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Postmedia revenue down more than 25% amid COVID-19 advertising pullback

Postmedia revenue down more than 25% amid COVID-19 advertising pullback

The owner of Canada's largest newspaper chain saw its most recent quarterly revenue slashed by a quarter as advertising revenue decline accelerated amid the COVID-19 pandemic, but said it would stop a pay reduction program one month early thanks to g

Cyprus to get 1st natural gas import terminal in 2 years

NICOSIA, Cyprus — Cyprus said it plans to transition to cleaner and cheaper natural gas for energy generation in two years as work officially began Thursday to build the east Mediterranean island nation’s first gas import terminal.
Torstar confirms it has received second offer for the newspaper chain

Torstar confirms it has received second offer for the newspaper chain

TORONTO — The owner of the Toronto Star says it has received a potentially superior second purchase offer from a private investor group. In response to a request from the Investment Industry Regulatory Organization of Canada, Torstar Corp.
Court rejects Trump's broad claims, but records stay private

Court rejects Trump's broad claims, but records stay private

WASHINGTON — Rejecting President Donald Trump’s complaints that he's being harassed, the Supreme Court ruled Thursday in favour of a New York prosecutor’s demands for the billionaire president’s tax records.

U.S. policy triggers Harvard lawsuit, could expel thousands of Canadian students

TORONTO — Questions over whether thousands of international students could be deported from the U.S. under a new Trump administration policy are causing consternation among school officials and anxiety among Canadians studying south of the border.
Bombardier supports Alstom's sale of assets to win European approval to takeover

Bombardier supports Alstom's sale of assets to win European approval to takeover

MONTREAL — Bombardier Inc. says it supports Alstom's commitments to sell some of the Canadian transportation company's railway assets to address potential regulatory concerns with Alstom SA's US$8.2-billion acquisition of Bombardier Transportation.
Young, BIPOC Canadians face biggest financial setbacks from COVID-19

Young, BIPOC Canadians face biggest financial setbacks from COVID-19

TORONTO — A new poll shows young Canadians and those who are Black, Indigenous or people of colour face the hardest hit to their finances from COVID-19.
CMHC reports annual pace of housing starts in Canada increased in June

CMHC reports annual pace of housing starts in Canada increased in June

Canadian builders started construction on more new condos, apartments and other multi-family homes in June compared to May, despite a slowing pace of building for detached homes in cities. Canada Mortgage and Housing Corp.
Financial check ups more important than ever during turbulent times like these

Financial check ups more important than ever during turbulent times like these

OTTAWA — As governments roll out plans to reopen the economy in the wake of the COVID-19 pandemic, experts say individual Canadians need to update their own financial plan to move forward too.
Milan turns to Jay-Z's Roc Nation, Liverpool to revive glory

Milan turns to Jay-Z's Roc Nation, Liverpool to revive glory

Preparing to complete a ninth Serie A campaign without winning the Scudetto, AC Milan decided returning to the pinnacle of football required a new approach.