TOKYO — Asian shares slipped in cautious trading Wednesday, shrugging off a rally on Wall Street led by technology companies and banks that erased most of the losses from the previous day’s sell-off. Japan’s benchmark Nikkei 225 sank 1.3% in afternoon trading to 27,470.09. South Korea’s Kospi dipped 1.4% to 2,919.87. Australia’s S&P/ASX 200 shed […]
Category Archives: Business
TORONTO — The economic effects from the COVID-19 pandemic are squeezing businesses struggling to find workers as ongoing labour shortages continue to stall certain sectors. Businesses both big and small say they are struggling to find staff and employers have been offering more incentives to attract workers such as higher wages, bonuses, and flexible hours. […]
TORONTO — Canopy Growth Corp. and its U.S. subsidiary are denying they called their line of cannabidiol beverages Quatreau in order to capitalize on its similarity to the name of orange liqueur company Cointreau Corp. The Smiths Falls, Ont. cannabis company said in a New York court filing made on Sept. 21 that its Quatreau […]
OTTAWA — Canada’s merchandise trade surplus more than doubled to $1.9 billion in August as exports of energy products climbed to their highest level since March 2014, Statistics Canada said Tuesday. The result compared with a trade surplus of $736 million in July. Statistics Canada said total exports rose 0.8 per cent in August to […]
BEIJING — A midsize Chinese real estate developer failed to make a US$205.7 million payment due to bondholders Tuesday, adding to the industry’s financial strain as one of China’s biggest developers tries to avoid defaulting on billions of dollars of debt. Fantasia Holdings Group announced it missed the payment in a statement issued through the […]
Shares were mostly lower in Asia on Tuesday after a broad slide on Wall Street led by technology companies. Tokyo’s Nikkei fell 2.2% while Hong Kong’s Hang Seng recovered from early losses. China-U.S. tensions regained the spotlight after U.S. Trade Representative Katherine Tai said she plans frank conversations with officials in Beijing about an interim […]
OTTAWA — Canada is formally invoking a 1977 pipeline treaty with the United States in a bid to prevent Michigan from turning off the taps to Enbridge’s Line 5 pipeline. The dispute stems from a nearly year-old decision by Michigan Gov. Gretchen Whitmer to revoke a 1953 easement to allow the pipeline to cross the […]
VANCOUVER – The latest report on trends in Vancouver’s fast-paced real estate market suggests supply is still not enough to meet demand. In its monthly market recap, the Greater Vancouver Real Estate Board called the supply “insufficient,” and said the lack of listings is not only impacting buyers in terms of options, but […]
LONDON — British military personnel have begun delivering fuel to gas stations after a shortage of truck drivers disrupted supplies for more than a week, leading to long lines at the pumps as anxious drivers scrambled to fill their tanks. About 200 service personnel were deployed Monday to boost deliveries after undergoing training at commercial […]
HUNTSVILLE, ONT. — Low rates and rising costs are leading more Canadians to take on more debt. The latest MNP Consumer Debt Index report has found that borrowing intentions are on the rise, as many Canadians simply seek to make ends meet, and that borrowing has taken on a riskier tone as consumers look to […]