U.S. regulators on Monday expanded the use of Pfizer's COVID-19 vaccine to children as young as 12, offering a way to protect the nation's adolescents before they head back to school in the fall and paving the way for them to return to more normal activities.
TORONTO - Online storytelling company Wattpad and its writer-users will have more chances to expand their audience — and income — after the close of its sale to an Asian media conglomerate Monday, says Allen Lau.
TORONTO - Sleep Country Canada Holdings Inc. says its net income surged in the first quarter as sales grew even though its stores were closed for more days than a year ago.
TORONTO - Canada's main stock index slumped after setting a record intraday high to start the trading week while the Dow Jones industrial average surpassed 35,000 for the first time.
CALGARY - Oilsands companies are stepping up protective measures as a spate of COVID-19 cases sweeps through the region at the same time that thousands of workers are being brought in for spring maintenance shutdowns at various plants.
OTTAWA - Canada's justice and heritage ministers will be recalled to justify a change to the Broadcasting Act that critics warn could erode the rights of individual users who upload content to social media.
CALGARY - The president of drilling contractor Ensign Energy Services Inc. blames the federal government's "dismal" COVID-19 vaccine distribution plan in part for a poor recovery in its activity in Canada compared with its operations in the United States.
TORONTO - RF Capital Group Inc. had a $7.5-million net loss in the quarter ended March 31, the first full reporting period since it acquired full ownership of Richardson Wealth in October.
TORONTO - Canadian companies are trying to move the needle on COVID-19 vaccinations with discounts and freebies for customers who show proof they've received their first dose.
CHARLESTON, W.Va. - The West Virginia fire chief who starred in an Oscar-nominated documentary about battling drug abuse in ground zero of the nation’s opioid epidemic took the stand in a landmark trial Friday against three large drug distributors.
TORONTO - Canada's main stock index rose for a 10th consecutive week to a record high as investors welcomed weak jobs numbers that reinforced the need for continued easy monetary policy.
CALGARY - TC Energy Corp. is reporting a first-quarter net loss of $1.1 billion after taking a $2.2-billion after-tax asset impairment charge on its cancelled Keystone XL export oil pipeline.
TORONTO - The Ontario Securities Commission is moving to ban deferred sales charges on mutual funds — a move that will harmonize the watchdog's policy on such fees with the rest of the country.
VANCOUVER - Telus Corp. chief executive Darren Entwistle said Friday that the telecommunications company will be able to reduce capital spending to $2.5 billion a year or less in 2023, after an accelerated investment plant announced this week.
TORONTO - Quarterly reports from Rogers, Bell Canada and Telus show their average monthly billing per mobile phone user was down in early 2021 compared with last year's first quarter.
In a May 6 Money Monitor about home renovations amid high lumber costs, The Canadian Press used the description "fibreglass-based panels" in the 13th paragraph.
OTTAWA - Canada's labour market lost 207,000 jobs last month as a spike in COVID-19 variant cases led to renewed public health restrictions and raised concerns about longer-term economic consequences from the pandemic.
CALGARY - The CEO of Cenovus Energy Inc. says more than half of the job cuts from its takeover of rival Husky Energy Inc. have been completed and it's is well on the way to integrating and optimizing the two companies' oilsands, refining and other operations.
Air Canada called on Ottawa to ease travel restrictions as the airline, which reported a first-quarter loss of $1.3 billion, plans for its post pandemic recovery.
Amazon's annual Prime Day marketing event in Canada has been put on hold this year amid ongoing COVID-19 outbreaks at its facilities in Ontario's Peel Region.
TORONTO - Hydro One Ltd. reported its first-quarter profit rose compared with a year ago helped by higher rates and increased demand due to colder weather.
MONTREAL - Dorel Industries Inc. reported a first-quarter profit of US$2.7 million as its revenue rose more than 20 per cent compared with a year ago.
OTTAWA - Canada's national unemployment rate was 8.1 per cent in April. Here are the jobless rates last month by province (numbers from the previous month in brackets):
OTTAWA - The national unemployment rate was 8.1 per cent in April. 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…
TOKYO - Trains packed with commuters returning to work after a weeklong national holiday. Frustrated young people drinking in the streets because bars are closed. Protests planned over a possible visit by the Olympics chief.
CALGARY - Enbridge Inc. reported a first-quarter profit of $1.9 billion compared with a loss of $1.4 billion in the same quarter last year when it took a number of large one-time charges.
The U.S. railway regulator has approved CP Rail's voting trust in connection with its proposed purchase of Kansas City Southern.
VAUGHAN, Ont. - Recipe Unlimited Corp. saw system sales plunge 28 per cent in its most recent quarter as the pandemic continued to be a drag on the restaurant chain amid dining room closures and seating restrictions across Canada.
TORONTO - Martinrea International Inc. rebounded from a tough end to 2020 with net income surging 34.5 per cent in the first quarter on higher revenues.
CALGARY - West Fraser Timber Co. Ltd. is reporting higher first-quarter sales and earnings on higher prices and production of lumber and building panels after completing its $4-billion all-stock takeover of Norbord Inc. on Feb. 1.
BILLINGS, Mont. - Longstanding protections for wild birds would be restored under a proposal unveiled Thursday to bring back prosecutions of avian deaths by industry that were ended under former President Donald Trump.
TORONTO - Canada's main stock index slipped despite positive moves by the commodities sectors while the loonie hit its highest level in more than three years.
WATERLOO, Ont. - A slew of new customers and products delivered a 252 per cent increase in net income for OpenText Corp. in its latest quarter.
TORONTO - Spin Master executives said Thursday that the company behind "Paw Patrol" and several other globally successful toy and entertainment franchises aims to be a global leader in digital games for children.
Wealth management firms need to better cater to environment and social-minded investors to tap into a younger market that is about to boom, according to the market research company J.D. Power.
CALGARY - The company proposing the Woodfibre LNG export project near Squamish, B.C., says it has struck a second sales contract with BP Gas Marketing Ltd. that allows it to account for over 70 per cent of future production from the plant.
TORONTO - The unofficial start of Hollywood's summer blockbuster movie season is fast approaching later this month, and while few Canadian movie theatres are open, the head of Cineplex Inc. is optimistic a return to business is in sight.
CALGARY - Higher oil and gas prices, record production and a restrained capital spending budget will result in bountiful free cash flow for Canadian Natural Resources Ltd. this year, the oilsands company said Thursday.
CALGARY - Canadian consumers have many ways to save money on home renovations despite a pandemic-driven surge in demand that has jolted lumber and construction panel prices to all-time highs.
FRANKFURT - Volkswagen Group's after-tax profit rebounded strongly to 3.4 billion euros ($4.1 billion) in the first three months of the year as sales rebounded in China, the company's largest single market, and as customers went for the more profitable models in the company's lineup. Sales o…
LONDON - The Bank of England has kept interest rates on hold as it forecast the fastest annual pace of growth for the British economy since early on in World War II, largely as a result of the rapid rollout of coronavirus vaccines.
WASHINGTON - U.S. productivity posted a sharp rebound between January and March after falling in the previous quarter. Labor costs declined slightly.
AURORA, Ont. - Magna International Inc. said a strong recovery in the global auto sector and massive growth in the Chinese market led to a first-quarter profit of US$615 million, up from US$261 million a year ago as its sales rose 18 per cent.
OTTAWA - Canada Mortgage and Housing Corporation says economic conditions could return to pre-pandemic levels and moderate the pace of home sales by the end of 2023 if broad immunity to COVID-19 is achieved this year.