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National Business

Not dead yet: Record executives making sure the compact disc still has a future

Not dead yet: Record executives making sure the compact disc still has a future

TORONTO — Adrian Doran knows he's clinging onto what many consider an obsolete music format, but for him there's still plenty to love about compact discs.
After Switch surge led by Mario and Link, Nintendo looks to maintain momentum

After Switch surge led by Mario and Link, Nintendo looks to maintain momentum

Nintendo's resurgence to the front of the pack in the video game industry surprised even some within the company itself.
Goldman Sachs expects $5 billion hit from tax overhaul in 4Q

Goldman Sachs expects $5 billion hit from tax overhaul in 4Q

NEW YORK — Goldman Sachs expects to take a $5 billion hit to profits for the fourth quarter and year because of the tax overhaul signed into law last week. As a result, the New York bank will likely report a loss for the last quarter of 2017.

Apple apologizes for secretly slowing older iPhones

SAN FRANCISCO — Apple apologized for secretly slowing down older iPhones, a move it said was necessary to avoid unexpected shutdowns related to battery fatigue.
Year's box office drops, still 3rd highest gross in history

Year's box office drops, still 3rd highest gross in history

LOS ANGELES — After two consecutive record-breaking years at the domestic box office, 2017 was the year the momentum slowed — even with the late adrenaline boost of a new "Star Wars" film. When all is said and done on Jan.

EgyptAir signs firm order for Bombardier C Series aircraft

MONTREAL — Bombardier Commercial Aircraft says EgyptAir has signed a firm agreement to purchase a dozen CS300 aircraft along with purchase rights for an additional 12 of the aircraft. EgyptAir's letter of intent to buy the aircraft was announced Nov.

Manitoba evaluating more than 100 marijuana retail proposals, plans to pick 4

WINNIPEG — Manitoba is sifting through more than 100 applications from businesses that want to sell recreational marijuana when it become legal next summer.

Long-delayed N.W.T. gas pipeline project cancelled and partnership dissolved

CALGARY — Imperial Oil says its much-delayed $16.1-billion project to build a natural gas pipeline across the Northwest Territories from the coast of the Beaufort Sea to northern Alberta has finally been cancelled.

Most actively traded companies on the TSX

Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (16,221.95, up 18.82 points) Aurora Cannabis Inc. (TSX:ACB). Healthcare. Up 93 cents, or 11.61 per cent, to $8.94 on 27.3 million shares.

Toronto stock index sets 2nd straight record high, Canadian dollar rises

TORONTO — Canada's main stock index hit an all-time record for a second straight trading session, bolstered in part by surging cannabis stocks, as the loonie hit its highest level in nearly three months. The S&P/TSX composite index advanced 18.