Skip to content

National Business

Auto industry leaders emphasize urgency of Canadian EV response as U.S. cash flows

Auto industry leaders emphasize urgency of Canadian EV response as U.S. cash flows

TORONTO — Urgency was the key word at an electric vehicle conference Wednesday as manufacturers emphasized the need for more coordination and government support in order to take advantage of the tectonic shift underfoot in the automotive industry.
Read more >
Grammy-winning Canadian songwriter Tobias Jesso Jr. sells song catalogue to Hipgnosis

Grammy-winning Canadian songwriter Tobias Jesso Jr. sells song catalogue to Hipgnosis

TORONTO — Hot off winning two Grammys on Sunday, Canadian singer-songwriter Tobias Jesso Jr. has sold the rights for part of his song catalogue to a prominent music investment company.
Read more >
Tim Hortons master franchisee in China enters deal to develop Popeyes in China

Tim Hortons master franchisee in China enters deal to develop Popeyes in China

TORONTO — The parent company of the master franchisee of Tim Hortons coffee shops in China says it has signed a deal for the exclusive development of Popeyes in mainland China and Macau. TH International Ltd.
Read more >
Brookfield Asset Management fourth-quarter profit down from year ago

Brookfield Asset Management fourth-quarter profit down from year ago

TORONTO — Brookfield Asset Management Ltd. says its share of the latest quarterly profit of the asset management business it owns with Brookfield Corp. amounted to US$19 million.
Read more >
Auto prices to ease but affordability still a challenge with no quick fix: experts

Auto prices to ease but affordability still a challenge with no quick fix: experts

TORONTO — Automakers have made high-profile price cuts for some of the most well-known electric cars this year, but experts say the overall sticker shock of buying vehicles will prove harder to remove.
Read more >
Brookfield Reinsurance to buy Argo for US$1.1 billion in cash

Brookfield Reinsurance to buy Argo for US$1.1 billion in cash

TORONTO — Brookfield Reinsurance has signed a deal to buy Argo Group International Holdings for US$1.1 billion in cash. Argo is a U.S. focused underwriter of specialty insurance products.
Read more >
UK watchdog says Microsoft's Activision deal hurts gamers

UK watchdog says Microsoft's Activision deal hurts gamers

LONDON (AP) — Microsoft’s stalled $68.7 billion deal to buy video game company Activision Blizzard has hit a fresh hurdle in the United Kingdom, where the antitrust watchdog said Wednesday that it will stifle competition and hurt gamers.
Read more >
TMX Group proposes to split shares on a five-for-one basis

TMX Group proposes to split shares on a five-for-one basis

TORONTO — TMX Group Ltd. is proposing to split its shares on a five-for-one basis. The operator of the Toronto Stock Exchange says it believes the split may encourage greater liquidity for its shares. Shares in the company closed at $133.
Read more >
Héroux-Devtek reports Q3 profit down from year ago, sales higher

Héroux-Devtek reports Q3 profit down from year ago, sales higher

MONTREAL — Héroux-Devtek Inc. reported a profit of $1.8 million in its latest quarter, down from $6.5 million a year earlier as its sales climbed higher.
Read more >
West Fraser Timber Co. to temporarily curtail operations at Quesnel, B.C., mill

West Fraser Timber Co. to temporarily curtail operations at Quesnel, B.C., mill

VANCOUVER — West Fraser Timber Co. says it's curtailing operations at Cariboo Pulp & Paper in Quesnel, B.C., beginning in mid-April for one month and then for another month in the third quarter.
Read more >