CALGARY - One year after oil prices crashed to their first and only negative close during a perfect storm of energy demand bad news, Canada's oilpatch is poised to report a first-quarter gush of cash flow thanks to a dramatic recovery in global demand.
The province is looking for ideas on how to develop its cache of 30 metals being called “critical minerals,” in order to best supply the manufacturing of battery-powered vehicles, hydrogen fuel-cells and electronics and other cutting-edge industrial sectors.
OTTAWA - The CRTC ruled Friday that Bell Canada has violated sections of the Telecommunications Act by failing to provide timely access to towers, poles and other support structures required by Quebecor's Videotron Ltd.
TORONTO - Overflowing investor optimism that the pandemic's gloom will soon lift pushed Canada's main stock index and two of three indexes in the United States to record closes on Friday.
Canada is experiencing a shortage of tapioca pearls, or boba, used in bubble tea as shipping delays continue to affect the global supply chain.
Grocery store workers are struggling with heightened stress and anxiety as they remain on the front lines of a surge in COVID-19 infections in Canada’s hot spot areas, industry watchers say.
When Sohel Imani went looking for a second location for his bike shop in Toronto’s West End, he knew he’d be able to leverage the city’s current commercial rental market.
TORONTO - Canada's regional wireless and internet carriers will benefit the most from this week's landmark regulatory ruling by the CRTC, telecommunications analysts and consumer advocates say.
WASHINGTON - Vietnam and Switzerland have been removed from the list of nations labeled by the U.S. as currency manipulators, reversing a decision made by the Trump administration in December.
OTTAWA - Canadian wholesale sales fell 0.7 per cent in February to $68.8 billion as the building material and supplies sector and auto industry moved lower.
NANAIMO, B.C. - A vote by Tilray Inc. shareholders on the cannabis company's deal to merge with Aphria Inc. has been delayed, allowing shareholders more time.
Canada's biggest wireless network operators suffered a major setback Thursday as the CRTC issued orders that will make it easier for smaller rivals to compete, which in turn will likely reduce costs for mobile phone users.
Delta Air Lines lost $1.2 billion in the first quarter, more than expected, but executives said Thursday that the airline could be profitable by late summer if the budding recovery in air travel continues.
Alberta Investment Management Corp. has named the former — and often outspoken — head of Canada Mortgage and Housing Corp. as its next chief executive.
TORONTO - Broad-based optimism lifted Canada's main stock index to a record close on Thursday as U.S. markets also pushed higher on news suggesting a strong recovery from the pandemic slump.
NEW YORK - After a union battle at an Alabama warehouse, Amazon founder Jeff Bezos acknowledged that Amazon has to do better for its workers and vowed to make Amazon a safer place to work.
A trickle of supply started returning to the country's real estate sector in March,but it did little to cool off heated markets as monthly home sales hit an all-time record, the Canadian Real Estate Association said Thursday.
The vast majority of Black women who are entrepreneurs in Canada say they face significant barriers to financing, including the cost of borrowing, a study has found.
NEW YORK - Newly vaccinated and armed with $1,400 stimulus checks, Americans went on a spending spree last month, buying new clothes and going out to eat again.
NEW YORK - Bank of America's profits doubled in the first quarter, the bank said Thursday, as the improving economy allowed it to release billions from its loan-loss reserves that it originally set aside in the early days of the pandemic.
NEW YORK - Citigroup's profits more than tripled in the first quarter, the banking conglomerate said Thursday, helped by the release of billions of dollars from its loan-loss reserves. The bank also announced plans to scale back its global consumer banking franchise outside the U.S.
OTTAWA - Statistics Canada says manufacturing sales fell in February as the auto sector faced a shortage of microchips that forced some assembly plants to ramp down production or shut down.
NEW YORK - Bernard Madoff, the infamous architect of an epic securities swindle that burned thousands of investors, outfoxed regulators and earned him a 150-year prison term, died behind bars early Wednesday. He was 82.
CALGARY - Shaw Communications Inc. is reporting higher revenue and earnings for its latest fiscal quarter as its $26-billion deal to be sold to Rogers Communications Inc. continues to face federal and regulator scrutiny.
TORONTO - Energy sector strength amid rising oil prices proved insufficient to overcome broader market weakness and Canada's main stock index closed lower on Wednesday.
LEAMINGTON, Ont. - Aphria Inc. shareholders have voted in favour of the cannabis company's plan to merge with Tilray Inc.
Women remain underrepresented in boardrooms of Canadian companies listed on the Toronto Stock Exchange despite the introduction of disclosure requirements intended to boost their numbers, a study by an Ottawa think tank has found.
A Federal Reserve survey has found that the economy was rebounding in late February through early April, helped by billions of dollars in a new round of stimulus payments and the stepped-up rollout of coronavirus vaccines.
TORONTO - The CEO of Cogeco Inc. and its internet and cable TV subsidiary said Wednesday that they are eager to learn whether Canada's telecom regulator will grant approval for a type of wireless network that the Montreal-based company has championed for years.
SEATTLE - Amazon has accused Parler, the social network known as a conservative alternative to Twitter, of trying to conceal its ownership amid a legal dispute between Amazon and Parler stemming from the U.S. Capitol riots.
CAMBRIDGE, Ont. - ATS Automation Tooling Systems Inc. has signed a deal to buy U.S. company BioDot Inc., a manufacturer of automated fluid dispensing systems, for $106 million.
The federal government's blockbuster financial aid plan for Air Canada amid the COVID-19 pandemic shares similarities — and stark differences — with its contribution to the bailout of two Detroit automakers during the global financial crisis more than a decade ago.
MONTREAL - The Quebec government has approved construction of the Appalaches–Maine Interconnection Line project to export Hydro-Quebec power to New England.
MONTREAL - TVA Group Inc. says France Lauziere, the company's president and CEO and chief content officer of Quebecor Content, is stepping away from her duties for up to six months.
TORONTO - Canadian retail kingpin and philanthropist W. Galen Weston has died at age 80, George Weston Ltd. announced Tuesday.
CALGARY - WestJet says it will extend its temporary suspension of international sun flights to destinations in Mexico and the Caribbean until June 4.
WASHINGTON - The U.S. on Tuesday recommended a “pause” in use of the single-dose Johnson & Johnson COVID-19 vaccine to investigate reports of rare but potentially dangerous blood clots, setting off a chain reaction worldwide and dealing a setback to the global vaccination campaign.
TORONTO - One of Canada's best-known advocates for passenger rights said Tuesday that taxpayers don't have enough security in the $5.9-billion aid deal struck by Ottawa and Air Canada even as the airline began rolling out new refunds to ticket holders unable travel due to the COVID-19 pandemic.
TORONTO - An "unrelenting appetite for risk" by investors offset higher-than-expected U.S. inflation data and news of a major setback for a maker of COVID-19 vaccines, as some U.S. markets outperformed Canada's main stock index.
Canadian auto parts company Magna International Inc. is planning to expand its global manufacturing capacity to North America as it focuses on electric vehicle production.
JOHANNESBURG - South Africa suspended giving Johnson & Johnson vaccine shots Tuesday as a “precautionary measure” and the company delayed its European vaccine rollout following an FDA decision to pause the jabs while very rare blood clot cases are examined.
OTTAWA - The Canada Infrastructure Bank and ITC Investment Holdings have signed a deal to invest $1.7 billion in an underwater transmission line connecting Ontario to Pennsylvania under Lake Erie.
TORONTO - The head of the Bank of Nova Scotia is urging Ottawa to adopt a series of policy changes to help parents, businesses of all sizes and companies trade between provinces.
LONDON - The U.K. economy grew 0.4% in February, rebounding from a sharp drop the previous month, as the rapid rollout of COVID-19 vaccines boosted confidence in a recovery from the pandemic.