TORONTO - Martinrea International Inc. capped a difficult year in which it faced automotive plant closures with its net profit falling 12 per cent to nearly $45 million in the final quarter of 2020.
CALGARY - Parkland Corp. is reporting lower fourth-quarter earnings and revenue as affects of the COVID-19 pandemic lockdowns continue to erode fuel sales.
TORONTO - North American stock markets dropped Thursday despite efforts by the chairman of the Federal Reserve to reassure investors that interest rates aren't about to increase.
HALIFAX - An Atlantic Canadian undergarment company that quickly retooled its factory last spring to make personal protective equipment is laying off 150 workers after failing to win a new federal contract.
CALGARY - The move by U.S. President Joe Biden to cancel the Keystone XL pipeline in January continues to plague Canadian oil companies, with Canadian Natural Resources Ltd. forced to digest a related $143-million charge on its fourth-quarter results on Thursday.
MONTREAL - While the business jet market will take "several years" to return to pre-pandemic levels, Bombardier Inc. plans to capitalize on growth of after-sales service to achieve its goal of US$7.5 billion in sales in 2025.
OTTAWA - Unifor president Jerry Dias says Air Canada continues to promise refunds for passengers whose flights were cancelled during the COVID-19 pandemic.
GATINEAU, Que. - The CRTC says that consumers with smartphone-financing plans of three years or longer will be protected by a policy that caps cancellation fees.
LONDON - U.K. authorities have launched an investigation into Apple's App Store over concerns it has a dominant role that stifles competition and hurts consumers.
SAN FRANCISCO - Financial technology company Square, Inc. said Thursday that it has reached an agreement to acquire majority ownership of Tidal, the music streaming service partly owned by Jay-Z.
Ottawa has come up with a simpler way to claim expenses for that spare room or corner that became a makeshift office last spring when pandemic lockdowns went into effect across the country.
NEW YORK - Paramount+ debuts Thursday as the latest — and last — streaming option from a major media company, this time from ViacomCBS. It's betting that consumers are willing to add yet another paid streaming service in an increasingly crowded field.
CALGARY - Calfrac Well Services Ltd. reported a fourth-quarter profit of $125.9 million, boosted by a gain on the settlement of debt.
MOSCOW - The European Medicines Agency has started a rolling review of Russia's Sputnik V coronavirus vaccine, many months after it was first approved for use in Russia and after dozens of countries around the world have authorized it.
LONDON - Regulators in the U.K. and four other countries have announced new rules to fast-track the development of modified COVID-19 vaccines to ensure drugmakers can move swiftly to target emerging variants of the disease.
TORONTO - Twitter Inc. will be bulking up on Canadian talent this year with a hiring spree meant to add dozens of engineers in the country to its staff.
Hudson's Bay Co. hopes to transform its website into Canada’s next online shopping marketplace in a bid to position itself as a premium, home-grown alternative to e-commerce heavy hitters like Amazon.
AUSTIN, Texas - Texas' power grid manager was fired Wednesday amid growing calls for his ouster following February's deadly blackouts that left millions of people without electricity and heat for days in subfreezing temperatures.
TORONTO - Canadian stock market activity soared in February as an investor frenzy for stocks such as BlackBerry Ltd.'s was accelerated by surplus cash from COVID-19 lockdowns.
BRUSSELS - The European Union said Wednesday that Britain's “unilateral action" on trade rules will breach international law and is threatening legal action as post-Brexit tensions continue to escalate between the two sides.
TORONTO - North American stock markets lost some ground midweek as the technology and materials sectors took hits from rising bond yields.
TORONTO - Canadian auto sales in February were down nearly 10 per cent compared with February 2020, the last full month before the lockdowns began due to the COVID-19 pandemic.
CALGARY - The president and country head for Shell Canada says its transition into a provider of cleaner energy is being driven by a network of "agile teams" of employees who are examining between 30 and 40 project ideas at a time.
Sky Regional Airlines Inc. will shut down at the end of March after Air Canada said it was ending its contract with the company.
VANCOUVER - Comments made by former U.S. President Donald Trump turned a senior executive for Chinese communications giant Huawei Technologies, into a “bargaining chip” and “co-opted the extradition process,” her lawyers argued in a Canadian court Wednesday as they fought efforts to send her…
NEW YORK - More than one-third of U.S. nonprofits are in jeopardy of closing within two years because of the financial harm inflicted by the viral pandemic, according to a study being released Wednesday by the philanthropy research group Candid and the Center for Disaster Philanthropy.
Toronto's housing market soared to new heights in February even as the average home price surpassed $1 million for the first time and the recent buying frenzy intensified.
EDMONTON - The parent company of Canadian pay-television provider Super Channel has asked an Alberta court to block four Canadian retailers from selling set-top boxes that allegedly are designed to give customers access to pirated programming.
TORONTO - CBS All Access will be renamed Paramount Plus on Thursday, which brings heaps of new streaming programming to its U.S. subscribers, but not Canadian customers.
CALGARY - Power generator TransAlta Corp. says it has set a goal to be carbon neutral by 2050 and to cut greenhouse gas emissions to 60 per cent below 2015 levels by 2030.
Laurentian Bank Financial Group's chief executive says the company will double down on its residential mortgage business as part of a deep review of the bank's business.
CANBERRA, Australia - Rio Tinto chairman Simon Thompson said Wednesday he was accountable for the mining giant destroying sacred Indigenous sites in Australia to access iron ore and he will not seek reelection as a board director next year.
WASHINGTON - Growth in the services sector, where most Americans work, slowed sharply in February with hurdles related to the pandemic hindering growth.
LONDON - Britain’s treasury chief on Wednesday announced an additional 65 billion pounds ($91 billion) of support for an economy ravaged by the coronavirus pandemic, extending job support programs and temporary tax cuts to help workers and businesses in his annual budget.
NEW YORK - Bed Bath & Beyond will launch a slew of new store brands to lure younger customers in a bid to energize sales at the home retail chain.
AUSTIN, Texas - Texas is lifting its mask mandate, Gov. Greg Abbott said Tuesday, making it the largest state to no longer require one of the most effective ways to slow the spread of the coronavirus.
WASHINGTON - The Senate voted overwhelmingly Tuesday to confirm Rhode Island Gov. Gina Raimondo to serve as President Joe Biden’s commerce secretary and help guide the economy's recovery during and after the coronavirus pandemic.
WASHINGTON - President Joe Biden said Tuesday the U.S. expects to take delivery of enough coronavirus vaccine for all adults by the end of May — two months earlier than anticipated — and he pushed states to get at least one shot into the arms of teachers by the end of March to hasten school …
NEW YORK - Target will plow $4 billion into its business each year for the next several years to redo its stores, add new ones and speed up delivery as the discounter aims to keep up with increasingly demanding shoppers shaped by the pandemic.
MONTREAL - Residential sales in metropolitan Montreal fell in February for the first time in six years as transactions plunged outside Quebec's largest city.
WASHINGTON - President Joe Biden’s choice to head the Securities and Exchange Commission told Congress on Tuesday that the agency should address how to protect investors who use online stock-trading platforms with flashy tech gimmicks that entice them to trade more.
Arizona State women's basketball was led by junior guard Taya Hanson — of Kelowna, B.C. — after her career-performance in a 56-63 win over California on Friday, Jan. 1. Hanson tied an ASU program record with seven made threes, finishing with 21 points on 7-of-10 shooting from beyond-the-arc …