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National Business
National Business
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.
Jul 22, 2024 2:26 PM
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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.
Jul 22, 2024 2:07 PM
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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.
Jul 22, 2024 2:05 PM
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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.
Jul 22, 2024 1:41 PM
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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.
Jul 22, 2024 1:30 PM
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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.
Jul 22, 2024 1:28 PM
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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.
Jul 22, 2024 1:07 PM
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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.
Jul 22, 2024 10:55 AM
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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
Jul 22, 2024 9:28 AM
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Two-thirds of Canadians 'desperately' need interest rates to go down: MNP survey
The central bank lowered its benchmark interest rate by a quarter of a percentage point to 4.75 per cent in June and economists expect another cut could be in store when it meets Wednesday for its next rate decision.
Jul 22, 2024 8:36 AM
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