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National Business
Justice says IRS must give Trump tax returns to Congress
WASHINGTON (AP) — The Justice Department, in a reversal, says the Treasury Department must provide the House Ways and Means Committee former President Donald Trump’s tax returns, apparently ending a long legal showdown over the records.
Jul 30, 2021 2:03 PM
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Tim Hortons' sales climb but coffee chain faces labour pressure, higher costs
Canada's top coffee and doughnut chain posted a strong rebound in sales in its latest quarter but rising commodity prices and high demand for restaurant workers threaten to dampen growth as the economy reopens from COVID-19 lockdowns.
Jul 30, 2021 1:19 PM
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CP urges Kansas City Southern shareholders to oppose CN takeover next month
CALGARY — Canadian Pacific Railway Ltd. is urging Kansas City Southern shareholders to vote against the proposed merger with Canadian National Railway Co. because of the regulatory uncertainty of its rival's US$33.6-billion bid.
Jul 30, 2021 1:13 PM
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'Burdensome' regulations hampering access, cost of spectrum: Telus CEO
VANCOUVER — The chief executive of Telus Corp. says the Canadian telecommunications market and the launch of 5G technology is being hampered by regulations and expensive spectrum auctions.
Jul 30, 2021 12:54 PM
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Line 3 pipeline to be in service by end of year, despite legal challenges: Enbridge
CALGARY — Enbridge Inc.'s Line 3 pipeline replacement is on track to be in service by the end of the year despite ongoing protests and recent court challenges, the Calgary-based company said Friday. The $9.
Jul 30, 2021 12:24 PM
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Ottawa to give ArcelorMittal Dofasco $400M to phase out coal-fired furnaces
HAMILTON — The federal government says it is investing $400 million in a Hamilton-based steel producer to help it adopt low-carbon technology.
Jul 30, 2021 12:18 PM
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Ship tied to Israeli billionaire attacked off Oman, 2 killed
DUBAI, United Arab Emirates (AP) — An attack on an oil tanker linked to an Israeli billionaire killed two crew members off Oman in the Arabian Sea, authorities said Friday, marking the first fatalities after years of assaults targeting shipping in th
Jul 30, 2021 11:40 AM
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US consumers boost spending 1% as inflation remains high
WASHINGTON (AP) — American consumers increased their spending by 1% in June — a dose of energy for an economy that is quickly rebounding from the pandemic recession but is facing new risks led by the delta variant of the coronavirus.
Jul 30, 2021 11:19 AM
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George Weston earns $108-million Q2 profit a year after tough pandemic quarter
TORONTO — George Weston Ltd. is reporting a profit in its latest quarter, a year after enduring its most difficult three months of the COVID-19 pandemic.
Jul 30, 2021 10:00 AM
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European economy grows 2%, ending double-dip recession
FRANKFURT, Germany (AP) — Europe emerged from a double-dip recession in the second quarter with stronger-than-expected growth of 2.
Jul 30, 2021 9:05 AM
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