Business News

Retail rivals crash Amazon's Prime Day party
July 16, 2019 - 10:05 AM

NEW YORK - The gravitational pull of Amazon Prime Day is so strong on shoppers it's benefiting other retailers as well, according to an early analysis from a key data group.
Alberta economy doing better than expected in June forecast, TD economists note
July 16, 2019 - 10:02 AM

CALGARY - Economists at TD Bank say they are looking at upgrading their Alberta growth expectations for 2019 as signs point to a more robust than expected recovery from the effects of extreme heavy oil price weakness in late 2018.
US industrial production unchanged in June
July 16, 2019 - 9:58 AM

WASHINGTON - U.S. industrial production was flat in June, as a slump in utilities was offset by gains in output by factories and mining.
Boeing jet trouble leads to cuts at Europe's busiest airline
July 16, 2019 - 8:51 AM

LONDON - Europe's biggest airline, budget carrier Ryanair, will cut flights and close some of its bases beginning this winter because of the delay to deliveries of the Boeing 737 Max plane, which has been grounded globally after two fatal crashes.
Johnson & Johnson 2Q profit jumps 42% despite lower sales
July 16, 2019 - 8:50 AM

Johnson & Johnson posted slightly lower sales across much of its business in the second quarter, but a big one-time gain and lower spending on marketing and administration boosted its profit a whopping 42 per cent. That blew past Wall Street expectations.
Aimia shareholder Mittleman Brothers says board should not assume support
July 16, 2019 - 8:46 AM

MONTREAL - The largest shareholder of Aimia Inc. raised objections Tuesday regarding how the company went about appointing two new directors in the latest escalation of tensions between management and investors at the loyalty rewards company.
Bank of Canada to take over key interest rate benchmark for financial markets
July 16, 2019 - 8:42 AM

OTTAWA - The Bank of Canada plans to assume responsibility for a key interest rate benchmark for financial markets when enhancements are made to it next year.
Alternative lenders increase share of slowing Canadian mortgage market: CMHC
July 16, 2019 - 8:39 AM

OTTAWA - A new report from the Canada Mortgage and Housing Corporation suggests more people are turning to alternative lenders, while the overall number of new mortgages slowed amid government interventions aimed at cooling the housing market.
CP Rail rakes in record second-quarter revenue as traffic increases
July 16, 2019 - 8:28 AM

Canadian Pacific Railway Ltd. announced record second-quarter revenues of nearly $2 billion Tuesday, driven by grain, international container traffic and energy, chemicals and plastics to beat analysts' expectations.
Stocks edge higher in Toronto, U.S. stock markets mixed; loonie creeps up
July 16, 2019 - 8:27 AM

TORONTO - Gains in the industrials sector and materials stocks helped Canada's main stock index edge higher in late-morning trading, while U.S. stock markets put in a mixed showing.
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EDITORIAL CARTOON

Butterflies to soar in Kelowna skies in honour of lost loved ones
KELOWNA - The metamorphosis of the butterfly, transforming from a caterpillar into something beautiful yet temporary
July 16, 2019 10:00 AM
'Schitt's Creek' and its stars among Canadians with Emmy nominations
TORONTO - The Ontario-shot series "Schitt's Creek" and stars Eugene Levy and Catherine O'Hara are
July 16, 2019 9:42 AM
Airline confirms three dead after float plane crashes in Labrador lake
ST. JOHN'S, N.L. - The president of a small Quebec airline says three people were killed when one of its planes
July 16, 2019 9:17 AM
Suspected arson in Kamloops leaves woman dead, family displaced
KAMLOOPS - A suspicious early morning fire in a Westsyde mobile home park yesterday has left one woman dead and a fa
July 16, 2019 8:52 AM
Propel yourself to glory at Naramata's great cherry pit spitting contest
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July 16, 2019 7:00 AM

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