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National Business
National Business
Mithaq lets Aimia takeover offer expire after not enough shares tendered
TORONTO — Mithaq Capital SPC says it's dropping its hostile takeover offer for Aimia Inc. after not enough shares were tendered before the bid expired on Thursday.
Feb 16, 2024 8:25 AM
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Beyond the shelf: How grocers decide what gets donated and what gets dumped
TORONTO — On a cool-but-sunny February day in Toronto’s west end, a temperature-controlled truck pulls up at the rear of a Metro grocery store, where pallets of food about to reach their sell-by date sit waiting.
Feb 16, 2024 4:00 AM
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WestJet CEO apologizes for accessibility failures, defends airline's record
WestJet chief executive Alexis von Hoensbroech apologized for incidents where the airline failed to accommodate people living with disabilities, saying he hopes to improve travel accessibility.
Feb 15, 2024 9:10 PM
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Rogers urges CRTC to prioritize costs of companies that build internet networks
Rogers Communications Inc. says the telecom regulator should phase out its current approach to wholesale network access, which requires smaller internet companies to pay a set rate to larger ones to use their networks and then sell to Canadians.
Feb 15, 2024 8:28 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 (21,222.69, up 333.29 points): Enbridge Inc. (TSX:ENB). Energy. Up 67 cents, or 1.48 per cent, to $45.81 on 13.4 million shares.
Feb 15, 2024 5:25 PM
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Warm weather, cautious consumer spending lead to 68% drop in Canadian Tire profit
TORONTO — Canadian Tire Corp. Ltd. saw its profit drop about 68 per cent in the key holiday shopping quarter as a tougher economic environment and an unseasonably warm winter put a damper on consumer spending.
Feb 15, 2024 5:07 PM
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Cenovus reports second-highest quarterly production ever, driven by oilsands
CALGARY — Cenovus Energy Inc. is the latest Canadian oilsands company to report surging production levels just in time for the anticipated startup of the Trans Mountain pipeline expansion.
Feb 15, 2024 5:05 PM
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Newfoundland and Labrador says Vrbo apologized for ad featuring beloved folk song
ST. JOHN'S, N.L. — The Newfoundland and Labrador government says vacation rental company Vrbo has apologized for an advertisement that prompted a call from the premier for it to be pulled.
Feb 15, 2024 5:03 PM
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Markets continue recovery from mid-week selloff as S&P 500 notches new all-time high
TORONTO — Canada's main stock index gained 1.6 per cent on Thursday, led by strong gains in the energy sector, while U.S. markets also rose, with the S&P 500 notching a new all-time high. The S&P/TSX composite index closed up 333.
Feb 15, 2024 5:02 PM
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Dax Dasilva returns to Lightspeed as interim CEO, JP Chauvet steps down
Lightspeed Commerce Inc. founder Dax Dasilva is back at the helm of the company he started and he has a mission: profitability and boosting the stock price. "When I took the company public in 2019, our revenue was US$77.
Feb 15, 2024 5:02 PM
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