Business

Pandemic-related restaurant closures take an emotional and financial toll

May 31, 2020

Michael Raviele agonized for hours over how to break the news to his loyal customers before finally announcing at 4:30 a.m. on May 15 that he was closing Il Gatto Nero, the ...

Five things to watch for in the Canadian business world in the coming week

May 31, 2020

TORONTO — Five things to watch for in the Canadian business world in the coming week: Rate announcement The Bank of Canada is scheduled to make its latest interest rate...

Torstar buyer says Canso picked to provide financing because of media experience

May 29, 2020

TORONTO — A private investment company that is a major backer of Postmedia Network Corp. has agreed to provide financing for NordStar Capital's acquisition of Torstar Corp., ...

Laurentian Bank Financial Group reports Q2 profit down, cuts quarterly dividend

May 29, 2020

MONTREAL — Laurentian Bank Financial Group reported its second-quarter profit fell nearly 80 per cent from a year ago and it cut its dividend in a move to give it more ...

US consumer spending sinks by record 13.6% in face of virus

May 29, 2020

WASHINGTON — U.S. consumer spending plunged by a record-shattering 13.6% in April as the viral pandemic shuttered businesses, forced millions of layoffs and sent the economy ...

CWB Financial reports Q2 profit down as provisions for credit losses soar

May 29, 2020

EDMONTON — CWB Financial Group reported its second-quarter profit fell compared with a year ago as the economy tanked due to the steps taken to slow the COVID-19 pandemic and...

Tesla's Musk earns $770M in stock options, company confirms

May 28, 2020

DETROIT — Tesla confirmed Thursday that CEO Elon Musk will get the first tranche worth nearly $770 million of a stock-based compensation package triggered by the company ...

Aimia vows to fight Air Canada's court move to halt upcoming merger

May 28, 2020

TORONTO — Aimia Inc. says it plans to defend itself against a move by Air Canada in Quebec Superior Court to halt a merger that the smaller company sees as key to its ...

Endeavour and Semafo shareholders overwhelmingly approve $1B merger

May 28, 2020

MONTREAL — Two Montreal-based mining companies with West African gold operations say their shareholders have overwhelmingly approved a $1-billion combination deal.SEMAFO Inc....

Most actively traded companies on the TSX

May 28, 2020

TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange:Toronto Stock Exchange (15,262.73, down 9.30 points.)Sun Life Financial Inc. (TSX:...

CN Rail feeling slowdown as auto and crude revenues drop, prompting job cuts

May 28, 2020

MONTREAL — Business at Canadian National Railway Co. has gone downhill since mid-March, leading to thousands of temporary job cuts at the company as the COVID-19 pandemic ...

Court denies request to revive US pipeline permit program

May 28, 2020

BILLINGS, Mont. — A U.S. appeals court on Thursday turned down a request by the Trump administration and energy industry groups to revive a permit program for new oil and gas...

Huawei's ambitions for Canada stalled by rift with China, security expert says

May 28, 2020

TORONTO — Huawei Technologies Co.'s push to ...

Private nursing home owners under pressure as COVID-19 exposes flaws in system

May 28, 2020

CALGARY — The owners of Canada's private nursing ...

Air Canada increases size of financing deal to roughly $1.4 billion

May 28, 2020

MONTREAL — Air Canada has increased the size of a...

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Ricky Martin makes "Pausa" to channel newly found anxiety

May 29, 2020

Lincoln Center artistic director leaving during shutdown

May 29, 2020

Review: The Archives pay inspired tribute to Gil Scott-Heron

May 29, 2020

Dave Bidini on why artists are well equipped to cope with COVID-19 pandemic

May 29, 2020

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Meng Wanzhou inches closer to extradition after losing key court challenge

May 27, 2020

The extradition hearing process for Huawei Technologies Co. Ltd. CFO Meng Wanzhou will continue after the judge presiding over the case ruled that Crown prosecutors met the...

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Outlook and local area high school principals discuss pandemic impact

May 22, 2020

In the midst of the COVID-19 pandemic, we’ve heard about how students are adjusting at home, whether it’s hitting the books via new-age technology or even getting dirty ...