Recent Business Headlines

1 to 11 of 173

at 21:59 on July 27, 2016, EDT.

Wildfire hands Suncor a $735-million loss, cuts Q2 oilsands production in half

CALGARY — Fierce wildfires that swept through northern Alberta's oilsands region in May have delivered a $735-million net loss for Suncor Energy.

→ READ FULL ARTICLE

at 19:20 on July 27, 2016, EDT.

Homebuilders, real estate board says new B.C. property tax hurts province

VICTORIA — British Columbia's plans to dampen the influence of foreign investment in Metro Vancouver's scorching housing market with a new tax on foreign buyers is causing widespread panic and confusion, say industry insiders.

→ READ FULL ARTICLE

at 17:21 on July 27, 2016, EDT.

North American stock markets barely moved as U.S. Fed holds rate steady

TORONTO — Signs that there's still a chance the U.S. Federal Reserve may raise interest rates by the end of the year weren't enough to give North American stock markets any direction Wednesday.

→ READ FULL ARTICLE

at 16:53 on July 27, 2016, EDT.

Most actively-traded companies on the TSX

Some of the most active companies traded Wednesday on the Toronto Stock Exchange:

→ READ FULL ARTICLE

at 16:12 on July 27, 2016, EDT.

Fed's more upbeat tone suggests rate hike as early as Sept.

WASHINGTON — The Federal Reserve said Wednesday that near-term risks to the U.S. economy have diminished, reviving the prospect that it will resume raising interest rates as soon as September.

→ READ FULL ARTICLE

at 16:00 on July 27, 2016, EDT.

Feds to complete purchase of Maine blueberries

PORTLAND, Maine — In the face of industry pressure, the federal government is spending up to $4.4 million to complete a plan to help Maine's blueberry industry by buying surplus crop.

→ READ FULL ARTICLE

at 15:11 on July 27, 2016, EDT.

Comey: Conversations about encryption issue still needed

NEW YORK — FBI Director James Comey said government and the tech industry need to sort out their differences over encryption before "something terrible happens" that would make productive conversations impossible.

→ READ FULL ARTICLE

at 14:40 on July 27, 2016, EDT.

Loblaw gears up for grocery price war in a low-inflation environment

The head of Canada's largest grocer says it's prepared to duke it out in a price war with its rivals in order to stay competitive in a low-inflation environment.

→ READ FULL ARTICLE

at 11:42 on July 27, 2016, EDT.

Gildan Activewear adds Peds Legwear to its stock of stockings for US$55 million

MONTREAL — Gildan Activewear Inc. says it will pay US$55 million cash to buy Peds Legwear Inc., a private Canadian company with a North Carolina manufacturing and distribution centre that opened last year.

→ READ FULL ARTICLE

at 10:47 on July 27, 2016, EDT.

Orders for durable goods plunged in June

WASHINGTON — Orders to U.S. factories for long-lasting manufactured goods fell in June by the largest amount in nearly two years, reflecting a big decline in the volatile category of commercial aircraft and broad weakness across a number of other areas. The key category that tracks business investment eked out a small gain.

→ READ FULL ARTICLE

at 09:09 on July 27, 2016, EDT.

No breaks from B.C.'s new tax for foreign property buyers with deals: minister

VICTORIA — There will be no reprieve from a new tax on foreign buyers who have signed contracts to purchase homes in Metro Vancouver, where they snapped up almost 10 per cent of recent property sales, B.C. Finance Minister Mike de Jong says.

→ READ FULL ARTICLE

Content Provided By Canadian Press.