The bid to take Canada's oldest retailer private faces another obstacle as a minority shareholder seeks to block the proposal, led by Hudson Bay Co.'s executive chairman Richard Baker, in court.
TORONTO - The Canadian loonie shed nearly half a cent following a poor jobs report, while Canada's main stock index shrugged off the disappointing employment figures.
Attention turned quickly Friday to who might succeed Stephen Poloz as governor of the Bank of Canada after he confirmed he will not seek a second appointment when his seven-year term expires next year.
Apparel retailer Roots Corp. downgraded its sales expectations for the current financial year as it grapples with a shortened holiday shopping period and other challenges.
OTTAWA - The Bank of Canada says governor Stephen Poloz will not seek a second term as governor when his seven-year term expires next year.
OTTAWA - The Canadian economy posted its biggest monthly job loss since the financial crisis in November, pushing the unemployment rate higher and raising the possibility the Bank of Canada may cut interest rates next year.
SMITHS FALLS, Ont. - Canopy Growth Corp. says its new generation of cannabis-infused food and beverage products won't be on store shelves until January in most markets.
OTTAWA - Canada's national unemployment rate was 5.9 per cent in November. Here are the jobless rates last month by province (numbers from the previous month in brackets):
OTTAWA - The national unemployment rate was 5.9 per cent in November. Statistics Canada also released seasonally adjusted, three-month moving average unemployment rates for major cities. It cautions, however, that the figures may fluctuate widely because they are based on small statistical s…
MONTREAL - The Quebec Professional Association of Real Estate Brokers says Montreal area home sales rose 13 per cent in November compared with a year earlier.
TORONTO - Canada's main stock index fell Thursday while U.S. counterparts stayed relatively flat as investors awaited news from an OPEC meeting and economic data due out tomorrow.
TORONTO - Canada's banking sector closed out its fourth-quarter earnings season Thursday with CIBC and TD providing more evidence of a challenging economic environment.
TORONTO - Enterprise Holdings Inc. says it has agreed to buy Toronto-based Discount Car and Truck Rentals as the mobility space rapidly evolves.
TORONTO - TD Bank Group's profit slipped in the fourth quarter compared with a year ago as it recorded restructuring charges and increased provisions for credit losses compared with last year.
CALGARY - An application from Chevron Canada for a 40-year licence to export natural gas from the proposed Kitimat LNG project has been approved despite environmental opposition, says the Canada Energy Regulator.
ATLANTA - In a story Dec. 3 about Mercer Music at Capricorn, The Associated Press reported erroneously that one of the co-founders of Capricorn Records was Frank Fenton. It should have said his last name was Fenter, not Fenton.
TORONTO - Ontario's government and consumer services minister says she asked the CEO of the corporation that enforces warranties on new homes to step down.
CALGARY - The developer of a 12,000-barrel-per-day thermal oilsands project approved Thursday by the Alberta government says actually going ahead with construction depends largely on when new pipelines can be in service.
The Second Cup Ltd. shares soared after the company announced it will acquire a popular Ottawa-based coffee chain in its first deal since it revealed plans to become a conglomerate of players in the coffee, food service and cannabis sectors.
OTTAWA - The Canadian economy remains resilient despite the global uncertainty caused by the trade war between the United States and China, a senior Bank of Canada official said Thursday.
TORONTO - About 400 Aeroplan workers have ratified a collective agreement that standardizes wages for employees of the newly acquired loyalty program.
OTTAWA - You may be reluctant to add one more item to an already daunting holiday to-do list, but financial experts want to make sure your financial plan doesn't get neglected in the year-end rush as 2019 comes to a close.
TORONTO - Alterna Savings and Credit Union Ltd. and Quinte First Credit Union have signed a letter of intent to join forces.
Bombardier Inc. has secured a long-term lease from the Greater Toronto Airports Authority for space to build its flagship business jet at Pearson airport, as the plane-and-train maker continues its shift toward private planes.
TORONTO - Major North American indexes made gains as a potential U.S.-China trade deal appeared closer and oil prices advanced.
MONTREAL - The Canadian Infrastructure Bank is pledging up to $300 million in financing for a new container terminal project at the Port of Montreal, though regulatory approval is still pending.
MONTREAL - Shares in Dollarama Inc. dropped nearly nine per cent Wednesday despite reporting strong third-quarter results.
CALGARY - Shares in Canadian Natural Resources Ltd. rose by almost four per cent on Wednesday after it announced it will spend $250 million more in 2020 than it did last year to drill conventional oil wells in Alberta.
OTTAWA - The Bank of Canada kept its key interest rate on hold Wednesday, noting that while global recession concerns are waning, trade conflicts and related uncertainty continue to remain a key risk.
TORONTO - Royal Bank of Canada expects to face a challenging environment in the coming year amid uncertainty about where interest rates are headed but believes it's well-prepared to gain market share, RBC officials said Wednesday after the bank announced a slightly lower fourth-quarter profi…
TORONTO - Cannabis company Wayland Group Corp. says it has filed for creditor protection to give it more time to raise money and consider restructuring deals.
MONTREAL - Laurentian Bank of Canada raised its dividend as it reported that its fourth-quarter profit fell compared with year ago.
Toronto home sales in November rose 14.2 per cent from a year ago while home prices saw their strongest growth for the year.
MONTREAL - National Bank of Canada raised its quarterly dividend as it reported its fourth-quarter profit rose to $604 million compared with $566 million in the same period a year ago.
BEIJING - Asian stock markets followed Wall Street lower Wednesday after President Donald Trump cast doubt over the potential for a trade deal with China this year.
ACHESON, Alta. - The CEO of Trans Mountain says he's "a little greyer" than he was 10 years ago when planning began for an expansion of the Edmonton-to-Burnaby oil pipeline but he's still proud to oversee the official launch of Alberta construction.
An investment firm and Canada's oldest retailer will face off at a hearing later this week at the Ontario Securities Commission as the battle to take Hudson's Bay Co. private heats up.
TORONTO - DesRosiers Automotive Consultants Inc. says Canadian auto sales were flat in November compared with a year earlier while year-to-date sales remain down.
CALGARY - Gibson Energy Inc. says it will build a 100,000-barrel-per-day diluent recovery unit near the Alberta oil marketing hub of Hardisty, a strategy expected to free up room in pipelines and on railcars for oilsands exports.
MONTREAL - Desjardins Group has shown two senior executives the door in the wake of a data breach that affected all 4.2 million of its members.
TORONTO - North American stock markets closed down Tuesday after comments by U.S. President Donald Trump cast doubt on a quick resolution to the U.S.-China trade war.
CALGARY - Slower growth in domestic fossil fuel consumption is expected over the next 20 years as Canadians use more renewable energy and cut their energy use per capita, according to a new forecast from the Canada Energy Regulator.
VANCOUVER - The Real Estate Board of Greater Vancouver says home sales returned to around historically typical levels in November after a quieter first half of the year.