Skip to content

National Business

S&P/TSX composite reaches to within five per cent of record high; U.S. markets fall

S&P/TSX composite reaches to within five per cent of record high; U.S. markets fall

TORONTO — Canada's main stock index moved to within about five percentage points of its record high Friday on a broad-based rally involving technologies along with cyclical sectors like materials and energy.
Read more >
Indigo, Penguin Random House want Ontario to deem bookstores essential

Indigo, Penguin Random House want Ontario to deem bookstores essential

TORONTO — Two of the Canadian literary industry's biggest brands are calling on the Ontario government to designate bookstores as essential services — even as COVID-19 cases continue to surge. Retailer Indigo Books & Music Inc.
Read more >

Shoe retailer Caleres to close 133 Naturalizer stores in U.S., Canada

TORONTO — More than 130 Naturalizer stores in the United States and Canada will be closed by early 2021 as Caleres Inc. adopts a digital sales strategy for the shoe chain.
Read more >
Survey shows two-thirds of energy company employers cut labour costs due to COVID-19

Survey shows two-thirds of energy company employers cut labour costs due to COVID-19

CALGARY — A survey by energy labour market organization PetroLMI shows that more than two-thirds of the employers in Canada's oil and gas sector imposed labour cost reduction measures in the wake of the COVID-19 pandemic lockdowns, including 37 per c
Read more >
Business is booming for HVAC companies as commercial buildings see pandemic upgrades

Business is booming for HVAC companies as commercial buildings see pandemic upgrades

Air filters have become big business in the age of COVID-19, for the HVAC companies that can get their hands on them.
Read more >
Canada Post Group of Companies reports $216-million pre-tax Q3 loss

Canada Post Group of Companies reports $216-million pre-tax Q3 loss

OTTAWA — The Canada Post Group of Companies is reporting a third-quarter pre-tax loss of $216 million, as increased revenue from parcel shipping failed to compensate for higher pandemic-related costs and a slowdown in its Canada Post segment.
Read more >
'Less is more:' Restaurants pandemic-proofing menus to survive the second wave

'Less is more:' Restaurants pandemic-proofing menus to survive the second wave

HALIFAX — The menu at the Stubborn Goat Gastropub in downtown Halifax will always have a classic burger and gourmet mac n' cheese. But the slightly more eccentric dishes, peppered with unique ingredients, might be harder to come by these days.
Read more >
Barely out of crisis, Greek economy hammered by new lockdown

Barely out of crisis, Greek economy hammered by new lockdown

Greece has downgraded its forecasts for the economy this year to include the impact of a second lockdown, and says the national debt is now expected to exceed 200% of annual output.
Read more >
Cineplex agrees to shrink theatrical window to 17 days for Universal movies

Cineplex agrees to shrink theatrical window to 17 days for Universal movies

TORONTO — Cineplex Inc. has struck an agreement with Hollywood film studio Universal to shorten the exclusive theatrical release window for its movies to as little as 17 days.
Read more >
Statistics Canada says retail sales climbed 1.1 per cent in September

Statistics Canada says retail sales climbed 1.1 per cent in September

OTTAWA — Retail sales climbed more than expected in September to mark the fifth consecutive monthly increase since the record drop in April due to the pandemic, but economists warned that rising COVID-19 cases and looming restrictions could mean weak
Read more >