MONTREAL - Bombardier Inc. has reached a preliminary deal to sell its train division to French rail giant Alstom SA for more than US$7 billion, the Wall Street Journal reported Sunday.
NEW YORK - The redesigned “Sonic the Hedgehog” showed plenty of teeth at the box office, speeding to a $57 million debut, according to studio estimates Sunday, while “Parasite” saw one of the largest post-Oscars bumps in years following its best picture win.
CALGARY - In one of his last interactions with reporters before retiring as CEO of Calgary-based Imperial Oil Ltd., veteran oilman Rich Kruger was typically plain-spoken when asked about the carbon footprint of the oilsands.
Jack Eichel snapped his stick over the crossbar in frustration after an empty-net goal sealed a Buffalo Sabres loss, splintering it across the ice. He and other NHL players might want to think twice about sacrificing their sticks in a situation like that for now.
NEW YORK - Michael Avenatti, the combative lawyer who gained fame by representing porn star Stormy Daniels in lawsuits involving President Donald Trump, was convicted Friday of trying to extort sportswear giant Nike.
SIHANOUKVILLE, Cambodia - After being stranded at sea for two weeks because five ports refused to allow their cruise ship to dock, the passengers of the MS Westerdam were anything but sure their ordeal was finally over.
CHICAGO - United Airlines and American Airlines said Friday they are removing the grounded Boeing 737 Max from their schedules longer than previously planned, which means thousands more flights will be cancelled during the peak summer travel season.
Ten women have filed a class-action lawsuit against Canadian clothing mogul Peter Nygard, accusing him of sexual assault and sex trafficking over a decades-long period.
TORONTO - North American stock markets were relatively flat Friday to end a second consecutive positive week since being hammered by concerns about the impact of the novel coronavirus.
MONTREAL - Industry players are warning governments that shortages of groceries, propane, drinking water and other goods are on the horizon as a rail blockade by anti-pipeline protesters enters its ninth day.
SMITHS FALLS, Ont. - Canopy Growth Corp. is planning further cost cutting as it works to achieve positive cash flow and profitability, the cannabis producer's new chief executive said Friday as it reported a $124.17-million loss in its third quarter of 2020.
MONTREAL - Quebec-based fast food restaurant chain MTY Food Group Inc. is delaying the release of its quarterly results citing allegations made by a whistleblower employee.
DONKIN, N.S. - A coal mine in Cape Breton has stopped production after a roof collapse in the same area where another rockfall occurred less than two weeks ago.
Calgary-based Enbridge Inc. is raising its bets on the growing liquefied natural gas export sector on the U.S. Gulf Coast by buying the pipeline that would supply the proposed Rio Grande LNG export facility.
TORONTO - Two of Ontario's biggest utilities have formed a new company to create a province-wide fast-charger network for electric vehicles.
OTTAWA - The Canadian Real Estate Association says home sales rose 11.5 per cent in January compared with a year earlier to reach the highest sales figures for the month in 12 years, even as new listings remain constrained.
TORONTO - Canopy Rivers Inc. says it swung to a loss in its third quarter of 2020 and has withdrawn its full-year guidance over multiple headwinds in the cannabis industry.
NEW YORK - Frederick Koch, who kept a low profile as an arts benefactor rather than joining the family oil business that became Koch Industries, has died, according to the New York Times. He was 86.
TORONTO - The Canada Pension Plan Investment Board says it earned a return of 3.6 per cent during its most recent quarter, after expenses.
VAUGHAN, Ont. - CannTrust Holdings Inc. says it has appointed its chief financial officer, Greg Guyatt, to be its CEO as the company works to come back from the fallout of its operation of unlicensed grow rooms.
WASHINGTON - The U.S. Justice Department has added new criminal charges against Chinese tech giant Huawei and several subsidiaries, accusing the company of a brazen scheme to steal trade secrets from competitors in America, federal prosecutors announced Thursday.
Blockades set up by anti-pipeline protesters have forced Canadian National Railway Co. to shut down its entire network in Eastern Canada and Via Rail to cancel passenger service across the country.
CALGARY - The CEO of pipeline and power company TC Energy Corp. says he's "extremely disappointed" that police have had to be called in to allow the company to go ahead with construction of its Coastal GasLink pipeline.
Aurora Cannabis Inc.'s second quarter earnings were weighed down by a drop in cannabis production and the costs associated with ramping up efforts to roll out cannabis edibles and vapes.
TORONTO - Protesters who are blocking railway lines forced CN Rail to shut down its train network in eastern Canada on Thursday, the railroad said.
HALIFAX - Chorus Aviation Inc. reported a net profit of $36.6 million in its latest quarter as revenue rose 1.5 per cent compared with a year ago.
MONTREAL - Bombardier Inc. is selling its remaining stake in the A220 jetliner program, marking the end of its failed bid to take on the commercial aircraft duopoly of Airbus and Boeing Co.
TORONTO - North American stock markets were pulled lower Thursday by a sharp jump in the reported number of novel coronavirus cases in China.
VANCOUVER - Telus Corp. reports it had $379 million of net income in the fourth quarter, up three per cent from $368 million a year earlier, but its adjusted earnings were down and missed analyst estimates.
CALGARY - Progress in getting oil export pipelines approved is boosting optimism in Western Canada's oilpatch, leading to more demand for rigs and hundreds of crew members being called back to work, the CEO of Precision Drilling Corp. said Thursday.
MONTREAL - Yellow Pages Ltd. says it is initiating a quarterly dividend and repaying all of its remaining debt following a successful turnaround.
Canadian Tire Corp.'s chief executive assured analysts that the retailer has yet to experience any supply issues due to the novel coronavirus outbreak, but longer-term impacts remain unclear.
StubHub Canada Ltd. and StubHub Inc. will pay a $1.3 million penalty for making misleading pricing claims and will ensure costs for Canadian events it sells tickets to are posted with their mandatory fees.
YouTube's new rules for kid-oriented advertising will slow WildBrain Ltd.'s revenue growth this year, but that will be somewhat offset by the Canadian animation company's success with ad-free streaming services such as Apple TV Plus.
OTTAWA - Canada's economy slowed "sharply" in the final quarter of 2019, the parliamentary budget office said Thursday in its February economic and fiscal report.
LONDON - British Prime Minister Boris Johnson tightened his grip on the government Thursday with a Cabinet shake-up that triggered the unexpected resignation of his Treasury chief, the second-most powerful figure in the administration.
TORONTO - Brookfield Asset Management Inc. says its net income for the fourth quarter was less than half the level a year earlier, in part because of asset sales in the previous year.
OTTAWA - Canadians are bombarded by advertising preaching the virtues of starting to save for retirement early, letting the benefits of time and compound interest work in their favour.
MONTREAL - Bombardier Inc. is set to report earnings today as rumours continue to swirl around the potential sale of one of its two main divisions.
Caltex Australia Ltd., Australia's largest retail fuel and convenience chain, says it has received a revised takeover offer from Alimentation Couche-Tard Inc.
CALGARY - The head of Alberta's $30-million-a-year energy war room apologized after the organization attacked The New York Times in a series of tweets over an article about how large financial institutions have stopped funding Alberta oil production.
TORONTO - Manulife Financial Corp. is boosting its quarterly dividend 12 per cent after it capped a stronger 2019 with net earnings more than doubling in the fourth quarter.