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National Business
Ontario Nurses' Association says bargaining with hospitals has broken down
TORONTO — Contract talks between nurses and the Ontario Hospital Association have broken down and will now head to arbitration, the nurses' union said Friday.
Mar 3, 2023 12:33 PM
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Suncor Energy selling North Sea offshore assets in deal valued at $1.2B
CALGARY — Suncor Energy Inc. has taken another step toward streamlining its business, signing a deal to sell its offshore assets in the North Sea to Equinor UK Ltd. in an agreement valued at about $1.2 billion.
Mar 3, 2023 12:17 PM
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Toronto-area home prices down 18% from last February, sales halved: board
TORONTO — Greater Toronto Area home prices fell almost 18 per cent from last February — the largest year-over-year drop on record — as the number of properties sold was halved, the region's real estate board said.
Mar 3, 2023 12:07 PM
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Amazon pauses construction on 2nd headquarters in Virginia
NEW YORK (AP) — Amazon is pausing construction of its second headquarters in Virginia following the biggest round of layoffs in the company’s history and shifting landscape of remote work .
Mar 3, 2023 11:44 AM
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What is LockBit, the malicious software used against Indigo, SickKids?
TORONTO — Indigo Books & Music Inc. revealed this week that a massive systems outage it's been dealing with for almost a month was triggered by ransomware.
Mar 3, 2023 11:43 AM
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Parkland cancels plans to build stand-alone renewable diesel complex at B.C. refinery
CALGARY — Parkland Corp. says it will not go ahead with its plan to build a stand-alone renewable diesel complex at its refinery in Burnaby, B.C.
Mar 3, 2023 11:21 AM
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Martinrea International reports $46.2M Q4 profit, sales up more than 20%
TORONTO — Martinrea International Inc. reported a profit of $46.2 million in its latest quarter compared with a loss of nearly $9.7 million a year ago as its revenue rose more than 20 per cent.
Mar 3, 2023 10:55 AM
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BoC expected to hold interest rate next week, one year after aggressive cycle began
OTTAWA — One year after the Bank of Canada's aggressive rate hike cycle began, economists widely expect the central bank will stick to its plan of holding its key interest rate steady at its next scheduled announcement.
Mar 3, 2023 4:00 AM
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Firefighters battle blaze in Hong Kong shopping district
HONG KONG (AP) — Hong Kong firefighters battled a huge blaze Friday that broke out overnight at a construction site in a popular shopping district and forced 170 people in nearby buildings to evacuate.
Mar 2, 2023 11:37 PM
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Asian stocks follow Wall St up on interest rate hopes
BEIJING (AP) — Asian stock markets followed Wall Street higher Friday after a Federal Reserve official raised hopes the U.S. central bank might not step up its anti-inflation fight as much as feared. Shanghai, Tokyo, Hong Kong and Sydney advanced.
Mar 2, 2023 10:59 PM
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