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National Business
National Business
Deadline to receive partial CEBA loan forgiveness looms for Canadian businesses
TORONTO — Thursday will mark the deadline for Canadian businesses to repay pandemic loans and receive partial forgiveness, a move that business groupssay will spell closure for thousands of struggling companies.
Jan 17, 2024 11:01 AM
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Rogers sisters resign from company board as part of private settlement
TORONTO — Two members of the Rogers family have settled their differences with their brother Edward and announced their retirement from the Rogers Communications Inc. board of directors after a bruising fight over who should lead the company.
Jan 17, 2024 10:40 AM
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Duelling U.S. sandwich brands Jimmy John's and Jersey Mike's to expand in Canada
TORONTO — A battle of the sandwich brands is materializing as a pair of U.S. sub companies announce big plans for Canada. Inspire Brands announced Wednesday that its Jimmy John’s banner would use a franchise model to make its way outside the U.S.
Jan 17, 2024 10:11 AM
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Tech industry expecting more layoffs, but say hiring coming too this year
TORONTO — Tech’s biggest names spent last year in layoff mode and if the last few weeks are any indication, that pattern is continuing into this year.
Jan 17, 2024 9:36 AM
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Mullen Group signs deal to buy logistics company ContainerWorld
OKOTOKS, Alta. — Mullen Group Ltd. says it has signed a letter of intent to buy logistics company ContainerWorld Forwarding Services Inc. Financial terms of the agreement were not immediately available.
Jan 17, 2024 6:23 AM
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China's economy expanded 5.2% last year, hitting target of 'about 5%' even though recovery is uneven
HONG KONG (AP) — China’s economy for the October-December quarter grew at a quicker rate, allowing the Chinese government to hit its target of about 5% annual growth for 2023 even though trade data and the economic recovery remain uneven.
Jan 16, 2024 7:36 PM
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Gildan accuses ex-CEO of close relationship with shareholders calling for his return
MONTREAL — Gildan Activewear Inc.
Jan 16, 2024 6:50 PM
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Shell will sell big piece of its Nigeria oil business, but activists want pollution cleaned up first
ABUJA, Nigeria (AP) — Shell said Tuesday it agreed to sell its onshore business in Nigeria’s Niger Delta to a consortium of companies in a deal worth $2.
Jan 16, 2024 5:42 PM
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Top Federal Reserve official says inflation fight seems nearly won, with rate cuts coming
WASHINGTON (AP) — A top Federal Reserve official said Tuesday that he is increasingly confident that inflation will continue falling this year back to the Fed's 2% target level, after two years of accelerating price spikes that hurt millions of Ameri
Jan 16, 2024 5:19 PM
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Loblaw's reduced discounts match competitors while retaining higher margin: experts
TORONTO — Loblaw's decision to reduce steep discounts on soon-to-expire food is a move to match its competitors as the demand for marked down groceries rises, experts say. Until recently, Loblaw Cos. Ltd.
Jan 16, 2024 5:02 PM
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