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 another 300 open as part of a plan to restructure under U.S. bankruptcy protection, people familiar with the matter said Friday. The plans, which remained in flux on Friday afternoon, would leave the fate of […]

Canadian pot industry workers will be able to enter U.S. for pleasure travel

U.S. Customs and Border Protection says Canadian citizens working in the cannabis industry should be able to enter the U.S. for reasons unrelated to the marijuana industry. The agency updated its website Tuesday, providing a measure of clarity after a vague statement last month left the industry and investors facing uncertainty about travel of any […]

Canada returning to NAFTA talks earlier than expected

NAFTA talks are resuming at the decision-maker level sooner than expected, with Canada’s foreign affairs minister set to return to Washington on Tuesday. A spokesperson for Chrystia Freeland’s office said the minister will be in D.C. for meetings tomorrow before travelling to Saskatoon for the Liberal caucus retreat. She also may return to Washington for more meetings […]

Toyota recalls 1 million hybrid models over wiring issue, 7,200 in Canada

Toyota Motor Corp said on Wednesday it planned to recall around 1.03 million vehicles, including its gasoline-hybrid Prius model, in Japan, North America, Europe and other regions due to an issue with the engine wire harness which can pose a fire risk. Following a domestic recall announcement by Japan’s transport ministry, Toyota said that in […]

Aimia settles class-action lawsuit over expiring Aeroplan points

Aimia says it has signed a deal to settle a class-action case related to changes to its Aeroplan mileage expiry and accumulation rules. Under the proposed terms of the agreement, Aimia will deposit a set amount of Aeroplan Miles into the accounts of eligible members. The suit was filed after the loyalty rewards program announced […]

Vice Media signs long-term content deal with Bell

Bell Media has signed a new long-term agreement that will see it become the exclusive Canadian broadcaster for new programming from Vice Media network Viceland. Financial terms of the deal were not immediately available. The companies say the shows will debut on multiple Bell Media platforms, including CraveTV, in the fall. They say new Vice […]

China to impose additional tariffs on $16B worth of U.S. goods

China is imposing additional tariffs of 25 per cent on $16 billion US worth of U.S. imports from fuel and steel products to autos and medical equipment, the Chinese commerce ministry said, as the world’s largest economies escalated their trade dispute. The tariffs will be activated on Aug. 23, the ministry said, the same day […]

Stocks in U.S. lift on strong earnings as trade fight caps gains

Stock markets lifted on Monday after strong corporate earnings helped Wall Street close higher, but a tariff dispute between the United States and China limited gains in equities while boosting the dollar and helping keep Treasury yields lower. Sterling dropped to an 11-month low after the British trade minister warned that the nation was headed […]

Fed keeps key rate unchanged while signalling future hikes

The Federal Reserve on Wednesday left its benchmark interest rate unchanged while signalling further gradual rate hikes in the months ahead as long as the U.S. economy stays healthy. The Fed’s widely expected decision left the central bank’s key short-term rate at 1.75 per cent to 2 per cent— the level hit in June when […]