Skip to content

National Business

Line 5 shutdown 'draconian,' both sides must consider 'imperfect' alternatives: judge

Line 5 shutdown 'draconian,' both sides must consider 'imperfect' alternatives: judge

WASHINGTON — A Wisconsin judge ordered a Canadian energy giant and a U.S. Indigenous band to water down their wine Monday and come together to avert the "draconian" shutdown of the cross-border Line 5 pipeline.
CN names Edmond Harris new executive vice-president and chief operating officer

CN names Edmond Harris new executive vice-president and chief operating officer

MONTREAL — Canadian National Railway Co. says Edmond Harris will be its new executive vice-president and chief operating officer. The Montreal-based rail company says Harris will succeed Rob Reilly effective immediately.
TD-Canada Post lending program paused after suspicious activity detected

TD-Canada Post lending program paused after suspicious activity detected

TORONTO — TD Bank Group says it paused the MyMoney lending program it recently launched with Canada Post after it detected suspicious activity on its system.
Most actively traded companies on the Toronto Stock Exchange

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (20,220.49, down 163.28): Suncor Energy Inc. (TSX:SU). Energy. Down $1.18, or 2.49 per cent, to $46.20 on 34.9 million shares.
Arbitrator will referee Dr. J's suit against brand developer

Arbitrator will referee Dr. J's suit against brand developer

DOVER, Del. (AP) — A Delaware judge on Monday halted a lawsuit filed by basketball legend Julius Erving against a brand-development and marketing company, ruling that the dispute must go to arbitration.
Government can't solve housing issues alone, private sector must be involved: CMHC

Government can't solve housing issues alone, private sector must be involved: CMHC

OTTAWA — A new report by Canada Mortgage and Housing Corp. says government alone can't solve the country's housing affordability challenges.
S&P/TSX composite down on oil pessimism, U.S. markets fall further

S&P/TSX composite down on oil pessimism, U.S. markets fall further

TORONTO — Canada's main stock index was down by more than 150 points or 0.8 per cent Monday, weighed down by losses in energy, financials, utilities and metals, while U.S. indexes tumbled by more than 1.5 per cent.
US stock indexes fall as lockdown protests spread in China

US stock indexes fall as lockdown protests spread in China

NEW YORK — A broad slide on Wall Street left stocks lower Monday as global financial markets reacted to protests in China calling for President Xi Jinping to step down amid growing anger over severe COVID-19 restrictions. The S&P 500 fell 1.
Freedom Mobile under Videotron would be effective competitor, tribunal hears

Freedom Mobile under Videotron would be effective competitor, tribunal hears

OTTAWA — A wireless communications specialist says Freedom Mobile under Videotron Ltd. would be a strong competitor in the telecom market as the hearing on Rogers Communications Inc.'s $26-billion proposed takeover of Shaw Communications Inc.
CannTrust execs linked to unlicensed growing caused 'incredible' damage, court hears

CannTrust execs linked to unlicensed growing caused 'incredible' damage, court hears

TORONTO — A lawyer representing Ontario's securities regulator says three former executives whose cannabis company was caught growing pot in unlicensed rooms were in positions to disclose the improper growing but didn't.