Skip to content

National Business

B.C. fisherman fined $33K for harvesting in 'globally unique' glass-sponge reefs

B.C. fisherman fined $33K for harvesting in 'globally unique' glass-sponge reefs

VANCOUVER — The owner of a commercial halibut vessel in British Columbia has received more than $33,000 in fines for fishing in a marine protected area containing glass sponge reefs unique to the waters of the Pacific Northwest.
Read more >
RioCan earnings rise to $122.4 million in second quarter

RioCan earnings rise to $122.4 million in second quarter

TORONTO — RioCan Real Estate Investment Trust says its net income for the second quarter was $122.4 million, up from $112.0 million during the same quarter last year. RioCan says its revenues totalled $292.2 million, up from $276.
Read more >
Sleep Country earnings rise as direct-to-consumer brands help buffer softer spending

Sleep Country earnings rise as direct-to-consumer brands help buffer softer spending

TORONTO — Sleep Country Canada Holdings Inc. says it earned $15.8 million in its second quarter, up from $12.7 million a year earlier. The Toronto-based company says its revenues for the quarter were $232.5 million, up from $217.
Read more >
Fight brewing at CRTC over first Online News Act payment by Google

Fight brewing at CRTC over first Online News Act payment by Google

OTTAWA — A new fight is playing out at the Canadian Radio-television and Telecommunications Commission over the first $100-million annual payment Google agreed to pay Canadian news outlets.
Read more >
Court hears arguments in civil suit filed by Frank Stronach's granddaughter

Court hears arguments in civil suit filed by Frank Stronach's granddaughter

An Ontario Superior Court heard arguments on Thursday in a lawsuit filed by Frank Stronach's granddaughter, who is seeking an order compelling the family business to disclose any documents that might exist related to complaints of sexual misconduct a
Read more >
Pembina Pipeline earns $479 million in second quarter, ups full-year forecast

Pembina Pipeline earns $479 million in second quarter, ups full-year forecast

CALGARY — Pembina Pipeline Corp. says it earned $479 million in its second quarter of this year, a 32-per-cent increase over the same period in 2023.
Read more >
Quebecor calls on regulator to address network access issues as it pushes expansion

Quebecor calls on regulator to address network access issues as it pushes expansion

Quebecor Inc. says it's pushing Canada's telecom regulator to help resolve network access issues that are holding back the Quebec-based company's expansion plans.
Read more >
Wall Street rallies to its best day since 2022 on encouraging unemployment data; S&P 500 jumps 2.3%

Wall Street rallies to its best day since 2022 on encouraging unemployment data; S&P 500 jumps 2.3%

NEW YORK (AP) — U.S. stocks rallied Thursday in Wall Street’s latest sharp swerve after a better-than-expected report on unemployment eased worries about the slowing economy . The S&P 500 jumped 2.
Read more >
Court approves Postmedia bid for insolvent Atlantic newspaper chain

Court approves Postmedia bid for insolvent Atlantic newspaper chain

HALIFAX — Postmedia Network Inc. has won court approval for its bid to buy Atlantic Canada's largest newspaper chain, but the company says the acquisition will lead to job cuts.
Read more >
Fares could rise after Calgary hailstorm forces airlines to cancel flights: experts

Fares could rise after Calgary hailstorm forces airlines to cancel flights: experts

Experts say airfares may go up in the immediate aftermath of a hailstorm that tore through Calgary on Monday evening, damaging planes at WestJet and Flair Airlines and upending travel plans for thousands of passengers.
Read more >