National Business

NEW YORK — Amid social, political and environmental tumult around the world, the Pantone Color Institute on Thursday plucked fresh and zesty “greenery” as the colour of the year for 2017. The vibrant green with yellow undertones is an answer, of sorts, to bruising 2016, signalling a yearning to rejuvenate, […]

The Associated Press Iraq’s prime minister says his country will agree to cut its own oil production as part of a plan by OPEC to push crude prices higher. Prime Minister Haider al-Abadi told The Associated Press that current prices are not sustainable for oil-producing countries. Al-Abadi’s comments could be […]

By Linda Nguyen The Canadian Press TORONTO — An emergency fund is meant to be there in times of need, but a new survey suggests nearly half of Canadian homeowners would be ill prepared for a personal financial dilemma such as job loss. The poll released today by Manulife Bank […]

By Matthew Daly And Julie Pace The Associated Press WASHINGTON — President-elect Donald Trump is considering an oil billionaire and a North Dakota lawmaker for top posts as he moves to roll back President Barack Obama’s environmental and energy policies and allow unfettered production of oil, coal and natural gas. […]

By Dan Healing The Canadian Press It’s last call for retirees at Labatt Breweries of Canada. For decades, they’ve been offered a weekly case of beer for free, but that comes to an end as of Jan. 1, 2019. Labatt spokesman Charlie Angelakos said Monday the brewer is ending the […]

By Maria Danilova The Associated Press WASHINGTON — The chief of the International Monetary Fund on Monday called on governments and businesses to do more to promote the same economic opportunities for men and women and to fight discrimination that interferes with those goals. Speaking at a conference in Washington, […]

By Aleksandra Sagan The Canadian Press TORONTO — Weeks before TV streaming service Shomi is set to shut down, BCE Inc. said Thursday its CraveTV streaming service recently hit one million subscribers. The Montreal-based company said it reached the milestone by the end of September, nearly two years after it […]

The Canadian Press EXETER, N.H. — A pair of big Canadian investors are proposing to buy Performance Sports Group Ltd. (TSX:PSG), the maker of Bauer hockey skates and other sports equipment, for US$575 million through a court-supervised restructuring. The sale process will be overseen by a bankruptcy court in Delaware […]

The Canadian Press TORONTO — Norbord Inc. (TSX:OSB) and Louisiana-Pacific Corp. have agreed to exchange ownership of two wood panel mills in Quebec. Financial terms weren’t disclosed. Louisiana-Pacific’s mill in Chambord, Que., is bigger than Norbord’s oriented strand board mill in Val-d’Ore, Que., but both have been idled for a […]

By Youkyung Lee The Associated Press SEOUL, Korea, Republic Of — Samsung Electronics said Friday that discontinuing the Galaxy Note 7 smartphone, which is prone to overheat and catch fire, will cost it about $3 billion in the current and coming quarters, raising total costs from the recalls to at […]

By Rod McGuirk THE ASSOCIATED PRESS CANBERRA, Australia — Ford Motor Co. ended 91 years of car manufacturing in Australia on Friday, with the remaining two Australian car makers due to close their doors next year. Ford Australia said it built the world’s last six-cylinder, rear-wheel drive Falcon XR6 at […]