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National Business
National Business
90% of B.C. communities adopt province's plans for more small-scale housing
VANCOUVER — Almost all British Columbia communities have adopted the provincial government's plan to tackle the housing crisis by allowing more multi-unit homes on properties.
Jul 25, 2024 12:53 PM
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Vast majority of Greater Toronto new condo investors losing money every month: report
TORONTO — Canada's largest condo market is facing its biggest test in decades as the number of investors losing money every month, and the amount they're losing, has ballooned, says a new report from CIBC and Urbanation.
Jul 25, 2024 12:52 PM
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Insurance claim tally for last year's floods, wildfires in Nova Scotia: $490 million
HALIFAX — The devastating wildfires and deadly flooding that plagued Nova Scotia last year have resulted in $490 million in insured losses, the Insurance Bureau of Canada said in a report released Thursday.
Jul 25, 2024 12:22 PM
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Veren Inc., formerly Crescent Point Energy, sees profit rise in second quarter
CALGARY — With its recent buying spree behind it, Veren Inc. – formerly Crescent Point Energy Corp. – is turning its attention to paying down debt. The oil and gas producer said Thursday its net debt as of June 30, 2024 was $3.
Jul 25, 2024 11:30 AM
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TransLink warns of huge public transport cuts unless '$600m funding gap' is addressed
NEW WESTMINSTER, B.C. — Metro Vancouver's transportation provider TransLink is warning of massive service cuts unless a $600-million funding gap is addressed.
Jul 25, 2024 11:16 AM
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Loblaw, George Weston to settle class action over bread price-fixing for $500 million
Loblaw Cos. Ltd. and its parent company George Weston Ltd. say they have agreed to pay $500 million to settle a pair of class-action lawsuits regarding their involvement in an alleged bread price-fixing scheme.
Jul 25, 2024 10:38 AM
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Loblaw boycott had 'minor' impact as company says lawsuit settlement hit profits
Loblaw said a boycott of its stores during its latest quarter had a minimal impact, as the company attributed lower profits to a settlement over an alleged bread price-fixing scheme.
Jul 25, 2024 10:21 AM
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Norad says it has intercepted Chinese, Russian aircraft near Alaskan airspace
OTTAWA — Norad says Canadian and American fighter jets have intercepted a group of Russian and Chinese planes flying near Alaska. The North American Aerospace Defence Command says the planes were detected and tracked on Wednesday.
Jul 25, 2024 9:45 AM
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North Korean charged in ransomware attacks on American hospitals
KANSAS CITY, Kan.
Jul 25, 2024 9:40 AM
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TSX ends lower, U.S. markets see worst drop since 2022 amid 'sizeable' tech selloff
TORONTO — Losses in industrial and base metal stocks dragged Canada's main stock index lower Wednesday, while markets in the U.S. slid.
Jul 25, 2024 9:35 AM
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