Onex selling minority stakes in WestJet to Delta and Korean Air
Onex Corp. is selling minority stakes in WestJet to Delta Air Lines and Korean Air for a total of US$550 million.
ADVERTISEMENT
Statistics Canada to release April job numbers this morning
Statistics Canada will release its latest look at the country’s job market for April this morning.
Cenovus Energy shares jump after it ups dividend, beats on Q1 earnings
Shares in oil producer Cenovus Energy Inc. jumped more than nine per cent Thursday after it reported quarterly profits that beat market expectations, upped its shareholder payout and sought to reassure investors it can withstand oil prices much weaker than they are today.
M&A may have to wait amid trade war, but WSP Global CEO sanguine as profits rise
WSP Global Inc. remains largely insulated from tariff fallout and cost-cutting by the U.S. government, but acquisitions at the engineering giant may have to take a back seat amid broader economic uncertainty, says chief executive Alexandre L’Heureux.
Ottawa, Indigenous capital group sign first-of-its-kind 10-year agreement
Ottawa and the National Aboriginal Capital Corporation Association have signed a first-of-its-kind, $514 million agreement to help boost entrepreneurship.
Trump’s trade war threatens Canadian economic gains, Bank of Canada warns
The Bank of Canada says household finances and the financial system were showing signs of increased resilience as the year started, but the threat of a prolonged trade war has pushed risks higher overall.
Average asking rents down annually for seventh straight month at $2,127: report
The national average asking rent in April was down year-over-year for the seventh straight month at $2,127, marking a decrease of 2.8 per cent.
Head of Linamar says U.S. tariffs have had ‘minimal impact’ on auto parts maker
The head of one of Canada’s largest auto parts suppliers says that despite months of handwringing over U.S. President Donald’s Trump’s tariffs and how they would impact the automotive industry, her company has been mostly unscathed by them so far.
Tim Hortons parent Restaurant Brands sees weaker spending as consumer confidence dips
Tim Hortons parent company Restaurant Brands International Inc. reported its first-quarter profit fell compared with year ago.
Bill Gates pledges his remaining fortune to the Gates Foundation, which will close in 20 years
Bill Gates says he will donate 99 per cent of his remaining tech fortune to the Gates Foundation, which will now close in 2045, earlier than previously planned.
How trade war can elevate mortgage stress in Canada in 3 charts
The Bank of Canada warned that a severe and long-lasting global trade war may cause more mortgage borrowers to fall behind on their payments — even beyond levels reached in the global financial crisis.
Maple Leaf Foods reports $49.6M Q1 profit, sales up eight per cent from year ago
Maple Leaf Foods Inc. says it earned a first-quarter profit of $49.6 million, down from $51.6 million a year ago, as its sales rose eight per cent.
Quebecor reports $190.7M Q1 profit, up from $173.2M a year earlier
Quebecor Inc. reported its first-quarter profit rose compared with a year ago.
Canada to build small modular nuclear reactor, first within G-7
Canada approved a $20.9 billion (US$15.1 billion) plan to build a new, smaller kind of nuclear power plant, providing a significant shot in the arm for the nascent industry.
BCE cuts quarterly dividend, signs fibre deal with PSP Investments
BCE Inc. cut its quarterly dividend payment to shareholders and announced a partnership deal with the Public Sector Pension Investment Board to help accelerate the development of fibre infrastructure in the U.S.
Shoppers ‘more resilient’ in face of tariffs than Canadian Tire CEO expected
he tariff fight that has broken out between the U.S. and its trading partners doesn’t appear to be rankling Canadian Tire Corp. Ltd. customers as much as its CEO once expected.