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Canada Post said it notched nearly $1.3 billion in operating losses last year as the beleaguered institution laid out its “final offers” to the union representing 55,000 workers after negotiations resumed on Wednesday.
BMO Financial Group’s second-quarter profit rose from a year ago even as its Canadian banking and capital markets divisions saw income drop from tariff-related uncertainty.
A surge in trading revenue related to tariff-induced market volatility helped National Bank of Canada handily beat analyst expectations in its second quarter.
Premier Doug Ford’s government is set to capitulate to some First Nation demands on a controversial mining bill, though it will not kill the proposed law outright, The Canadian Press has learned.
A federal Crown corporation paid more than $330,000 to an outside marketing firm to rebrand a planned passenger rail project between Toronto and Quebec City and boost its popularity.
Bell Canada has announced it will open six artificial intelligence data centres in B.C. as part of a plan to create the largest AI compute project in Canada.
Definity Financial Corp. says it will acquire most of the Canadian operations of U.S. insurance firm Travelers for $3.3 billion.
Britain’s biggest water company was fined almost 123 million pounds (US$166 million) on Wednesday for releasing sewage into rivers and streams while paying dividends to its shareholders.
Big U.S. banks are holding internal discussions about expanding into cryptocurrencies as they get stronger endorsements from regulators, but initial steps will be tentative.
Amazon’s deal with Stellantis to create in-car software that the companies hoped would transform the driving experience while bolstering their vehicle-tech credentials is 'winding down,' the companies confirmed after a Reuters inquiry.
Stellantis, the world’s fourth-largest carmaker, named Italian auto executive Antonio Filosa as its new chief executive officer Wednesday, replacing Carlos Tavares, who resigned under pressure last year.
After back-to-back explosions, SpaceX launched its mega rocket Starship again on Tuesday evening, but fell short of the main objectives when the spacecraft tumbled out of control and broke apart.
The U.S. government will have veto power over key decisions relating to U.S. Steel, as part of a deal with Nippon Steel that would approve the Japanese firm’s bid for the well-known American steel company, a U.S. lawmaker said on Tuesday.
Telus Corp. has announced it will spend more than $70 billion over the next five years to enhance connectivity, including through improvements to its network infrastructure and by building artificial intelligence data centres.
Cautious borrowers and a worsening economic outlook pushed Scotiabank earnings slightly down in the second quarter from last year as the bank put aside more money for potentially bad loans ahead.
InterRent Real Estate Investment Trust has signed a deal to be acquired by a group including executive chair Mike McGahan and Singapore sovereign wealth fund GIC for about $2 billion.
