SNC-Lavalin cutting 4,000 jobs, downgrades earnings forecast
SNC-Lavalin Group Inc., Canada’s largest engineering and construction company, has announced it will be cutting 4,000 jobs as part of its restructuring plan to...
Honda unveils C$857m plant investment in Ontario, backed with local support
Honda Canada Inc. says it is investing C$857 million (US$752 million) in its Ontario production operations. Japan’s second largest automotive company said the province...
Alberta economic growth above national average, real GDP up 3.8 percent
Alberta has achieved impressive economic growth. The province’s real domestic product growth was ahead of the national average in 2013. This is the fourth consecutive...
Tougher tailings plans for Canadian miners, minister in Alaska to regain BC confidence
The collapse of Imperial Metals’ Mount Polley tailings dam has prompted the Mining Association of Canada to begin an examination on what changes should...
Whole Foods profit rises, share value increases by 8.1 percent
US retailer Whole Foods has posted higher than expected quarterly profit and upgraded its forecast for next year. The company has managed to gain...
Property prices surge in Toronto and Vancouver, home sales up too
Toronto and Vancouver experienced a surge in property prices last month. Toronto homes are now selling for an average of $587,505, 8.9 percent higher...
Petronas LNG project opposed by four BC First Nations, citing risks to their salmon...
The proposed $11 billion Petronas LNG project on Lelu Island (south of Prince Rupert) is being opposed by four British Columbia First Nations.
The First...
Enbridge reports better than expected Q3 profit, up 24% to C$345 million
Canada’s largest pipeline company, Enbridge Inc., posted better than expected third quarter profit on Wednesday. The company’s adjusted profit increased by 24 percent to...
TSX surges as Canadian energy shares shoot up
Canadian energy stocks surged on Wednesday which helped offset the selloff in gold-mining shares (affected by the falling bullion price). The The Toronto Stock...
Torstar earnings jump boosted by Harlequin sale
Toronto-based media company Torstar Corp. posted significantly higher third quarter earnings, which were boosted by the sale of romance and women's fiction publisher Harlequin...