Sears aims to close up to 150 U.S. stores under bankruptcy protection, sources say

Sears Holdings Corp is planning to close up to 150 of its department and discount stores and keep at least…

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Estée Lauder seeks to kick Deciem founder out of cosmetics company

Lawyers for Estée Lauder were in a Toronto court today trying to kick out the founder of a small Canadian…

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Shopify ‘confident’ on pot e-commerce because ‘cannabis isn’t Kylie Cosmetics’

Shopify Inc.’s vice president is “very confident” that the first day of recreational pot sales in Canada will be smooth…

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Crude-by-rail sees massive increase since Trans Mountain was pitched in 2012

With many new pipeline projects stalled and existing ones running at capacity, oilpatch producers are turning increasingly to rail to transport their product…

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Federal Reserve raises U.S. central bank’s rate to 2.25%

The U.S. Federal Reserve on Wednesday raised its benchmark interest rate for the third time in a year, pushing the…

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As legalization looms, Canada’s pot companies about to be tested

For years now, Canada’s cannabis companies have grown in size, soared in value and existed in a sort of ethereal…

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Scotiabank raises dividend despite lower profit

The Bank of Nova Scotia raised its dividend even as it reported its third-quarter profit slipped compared with a year…

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Fed chair Jerome Powell signals rate hikes ahead if U.S. economy stays strong

Federal Reserve Chairman Jerome Powell is signalling that he expects the Fed to continue gradually raising interest rates if the…

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Ontario asks court to toss lawsuit from Tesla over electric vehicle rebates

Ontario’s Progressive Conservative government has asked the province’s Superior Court to throw out a petition from the Canadian arm of…

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TREB loses Supreme Court bid to appeal release of real estate sold figures

The Supreme Court of Canada said Thursday morning it won’t hear an appeal from the Toronto Real Estate Board that would aim…

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