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It's a bittersweet Easter for chocolate lovers and African cocoa farmers but big brands see profits
March 28, 2024 - 10:25 PM

ACCRA, Ghana (AP) — Shoppers may get a bitter surprise in their Easter baskets this year. Chocolate eggs and bunnies are more expensive than ever as changing climate patterns eat into global cocoa supplies and the earnings of farmers in West Africa.
Canadian Natural Resources hits record oil production amid rising U.S. demand
February 29, 2024 - 11:35 AM

Canadian Natural Resources Ltd. drew on its abundant reserves to set a slew of production records last quarter, boosting its bottom line by 72 per cent.
Stock market today: Wall Street inches higher but still marks its first losing week in the last 10
January 05, 2024 - 1:09 PM

NEW YORK (AP) — Wall Street drifted to a higher close but still marked its first losing week in the last 10. The listless trading followed reports showing workers are getting bigger raises, but also that key parts of the economy still don’t look like they’re overheating. The S&P 500 rose 0.2% Friday. The Dow edged up 25 points, and the Nasdaq rose 0.1%. Treasury yields initially jumped after a report showed the job market strengthened more than expected.
Holiday travel angst lingers as airports, airlines gear up for holiday rush
December 21, 2023 - 1:00 AM

MONTREAL - Michael Morrow is sitting poolside in Cancun, a Corona lager in hand, but with the faintest of knots in his stomach.
BMO sees higher cost savings ahead thanks to Bank of the West, cuts to real estate
December 01, 2023 - 9:14 AM

TORONTO - BMO Financial Group said Friday it expects higher cost savings from its US$16.3 billion Bank of the West acquisition as part of a wider focus on efficiencies to weather the economic slowdown.
Telecoms must up network investments to meet growing demand for mobile data: report
November 07, 2023 - 1:49 PM

TORONTO - While Canada’s largest telecom company is set to slash spending on its fibre network expansion, industry stakeholders say phone carriers will need to boost their network investments amid forecasts that data consumption could double by 2027.
Forecasters more certain rate hikes are over as recession talk grows over GDP numbers
October 31, 2023 - 10:12 AM

OTTAWA - The Canadian economy may have entered a technical recession as high interest rates weigh on consumer spending, preliminary data from Statistics Canada suggests.
Port strike will take two months for recovery, CN says, as wildfires dent earnings
July 25, 2023 - 3:43 PM

MONTREAL - Canada's largest railway said the B.C. port strike will take two months to recover from, adding to the headaches of a company that lowered its earnings forecast amid falling profits brought on by a sluggish economy and a slew of natural disasters.
'We're just hanging on:' Rocky start to summer patio season puts restaurants on edge
May 17, 2023 - 12:37 PM

HALIFAX - Restaurants in Canada are being slammed with a daunting mix of soaring costs, staffing issues and capacity problems, making a slow start to the critical summer patio season a near crisis for some eateries across the country, industry experts say.
Air Canada nearly doubles revenue, ekes out profit as travel demand takes flight
May 12, 2023 - 1:19 PM

MONTREAL - Air Canada reported that first-quarter revenue nearly doubled compared with a year earlier as travellers hopped back on airplanes en masse — even as higher costs tamped down net earnings.
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iN NUMBERS: Beer, wine and spirits in Kamloops, Okanagan
Everyone loves to go on about how great the wine is in the Okanagan, but good ol’ beer and liquor is too often overlooked. Here are some numbers for wine, beer and spirits in Kamloops and the Okanagan: 8,830: Acres of viney

Texas governor calls for special session after vetoing a bill to ban THC-infused goods
AUSTIN, Texas (AP) — Texas Gov. Greg Abbott vetoed a bill that would have banned consumable hemp products containing THC ingredients in the state, but said he's open to lawmakers passing a new effort to regulate what has become a boomin

Central Okanagan needs 20,000 new homes in five years
Cities around the Central Okanagan have been figuring out how many homes they need to build to keep up with the rising demand, but the regional district has taken a step back to look at the bigger picture. The Regional District of the Centr

Business News

It's a bittersweet Easter for chocolate lovers and African cocoa farmers but big brands see profits

Canadian Natural Resources hits record oil production amid rising U.S. demand

Stock market today: Wall Street inches higher but still marks its first losing week in the last 10

Holiday travel angst lingers as airports, airlines gear up for holiday rush

BMO sees higher cost savings ahead thanks to Bank of the West, cuts to real estate

Telecoms must up network investments to meet growing demand for mobile data: report

Forecasters more certain rate hikes are over as recession talk grows over GDP numbers

Port strike will take two months for recovery, CN says, as wildfires dent earnings

'We're just hanging on:' Rocky start to summer patio season puts restaurants on edge

Air Canada nearly doubles revenue, ekes out profit as travel demand takes flight

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