The Second Cup Ltd. shares soared after the company announced it will acquire a popular Ottawa-based coffee chain in its first deal since it revealed plans to become a conglomerate of players in the coffee, food service and cannabis sectors.
TORONTO - Canada's banking sector closed out its fourth-quarter earnings season Thursday with CIBC and TD providing more evidence of a challenging economic environment.
BOSTON - Tufts University is cutting ties with the billionaire family that owns OxyContin maker Purdue Pharma, saying it will strip the Sackler name from its campus and accept no further donations amid concerns over the family's role in the opioid crisis.
CALGARY - The Canada Energy Regulator says it has approved an application from Chevron Canada for a 40-year licence to export natural gas from the proposed Kitimat LNG project despite environmental opposition.
OTTAWA - The Canadian economy remains resilient despite the global uncertainty caused by the trade war between the United States and China, a senior Bank of Canada official said Thursday.
TORONTO - About 400 Aeroplan workers have ratified a collective agreement that standardizes wages for employees of the newly acquired loyalty program.
OTTAWA - You may be reluctant to add one more item to an already daunting holiday to-do list, but financial experts want to make sure your financial plan doesn't get neglected in the year-end rush as 2019 comes to a close.
TORONTO - TD Bank Group's profit slipped in the fourth quarter compared with a year ago, missing analyst estimates for adjusted earnings.
VANCOUVER - Telus Corp. is buying a German call centre company through its Telus International subsidiary for about $1.3 billion.
TORONTO - Alterna Savings and Credit Union Ltd. and Quinte First Credit Union have signed a letter of intent to join forces.
Bombardier Inc. has secured a long-term lease from the Greater Toronto Airports Authority for space to build its flagship business jet at Pearson airport, as the plane-and-train maker continues its shift toward private planes.
TORONTO - Major North American indexes made gains as a potential U.S.-China trade deal appeared closer and oil prices advanced.
MONTREAL - The Canadian Infrastructure Bank is pledging up to $300 million in financing for a new container terminal project at the Port of Montreal, though regulatory approval is still pending.
MONTREAL - Shares in Dollarama Inc. dropped nearly nine per cent Wednesday despite reporting strong third-quarter results.
CALGARY - Shares in Canadian Natural Resources Ltd. rose by almost four per cent on Wednesday after it announced it will spend $250 million more in 2020 than it did last year to drill conventional oil wells in Alberta.
OTTAWA - The Bank of Canada kept its key interest rate on hold Wednesday, noting that while global recession concerns are waning, trade conflicts and related uncertainty continue to remain a key risk.
TORONTO - Royal Bank of Canada expects to face a challenging environment in the coming year amid uncertainty about where interest rates are headed but believes it's well-prepared to gain market share, RBC officials said Wednesday after the bank announced a slightly lower fourth-quarter profi…
TORONTO - Cannabis company Wayland Group Corp. says it has filed for creditor protection to give it more time to raise money and consider restructuring deals.
MONTREAL - Laurentian Bank of Canada raised its dividend as it reported that its fourth-quarter profit fell compared with year ago.
Toronto home sales in November rose 14.2 per cent from a year ago while home prices saw their strongest growth for the year.
MONTREAL - National Bank of Canada raised its quarterly dividend as it reported its fourth-quarter profit rose to $604 million compared with $566 million in the same period a year ago.
BEIJING - Asian stock markets followed Wall Street lower Wednesday after President Donald Trump cast doubt over the potential for a trade deal with China this year.
The average Canadian family will pay up to an extra $487 on feeding themselves next year, according to an annual food price report that highlights climate change as a major culprit for rising food prices, especially in the produce department.
SAN FRANCISCO - The co-founders of Google are stepping down as executives of its parent company, Alphabet, ending a remarkable two decades during which Larry Page and Sergey Brin shaped a startup born in a Silicon Valley garage into one of the largest, most powerful — and, increasingly, most…
ACHESON, Alta. - The CEO of Trans Mountain says he's "a little greyer" than he was 10 years ago when planning began for an expansion of the Edmonton-to-Burnaby oil pipeline but he's still proud to oversee the official launch of Alberta construction.
An investment firm and Canada's oldest retailer will face off at a hearing later this week at the Ontario Securities Commission as the battle to take Hudson's Bay Co. private heats up.
TORONTO - DesRosiers Automotive Consultants Inc. says Canadian auto sales were flat in November compared with a year earlier while year-to-date sales remain down.
CALGARY - Gibson Energy Inc. says it will build a 100,000-barrel-per-day diluent recovery unit near the Alberta oil marketing hub of Hardisty, a strategy expected to free up room in pipelines and on railcars for oilsands exports.
MONTREAL - Desjardins Group has shown two senior executives the door in the wake of a data breach that affected all 4.2 million of its members.
OTTAWA - The Trudeau government is digging for intelligence on the role Canada's mining sector could play in providing the United States and other key trading partners with crucial minerals and metals — from cobalt to tellurium — considered building blocks of the new economy.
TORONTO - North American stock markets closed down Tuesday after comments by U.S. President Donald Trump cast doubt on a quick resolution to the U.S.-China trade war.
CALGARY - Slower growth in domestic fossil fuel consumption is expected over the next 20 years as Canadians use more renewable energy and cut their energy use per capita, according to a new forecast from the Canada Energy Regulator.
VANCOUVER - The Real Estate Board of Greater Vancouver says home sales returned to around historically typical levels in November after a quieter first half of the year.
TORONTO - The Bank of Montreal's fourth-quarter profit fell to $1.19 billion as it was hit by a restructuring charge related primarily to severance that will affect about five per cent of its global workforce.
BEIJING - The founder of Huawei says the Chinese tech giant is moving its U.S. research centre to Canada due to American sanctions on the company.
When Jordann Brown was a student, she once was so caught up with exam season that she forgot to get her Christmas gifts in the mail ahead of the holidays.
CALGARY - Oilsands giant Suncor Energy Inc. says it will keep capital spending related to its oil operations flat next year while moving forward with a new $300-million wind power project in southern Alberta.
MONTREAL - Canadian National Railway Co. cut its profit forecast Tuesday in the wake of an eight-day strike by 3,200 workers that brought the railway to a near halt.
TORONTO - Endeavour Mining Corp. is offering to buy Centamin PLC in a stock-swap deal that values the gold miner at roughly $2.5 billion, based on stock values just prior to the announcement.
MONTREAL - Caltex Australia Ltd., Australia's largest retail fuel and convenience chain, is rejecting a $7.7-billion takeover offer from Alimentation Couche-Tard Inc., however it is giving the Canadian company a chance to increase its bid.
TORONTO - A special committee of Hudson's Bay Co.'s board of directors says an offer letter from Catalyst Capital Group Inc. is "not reasonably capable of being consummated."
NEW YORK - President Donald Trump’s campaign said Monday it will no longer give credentials to Bloomberg News reporters to cover campaign events because of coverage “biases,” an accusation that the news organization rejects.