Skip to content

National Business

CN Rail profits dip amid supply chain snarls, lower grain exports

CN Rail profits dip amid supply chain snarls, lower grain exports

MONTREAL — Canadian National Railway Co. on Tuesday lowered its earnings forecast for the year after profits sagged in its first quarter.
Read more >
Aldo says North American creditors support restructuring plan to exit protection

Aldo says North American creditors support restructuring plan to exit protection

MONTREAL — Aldo Group Inc. says its North American creditors have voted in favour of its restructuring plan and settlement, almost two years after the footwear company filed for creditor protection.
Read more >
Brainard wins Senate confirmation to be Fed's vice chair

Brainard wins Senate confirmation to be Fed's vice chair

WASHINGTON (AP) — The Senate on Tuesday confirmed the nomination of Lael Brainard to a four-year term as vice chair of the Federal Reserve, elevating her to the Fed's No.
Read more >
Most actively traded companies on the Toronto Stock Exchange

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (20,690.81, down 321.08 points.) Enbridge Inc. (TSX:ENB). Energy. Down 10 cents, or 0.2 per cent, to $56.08 on 9.3 million shares.
Read more >
ABC's 'black-ish' ends its run as ABC looks to future

ABC's 'black-ish' ends its run as ABC looks to future

NEW YORK (AP) — As the comedy “black-ish” ended its run after eight seasons with a relatively modest live audience of 2.52 million viewers, ABC is already pivoting to what it hopes is its next defining sitcom.
Read more >
Pot company Canopy Growth to lay off 243 workers as it moves to cut costs

Pot company Canopy Growth to lay off 243 workers as it moves to cut costs

Canopy Growth Corp. says it will lay off more than 200 workers as part of a new cost reduction strategy that will make cannabis cultivation more affordable and uncover supply chain efficiencies, though it didn't offer a target date for profitability.
Read more >
Air Canada to jack up fares amid higher fuel costs, weak business travel

Air Canada to jack up fares amid higher fuel costs, weak business travel

MONTREAL — Air Canada is poised to raise fares as it looks to offset the hit from higher fuel costs, sagging business travel and soaring inflation.
Read more >
S&P/TSX composite falls to three-month low on fears about slowing economic growth

S&P/TSX composite falls to three-month low on fears about slowing economic growth

TORONTO — Canada's main stock index lost more than 300 points as a big drop in the technology sector drove it to its lowest level in three months on ongoing concerns about slowing global economic growth.
Read more >
Key governance issues persist five years after audit of Atlantic Lottery Corporation

Key governance issues persist five years after audit of Atlantic Lottery Corporation

HALIFAX — Several key governance reforms to the Atlantic Lottery Corporation recommended more than five years ago still haven’t been implemented, the region’s auditors general said in a report released Tuesday.
Read more >
Distilleries, breweries stop producing hand sanitizer two years after start of COVID

Distilleries, breweries stop producing hand sanitizer two years after start of COVID

TORONTO — Many distilleries and breweries that pivoted their operations to make hand sanitizer in the early days of COVID-19 have since walked away from this side business.
Read more >