Skip to content

National Business

Chorus Aviation reports Q4 net income down 20% from year earlier, revenue also lower

Chorus Aviation reports Q4 net income down 20% from year earlier, revenue also lower

HALIFAX — Chorus Aviation Inc. reported its fourth-quarter profit fell 20 per cent compared with a year ago as its revenue also edged lower. The company says it earned net income of $36.6 million for the quarter ended Dec. 31, down from $45.
Germany's parliament votes to legalize limited marijuana possession and allow 'cannabis clubs'

Germany's parliament votes to legalize limited marijuana possession and allow 'cannabis clubs'

BERLIN (AP) — German lawmakers on Friday approved a government plan to liberalize rules on cannabis, paving the way for the country to decriminalize limited amounts of marijuana and allow members of “cannabis clubs” to buy it for recreational purpose
Lynx Air shutdown could leave travellers stranded as of Monday

Lynx Air shutdown could leave travellers stranded as of Monday

CALGARY — Come Monday, Canadian travellers booked with the ultra-low-cost airline Lynx Air will be out of luck and its employees out of work.
Stock market today: Wall Street opens higher and is on track for another winning week

Stock market today: Wall Street opens higher and is on track for another winning week

NEW YORK (AP) — Stocks are opening higher on Wall Street, keeping the market on track for its sixth winning week in the last seven. Technology stocks led the gains again, inluding another big drive upward from Nvidia.
Indigenous firms, First Nation to create investment dealer with Scotiabank

Indigenous firms, First Nation to create investment dealer with Scotiabank

TORONTO — Two Indigenous development corporations and one First Nation have partnered with Scotiabank to create a new Indigenous-owned investment dealer. Cedar Leaf Capital Inc.
TransAlta reports $84M Q4 loss compared with $163M loss a year earlier

TransAlta reports $84M Q4 loss compared with $163M loss a year earlier

CALGARY — TransAlta Corp. reported a loss attributable to common shareholders of $84 million compared with a loss of $163 million a year earlier. The power utility says the loss amounted to 27 cents per diluted share for the quarter ended Dec.
Onex reports US$373M Q4 profit, down from US$435M a year earlier

Onex reports US$373M Q4 profit, down from US$435M a year earlier

TORONTO — Onex Corp. reported a fourth-quarter profit of US$373 million, down from US$435 million a year earlier. The investment firm and asset manager, which keeps its books in U.S. dollars, says the profit amounted to US$4.
Top EU official says decisions coming next week on the release of massive funds for Poland

Top EU official says decisions coming next week on the release of massive funds for Poland

WARSAW, Poland (AP) — The head of the European Union’s powerful Commission announced on Friday in Warsaw that decisions will be taken soon to release billions of euros to Poland, funds frozen by the bloc over the previous Polish government's anti-EU
Why Canadians see the biggest grocers as the villains of food inflation

Why Canadians see the biggest grocers as the villains of food inflation

Galen Weston may not be the president of grocery giant Loblaw anymore, but you wouldn’t know that based on how often his name and face appear in connection with the company: in memes, on social media, and now emblazoned across the top of a new Reddit
Vice Media says 'several hundred' staff members will be laid off, Vice.com news site shuttered

Vice Media says 'several hundred' staff members will be laid off, Vice.com news site shuttered

NEW YORK (AP) — Vice Media plans to lay off several hundred employees and no longer publish material on its Vice.com website, the company's CEO said in a memo to staff Thursday.
push icon
Be the first to read breaking stories. Enable push notifications on your device. Disable anytime.
No thanks