Home > News & Features > Business News > Business News Summary Headlines

Business News Summary Headlines

Company releases, economic news, and business coverage.

CN Rail recalls workers to prepare for the smooth handling of bumper grain crop

MONTREAL - Canadian National Railway Co. says it has recalled laid-off employees to handle the start of what is expected to be bumper grain crops in Canada and the United States.

"We're handling and ready to handle more of the crop that has been produced," chief operating officer Mike Cory said Tuesday after the Montreal-based carrier reported third-quarter results.

Tuesday, October 25, 2016 | 06:03 PM

Missouri's American Royal horse exhibition moving to Kansas

KANSAS CITY, Kan. - One of Kansas City's most venerable cultural institutions, the annual American Royal horse and livestock exhibition, is moving to Kansas from Missouri, officials announced Tuesday.

Their announcement culminates months of work by Republican Gov. Sam Brownback and the Kansas Department of Commerce to lure the 117-year-old exhibition across the state line.

Tuesday, October 25, 2016 | 05:57 PM

Quebec says it's on track for $2.2-billion surplus in current fiscal year

Quebec is projecting a higher than expected surplus of $2.2 billion in the current fiscal year and is also abolishing a health tax two years ahead of schedule.

Information available over the summer led the government to call for a surplus of $1.8 billion for fiscal 2016-17, which ends next March 31, but Finance Minister Carlos Leitao said Tuesday that provincial revenues have increased more than expected.

Tuesday, October 25, 2016 | 05:57 PM

Amended CETA declaration not enough to win Walloon support, documents show

OTTAWA - One day before Belgium's Wallonia region formally rejected the Canada-EU free trade deal, the two sides pledged in writing to strengthen the controversial dispute settlement section of the pact, The Canadian Press has learned.

The apparent concession to the Walloons was made on Oct. 13 in a short annex that Canada and Europe crafted to assuage critics of the Comprehensive Economic and Trade Agreement, or CETA.

Tuesday, October 25, 2016 | 05:41 PM

Price of oil loses nearly US$1 over 2 days, North American markets down

TORONTO - Oil continued its downward slide this week on Tuesday amid continued uncertainty around crude supply, while all major North American markets recorded losses.

December crude contracts fell to US$49.96 per barrel on Tuesday, shedding 56 cents US. Since Monday's close, oil has lost a total of 89 cents US.

Tuesday, October 25, 2016 | 05:17 PM

Shoppers Drug Mart applies to be a distributor of medical marijuana

TORONTO - Shoppers Drug Mart has submitted an application to distribute medical marijuana a move that, if permitted, could change how patients get access to the drug.

But although the pharmacy chain says allowing it to dispense cannabis would improve patient care, some industry players are voicing concerns that users could face higher prices and have access to fewer strains.

Tuesday, October 25, 2016 | 05:15 PM

Most actively traded companies on the TSX

Some of the most active companies traded Tuesday on the Toronto Stock Exchange:

Toronto Stock Exchange (14,870.63, down 52.38 points):

Tuesday, October 25, 2016 | 04:56 PM

'The Walking Dead' has a smashing return

NEW YORK - It's hard to miss the message from the season premiere of "The Walking Dead": blood pays off.

The gory episode of the popular AMC drama was seen by just over 17 million viewers on Sunday night, the Nielsen company said. That left it short of the 2014 season premiere of 17.3 million for most-watched episode of the series ever, but AMC believes that when additional digital and delayed viewing is added in, this season's opener will be the all-time champ.

Tuesday, October 25, 2016 | 04:35 PM

Oil & Gas Stock Roundup: Schlumberger, Halliburton Beats and Sees Drilling Upswing

It was a week which saw oil prices hit a 15-month peak, while natural gas futures fell below the psychologically important $3 threshold.

On the news front, oilfield service majors Schlumberger Ltd. SLB and Halliburton Company HAL kicked off the energy earnings season with better-than-expected numbers. Importantly, both the companies indicated that their North American clients have returned to drilling this summer.

Tuesday, October 25, 2016 | 04:35 PM

Yukon Party promises to fight federal carbon tax amid territorial election

WHITEHORSE - The federal government's carbon tax strategy is dominating Yukon's territorial election, with the leader of the long-governing party promising to fight the levy while his rivals dismiss the pledge as political bluster.

Yukon Party Leader Darrell Pasloski said that putting a price on carbon would raise the cost of virtually everything in the territory, including food, clothing and gas.

Tuesday, October 25, 2016 | 03:51 PM