Skip to content
-4.0 °Cforecast >
Mostly Cloudy

National Business

Korea-owned company says it will fire up halted project after two years on hold

CALGARY — In a rare sign of optimism for the future of the oilsands, South Korea-owned Harvest Operations Corp.

StatCan October GDP flat compared with September, up from 2016

OTTAWA — Canada's economy took a pause in October, with gross domestic product unchanged from the previous month. Analysts had estimated that Canada's GDP would grow 0.
CN says project to ship oil pellets has potential to unlock offshore markets

CN says project to ship oil pellets has potential to unlock offshore markets

MONTREAL — Canadian National Railway is testing the commercial viability of shipping dry pellets of heavy crude by rail, a process it says lessens environmental risk and could unlock offshore markets for the country's energy producers.
Apotex: succession plan for founder Barry Sherman was in place 5 years ago

Apotex: succession plan for founder Barry Sherman was in place 5 years ago

TORONTO — Apotex Inc. says it wants to set the record straight about how the pharmaceutical company will be managed following the death of its founder, Barry Sherman, and his wife Honey.
Transcontinental to stop printing Hearst's San Francisco Chronicle next year

Transcontinental to stop printing Hearst's San Francisco Chronicle next year

MONTREAL — Transcontinental Inc. (TSX:TCL.A) is transferring its printing operations in Fremont, Calif., back to the Hearst publishing organization as their multi-year outsourcing agreement comes to a close next spring.
US durable goods orders rise 1.3 per cent in November

US durable goods orders rise 1.3 per cent in November

Orders for long-lasting manufactured goods rose last month by 1.3 per cent , boosted by orders for both commercial and defence aircraft. A category that measures business investment slipped for the first time since June.

T-Mobile to buy Austrian cable operator for $2.3 billion

BERLIN — Deutsche Telekom's T-Mobile Austria unit has announced plans to buy cable operator UPC Austria in a deal that values the company at 1.9 billion euros ($2.3 billion.