Company News

CAE Inc. has reached a deal to settle a class-action lawsuit by shareholders against the company, its former chief executive and its former chief financial officer that will see the defendants pay $38.25 million.

The Walt Disney Company’s President Dana Walden said on Thursday that the company’s layoffs were “extremely painful” but necessary for its survival.

Canadian Pacific Kansas City Ltd. says it has set records for grain shipments in Canada and the United States for September and the third quarter as a whole.

Tesla beat Wall Street estimates for third-quarter deliveries on Friday, as a demand rebound in Europe offset the loss of U.S. tax incentives and stiffer competition in China.

When Nike brought Elliott Hill out of retirement in October 2024, investors hoped the company veteran would quickly reverse years of product missteps, rebuild relationships with wholesalers and restore the sportswear giant’s lost momentum.

Amazon’s cloud computing division said on Friday it would invest more than US$1 billion over the next five years in U.S. communities where it has data centres and vowed to tackle their impacts on electricity and water usage.

Algoma Steel Group Inc. has released guidance for the third quarter, saying it expects total steel shipments to be around 145,000 tons.

Baby strollers are being recalled in Canada because of a risk of children getting hurt.

The union representing Stelco Holdings Inc. workers says the steelmaker’s U.S. parent company is blaming the planned layoff on the trade war.

Shares in Enerflex Ltd. gained more than 10 per cent after it says it won a contract to design and build 450 megawatts in natural gas-fired power generators for a North American data centre developer.

WSP Global Inc. says it has signed a deal to buy GCM Corpo Inc., a Canadian engineering consulting firm focused on the energy and industrial sectors.

Bell and government officials marked construction progress on the Bell AI Data Centre in the RM of Sherwood, Sask. on Thursday, while also announcing a $1 million investment to support mental health in the province.

Canada Pension Plan Investment Board has signed a deal to sell its Australian toll road assets to Transurban for a total of about $4.5 billion.

The Detroit Three are expected to lose ground to Asian rivals when they report third-quarter U.S. sales this week, according to experts, as soaring gasoline prices due to the Iran war push buyers towards hybrids and more fuel-efficient models.

A U.S. federal judge has now granted Paramount’s settlement agreement with 12 U.S. states that sued over the company’s takeover of Warner Bros. Discovery, allowing the companies to soon close their US$81 billion mega merger.