Skip to content

National Business

Bread-fixing settlement delivers $253 million hit to George Weston Q2 results

Bread-fixing settlement delivers $253 million hit to George Weston Q2 results

TORONTO — George Weston Ltd. says a recent settlement it reached in the bread price-fixing class actions it faced had a $253 million impact on its second-quarter net earnings. The company, which holds a majority interest in grocer Loblaw Cos. Ltd.
BHP, Lundin Mining to buy Filo for $4.5 billion, form joint venture for projects

BHP, Lundin Mining to buy Filo for $4.5 billion, form joint venture for projects

VANCOUVER — BHP and Lundin Mining Corp. have signed a $4.5 billion deal to acquire all of the shares they don't already own in exploration company Filo Corp.
Average data breach costs Canadian organizations $6.32 million: IBM study

Average data breach costs Canadian organizations $6.32 million: IBM study

Canadian organizations embroiled in data breaches wind up paying an average $6.32 million to resolve the incidents, a new study from IBM says. That total is down from 2023, when Canadian organizations were paying an average $6.
Europe's growth lags US again, as Germany remains the eurozone's economic problem child

Europe's growth lags US again, as Germany remains the eurozone's economic problem child

FRANKFURT, Germany (AP) — Europe’s economy enjoyed modest growth in the April-June quarter even as the U.S.
Trans Mountain Corp. to have new CEO as Farrell moves to board chair role

Trans Mountain Corp. to have new CEO as Farrell moves to board chair role

CALGARY — Trans Mountain Corp. says CEO Dawn Farrell will become chair of the company's board Sept. 1.
Tilray Brands sees revenues rise; boosted by alcoholic beverage sales

Tilray Brands sees revenues rise; boosted by alcoholic beverage sales

LEAMINGTON, ONT. — Cannabis and beverage company Tilray Brands, Inc. says it lost US$15.4 million in its fiscal fourth quarter, a US$104.4-million improvement from a year earlier when it lost US$119.8 million in the same period.
S&P/TSX composite down, U.S. markets mixed at close of trading Monday

S&P/TSX composite down, U.S. markets mixed at close of trading Monday

Canada's main stock index dipped on Monday, dragged down by losses in the energy and tech sectors while U.S. markets were mixed. The S&P/TSX composite index was down 35.24 points at 22,779.57.
Stock market today: Wall Street drifts, and crude oil slides ahead of a frenetic week

Stock market today: Wall Street drifts, and crude oil slides ahead of a frenetic week

NEW YORK (AP) — U.S. stock indexes drifted to a mixed close ahead of a week full of earnings reports from Wall Street’s most influential companies and a Federal Reserve meeting on interest rates. The S&P 500 rose 0.
Competition watchdog launches airline industry study amid ‘cost and quality’ concerns

Competition watchdog launches airline industry study amid ‘cost and quality’ concerns

GATINEAU, Que. — The Competition Bureau says it is launching its market study of domestic airline service as concerns around prices and quality persist.
Quebec businessman Paul Nassar buys luggage retailer Bentley & Co.

Quebec businessman Paul Nassar buys luggage retailer Bentley & Co.

Luggage retailer Bentley & Co. Ltd. has agreed to be sold to the Quebec businessman behind the Hart chain, court filings show.