MONTREAL—Sun Media is ending a battle in Quebec with media rival Transcontinental by agreeing to sell its 74 publications and related websites for $75 million as it continues to adjust to a loss of advertising revenue caused by the digital revolution.
OTTAWA—Premier Kathleen Wynne emerged from a meeting with Stephen Harper satisfied that she has the prime minister’s ear on a massive mineral development in Northern Ontario.
“I’m more optimistic than I was before I went in to the meeting that we’ll be able to work together,” Wynne told The Canadian Press in a brief interview late yesterday.
MONTREAL—Sun Media Corp. is cutting another 200 jobs across the company, of which about a quarter will come from its editorial operations outside Quebec.
The company said it regrets the cuts it says are necessary to ensure its sustainability in the face of the unprecedented changes in the print media industry.
DEARBORN, Mich. — America’s first pony car — the Ford Mustang — is celebrating its 50th birthday with a swoon-worthy new design and plans to go global.
WASHINGTON — Creative industries led by Hollywood account for about $504 billion, or at least 3.2 per cent of U.S. goods and services, the government said in its first official measure of how the arts and culture affect the economy.
OTTAWA — Canada’s chief actuary says the Canada Pension Plan is sustainable over the long term.
The report from the chief actuary comes as Finance Minister Jim Flaherty and his provincial counterparts prepare to meet in Ottawa with expansion of the CPP as a key topic under discussion.
OTTAWA — Ottawa is moving ahead with new regulations on so-called prepaid credit cards, but not in time for the holiday shopping season.
A source says the federal government will bring in an array of regulations governing prepaid cards, including an end to expiry dates and a prohibition on charging maintenance fees for the first year.
PITTSBURGH—The price of lords-a-leaping and ladies dancing has spiked this holiday season, but other items mentioned in the carol “The Twelve Days of Christmas” still cost the same as they did last year.
NEW YORK — Federal authorities on Monday were beginning an exhaustive investigation into what caused a New York City commuter train rounding a riverside curve to derail, killing four people and injuring more than 60 others. Officials warned the 26,000 weekday riders on the affected line of the nation’s second-biggest commuter railroad to brace for crowded trains during the morning commute.
NEW YORK — Amazon.com says it’s considering using drone aircraft for deliveries.
The online retailer says it’s working on its Prime Air project in its research and development labs. It says the idea is that the delivery system would be able to get purchases to customers in less than 30 minutes through the use of the unmanned aircraft.