National Business

STOCKHOLM (AP) – This year’s Nobel Prize in literature has been awarded to French author Annie Ernaux. Ernaux, 82, was cited for “the courage and clinical acuity with which she uncovers the roots, estrangements and collective restraints of personal memory,” the Nobel committee said. Mats Malm, permanent secretary of the […]

OTTAWA – A new report from Canadians for Tax Fairness says top companies paid $30 billion less in taxes last year than would be expected under existing corporate tax rates. The report analyzed the financial statements of 123 Canadian corporations worth at least $2 billion and found the effective or […]

Announcements from two of Canada’s largest low-cost carriers propose expansion in the budget leisure market.   Flair Airlines chief executive officer Stephen Jones announced a deepening of focus to current routes with daily frequency increases to locations including Calgary, Toronto, Montreal and Vancouver. The Edmonton-based airline said it plans to […]

WestJet is making a substantial addition to its fleet with the purchase of 42 aircraft as the airline plans to expand its low-cost offerings, with plans to add routes to sun destinations from cities across Canada. The Calgary-based airline announced the agreement with Boeing for the purchase of the 737-10 […]

Prime Video is pulling a new documentary out of its tickle trunk. The Amazon-owned streaming service says production begins this fall on the feature-length look at the legacy of Canadian children’s entertainer Ernie Coombs, better known as Mr. Dressup. The as-yet-untitled project will trace the origins of “Mr. Dressup,” which […]

TORONTO – Canada’s main stock index was down more than 200 points in late-morning trading in a broad-based decline, while U.S. stock markets also fell. The S&P/TSX composite index was down 271.77 points at 18,377.15. In New York, the Dow Jones industrial average was down 484.95 points at 29,198.79. The […]

Soon enough, a bedside Amazon device might know whether you’re sleeping — or not. The e-commerce and tech giant said Wednesday it will start selling a device later this year that can track sleeping patterns without a wristband. The device, called Halo Rise, will use no-contact sensors and artificial intelligence […]

The U.S. Federal Reserve has been the most aggressive in using interest rate hikes to cool inflation that is battering both households and businesses this year. This week, central banks from Asia to England followed suit to varying degrees and using different economic tools to tame rising prices that are […]

CHURDAN, Iowa (AP) – In the 1970s when George Naylor said he wanted to grow organic crops, the idea didn’t go over well. Back then organic crops were an oddity, destined for health food stores or maybe a few farmers markets. “I told my dad I wanted to be an […]

CALGARY – De Havilland Aircraft of Canada Ltd. announced plans Wednesday to build a new aircraft manufacturing plant east of Calgary that could eventually employ up to 1,500 people. The company said the facility, dubbed De Havilland Field, is to be located in Wheatland County between the communities of Chestermere […]

Public-sector workers’ constitutional bargaining rights are not infringed by Ontario’s wage-cap law, the province told court Monday. Groups representing hundreds of thousands of public sector employees are challenging the constitutionality of Bill 124, a law passed in 2019 that limits wage increases at one per cent per year for Ontario […]

More than 90% of small-business owners are worried about experiencing an economic recession over the next 12 months, according to a June 2022 Goldman Sachs survey. Because lenders tend to tighten their lending standards during recessions, small-business owners may be looking for ways to secure funds before access to credit […]