Skip to content

National Business

Calgary home sales drop in May amid ongoing economic uncertainty: CREB

Calgary home sales drop in May amid ongoing economic uncertainty: CREB

CALGARY — The Calgary Real Estate Board says home sales in the city dropped 17 per cent in May compared with last year as economic uncertainty continues to weigh on the housing market, while new listings and inventory were up.
Shopify wins court battle against Canada Revenue Agency in merchant-data case

Shopify wins court battle against Canada Revenue Agency in merchant-data case

Shopify Inc. has come out on top of a battle with the Canada Revenue Agency.
Cenovus the latest oil company to shut production in Alberta due to wildfires

Cenovus the latest oil company to shut production in Alberta due to wildfires

CALGARY — Some oilsands producers are removing workers and shutting production from their sites as wildfires rage in northeastern Alberta. Cenovus Energy Inc.
Ontario inks trade deals with Saskatchewan and Alberta ahead of meeting with Carney

Ontario inks trade deals with Saskatchewan and Alberta ahead of meeting with Carney

SASKATOON — Alberta and Saskatchewan signed agreements with Ontario on Sunday to remove trade barriers ahead of a meeting with Prime Minister Mark Carney to hash out a plan they hope will supercharge the economy.
Teck shuts mill at Carmen de Andacollo operations in Chile for unplanned maintenance

Teck shuts mill at Carmen de Andacollo operations in Chile for unplanned maintenance

VANCOUVER — Teck Resources Ltd. says a mechanical issue has forced it to shut down the SAG mill at its Carmen de Andacollo operations in Chile for maintenance. The company estimates production will be interrupted for about one month for repairs.
Supreme Court won't hear challenge to Maryland assault weapons ban

Supreme Court won't hear challenge to Maryland assault weapons ban

WASHINGTON (AP) — A split Supreme Court declined on Monday to hear a challenge to a state ban on assault weapons, semiautomatic rifles that are popular among gun owners and that have also been used in multiple mass shootings.
CAE names Northrop Grumman executive Matthew Bromberg as new CEO

CAE names Northrop Grumman executive Matthew Bromberg as new CEO

MONTREAL — Flight simulator company CAE Inc. has named Matthew Bromberg as its new president and chief executive. Bromberg, who will join the company on June 16 and take over the top job on Aug. 13, has headed global operations for U.S.
'Mission impossible': Why the Bank of Canada faces 'risky' June rate decision

'Mission impossible': Why the Bank of Canada faces 'risky' June rate decision

OTTAWA — Few would confuse Hollywood action star Tom Cruise with Bank of Canada governor Tiff Macklem.
Carney discusses "partnerships" with oil and gas executives in Calgary

Carney discusses "partnerships" with oil and gas executives in Calgary

CALGARY — Prime Minister Mark Carney sat down with oil and gas executives in Calgary Sunday to discuss partnerships and to get their input for his plans to make Canada an energy superpower.
Canada Post rejects union's request for binding arbitration to end labour dispute

Canada Post rejects union's request for binding arbitration to end labour dispute

Canada Post has rejected a request from the union representing about 55,000 of its workers to send their ongoing labour dispute to binding arbitration.