National Business

Canada Post needs drastic measures to staunch the fiscal bleeding and revamp its operations after a tough decade, experts say.

TORONTO — Ontario is speeding up its expansion of alcohol sales in the province, and the move comes with up to $225 million in public money for The Beer Store.

CALGARY — Enerplus Corp. says its shareholders have voted to approve a takeover of the company by U.S. company Chord Energy Corp. The Calgary-based oil and gas company says shareholders voted 99.6 per cent in favour of the stock-and-cash deal.

Lynx Air hopes to sell off everything from life jackets to oxygen masks as it tries to recoup a portion of the losses it suffered before filing for creditor protection earlier this year.

TORONTO — CBC is launching 14 free ad-supported streaming channels dedicated to local news across Canada in an effort to attract younger audiences who don't have the "traditional habits" of linear news consumers.

KAMLOOPS, B.C. — The United Steelworkers union says workers at a Hudson's Bay store in Kamloops, B.C., have ratified a new deal with their employer after a 165-day strike. Workers with Local 1-417 walked off the job on Dec.

Restaurants Canada says an increase in the farm-level price of chicken in B.C. could raise costs for consumers by around 10 per cent. The B.C.

OTTAWA — Canadian retail sales slowed in March as shoppers spent less at furniture, home furnishings, electronics and appliances retailers, Statistics Canada said Friday. The agency said retail sales dropped 0.2 per cent to $66.

VANCOUVER AND TORONTO — Canada's Competition Bureau has launched investigations into the parent companies of grocery chains Loblaws and Sobeys for alleged anticompetitive conduct, court documents reveal, with Sobeys' owner calling the inquiry "unlawf

MISCOU, N.B. — Federal Fisheries Minister Diane Lebouthillier met with the lobster industry on Thursday after the government closed a fishing area off northeastern New Brunswick at the height of the season.