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National Business

CBS names Margaret Brennan as 'Face the Nation' anchor

CBS names Margaret Brennan as 'Face the Nation' anchor

NEW YORK — CBS News has named Margaret Brennan as moderator of the Sunday morning political talk show "Face the Nation," replacing John Dickerson.
CIBC raises dividend following better-than-expected first quarter

CIBC raises dividend following better-than-expected first quarter

TORONTO — The Canadian Imperial Bank of Commerce set the tone for banks' earnings season with a dividend hike and better-than-expected first-quarter net income, helped by a boost in earnings in its U.S.
Loblaw facing challenging year, as Q4 profits fall on PC Optimum, price-fixing costs

Loblaw facing challenging year, as Q4 profits fall on PC Optimum, price-fixing costs

Loblaw Companies Ltd. reported a drop in its fourth-quarter profit and said it is prepared for another challenging year in the grocery industry as it readies for increased labour costs and the impact of recently announced drug reform.
German court defers ruling on banning diesel cars in cities

German court defers ruling on banning diesel cars in cities

BERLIN — A German court has deferred a decision on whether to allow a ban on diesel cars in cities to lower air pollution, a move that could have drastic consequences for the country's powerful auto industry.

Innergex sees boost from cryptocurrency mining after Alterra takeover

LONGUEUIL, Que. — Innergex Renewable Energy Inc. says increasing demand from cryptocurrency mining is helping to boost demand at its recently acquired operations in Iceland.
Magna expects this year will build on record high sales, profit in 2017

Magna expects this year will build on record high sales, profit in 2017

AURORA, Ont. — Magna International Inc. is on track to grow its sales in 2018 but more slowly than last year, when it had record high annual and fourth-quarter sales, the Canadian auto parts maker said Thursday. Aurora, Ont.
Statistics Canada says retail sales fell 0.8 per cent in December

Statistics Canada says retail sales fell 0.8 per cent in December

OTTAWA — Canadian retail sales fell in December after the growing popularity of Black Friday sales in advance of the holiday season boosted results in November.
Rapid changes in remittance industry means a good time to shop around

Rapid changes in remittance industry means a good time to shop around

Liza Bautista has been sending money home to family in the Philippines for more than 20 years, using the same remittance company for much of the time.
Talk-show host sues PBS for breach of contract after firing

Talk-show host sues PBS for breach of contract after firing

WASHINGTON — Talk-show host Tavis Smiley is suing his former employer, the Public Broadcasting Service, for breach of contract after he was fired over sexual harassment allegations. The Washington Post reports that the lawsuit was filed Tuesday in D.

Hudbay Minerals Inc. swings to higher profits and revenue in latest quarter

TORONTO — Hudbay Minerals Inc. has reported that its profits and revenue rose in the latest quarter, as the miner saw an increase in cash flow due to higher realized copper and zinc prices.