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Updated: 2 hours 29 min ago

Will the Ever Given ever move? Massive ship stuck in Suez Canal, blocking world's busiest shipping route

Wed, 03/24/2021 - 06:03

A skyscraper-sized container ship wedged across Egypt's Suez Canal and blocking all traffic in the vital waterway has been partially refloated, an encouraging sign for the dozens of ships backed up waiting for their turn to go through.

WestJet to restore service to 5 cities in Eastern Canada

Wed, 03/24/2021 - 05:54

WestJet is restoring service to five airports in Eastern Canada that was suspended last November due to the pandemic, the Calgary-based airline announced Wednesday.

Why Canadian banks can't seem to shake their fossil fuel habit 5 years after global climate accord

Wed, 03/24/2021 - 01:00

The latest study of corporate data from 60 of the world's largest banks shows that despite commitments to establish emissions targets in their financial portfolios in line with the Paris climate accord, they have instead increased that funding to $3.8 trillion US in the past five years.

Air Canada to resume service to some sun destination flights in May

Tue, 03/23/2021 - 14:31

Air Canada says it will restore some service along routes to Jamaica, Mexico and Barbados beginning in early May, after Canadian airlines suspended all flights to sun destinations in January at the request of the federal government.

George Weston Ltd. seeking to sell Weston Foods to focus on other businesses

Tue, 03/23/2021 - 09:24

George Weston Ltd., is putting its Weston Foods bakery business up for sale and doubling down on its core retail and real estate operations, the company said Tuesday.

Microsoft to allow more employees to work in office again starting next week

Tue, 03/23/2021 - 06:49

Microsoft Corp. will start allowing more employees to work from its headquarters in Redmond, Washington and nearby campuses as soon as next week.

Couche-Tard looking to sell hundreds of stores, starting with 49 in Oklahoma

Mon, 03/22/2021 - 12:29

Alimentation Couche-Tard Inc. is looking to shed nearly four per cent of its North American network starting with a deal to sell 49 stores in Oklahoma to Casey's General Stores Inc. for $39 million US.

Alberta's oil and gas workers wrestle with layoffs and an uncharted future 

Mon, 03/22/2021 - 01:00

Amid global efforts to transition away from fossil fuels, Alberta is not only being challenged to put thousands of oil and gas workers back to work but to carve out a place in a low-emissions future that supports employment and communities for decades to come.

Canadian Pacific Railway to buy Kansas City Southern for $25B US

Sun, 03/21/2021 - 08:35

Canadian Pacific Railway Ltd. on Sunday said it has agreed to buy Kansas City Southern for $25 billion US in a cash-and-shares deal to create the first rail network connecting the United States, Mexico and Canada.

Great COVID-19 bicycle boom expected to keep bike industry on its toes for years to come

Sun, 03/21/2021 - 01:00

Across the country, bicycle shops are slammed, hit by a pandemic-triggered surge that started in March 2020 and has not let up — and a backlog that some experts say won't be cleared up for months or even years.

WestJet finalizes agreement with union that represents more than 3,100 cabin crew

Sat, 03/20/2021 - 16:55

The Calgary-based WestJet Airlines Ltd. says it has ratified its first collective agreement with the Canadian Union of Public Employees, which represents more than 3,100 cabin crew.

Don't expect soaring lumber prices to drop anytime soon, builders association says

Sat, 03/20/2021 - 05:00

Lumber prices in B.C. and the rest of Canada are surging and industry experts warn that it could be years before the numbers go down to pre-pandemic levels.

Chevron Canada to stop funding further feasibility work Kitimat LNG project

Fri, 03/19/2021 - 06:29

Chevron Canada Ltd. says it will stop funding further feasibility work on its proposed Kitimat LNG project on B.C.'s north coast.

What testing 17 butter brands told us about the science behind 'buttergate'

Fri, 03/19/2021 - 01:00

A laboratory test of 17 Ontario butter brands suggests a derivative of palm oil is not the sole cause of the unusually hard butter that some Canadians have been complaining about.

Ontario to (finally) pull the plug on fax machines in public service

Fri, 03/19/2021 - 01:00

The Ontario government says it's finally time to cut the cord on the fax machine. Finance Minister Peter Bethlenfalvy is directing the province's public service to phase out its 1,500 traditional telephone fax lines by the end of the year.

Child's death in Peloton treadmill incident prompts CEO to urge customers to read safety warnings

Thu, 03/18/2021 - 13:58

Peloton Interactive Inc. CEO John Foley has asked owners of its treadmills to check safety warnings after a child died in an incident involving the company's exercise equipment.

States led by Texas, Montana sue Biden in bid to revive Keystone XL pipeline

Thu, 03/18/2021 - 09:44

Attorneys general from 21 states on Wednesday sued the administration of President Joe Biden over his decision to revoke a key permit for the contentious Keystone XL oil pipeline from Canada.

Toyota, Honda cut North America production amid supply chain woes

Thu, 03/18/2021 - 07:40

Toyota Motor Corp. and Honda Motor Co. Ltd. have announced new North American production cuts, citing supply chain issues that have wreaked havoc with the auto industry.

Tax Q&A: What you need to know about filing your pandemic taxes

Thu, 03/18/2021 - 01:00

Your taxes might look a little different this year because of the pandemic. With special government assistance and new deductions for people who work from home, this tax season promises to be unique. Personal finance expert Shannon Lee Simmons answers some of your tax questions.

U.S. Fed convinces markets interest rates will stay low, despite strong growth

Thu, 03/18/2021 - 01:00

U.S. Federal Reserve Chair Jerome Powell’s words appeared to calm markets and reassure Canadian borrowers by insisting a strong economy won’t create permanent inflation or soaring mortgage rates.

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