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National Business
National Business
Rocky Mountain Dealerships bumps up go-private offer price after investor meetings
CALGARY — Rocky Mountain Dealerships Inc. says the cash price being offered for its shares under a go-private transaction led by its chairman and CEO is being enriched by about six per cent.
Dec 11, 2020 11:13 AM
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Disney Plus to hike monthly price by $3 in Canada, introduces new Star service
TORONTO — Disney Plus is raising the price of its monthly subscription by $3 in Canada next year, but the hike will come with the addition of a new portal of entertainment.
Dec 11, 2020 11:10 AM
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Household debt ratio rises to 170.7 per cent, StatCan says
Canadian households owed an average of $1.71 for every dollar of disposable income in the third quarter, Statistics Canada said on Friday. In other words, Statistics Canada said, household debt as a percentage of disposable income rose to 170.
Dec 11, 2020 10:58 AM
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Inflation still a no-show, US wholesale prices up just 0.1%
WASHINGTON — U.S. wholesale prices edged up just 0.1% in November with the economic disruption from the pandemic continuing to suppress demand and keeping inflation at extremely low levels.
Dec 11, 2020 10:17 AM
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Disney unveils plans to stream a galaxy of new series, films
NEW YORK — The Walt Disney Co.’s streaming plans shifted into hyper speed Thursday, as the studio unveiled a galaxy’s worth of new streaming offerings including plans for 10 “Star Wars” series spinoffs and 10 Marvel series that will debut on Disney+.
Dec 11, 2020 9:52 AM
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Inter Pipeline announces $1 billion spending plan
CALGARY — Inter Pipeline Ltd. says it will shell out $1 billion in capital expenditures in 2021 as it pushes to finish its petrochemical plant.
Dec 11, 2020 8:19 AM
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Lululemon beats expectations as Q3 profits increase 14 per cent to US$143.6 million
VANCOUVER — Lululemon Athletica Inc. beat expectations as its net profit increased 14 per cent to US$143.6 million in the third quarter on higher revenues. The Vancouver-based clothing retailer, which reports in U.S. dollars, earned $1.
Dec 10, 2020 5:58 PM
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US budget deficit up 25.1% in first 2 months of budget year
WASHINGTON — The U.S. government's deficit in the first two months of the budget year ran 25.1% higher than the same period a year ago as spending to deal with the COVID pandemic soared while tax revenues fell.
Dec 10, 2020 5:58 PM
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Most actively traded companies on the Toronto Stock Exchange
TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (17,593.34, up 33.48 points.) Canadian Natural Resources (TSX:CNQ). Energy. Up 80 cents, or 2.57 per cent, to $31.95 on 17.
Dec 10, 2020 5:32 PM
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S&P/TSX composite rise on energy gains amid higher crude oil prices
TORONTO — Canada's main stock index recovered from early losses Thursday as increased crude oil prices propelled the energy sector and loonie higher. The S&P/TSX composite index gained 33.48 points to 17,593.
Dec 10, 2020 5:22 PM
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