Business

Longtime associate of John Risley claims seafood magnate's firm owes him $22 million

ST. JOHN'S — An Atlantic Canadian investment firm run by seafood magnate John Risley is facing a multimillion-dollar lawsuit and a change in ownership. Brendan Paddick, Risley's longtime business associate,...

12m ago

Saskatchewan government to spend extra $655M; NDP calls for accountability

REGINA — Saskatchewan's Opposition NDP is calling on Premier Scott Moe's government to open the books for spending an extra $655 million. The province is paying that amount through executive orders...

12m ago

Retail landscape strong despite Toys "R" Us, Hudson's Bay failures: RioCan

TORONTO — The head of RioCan Real Estate Investment Trust says the recent financial troubles of retailers like Toys "R" Us and Hudson's Bay are not representative of the wider retail landscape. Chief...

26m ago

Province will not commit to opening date on new subway line in Toronto

TORONTO — The province will not commit to an opening date for the new subway line currently under construction in Toronto and warns a major expressway could be shut down to build bridges, Metrolinx CEO...

12m ago

Canadian Tire reveals new AI platform for detecting consumer trends

TORONTO — Canadian Tire Corp. says a new platform it's been developing with Microsoft will help the retailer's staff better detect patterns in customer demand. The platform will be used at Canadian Tire...

1h ago

Canadian Tire reveals new AI platform for detecting consumer trends

TORONTO — Canadian Tire Corp. says a new platform it's been developing with Microsoft will help the retailer's staff better detect patterns in customer demand. The platform will be used at Canadian Tire...

2h ago

GM to spend $63 million on Oshawa, Ont. plant

OSHAWA — General Motors says it will spend $63 million to upgrade stamping operations at its assembly plant in Oshawa, Ont. The news comes after the company ended the third shift at the plant at the...

1h ago

CIBC warns overstated housing starts mask economic weakness in Canada

OTTAWA — CIBC is warning that cracks forming in the housing market will weigh on the economy as construction flags and homeowners keep a tighter grip on their wallets. The bank says in a new report that...

1h ago

Tim Hortons brings roll up to win cups back for foreseeable future

TORONTO — Canada's time-honoured tradition of rolling up the rim to win is being brought back for the foreseeable future. Tim Hortons says its hot beverage cups with rims that can be unravelled to reveal...

12m ago

S&P/TSX composite up more than 400 points, U.S. stock markets also higher

TORONTO — Strength in the technology and base metals sectors helped Canada's main stock index gain more than 400 points in late-morning trading, while U.S. stock markets also climbed. The S&P/TSX...

2h ago