Skip to content

National Business

Critics of Oprah book club title put new novel on trial

Critics of Oprah book club title put new novel on trial

TUCSON, Ariz. — When Oprah Winfrey chose the novel “American Dirt” for her book club, she imagined engaging in an impassioned television dialog about the narrative, which follows a Mexican mother and her son fleeing to the United States.
Cineplex shares fall after short seller raises concerns about Cineworld deal

Cineplex shares fall after short seller raises concerns about Cineworld deal

TORONTO — Shares of Cineplex Inc. fell more than 10 per cent after a short-seller suggested the company's $2.8-billion deal to be acquired by Cineworld PLC could fall apart or see the price reduced materially.
Canadian start-ups, following U.S. lead, look to modernize auto, mortgage sales

Canadian start-ups, following U.S. lead, look to modernize auto, mortgage sales

TORONTO — A pair of Canadian startups are looking to help make it easier to buy homes and cars using technology by speeding the mortgage approval process and by making finding and buying a new ride faster.

Virus impacting Hawaii economy through events, tourism

HONOLULU — A spate of cancelled events and falling visitor numbers from abroad indicate the economic impact Hawaii is experiencing due to the spread of the virus that causes the disease called COVID-19.

US productivity increases at 1.2% rate in fourth quarter

WASHINGTON — U.S. productivity rebounded in the final three months of last year but by a smaller amount than initially reported, while labour costs increased at a slower pace than first thought.
MEG Energy reports $26M Q4 profit, compared with $199M loss a year ago

MEG Energy reports $26M Q4 profit, compared with $199M loss a year ago

CALGARY — MEG Energy Corp. reported a profit of $26 million in its latest quarter compared with a loss of $199 million in the same quarter a year earlier. The company says the profit amounted to nine cents per diluted share for the quarter ended Dec.
Asian shares rise following stimulus-led surge on Wall St

Asian shares rise following stimulus-led surge on Wall St

TOKYO — Asian shares rose Thursday, taking their cue from a surge on Wall Street as governments and central banks took more aggressive measures to fight the virus outbreak and its economic impact. Japan's benchmark Nikkei 225 rose 0.8% to 21,262.49.
Several banks match Bank of Canada with 50 basis point cut to prime interest rate

Several banks match Bank of Canada with 50 basis point cut to prime interest rate

TORONTO — Several Canadian banks and financial institutions have dropped their prime lending rate by 50 basis points to 3.45 per cent, effective March 5.
Bombardier investigating reported links to Uighur forced labour in China

Bombardier investigating reported links to Uighur forced labour in China

Bombardier Inc. says it is concerned about a new report that links it and other companies to the alleged forced labour of Muslim minorities in China.
Spin Master reports loss in Q4, expects impact from coronavirus

Spin Master reports loss in Q4, expects impact from coronavirus

TORONTO — Spin Master Corp. says it swung to a loss in the fourth quarter in part because of supply chain issues at its U.S. distribution centre, and it expects further supply impacts this year because of the novel coronavirus.