Skip to content

National Business

Air Canada cuts 2024 forecast amid tough competition, excess capacity

Air Canada cuts 2024 forecast amid tough competition, excess capacity

MONTREAL — Air Canada has lowered its 2024 earnings forecast, saying its planes have not been flying as full as anticipated this summer in part due to tough competition in international markets.
Read more >
Canfor Corp. CEO Don Kayne to step down at the end of 2024

Canfor Corp. CEO Don Kayne to step down at the end of 2024

VANCOUVER — Canfor Corp. says its president and CEO is retiring at the end of the year. The Vancouver-based company says Don Kayne has held the role since 2011, and has been with the company for 46 years.
Read more >
CN Rail fined $8M for crude oil spills related to 2015 train derailments

CN Rail fined $8M for crude oil spills related to 2015 train derailments

TIMMINS, ONT. — Canadian National Railway Co. has been ordered to pay $8 million in fines for environmental offences related to two 2015 train derailments.
Read more >
Sleep Country to be acquired by Fairfax Financial for $1.7 billion

Sleep Country to be acquired by Fairfax Financial for $1.7 billion

TORONTO — After fielding calls from private equity firms looking to buy Sleep Country Canada Holdings Inc. over the years, CEO Stewart Schaefer has chosen to sell to Fairfax Financial Holdings Ltd. for $1.
Read more >
S&P/TSX composite index up almost 200 points Monday, U.S. markets also rise

S&P/TSX composite index up almost 200 points Monday, U.S. markets also rise

TORONTO — Gains in the financial, industrial and utilities sectors led Canada's main stock index higher on Monday, while U.S. stock markets also rose.
Read more >
Tenants offered accommodations and support after surprise mass eviction

Tenants offered accommodations and support after surprise mass eviction

WINNIPEG — Some tenants of an apartment building moved back in Monday, more than a week after they say they were forced out on a few hours' notice by a new landlord who put some of their belongings on the front lawn.
Read more >
Most airlines except one are recovering from the CrowdStrike tech outage. The feds have noticed

Most airlines except one are recovering from the CrowdStrike tech outage. The feds have noticed

Delta Air Lines struggled for a fourth straight day to recover from a worldwide technology outage caused by a faulty software update , stranding tens of thousands of passengers and drawing unwanted attention from the federal government.
Read more >
Stock market today: Wall Street climbs as Big Tech recovers following worst week in months

Stock market today: Wall Street climbs as Big Tech recovers following worst week in months

NEW YORK (AP) — U.S. stocks closed broadly higher, clawing back some of the losses from their worst week since April. The S&P 500 rose 1.1% Monday, breaking a three-day losing streak.
Read more >
LCBO has bright future, Premier Ford says as two-week-long strike comes to an end

LCBO has bright future, Premier Ford says as two-week-long strike comes to an end

TORONTO — Ontario's main liquor retailer has a bright future, Premier Doug Ford said Monday as thousands of employees returned to work after a two-week strike. The Liquor Control Board of Ontario said its stores will be open for business on Tuesday.
Read more >
Transportation Safety Board investigating fire aboard boat abandoned by 'Lucky 7'

Transportation Safety Board investigating fire aboard boat abandoned by 'Lucky 7'

HALIFAX — The Transportation Safety Board of Canada has sent investigators to Newfoundland to determine what caused a fire aboard a fishing boat that forced the crew to abandon the vessel for a life-raft, leaving them at the mercy of the waves for tw
Read more >