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U.S. Steel announced it will temporarily halt production at two domestic plants despite the boost from the Trump administration’s tariffs, as a steel industry singled out for federal support shows...
Business
Statistics Canada says revenues from general taxes on goods and services brought in an additional $36 million at the federal level and $53 million via direct provincial general taxes on...
Business
TORONTO Shopify Inc. says it is expanding into fulfilment centres as it looks to grow its footprint in the highly competitive world of online retail. The Ottawa based tech company,...
Business
The Ottawa based agency says this revenue came from product specific excise taxes and general taxes on goods and services such as the Harmonized Sales Tax. Statistics Canada says revenues from general...
Business
TORONTO Canada’s main stock index was trading near the break even point ahead of an afternoon interest rate announcement from the U.S. Federal Reserve. The S&P/TSX composite index was up 12.58...
Business
Lululemon Athletica Inc. has quietly closed its men’s standalone stores in New York City and Toronto even as it plans to more than double its men’s business in the next...
Business
MINNEAPOLIS Enbridge Energy s plan to replace an aging crude oil pipeline that runs through northern Minnesota hit another obstacle Tuesday when two state agencies said they would hold...
Business
Japan’s exports fell for a sixth straight month in May, the government said Wednesday, as escalating trade tensions add to concerns about global demand. The unsurprising drop serves as a...
Business
Bank of Montreal Chief Executive Officer Darryl White said last September that he’d like a third of his bank’s earnings to come from the U.S. in three to five years....
Business
VAUGHAN, Ont. CannTrust Holdings Inc. says it is entering the U.S. market for CBD, starting with a hemp production joint venture in California. The Vaughan, Ont. based licensed producer says it...
Business
Canadian inflation quickened in May on increases across all eight major components, giving the Bank of Canada plenty of scope to hold interest rates steady. The consumer price index jumped...
Business
Some evidence used to charge Huawei Technologies Co. with bank fraud and violating U.S. sanctions on Iran was deemed so sensitive that the Chinese telecom giant’s lawyers must now take...
Business
Two developments on Tuesday may reshape the relationship Canada’s big banks have with the big technology companies that continue to creep into the financial services sector. The rewards card is being...
Business
CALGARY – The oilpatch applauded Ottawa’s long awaited announcement that it will build the Trans Mountain pipeline expansion, but also worried about further delays to the $7.4 billion project. “Does it...
Business
EDMONTON Two federal cabinet ministers are making appearances in Alberta today following the Trudeau government’s controversial second approval of the Trans Mountain pipeline expansion. Natural Resources Minister Amarjeet Sohi...
Business
Bank of Montreal chief executive officer Darryl White said last September that he’d like a third of his bank’s earnings to come from the U.S. in three to five years....
Business
Oil held gains after an industry report showed U.S. crude stockpiles declined in the past week, while OPEC and its allies appeared closer to agreeing a date for a meeting...
Business
FILE This May 20, 2019, file photo shows marijuana plants in a grow room using green lights during their night cycle in Gardena, Calif. Richard Vogel / AP...
Business
Last week, I received an email that called me “stupid” and wondered if I was a “communist” because I had written about the opportunity inherent in the tens of trillions...
Business
LUXEMBOURG A European union high court has ruled against German sports apparel giant Adidas claim that its famous three stripes, applied in any direction, deserve trade mark protection....