Skip to content

National Business

Game on, again: GameStop surges and no one truly knows why

Game on, again: GameStop surges and no one truly knows why

NEW YORK — Wall Street's GameStop saga won't stop. After weeks of going dormant, shares of GameStop have suddenly shot higher again, rising 18.6% Thursday after surging 75% in the last hour of trading Wednesday.
Banks carve out gains from wealth management, mortgages even as some sectors languish

Banks carve out gains from wealth management, mortgages even as some sectors languish

TORONTO — TD chief executive Bharat Masrani said on Thursday it was “too early to declare victory” against the COVID-19 pandemic — even as TD was one of six Canadian banks that reduced its provisions for bad debt, citing better prospects for the econ
Health innovation needs to return to Canada: Business Council of Canada CEO

Health innovation needs to return to Canada: Business Council of Canada CEO

TORONTO — The head of the Business Council of Canada is worried about the country's inability to produce vaccines and certain medical supplies, but hopes the pandemic will pressure governments to rectify the situation.
Twitter to let users charge followers to see premium posts

Twitter to let users charge followers to see premium posts

Twitter is branching out from advertising to find more ways to make money — both for itself and for its most prolific users, whether those are businesses, celebrities or regular people.
Canada's top court says it won't hear appeals by Bell and several cable companies

Canada's top court says it won't hear appeals by Bell and several cable companies

OTTAWA — Canada's top court has decided against hearing a pair of appeals brought to it by Bell Canada, Rogers Communications and a number of cable companies seeking to overturn a CRTC decision that lowered the wholesale rates those companies charge
Canadian small businesses rack up $135 billion in debt to survive pandemic: Report

Canadian small businesses rack up $135 billion in debt to survive pandemic: Report

TORONTO — Canada’s small businesses have collectively taken on $135 billion in debt in an attempt to survive the pandemic, a dizzying amount that could hurt the country's economic recovery, according to a report released Thursday.
Quebec's Caisse posts 7.7-per-cent return in 2020 as real estate underperforms

Quebec's Caisse posts 7.7-per-cent return in 2020 as real estate underperforms

MONTREAL — The Caisse de depot et placement du Quebec posted a return of 7.7 per cent in 2020, below its benchmark index of 9.2 per cent as the investment fund plans changes to its portfolio in response to the COVID-19 pandemic.
Imperial Oil reports one-billion-barrel drop in bitumen reserves at end of 2020

Imperial Oil reports one-billion-barrel drop in bitumen reserves at end of 2020

CALGARY — Imperial Oil Ltd. is cutting one billion barrels from its inventory of oilsands bitumen following a year marked by low oil prices and budget cutting amid the COVID-19 pandemic and a global price war between major oil producers.
B.C. pandemic recovery forecast shows steady economic growth to 2023: Central 1

B.C. pandemic recovery forecast shows steady economic growth to 2023: Central 1

VANCOUVER — Healthy growth is forecast for British Columbia through 2023 by Central 1, the financial services partner for 250 credit unions across Canada. The Vancouver-based firm predicts growth of 4.2 per cent this year, 4.
Home sales shifting towards pricier housing in several major markets, CMHC says

Home sales shifting towards pricier housing in several major markets, CMHC says

Buyers are spending more money on home purchases in several major Canadian cities, even as the COVID-19 pandemic causes layoffs and income reductions across the country. The Canada Mortgage and Housing Corp.