PARIS - The No. 2 official in the French government resigned Tuesday following media reports that he has been living a lavish lifestyle at taxpayer expense, including hosting lobster and Champagne soirees and ordering up exorbitant renovations of his ministerial apartment.
TORONTO - North American stock markets were all down Tuesday with Canada's main stock index inching lower as oil prices fell on signs of easing geopolitical risks in the Middle East.
Canadian Pacific Railway Ltd. announced record second-quarter revenues of nearly $2 billion Tuesday, beating analysts' expectations and sending its stock to an all-time high.
VANCOUVER - Shares of Turquoise Hill Resources Ltd. closed down more than 43 per cent Tuesday on the Toronto Stock Exchange after it announced delays and cost overruns at a major mine project in Mongolia.
CALGARY - Encouraging data points are forcing economists to consider upgrading their expectations for weak 2019 economic growth in Alberta as the province continues to recover from the effects of extreme heavy oil price weakness late last year.
FortisBC is considering further expansions to its liquefaction facility on the Fraser River near Vancouver after landing its first term contract to send Canadian LNG to China.
An increasing number of homeowners turned to alternative lenders last year, while new mortgage growth reached its slowest pace in more than a quarter of a century amid government interventions aimed at cooling the housing market, according to a new report.
Johnson & Johnson posted slightly lower sales across much of its business in the second quarter, but a big one-time gain and lower spending on marketing and administration boosted its profit a whopping 42 per cent. That blew past Wall Street expectations.
MONTREAL - The largest shareholder of Aimia Inc. raised objections Tuesday regarding how the company went about appointing two new directors in the latest escalation of tensions between management and investors at the loyalty rewards company.
OTTAWA - The Bank of Canada plans to assume responsibility for a key interest rate benchmark for financial markets when enhancements are made to it next year.
TORONTO - Canopy Rivers Inc., the venture capital arm of cannabis company Canopy Growth Corp., swung to a loss in its latest quarter as its operating expenses soared.
HALIFAX - A prominent Nova Scotia frozen food company is in line to receive subsidies of over $2.1-million from the province's business agency.
BRUSSELS - European Union foreign ministers on Monday turned up the pressure on Turkey after approving an initial batch of sanctions against the country over its drilling for gas in waters where EU member Cyprus has exclusive economic rights.
VANCOUVER - Cannabis producer Agrima Botanicals Corp. has had its licences revoked by Health Canada, marking the first time that the regulator has stripped away these authorizations.
TORONTO - Canada's main stock index started the week stronger and U.S. markets closed at record highs while Citigroup provided an early glimpse of the potential tone for the second quarter.
SASKATOON - Shares of uranium producer Cameco Corp. closed nearly eight per cent Monday after the company received much less than it was seeking in an arbitration dispute.
Organigram Holdings Inc. reported a third-quarter loss as revenue slipped amid lower recreational pot reorders from Ontario and British Columbia, but the cannabis company anticipated growth ahead as edibles and new retail stores come online.
CALGARY - Higher oil prices are expected to boost cash flow for the large Canadian crude producers as they roll out second-quarter results beginning next week, but analysts say the extra money is unlikely to be added to growth budgets.
MONTREAL - Wood-products producer Stella Jones Inc. says company president and CEO Brian McManus will step down later this year after 18 years at the company.
OTTAWA - The Canadian Real Estate Association says home sales in June edged higher compared with a year ago, as gains in Greater Toronto and Montreal offset declines in B.C.
TORONTO - Barrick Gold Corp. says a joint venture it holds with Chilean miner Antofagasta plc has been awarded US$5.84 billion in damages in connection with its Reko Diq project in Pakistan.
TAIPEI, Taiwan - Taiwan's main opposition party picked a pro-China populist mayor Monday as its candidate for the 2020 presidential race against an incumbent who often bashes Beijing.
TORONTO - As the Ontario government prepares to move ahead with its plans to overhaul the province's 92-year-old beer distribution system, experts say it should heed lessons from retail sales systems in other provinces.
At $5 billion, the fine the FTC is about to levy on Facebook is by far the largest it's given to a technology company, easily eclipsing the second largest, $22 million for Google in 2012.
SACRAMENTO, Calif. - California Gov. Gavin Newsom said Friday he wants to move the nation's most populous state away from hydraulic fracturing, a day after he fired the state's top oil and gas regulator for issuing twice as many fracking permits this year compared to last.
WASHINGTON - Adding to the lengthy list of departures from President Donald Trump's Cabinet, Labor Secretary Alexander Acosta said Friday he's stepping down amid the tumult over his handling of a 2008 secret plea deal with wealthy financier Jeffrey Epstein, who is accused of sexually abusing…
VANCOUVER - The Canadian operations of Chinese discount retailer Miniso have secured creditor protection through an order of the Supreme Court of British Columbia.
Shares of CannTrust Holdings Inc. dropped to their lowest level since 2017 as a crisis stemming from a Health Canada investigation of illegal cultivation at one of its greenhouses continues to spook investors.
HALIFAX - An Alberta-based company has been granted permission to try to harness electricity from the powerful tides of the Bay of Fundy.
ANKARA, Turkey - The first shipment of a Russian missile defence system has arrived in Turkey, the Turkish Defence Ministry said Friday, moving the country closer to possible U.S. sanctions and a new standoff with Washington.
TORONTO - The Canadian government has signed a deal to sell a 90 per cent stake in Ridley Terminals Inc. to a company owned by Riverstone Holdings and AMCI Group for $350 million.
MONTREAL - MTY Food Group Inc. reported a profit of $19.3 million in its latest quarter, up from $16.2 million in the same period last year.
TORONTO - CannTrust Holdings Inc. says it has put a hold on product sales and shipments of all its cannabis products as a precaution while Health Canada reviews its Vaughan, Ont., manufacturing facility.
CHICAGO - The executive who manages the Boeing 737 Max program and the Seattle-area factory where the now-grounded plane is built is retiring.
WASHINGTON - After two setbacks this week, President Donald Trump is now focusing his drive to curb drug costs on congressional efforts aimed at helping people on Medicare and younger generations covered by workplace plans.
VANCOUVER - Aritzia Inc. plans to create a formal loyalty program as the clothing retailer works to better use data to drive sales.
COLUMBUS, Ohio - The Ohio hospital system where excessive painkiller doses were given to dozens of patients who died fired 23 nurses, pharmacists and managers Thursday and said it is changing leadership, a sign that professional fallout from the scandal has expanded far beyond the intensive …
BILLINGS, Mont. - In a story July 10, The Associated Press reported that Republican senators from border states want grains rules addressed as part of a trade deal with Canada and Mexico. The request was made by a bipartisan group.
CALGARY - Cenovus Energy Inc. says its thermal oilsands operations in northern Alberta produced their one billionth barrel of bitumen on Wednesday.
TORONTO - Canada's main stock index moved lower Thursday even as the Dow Jones industrial average closed above 27,000 for the first time.