CALGARY - Shaw Communications Inc.'s third-quarter revenue and profit were down from the same time last year due to COVID-19's impact, but the cable and wireless company still beat expectations Friday.
MONTREAL - The Cirque du Soleil's creditors are finalizing an agreement that could replace the one put forward by the insolvent entertainment company's shareholders.
DALLAS - American Airlines is warning Boeing that it could cancel some overdue orders for the grounded 737 Max unless the plane maker helps line up new financing for the jets, according to people familiar with the discussions.
TORONTO - Canada's main stock index ended higher for a second-straight week on positive sentiment from a potential COVID-19 treatment and strong domestic jobs numbers.
LONDON, Ont. - Retailer Scholar's Choice is closing all but three of its stores as part of a restructuring of its operations to focus on its e-commerce and catalogue business.
CALGARY - Shell Canada says the Quest carbon capture and storage project north of Edmonton has reached the milestone of five million tonnes of stored carbon dioxide, equivalent to the annual emissions of about 1.25 million cars.
TORONTO - Owners of the Porgera gold mine in Papua New Guinea say they are going to the World Bank’s International Centre for Settlement of Investment Disputes to try to resolve a battle with the federal government that resulted in closing of the mine.
BISMARCK, N.D. - A federal judge rejected a request from the operator of the Dakota Access Pipeline to halt an order to shut down the oil pipeline during a lengthy environmental review.
OTTAWA - Canada's national unemployment rate was 12.3 per cent in June. Here are the jobless rates last month by province (numbers from the previous month in brackets):
OTTAWA - The national unemployment rate was 12.3 per cent in June. 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 samp…
MONTREAL - MTY Food Group Inc. reported a second-quarter loss of $99.1 million as the company took a $120.3-million non-cash impairment charge related to property, plant and equipment, intangible assets and goodwill due to the pandemic.
MONTREAL - Insolvent beverage retailer DavidsTea is closing 82 stores in Canada and all 42 of its stores in the U.S. as it focuses on its e-commerce business and supplying grocery stores and pharmacies.
VANCOUVER - Aritzia Inc. reported a first-quarter loss and revenue drop after temporarily closing all its stores due to COVID-19 health precautions, but the clothing retailer sees an opportunity to expand its business amid the global pandemic.
TORONTO - Canada's main stock index was relatively flat Thursday ahead of next week's start to eagerly anticipated second-quarter earnings results.
SEATTLE - Cookware and kitchen chain Sur La Table is closing 56 of its 121 stores as it seeks bankruptcy protection, the latest retail casualty of the coronavirus pandemic.
The owner of Canada's largest newspaper chain saw its most recent quarterly revenue slashed by a quarter as advertising revenue decline accelerated amid the COVID-19 pandemic, but said it would stop a pay reduction program one month early thanks to government aid.
TORONTO - The owner of the Toronto Star says it has received a potentially superior second purchase offer from a private investor group.
MONTREAL - Bombardier Inc. says it supports Alstom's commitments to sell some of the Canadian transportation company's railway assets to address potential regulatory concerns with Alstom SA's US$8.2-billion acquisition of Bombardier Transportation.
TORONTO - A new poll shows young Canadians and those who are Black, Indigenous or people of colour face the hardest hit to their finances from COVID-19.
Canadian builders started construction on more new condos, apartments and other multi-family homes in June compared to May, despite a slowing pace of building for detached homes in cities.
OTTAWA - As governments roll out plans to reopen the economy in the wake of the COVID-19 pandemic, experts say individual Canadians need to update their own financial plan to move forward too.
Preparing to complete a ninth Serie A campaign without winning the Scudetto, AC Milan decided returning to the pinnacle of football required a new approach.
SAINT JOHN, N.B. - Irving Oil is cutting its workforce by 250 people or about six per cent in light of the current economic conditions.
TORONTO - A list of some of the companies that have filed for court protection from creditors under the Companies' Creditors Arrangement Act since the beginning of the pandemic::
MONTREAL, Ont. - DavidsTea has been granted court protection from creditors so it can continue operating while it restructures and plans to close a significant number of its stores.
TORONTO - Canada's main stock index moved higher along with gold prices Wednesday as the country's deficit was projected to surpass $340 billion.
NEW YORK - Brooks Brothers, the 200-year-old company that dressed nearly every U.S. president, filed for bankruptcy protection Wednesday, the latest major clothing seller to be toppled by the coronavirus pandemic.
MONTREAL - Via Rail is temporarily laying off about 1,000 unionized employees as the company copes with interrupted routes and reduced travel demand amid the COVID-19 pandemic.
TORONTO - Ontario's private cannabis stores will have to give up offering delivery and curbside pickup next week — and they're not happy about it.
MONTREAL - Air Transat is looking to reduce greenhouse gas emissions from its airplanes by using jet fuel made from kerosene in a process that captures carbon dioxide produced by large industrial emitters.
TORONTO - Bar and restaurant owners who deal in specialty alcohol say they've carved out a new business model around Ontario's relaxed rules for takeout liquor, and they'll fight to make the system permanent.
TORONTO - As Ontario municipalities enact new measures regarding the use of masks in commercial locations, business owners are on their own when it comes to dealing with customers who refuse to comply.
CALGARY - Nova Chemicals Corp. has appointed a veteran petrochemical industry executive to replace CEO Todd Karran, who previously announced his retirement.
TORONTO - Canada's main stock index dipped on rising COVID-19 infections but still outperformed its U.S. counterparts as the materials sector surged with the price of gold hitting a near nine-year high.
TORONTO - Shares in Kirkland Lake Gold Ltd. jumped by 5.2 per cent to $59.71 on Tuesday after it reported higher-than-expected gold production in the second quarter ended June 30.
Canada's two largest railways moved record quantities of grain in the second quarter after benefiting from another strong month in June.
ST. JOHN'S, N.L. - Environmental groups are celebrating after the Newfoundland and Labrador Supreme Court ruled the province's oil and gas board acted unreasonably by extending an exploration drilling licence beyond the defined term limit.
CALGARY - Oilsands companies are restoring thousands of barrels of daily production to take advantage of higher oil prices as relaxed pandemic measures allow North American consumers to get back on the road.
TORONTO - More buyers are wading into the Greater Toronto Area housing market after putting the hunt for a home on hold at the start of the COVID-19 pandemic, but there aren't enough properties available to meet the demand.
OTTAWA - The Organization for Economic Co-operation and Development says the unemployment rate in Canada peaked in the second quarter of this year, topping the mark hit in the financial crisis.
WASHINGTON - The job market took a big step toward healing in May, though plenty of damage remains, as a record level of hiring followed record layoffs in March and April.
Uber Technologies Inc. is getting into the grocery delivery business and is using some Canadian cities to help it launch the venture.
SACRAMENTO, Calif. - A coronavirus outbreak in the California Legislature has indefinitely delayed the state Assembly’s return to work from a scheduled summer recess, highlighting the rapid spread of the virus in a state that has imposed new restrictions on bars and restaurants following a s…