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CALGARY A major player in Calgary’s depressed office real estate industry is putting dozens of Alberta office buildings under court protection from creditors while it tries to sell them....
Business
Strategic Group said Wednesday that its application under the Companies Creditors Arrangement Act was granted in court the previous day. Hardie & Kelly Inc. was appointed as a monitor to...
Business
The purchase agreement, announced in May, will see the formerly publicly traded WestJet become a private company owned by the Toronto based private equity firm. While WestJet shareholders approved the deal...
Business
TORONTO The Canadian dollar traded higher after the U.S. Federal Reserve s signal of no interest rate cuts next year hurt the greenback but supported American stock...
Business
VANCOUVER Lululemon Athletica Inc. has raised its financial forecast for the year as it reported increased sales and earnings in its third quarter that beat analyst expectations. The Vancouver based...
Business
In a span of less than two hours, Statistics Canada reported that the economy lost 71, 000 jobs in November and the Bank of Canada said Stephen Poloz would retire when...
Business
When Kelly Mandzuk went to check the status of his Air Canada reservation on the airline’s smartphone app, he couldn’t believe his eyes. After punching in his booking number, he...
Business
The plant based burger being test driven by McDonald’s Canada has had “good success” so far, the CEO of the fast food giant said Tuesday in Alberta. But John Betts said he doesn’t...
Business
SAN FRANCISCO—Facing long standing criticism that they had not done enough to protect people from harassment, YouTube executives announced Wednesday that the video service would start policing material that insulted or...
Business
RIYADH, SAUDI ARABIA—Saudi Arabian oil company Aramco surpassed Apple to become the world’s most valuable company Wednesday, when its shares jumped 10 per cent in a stock market debut that’s...
Business
After the first crash of a Boeing 737 Max last year, federal safety officials estimated that there could be 15 more fatal crashes of the Max over the next few...
Business
OTTAWA Production of two natural Canadian sweeteners moved in opposite directions last season, with maple syrup output reaching a record high and honey volume dropping to its lowest level...
Business
The Federal Reserve left interest rates unchanged and signalled it would keep them on hold through 2020 amid a solid economy, sticking to the sidelines during an election year. “The...
Business
OTTAWA Transport Minister Marc Garneau says he has spoken with Air Canada about problems continuing to plague its new booking system, but that his department “cannot do anything” to...
Business
At a meeting in Riyadh on a sultry October evening, Achintya Mangla, one of JPMorgan Chase & Co.’s most senior bankers, had told Yasir Al Rumayyan there was no way international...
Business
Home Depot Inc. executives said the opioid crisis in the United States could be contributing to an unexpected surge in thefts from its stores. The company said organized criminals are...
Business
TORONTO An automotive industry analyst says that despite reported doom and gloom about the sector, average employment in the industry at the end of the third quarter was up...
Business
OTTAWA Production of two natural Canadian sweeteners moved in opposite directions last season, with maple syrup output reaching a record high and honey volume dropping to...
Business
Information received since the Federal Open Market Committee met in October indicates that the labor market remains strong and that economic activity has been rising at a moderate rate. Job...
Business
It has been struggling with a fall in customer numbers in shopping centres where many of its salons are located. It also said higher wage costs had worsened its cash...