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National Business
National Business
Kansas City Southern to scrap CP deal after revised US$33.6-billion offer from CN
Kansas City Southern Inc. says it is terminating its merger agreement with CP Rail after determining that rival Canadian National Railway's revised US$33.6-billion offer was superior.
May 13, 2021 7:53 PM
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Power Corp. Q1 profit nearly triples to $556 million on lift from insurance business
MONTREAL — Power Corp. says its first-quarter profit nearly tripled from the prior year as it realized big gains from its life insurance business.
May 13, 2021 6:42 PM
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Aurora Cannabis reports $164.7 million loss in Q3, launches cost efficiencies plan
Aurora Cannabis Inc. is on the hunt for savings again after reporting a $164.7-million net loss in its latest quarter.
May 13, 2021 6:27 PM
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Most actively traded companies on the Toronto Stock Exchange
TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (19,135.81, up 28.04 points.) Enbridge Inc. (TSX:ENB). Energy. Down $1.60, or 3.31 per cent, to $46.70 on 20.5 million shares.
May 13, 2021 6:03 PM
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ESPN, MLB agree to 7-year rights extension through 2028
ESPN could be rewarded with additional playoff games under its new deal with Major League Baseball. Walt Disney Company and MLB announced a seven-year extension of their rights agreement Thursday.
May 13, 2021 5:06 PM
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North American stock markets rebound from three-day losses; loonie falls
TORONTO — North American stock markets rebounded from a three-day slide in a relief rally after an erratic start to the week on mounting concerns about inflation.
May 13, 2021 5:03 PM
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Demand for bikes and barbecues ratchets up Canadian Tire's profit and sales
TORONTO — Spring's early arrival sent demand for everything from patio furniture and inflatable pools to barbecues and bikes soaring at Canadian Tire Corp. Ltd., which reported higher-than-expected sales growth in its first quarter.
May 13, 2021 4:50 PM
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Leon's Furniture reports Q1 profit up from year ago, CEO to retire July 1
TORONTO — Leon's Furniture Ltd. reported a first-quarter profit of $40.9 million, up from a profit of $13.7 million a year ago, as its revenue climbed higher.
May 13, 2021 3:12 PM
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Bank of Canada to see if QE program has helped, hurt economic inequalities
OTTAWA — The Bank of Canada's unprecedented actions in response to the pandemic have helped hard-hit workers, but governor Tiff Macklem said Thursday that the measures may have increased economic inequality at the same time.
May 13, 2021 3:07 PM
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Quebecor reports Q1 profit down, telecommunications helps lift revenue higher
MONTREAL — Quebecor Inc. reported its first-quarter profit fell compared with a year ago as its revenue climbed higher, helped by gains in its telecommunications business and recent acquisitions.
May 13, 2021 2:37 PM
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