corp. The Calgary-based oil and gas company says shareholders voted 99.6 per cent in favour of the stock-and-cash deal.
May 24, 2024 10:41 AM
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Defunct Lynx Air selling off life jackets, oxygen masks in bid to recoup losses
Lynx Air hopes to sell off everything from life jackets to oxygen masks as it tries to recoup a portion of the losses it suffered before filing for creditor protection earlier this year.
May 24, 2024 10:23 AM
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CBC launching 14 new free streaming channels for local news across Canada
TORONTO — CBC is launching 14 free ad-supported streaming channels dedicated to local news across Canada in an effort to attract younger audiences who don't have the "traditional habits" of linear news consumers.
May 24, 2024 9:52 AM
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Workers at Kamloops Hudson's Bay ratify deal after 165-day strike
KAMLOOPS, B.C. — The United Steelworkers union says workers at a Hudson's Bay store in Kamloops, B.C., have ratified a new deal with their employer after a 165-day strike. Workers with Local 1-417 walked off the job on Dec.
May 24, 2024 9:38 AM
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Restaurants Canada says price increases coming to B.C. chicken 'unsustainable'
Restaurants Canada says an increase in the farm-level price of chicken in B.C. could raise costs for consumers by around 10 per cent. The B.C.
May 24, 2024 9:27 AM
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Statistics Canada says retail sales down 0.2% in March at $66.4 billion
OTTAWA — Canadian retail sales slowed in March as shoppers spent less at furniture, home furnishings, electronics and appliances retailers, Statistics Canada said Friday. The agency said retail sales dropped 0.2 per cent to $66.
May 24, 2024 8:18 AM
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Competition Bureau probes alleged anticompetitive conduct by Loblaws, Sobeys owners
VANCOUVER AND TORONTO — Canada's Competition Bureau has launched investigations into the parent companies of grocery chains Loblaws and Sobeys for alleged anticompetitive conduct, court documents reveal, with Sobeys' owner calling the inquiry "unlawf
May 24, 2024 1:00 AM
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