Skip to content

National Business

Workers at Sobeys distribution centre in Quebec go on strike after talks break down

Workers at Sobeys distribution centre in Quebec go on strike after talks break down

HALIFAX — Workers at a Sobeys distribution centre in Quebec have gone on strike after negotiations between the company and the union broke down, a situation that could strain an already delicate food supply chain.
Read more >
Canadian used car sales increased 5% last year amid semiconductor shortages

Canadian used car sales increased 5% last year amid semiconductor shortages

TORONTO — DesRosiers Automotive Consultants say used car sales increased five per cent last year amid semiconductor shortages that hampered the new car market and drove buyers to used car lots.
Read more >
Héroux-Devtek sees profits plummet amid Omicron-induced production problems

Héroux-Devtek sees profits plummet amid Omicron-induced production problems

LONGUEUIL, Que. — Héroux-Devtek Inc. is reporting a major drop in profit and revenue last quarter due to supply chain disruptions brought on by the Omicron variant of COVID-19. The landing-gear manufacturer says delayed deliveries and snags at its U.
Read more >
Alberta venture capital investment poised to break record again

Alberta venture capital investment poised to break record again

CALGARY — In Canada's largest oil and gas producing province, investors who have been made wealthy by the energy sector are starting to open their pockets to a budding local tech industry.
Read more >
Canadian restaurant chain Boston Pizza continues to deal with COVID-19 challenges

Canadian restaurant chain Boston Pizza continues to deal with COVID-19 challenges

VANCOUVER — Boston Pizza International Inc. reported fourth-quarter profit fell to $12.6 million compared with $19.6 million a year ago as the company continues to navigate the COVID-19 pandemic and restrictions on the restaurant industry.
Read more >
Cameco reports Q4 profit and revenue down from year ago, raises dividend

Cameco reports Q4 profit and revenue down from year ago, raises dividend

SASKATOON — Cameco Corp. raised its annual dividend as it reported its fourth-quarter profit and revenue fell compared with a year ago. The uranium miner says it will now pay an annual dividend of 12 cents per share, up from eight cents per share.
Read more >
Asian stocks follow Wall St higher after rebound

Asian stocks follow Wall St higher after rebound

BEIJING (AP) — Asian stocks rose Wednesday after Wall Street rebounded as investors waited for U.S. inflation data that might influence the pace of Federal Reserve interest rate hikes. Shanghai, Tokyo, Hong Kong and Sydney advanced.
Read more >
Calgary Chamber of Commerce slams Alberta's move to cancel vaccine passport program

Calgary Chamber of Commerce slams Alberta's move to cancel vaccine passport program

CALGARY — A major business group has slammed the Alberta government's decision to eliminate a proof-of-vaccine program, calling it "akin to ripping the Band-Aid off before the wound has healed.
Read more >
B.C. premier backs COVID-19 health restrictions, will not bend to horn honking

B.C. premier backs COVID-19 health restrictions, will not bend to horn honking

VICTORIA — Premier John Horgan says British Columbia won't be pressured by "honking horns" to lift the province's COVID-19 public health restrictions. "People want to put COVID behind them.
Read more >
Stingray third quarter profit falls to $12.6 million despite increased revenues

Stingray third quarter profit falls to $12.6 million despite increased revenues

MONTREAL — Stingray Group Inc. says its net income fell to $12.6 million in its latest quarter despite an increase in revenues with a gradual easing of COVID-19 restrictions.
Read more >