Sunday, August 17, 2025
Business
B.C. to ease rules on builders to spur new housing construction
The British Columbia government is easing payment rules for development fees to boost home construction. Changes include extended payment timelines...
Microsoft cutting 9,000 jobs with largest layoff in years
Microsoft announces its second mass layoff in months, cutting about 9,000 jobs, including 830 at its headquarters. The layoffs affect...
Oil Falls as U.S. Crude, Gasoline Inventories Rise
US crude oil inventories rose by 3.8 million barrels to 419 million barrels, below the five-year average. Prices increased ahead...
Bombardier shares up 20% after deal for 50 jets valued at $1.7-billion
Bombardier Inc. shares soar to a seven-year high after firm order for 50 Challenger and Global jets, valued at US$1.7...
Canada factory PMI falls in June as firms slash production
Canada's manufacturing sector faced a deeper downturn in June due to U.S. tariffs, leading to the sharpest cut in output...
Rogers Communications Inc. becomes majority owner of MLSE
Rogers Communications Inc. acquires BCE's 37.5% stake in MLSE, now holding 75% ownership. The company aims to bring more championships...
Xbox hit hard with layoffs: from canceled games to a shuttered studio
Microsoft announced layoffs affecting 9,000 employees, impacting Xbox studios. The Initiative's Perfect Dark and Rare's Everwild were canceled, and Turn...
Canada’s trade deficit narrows in May, exports to U.S. decrease for fourth straight month
Canadian exports to the U.S. fell for the fourth month in a row in May, contributing to a narrowed trade...
Rogers closes deal to become majority owner of Maple Leaf Sports & Entertainment
Rogers Communications Inc. has acquired BCE Inc.'s stake in Maple Leaf Sports & Entertainment, making them the majority owner with...
‘They should know better,’ Costco facing lawsuit for allegedly selling Lululemon knockoffs, retail expert weighs in
Canadian brand Lululemon sues Costco for selling counterfeit clothing, claiming the retailer is benefiting from its reputation by offering knockoff...
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