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Cargojet beats expectations as it swings to $102M profit in Q4 on surge in revenues

Cargojet beats expectations as it swings to $102M profit in Q4 on surge in revenues

MISSISSAUGA, Ont. — Cargojet Inc. swung to a $102-million profit in the fourth quarter as revenue surged 26.1 per cent on increased demand for its domestic, charter and other aircraft services. The Mississauga, Ont.
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Air Transat relaunching routes for summer as pandemic restrictions ease

Air Transat relaunching routes for summer as pandemic restrictions ease

MONTREAL — Air Transat says it is relaunching a significant number of its routes for the busy summer travel season including destinations in Europe and the United States.
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Allied buys six urban buildings from Choice Properties for $794 million

Allied buys six urban buildings from Choice Properties for $794 million

TORONTO — Allied Properties Real Estate Investment Trust says it has purchased six buildings from Choice Properties Real Estate Investment Trust for $794 million.
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Vermilion Energy reports $344.6M Q4 profit, announces quarterly dividend

Vermilion Energy reports $344.6M Q4 profit, announces quarterly dividend

CALGARY — Vermilion Energy Inc. reported a fourth-quarter profit of $344.6 million compared with a loss of $57.7 million a year earlier, helped by higher oil and natural gas prices.
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Five things to watch for in the Canadian business world in the coming week

Five things to watch for in the Canadian business world in the coming week

TORONTO — Five things to watch for in the Canadian business world in the coming week: Trade report International merchandise trade numbers for January are expected from Statistics Canada on Tuesday.
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GM takes new approach to worker diversity as Oshawa production returns

GM takes new approach to worker diversity as Oshawa production returns

OSHAWA, Ont. — The hulking grey shell of GM’s Oshawa assembly plant looks just like it did when the company shut down production on a frigid December day in 2019, but much of what’s inside is strikingly new.
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Mastercard, Visa suspend operations in Russia after invasion

Mastercard, Visa suspend operations in Russia after invasion

NEW YORK (AP) — Mastercard and Visa are suspending their operations in Russia, the companies said Saturday, in the latest blow to the country's financial system after its invasion of Ukraine .
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N.L. to wait another 40 days for federal decision on proposed offshore oil project

N.L. to wait another 40 days for federal decision on proposed offshore oil project

ST. JOHN'S, N.L. — Newfoundland and Labrador will have to wait another 40 days for a federal decision on the fate of a proposed offshore oil project led by Norwegian oil giant Equinor.
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Russia cracks down on dissenting media, blocks Facebook

Russia cracks down on dissenting media, blocks Facebook

DUSSELDORF, Germany (AP) — Russian President Vladimir Putin on Friday intensified a crackdown on media outlets and individuals who fail to hew to the Kremlin line on Russia's war in Ukraine , blocking Facebook and Twitter and signing into law a bill
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Gas prices top $2 per litre as Russian invasion sends crude oil surging

Gas prices top $2 per litre as Russian invasion sends crude oil surging

MONTREAL — The price of gasoline has topped $2 a litre in British Columbia as Canadians continue to see eye-popping numbers at the pump this week, spurred upward by Russia's invasion of Ukraine. The retail price of gas across the country averaged $1.
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