Business

Statistics Canada reports wholesale sales up in March

OTTAWA — Statistics Canada says wholesale sales, excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain, rose 1.9 per cent to $89 billion in March. The agency...

56m ago

Honda indefinitely suspends Canadian EV plant plans

Honda Canada has indefinitely suspended its previously announced Ontario value‑chain investment project — a major initiative that included plans for a new electric‑vehicle plant in Alliston, Ont....

5m ago

Shoppers 'resilient but discerning' as budgets still strained: Canadian Tire CEO

TORONTO — The head of Canadian Tire Corp. Ltd. says shoppers are proving to be "resilient but discerning" while their wallets get hammered by higher gas prices and other mounting costs. "They have their...

1h ago

Rogers invests $22M to boost 5G+ network in Toronto ahead of FIFA World Cup

Rogers has successfully completed a $22‑million upgrade to its 5G+ network in and around BMO Field as Toronto prepares to host massive crowds for the FIFA World Cup, promising faster speeds, more capacity...

4h ago

Carney pushes new clean electricity strategy to expand grid, lower costs

OTTAWA — The federal government is planning to adjust the clean electricity regulations to give more flexibility to LNG power plants and help to double Canada's electricity grid by 2050. Prime Minister...

7m ago

Ottawa pushing to get Canadian companies selling goods on Chinese platforms

OTTAWA — The federal government is pushing to get Canadian companies on major Chinese e-commerce platforms as the two countries deepen their ties. International Trade Minister Maninder Sidhu told The...

5h ago

Honda records its first-ever annual loss on a costly EV strategy

TOKYO (AP) — Honda racked up a 423.9 billion yen ($2.7 billion) loss Thursday, the first-ever full year loss for the Japanese automaker, acknowledging heavy costs for its electric-vehicle plans, stemming...

5h ago

Feds, Alberta nearing deal on $130/tonne industrial carbon price by 2040: source

OTTAWA — Ottawa and Alberta are closing in on a deal on industrial carbon pricing. A source with knowledge of the discussions who was not authorized to speak publicly about them tells CityNews the...

19h ago

Ontario inspecting commercial truck driver colleges after scathing audit: minister

TORONTO — All Ontario career colleges that offer commercial truck driver training will have been inspected by the end of next month, the province's minister of colleges and universities said Wednesday. Nolan...

18h ago

Ottawa asks defence industry for options on replacements for aging tank fleet

OTTAWA — The Canadian military is formally asking the defence industry to identify what companies can offer to either upgrade or replace Canada's aging fleet of tanks. The federal government published...

17h ago