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Updated: 1 hour 43 min ago

Mall operator Brookfield Properties laying off 20% of retail staff

2 hours 7 min ago

Brookfield Properties, one of the largest mall operators in the U.S., is cutting 20 per cent of its workforce in its retail division, as the pandemic has accelerated online shopping and resulted in a string of store closings.

Ford deal to build electric cars in Oakville comes amid $500M government cash to upgrade plant

4 hours 2 min ago

The federal government and Ontario have pledged to spend up to $500 million to make the Ford plant in Oakville, Ont., able to build electric vehicles.

Documents suggest international banks made $2T in profit from business they knew was suspicious

6 hours 17 min ago

The financial sector was rocked this week by a report alleging that a number of banks — JPMorgan, HSBC, Standard Chartered Bank, Deutsche Bank and Bank of New York Mellon among them — have continued to profit from illicit dealings with disreputable people and criminal networks despite previous warnings from regulators.

Unifor's 'unique' Ford deal includes 5 new electric vehicles in Oakville, engine for Windsor plants

10 hours 18 min ago

The union that represents Canadian auto workers has announced a tentative deal with Ford Motor Company that checks many of the boxes members were hoping for — including fresh products for waning factories in Windsor and Oakville, Ont.

Canada's biggest maker of paper towel concerned about supply amid COVID-19

Mon, 09/21/2020 - 11:26

The head of Canada's largest manufacturer of tissue products says he's concerned about the industry's supply of paper towel ahead of a potential second wave of COVID-19.

Canada's housing market moderately vulnerable, CMHC says in first quarterly report since COVID-19 began

Mon, 09/21/2020 - 10:36

Canada Mortgage and Housing Corp. says there was some evidence of overvaluation in Canada's housing market this spring amid the COVID-19 pandemic.

TSX joins global stock market sell off as coronavirus fears refuse to go away

Mon, 09/21/2020 - 09:19

The TSX joined stock markets around the world in a new round of selling off Monday, as surging cases of the coronavirus reignited concerns that the economic impact of the pandemic is still far from over.

New home prices see biggest monthly jump in 3 years as lumber prices soar

Mon, 09/21/2020 - 09:09

The price of new homes in Canada jumped by the biggest amount in more than three years last month, because of sky high costs for building materials during the pandemic.

Microsoft buys game studio ZeniMax for $7.5B to boost Xbox with titles like Doom, Fallout

Mon, 09/21/2020 - 08:07

Microsoft Corp. said on Monday it would acquire ZeniMax Media for $7.5 billion in cash, strengthening its Xbox video game offering with the studio behind titles such as Fallout and the Doom reboot.

TC Energy chief executive Russ Girling to retire at the end of the year

Mon, 09/21/2020 - 06:28

TC Energy Corp. says chief executive Russ Girling will retire at the end of this year.

Business groups warn 'clock is ticking' for Canada-U.K. trade deal

Mon, 09/21/2020 - 05:43

Businesses that trade between Canada and the United Kingdom are worried about post-Brexit trade rules remaining in flux, adding more uncertainty to a year already made difficult by the COVID-19 pandemic.

How Alberta — yes, Alberta — could lead Canada in wind and solar by 2025

Mon, 09/21/2020 - 01:00

Growth in Alberta's renewable energy sector should continue to trend upwards, experts say, with one forecast expecting that a surge of projects could have the province poised to lead the nation in utility-scale wind and solar capacity as soon as 2025.

Lessons from New Jersey's 'millionaires tax' for provincial governments: Don Pittis

Mon, 09/21/2020 - 01:00

A state where historic tax reform contributed to a taxation “race to the bottom” is now trying to collect from the rich to give to the poor.

Online thieves scam Toronto couple out of more than $1,000 in PC Optimum points hack

Sun, 09/20/2020 - 02:00

Chris Eggers says he and his wife were scammed out of nearly 600,000 PC Optimum points on Labour Day weekend after enrolling in a Shoppers Drug Mart promotion. Loblaw Companies Limited has apologized to the couple, but says the hack had no connection with the in-store promotion.

U.S. will delay TikTok app store ban by 1 week as Trump supports Oracle-Walmart deal

Sat, 09/19/2020 - 16:41

The U.S. Commerce Department on Saturday announced a one-week delay until Sept. 27 in an order issued Friday that was set to require Apple Inc and Alphabet Inc's Google to remove the TikTok app for download.

Want the government to go Dutch on your dinner tab? Restaurants pitch relief plan to help them survive

Sat, 09/19/2020 - 01:00

With support from a swath of pandemic relief measures set to expire this fall, a national restaurant association wants the government to consider a new way to support its struggling industry.

CMHC is sprucing itself up with a reno and paint job, starting with its name

Fri, 09/18/2020 - 09:15

The Canada Mortgage and Housing Corp. will be getting a new name in the coming months, part of a larger rebranding by the federal housing agency to better reflect its changing mandate.

Canadian airlines cancelling flights again as hoped-for bounceback in demand fizzles

Fri, 09/18/2020 - 09:02

Canadian airlines are cancelling hundreds of flights as hopes for a spike in demand fall flat, snarling plans for the few passengers who remain.

Retail sales grew by 0.6% in July, now back to where they were before COVID-19

Fri, 09/18/2020 - 07:13

Canadians spent more at stores in July than they did in June, the third straight month of gains after a precipitous plunge because of COVID-19 lockdowns.

U.S. banning use of WeChat, TikTok, citing national security reasons

Fri, 09/18/2020 - 05:40

The U.S. Commerce Department will roll out a ban of transactions in the United States using TikTok and WeChat, starting Sunday.


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