Canadian business insolvencies rise almost 42 per cent from last year
OTTAWA – Canadian business insolvencies were up 41.8 per cent from a year earlier in the third quarter, surpassing pre-pandemic levels. The Office of the Superintendent...
Trans Mountain Corp. issued stop-work order for environmental non-compliance
CALGARY – The company building the Trans Mountain pipeline expansion has been issued a temporary stop-work order due to environmental non-compliance related to a wetland near...
Magna beats expectations with profit boost as light vehicle production ramps up
Magna International Inc. is reporting a jump in profits and revenues for its third quarter, beating analyst expectations. The auto parts manufacturer, which keeps its books...
Telus profits plunge 74% despite record customer growth
VANCOUVER – Telus Corp. is reporting a74 per cent year-over-year drop in profits in its latest quarter, despite a solid revenue boost and record customer growth....
Here’s a quick glance at unemployment rates for October, by Canadian city
OTTAWA – The national unemployment rate was 5.7 per cent in October. Statistics Canada also released seasonally adjusted, three-month moving average unemployment rates for major cities....
Officials identify two workers – one killed, one still missing – after Kentucky coal plant collapse
Officials have released the names of two workers trapped when a coal mine preparation plant collapsed earlier this week in eastern Kentucky. Martin County Judge Executive...
Enbridge records Q3 profit as it awaits approvals for U.S. gas utility acquisitions
CALGARY – Enbridge Inc. says its most recent quarter delivered a profit of $500 million as it announced the acquisition of three U.S. gas utilities. The...
Tim Hortons parent company sees $364 million profit in Q3 despite rising costs
TORONTO – Restaurant Brands International Inc. recorded a US$364 million profit in its most recent quarter as it continued to warn of increases in commodity, labour,...
No police investigation for husband of Norway’s ex-prime minister over stock trades
The husband of Norway’s former prime minister Erna Solberg will not face investigation over his stock trading during her two terms in office, Norwegian police announced...
Biden administration awards $653 million in grants for 41 projects to upgrade ports
WASHINGTON (AP) — The Transportation Department on Friday awarded $653 million in grants to upgrade and improve 41 water-based ports across the United States. The grants...