U.S. faces deadline to extradite Huawei exec from Canada

U.S. authorities are facing a key deadline at the end of the month to formally request the extradition of Huawei executive Meng Wanzhou from Canada to the United States. On Friday, a spokesperson for Canada’s Justice Department said the U.S. had yet to file the required paperwork in the Meng case and stated the Americans […]

Freedom Mobile powers Shaw’s Q1 growth, cable video subscriber base declines

Shaw Communications Inc. beat analyst estimates for profit and revenue in its fall quarter, powered by its Freedom Mobile wireless business. Since acquiring Wind Mobile, Calgary-based Shaw has spent heavily to improve the capabilities of its wireless network, which operates in the more heavily populated portions of Ontario, Alberta and British Columbia. Shaw’s ability to […]

More than 150 automotive tech jobs coming to Windsor, says federal minister

More than 150 jobs in the automotive technologies sector are coming to Windsor, according to Canada’s minister of innovation, science and economic development. During a visit to APAG Elektronik in Windsor, innovation minister Navdeep Bains announced $4 million in federal funding for the company. Service Mold + Aerospace, an integrated tool-and-mold manufacturer, will also receive $1 million. Both investments […]

TSX at 2-year low, Dow loses another 500 points

New York’s Dow Jones Industrial Average fell 507 points or 2.1 per cent Monday, and the TSX was at a two-year low as investors turned cautious ahead of the U.S. Federal Reserve’s monetary policy guidance, expected on Wednesday. The Federal Reserve is expected to raise U.S. interest rates at the end of its two-day meeting on […]

GM working to retrain employees affected by Oshawa plant closure

General Motors of Canada is working with other employers to identify jobs and targeted training programs for GM employees affected by plans to close the Oshawa Assembly plant next year, the truck and auto maker said Friday. It says several employers have identified about 2,000 jobs that will become open in Durham region in 2019 […]

AltaGas shares soar after it cuts dividend, announces new round of asset sales

Shares in AltaGas Ltd. soared on Thursday morning after it announced it will slash its dividend by 56 per cent and sell its remaining majority stake in a B.C. hydroelectric power operation for $1.39 billion. On his first conference call days after officially taking over as CEO, Randy Crawford said he wants AltaGas to adopt […]

TD Bank profit rises 9% to almost $3B in fourth quarter

TD Bank Group beat expectations as it reported a fourth-quarter profit of $2.96 billion, up from $2.71 billion in the same quarter a year ago. The bank said Thursday the profit amounted to $1.58 per diluted share for the three months ended Oct. 31, up from $1.42 per diluted share a year ago. On an […]

President of Aeroplan parent company leaves after less than 3 months

Aimia Inc. has announced the departure of its president and chief strategy officer less than three months after he took the job. In late August, the Montreal-based company hired Nathaniel Felsher from Deutsche Bank in New York, where he co-headed the firm’s aviation corporate and investment banking group. “The company wishes to acknowledge Mr. Felsher’s […]

Ontario ombudsman gets more than 1,000 complaints about cannabis store

Ontario’s ombudsman says his office has received more than 1,000 complaints about the province’s online cannabis store since it launched earlier this month. Paul Dubé says he’s set up a triage team to deal specifically with the flood of concerns over the government-run Ontario Cannabis Store. He says the most common complaints have involved delayed deliveries, […]

Fragmented bus service market emerges as Greyhound exits Western Canada Oct. 31

A hodge-podge of public transportation services are already starting to fill the gap as Greyhound Canada moves steadily towards its midnight Halloween disappearance from most of Western Canada. The venerable national motor coach operator is being replaced by a mix of provincial government-subsidized services, Indigenous-owned bus lines, locally owned startups, flexible fleets of shuttle buses […]