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National Business
National Business
CRTC decision on wholesale internet rates expected Thursday
The head of Canada's largest telecommunications company said Wednesday that he's hopeful that a revised CRTC decision on wholesale internet rates this week will be more favourable to network owners.
May 26, 2021 3:50 PM
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Nova Scotia companies chosen to help build Canada's first commercial spaceport
HALIFAX — The Nova Scotia company planning to build Canada's first commercial spaceport announced on Wednesday some of the firms it has chosen to design and construct its proposed launch pad.
May 26, 2021 3:48 PM
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Amazon to buy MGM, studio behind James Bond and 'Shark Tank'
NEW YORK (AP) — Online shopping giant Amazon is buying MGM, the movie and TV studio behind James Bond, “Legally Blonde" and “Shark Tank," with the hopes of filling its video streaming service with more stuff to watch. Amazon is paying $8.
May 26, 2021 2:06 PM
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8 dead in shooting at railyard serving Silicon Valley
SAN JOSE, Calif. (AP) — An assailant opened fire Wednesday at a California railyard serving Silicon Valley, killing eight people. The suspect was also dead, authorities said.
May 26, 2021 2:01 PM
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Siemens Mobility beefs up Canadian transit capabilities with purchase of RailTerm
Siemens Mobility is beefing up its domestic capabilities to better compete for the many mass transit projects that Canadian governments are planning to fund over the next decade.
May 26, 2021 12:06 PM
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New stress test may moderate housing, push buyers to seek more affordable homes: BMO
TORONTO — BMO Financial Group says recent changes to mortgage stress test rules and the cooling of prices and sales in some regions may moderate the country's housing market.
May 26, 2021 10:58 AM
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3 arrested in Italy funicular crash; clamp deactivated brake
ROME (AP) — Police arrested three people Wednesday in the cable car disaster that killed 14 people in northern Italy, saying workers placed a clamp on the emergency brake to deactivate it as a patchwork repair - one that prevented the brake from enga
May 26, 2021 10:26 AM
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Court orders Royal Dutch Shell to cut carbon emissions
THE HAGUE, Netherlands (AP) — A Dutch court has ordered Royal Dutch Shell to cut its carbon emissions by net 45% by 2030 compared to 2019 levels in a landmark case brought by climate activist groups.
May 26, 2021 9:55 AM
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Statistics Canada report says pandemic job losses hit women harder than men
OTTAWA — A new report by Statistics Canada says job losses due to the COVID-19 pandemic have been consistently more severe for women than for men. The report says that from March 2020 to February 2021, women accounted for 53.
May 26, 2021 9:45 AM
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Transat AT CEO Jean-Marc Eustache to retire, Annick Guerard named next CEO
MONTREAL — Jean-Marc Eustache is retiring as chair and chief executive of Transat AT Inc., the travel company which he helped start and build. Transat says Eustache was one of the principal architects in the founding of Transat in 1987.
May 26, 2021 8:10 AM
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