National Business

Hourly wages needed to live in Ontario have increased amid decades-high inflation and remain well above the province’s minimum wage, according to a new report. In the report released Monday, the Ontario Living Wage Network said the living wage in Toronto is now $23.15 an hour, up almost five per […]

Ontario is projecting improving deficits over the next couple of years despite an expected economic slowdown, but opposition critics say Monday’s fall economic statement fails to “meet the moment” as it lacks new injections of health spending. The province’s fall economic outlook forecasts a deficit of $12.9 billion in this […]

A prominent natural gas industry lobby group is being investigated by Canada’s Competition Bureau for alleged greenwashing one month after health-care workers raised the alarm over one of its advertising campaigns. “This is groundbreaking,” said Dr. Melissa Lem, spokesperson for the Canadian Association of Physicians for the Environment (CAPE), the […]

Passengers are calling on airlines to do more for customers stranded due to the latest wave of flight cancellations to impact Canadian travellers.   A system-wide outage at WestJet on Saturday led to the cancellation of over 200 WestJet, Swoop and Sunwing flights over the weekend. The airline later said […]

ROCHESTER, N.Y. (AP) – The National Toy Hall of Fame’s new honorees include an object dating to ancient times, a line of muscle-bound action figures and an iconic art set whose medium is colorful pegs. The hall on Thursday announced the top, Masters of the Universe and Lite-Brite as this […]

Canada’s busiest airport says it will offer passengers a way to bypass long security lineups as it looks ahead to a winter travel surge and tries to avoid a repeat of the travel chaos seen earlier this year. Toronto Pearson International Airport on Thursday announced the launch of YYZ Express, […]

LOS ANGELES (AP) – Someone who bought a Powerball ticket in Southern California has won a record $2.04 billion Powerball jackpot after more than three months without anyone hitting the top prize. The winning numbers were selected Tuesday morning, nearly 10 hours after the scheduled Monday night drawing because of […]

FRANKFURT, Germany (AP) – Adidas on Wednesday lowered its earnings forecast for the year to account for losses from ending its partnership with the rapper formerly known as Kanye West over his antisemitic remarks. The German shoe and sportswear maker cut its sales and profit outlook for the year as […]

NEW YORK (AP) – Victoria’s Secret & Co. said Tuesday it has signed a definitive agreement to acquire Adore Me Inc., a lingerie startup known for its wide array of sizes, for $400 million in cash. The move comes as Victoria’s Secret aims to become more inclusive and diversify beyond […]

NEW YORK (AP) – CBS and its former president, Leslie Moonves, will pay $30.5 million as part of an agreement with the New York attorney general’s office, which says the network’s executives conspired with a Los Angeles police captain to conceal sexual assault allegations against Moonves. Under the deal announced […]

OTTAWA – Industry Minister Francois-Philippe Champagne said he will not approve the proposed deal between Rogers Communications Inc. and Shaw Communications Inc., though he left the door open to a revised agreement. The $26-billion proposed merger would have meant the wholesale transfer of wireless spectrum licences from Shaw to Rogers, […]

NEW YORK (AP) – The number of Americans who do not have a bank account fell to a record low last year, as the proliferation of online-only banks and an improving economy is bringing more Americans into the traditional financial system. A new report from the Federal Deposit Insurance Corp. […]