National Business
Rogers reveals buyer, structure of $7B deal for stake in its network infrastructure
TORONTO — Rogers Communications Inc. has revealed that a group led by U.S. investment management company Blackstone Inc. is the buyer in its proposed $7 billion sale of a minority stake in a portion of its wireless network infrastructure.
Read more >
Hudson's Bay closures to cause job losses well beyond the retailer
TORONTO — When Hudson's Bay closes the vast majority of its stores in June, the job losses will extend beyond the storied retailer's own workforce.
Read more >
Alberta oil well report updated after concerns over taxpayer backstop recommendation
A new version of a government-commissioned report about Alberta's inactive oil wells and what to do about them now says the province should manage a new insurance fund, rather than backstop it with taxpayer funding.
Read more >
B.C. bumps up rental subsidy programs for seniors, low-income families
Recipients of two British Columbia programs aimed at making rent more affordable for seniors and families in need will see a bump in their subsidies starting this month.
Read more >
Dow drops 1,600 as US stocks lead worldwide sell-off after Trump’s tariffs cause a COVID-like shock
NEW YORK (AP) — Wall Street shuddered, and a level of shock unseen since COVID’s outbreak tore through financial markets worldwide Thursday on worries about the damage President Donald Trump’s newest set of tariffs could do to economies across contin
Read more >
No more cheap skirts: Trump ends tax exemption for low-value Chinese imports
A notice to customers dazzled by the low-priced products on Chinese shopping apps: the days of getting trendy clothing, tools and gag gifts that cost less than lunch delivered to your door in 10 days are probably numbered.
Read more >
Stellantis production halt the "dead canary" as auto sector faces tariff hit
TORONTO — Automakers in Canada, along with workers and everyone else with ties to the industry, are struggling to grasp the implications of and how best to respond to the ruinous industry tariffs that came into effect Thursday.
Read more >
North American stock markets tank as latest tariffs heighten recession fears
TORONTO — Stock markets in Canada and the U.S. plunged Thursday as investors reacted to the latest tariffs from U.S. President Donald Trump.
Read more >
Canadian apparel company stock prices fall after tariff announcement
TORONTO — Canadian apparel companies including Aritzia and Lululemon saw their stock prices slide Thursday as investors reacted to the sweeping new tariffs announced by U.S. President Donald Trump on Wednesday.
Read more >
Upset customers assaulting, threatening NB Power workers because of rate increases
FREDERICTON — New Brunswick's Crown-owned electric utility says it understands some customers are frustrated with the cost of electricity, but NB Power says it's unacceptable that some people are turning to threats and violence.
Read more >