Ottawa talking to metals giant Rio Tinto about cash flow help amid U.S. tariffs
Industry Minister Mélanie Joly says the federal government is talking to mining and metals giant Rio Tinto about helping the company with cash flow.
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Leasing companies allege Flair failed to make rent payments, ignored default notices
Plane-leasing companies that seized four aircraft from Flair Airlines in 2023 are seeking damages from the budget carrier, alleging it failed to make rent payments by the deadline and ignored repeated default notices.
Major Quebec aluminum smelter announces $1.5B investment with new electricity deal
The company operating a major Quebec aluminum smelter says it will invest at least $1.5 billion in its North Shore facilities over the next 20 years.
Mysterious band The Velvet Sundown soars in popularity, fuelling AI music debate
A mysterious rock band that may not be a band at all has soared in popularity on music streaming sites, raising fresh concerns over the rise of artificial intelligence in the music industry.
Tesla’s U.K. sales jump in June from a year earlier, data shows
Tesla’s new car sales in Britain rose year-on-year in June amid a broader recovery in the electric-vehicle market, data showed on Friday, as the U.S. auto maker started deliveries of its updated Model Y last month.
Chinese sales of foreign phone makers, including Apple, drop 9.7% in May
Sales of foreign-branded mobile phones in China, including those of Apple Inc, fell 9.7 per cent year-on-year in May, according to data released by a government-affiliated research company on Friday.
China shows signs of tackling the price wars that are taking a toll on its EV industry
The Chinese government is signalling enough is enough when it comes to the fierce competition in the country’s electric car market.
Second-generation Canadians weigh the cost of carrying on the family business – and their parents’ legacy
In the corner of her family’s downtown Toronto restaurant, Jeanette Liu’s young son eats a plate of chili chicken as customers gather around tables and servers bustle across the floor.
Alberta reaches settlement with two coal companies suing over policy flip-flop
Two coal companies suing Alberta’s government over its mining policy flip-flop say they’ve reached a settlement agreement with the province.
Fintrac imposes $544,500 penalty on investment firm Canaccord Genuity
Canada’s financial watchdog says Canaccord Genuity Corp. has paid a $544,500 fine after a compliance examination in 2023.
U.S. labour market surprises with 147,000 new jobs last month
The U.S. labour market delivered another upside surprise last month, churning out a surprisingly strong 147,000 jobs. The unemployment rate ticked down unexpectedly, too.
AGF Management says CEO Kevin McCreadie has died, Judy Goldring named successor
Investment firm AGF Management Ltd. says Kevin McCreadie, the firm’s chief executive officer and chief investment officer, has died. He was 64.
Trican Well Service buying Iron Horse Energy Services in stock-and-cash deal
Trican Well Service Ltd. has signed a deal to buy Iron Horse Energy Services, a privately owned fracturing and coiled tubing services provider.
France fines Shein 40 million euros over ‘deceptive’ sales practices
France announced Thursday a record 40 million-euro fine against e-commerce giant Shein over “deceptive commercial practices” after a competition inquiry.
Sold: Tidewater selling Sylvan Lake gas processing facility for $5.5M
Tidewater Midstream and Infrastructure Ltd. has signed a deal to sell its Sylvan Lake gas processing facility to Parallax Energy Operating Inc. for $5.5 million.
Gold Reserve’s US$7.38 billion bid recommended as winner of Citgo parent auction
A US$7.38 billion bid by a subsidiary of miner Gold Reserve has been selected as the preliminary winner of a U.S. court-organized auction of shares in the parent of Venezuela-owned U.S. refiner Citgo Petroleum, according to a document filed by the officer overseeing the sale process and a company release.