Skip to content

National Business

Legacy, financial opportunity likely motivated Rogers for MLSE takeover: experts

Legacy, financial opportunity likely motivated Rogers for MLSE takeover: experts

TORONTO — Experts say rising team valuations and the desire to forge a legacy are likely at the heart of what motivated Rogers Communications Inc. executive chair Edward Rogers to bolster the company's portfolio of Toronto professional sports teams.
Read more >
Stock market today: Wall Street closes out a record-setting week on a quiet note

Stock market today: Wall Street closes out a record-setting week on a quiet note

NEW YORK (AP) — A record-setting week for Wall Street closed on a quieter note. U.S. stocks mostly pulled back from their highs hit during a worldwide rally the day before, even as the Dow Jones Industrial Average edged up to another record.
Read more >
"Deeply disappointed": Jasper mayor says CN Rail relocation will be devastating

"Deeply disappointed": Jasper mayor says CN Rail relocation will be devastating

CN Rail's decision to pull operations out of the Rocky Mountain tourist town of Jasper, Alta., will have a devastating impact on local families, says mayor Richard Ireland.
Read more >
Years-long ban on Canadian beef highlights "uncertainty" of Chinese market

Years-long ban on Canadian beef highlights "uncertainty" of Chinese market

CALGARY — China's ongoing ban on Canadian beef appears to have no end in sight, making it a textbook example of the uncertainty Canadian exporters continue to face in that market.
Read more >
July retail sales 'positive surprise' but need more rate cuts to persist: analysts

July retail sales 'positive surprise' but need more rate cuts to persist: analysts

Retail sales edged up in July, but economists say it will take further interest rate cuts to really spark lasting activity. Statistics Canada said Friday that retail sales rose 0.9 per cent to $66.4 billion in July, helped by stronger new car sales.
Read more >
Passenger on a previous Titan sub dive says his mission was aborted due to apparent malfunction

Passenger on a previous Titan sub dive says his mission was aborted due to apparent malfunction

A paid passenger on an expedition to the Titanic with the company that owned the Titan submersible testified before a U.S. Coast Guard investigatory panel Friday that the mission he took part in was aborted due to apparently mechanical failure.
Read more >
Bank of Canada trying to figure out how AI might affect inflation, Macklem says

Bank of Canada trying to figure out how AI might affect inflation, Macklem says

OTTAWA — Bank of Canada governor Tiff Macklem says there is a lot of uncertainty around how artificial intelligence could affect the economy moving forward, including the labour market and price growth.
Read more >
Aurora Cannabis CEO Miguel Martin adds the role of executive chairman

Aurora Cannabis CEO Miguel Martin adds the role of executive chairman

EDMONTON — Aurora Cannabis Inc. says chief executive Miguel Martin is adding the title of executive chairman. The company says the board believes that combining the CEO and chairman roles will help promote strong and consistent leadership.
Read more >
How a group of Toronto tenants turned to a risky last resort and got a 'huge victory'

How a group of Toronto tenants turned to a risky last resort and got a 'huge victory'

TORONTO — In the middle of the small crowd — near the tents, the lineup of kids awaiting face painting, the snack table — stood a jubilant Chiara Padovani.
Read more >
A fire that burned for 4 days after Texas pipeline explosion has finally gone out

A fire that burned for 4 days after Texas pipeline explosion has finally gone out

DEER PARK, Texas (AP) — A pipeline fire that burned in a Houston suburb for four days finally went out Thursday as authorities announced a criminal investigation into the blaze that had roared into a towering flame, forcing neighborhoods to evacuate
Read more >