General Electric to spin off health-care unit, divest Baker Hughes stake

General Electric Co. said on Tuesday it will spin off its health-care business and divest its stake in oil-services firm Baker Hughes, effectively breaking up the 126-year-old conglomerate which was once the most valuable U.S. corporation and a global symbol of American business power. The slimmed-down company will focus on jet engines, power plants and […]

Trump revs up Harley-Davidson fight into second day

U.S. President Donald Trump has denied that his trade policy is responsible for Harley-Davidson’s decision to shift some motorcycle production overseas. The company says it’s doing so because of tariffs it faces in a trade dispute between the U.S. and the European Union. But Trump says that’s just an excuse. Early this year Harley-Davidson said they […]

BlackBerry shares slip on lower enterprise revenue

BlackBerry Ltd. shares sank almost 10 per cent to their lowest levels in weeks on Friday, despite beating analysts’ estimates and reporting a solid start to its 2019 financial year. The company’s stock was trading at $14.05, down $1.56, or 9.99 per cent, in late morning trading on the Toronto Stock Exchange. The shares haven’t […]

South Korea suspends wheat and flour sales from Canada over GMO plants found in Alberta

South Korea has joined Japan in suspending trade in Canadian wheat following the discovery of a small number of genetically modified plants in southern Alberta. It’s standard protocol in both countries to temporarily close markets in such cases, Global Affairs spokesman Jesse Wilson said Monday. “The Government of Canada is working with foreign trading partners […]

Economy unexpectedly lost 7,500 jobs in May as unemployment rate held at 5.8%

The Canadian employment picture was weaker than expected in May, as the country unexpectedly lost about 7,500 jobs, according to figures released Friday by Statistics Canada. The average expectation of 14 forecasts was for the country to add just over 22,000 jobs last month, Bloomberg news said. Despite the small drop in the number of people working, the […]