Skip to content

National Business

North American stock markets finish higher, loonie up

North American stock markets finish higher, loonie up

TORONTO — Canada's main stock index finished higher on Monday as investors factored an optimistic perspective on the U.S. economic recovery against more worrying sentiment from the Bank of Canada.
Global oil demand rebound from pandemic's lows prompts price spike forecasts

Global oil demand rebound from pandemic's lows prompts price spike forecasts

CALGARY — Oil analysts say a rebound in the world's hunger for oil has already started after demand destruction caused by the COVID-19 pandemic fell far short of what many experts had expected.
Ford revives Bronco brand, aims at Jeep's big off-road sales

Ford revives Bronco brand, aims at Jeep's big off-road sales

DETROIT — When it comes to rugged vehicles that go off the road, over rocks and into the mud to experience nature, Jeep for years has cornered the U.S. market. Now Ford is reviving the Bronco brand name in an effort to take a slice.
Uber buys Postmates, ups delivery game in $2.65 billion deal

Uber buys Postmates, ups delivery game in $2.65 billion deal

SILVER SPRING, Md. — Uber has widened its reach in the fiercely competitive delivery market by acquiring Postmates in a $2.65 billion all-stock deal, the company said Monday.
One third of Indigenous workers in Canada in jobs facing automation, says report

One third of Indigenous workers in Canada in jobs facing automation, says report

TORONTO — One-third of Canada's Indigenous workers are in jobs facing a high risk of automation, a new report has found.
Activity in services sector shows record rebound in June

Activity in services sector shows record rebound in June

WASHINGTON — Activity in the U.S. services sector rebounded strongly last month, but those gains are now being threatened by the resurgence of coronavirus cases in many parts of the country.
Canopy Growth worker tests positive for COVID-19, eight more to undergo testing

Canopy Growth worker tests positive for COVID-19, eight more to undergo testing

SMITHS FALLS, Ont. — Canopy Growth Corp. says an employee at its Smiths Falls, Ont. facility has tested positive for COVID-19.
Developers cancel long-delayed, $8B Atlantic Coast Pipeline

Developers cancel long-delayed, $8B Atlantic Coast Pipeline

RICHMOND, Va. — The developers of the long-delayed, $8 billion Atlantic Coast Pipeline announced the cancellation of the multi-state natural gas project Sunday, citing uncertainties about costs, permitting and litigation.

Ubisoft shakes up executive ranks, begins process to deal with harassment

TORONTO — A Paris-based game software developer with offices in several Canadian cities is making changes in response to complaints against several executives, including a vice-president based in Toronto.
Five things to watch for in the Canadian business world in the coming week

Five things to watch for in the Canadian business world in the coming week

TORONTO — Five things to watch for in the Canadian business world in the coming week: Business outlook Bank of Canada will release its business outlook survey and Canadian survey of consumer expectations on Monday.