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Business News Summary Headlines

Company releases, economic news, and business coverage.

Cyberattack on Sundance briefly shutters box office

PARK CITY, Utah - Representatives for the Sundance Film Festival say that they their network systems were subject to a cyberattack that caused its box offices to shut down briefly Saturday afternoon.

The Festival issued updates to attendees via their official account and say that online ticketing for future shows is currently back up and running

Saturday, January 21, 2017 | 04:35 PM

Brazil president to wait to replace justice killed in crash

SAO PAULO - Brazil's president said Saturday that he would wait to name a replacement for the Supreme Court justice who died in a plane crash until after the court reassigns a major corruption case he was handling.

Justice Teori Zavascki was in charge of handling accusations against politicians in the "Car Wash" investigation, a multibillion dollar kickback scheme involving the state oil company Petrobras. He was in the process of deciding whether to validate several plea bargain agreements, potentially making public accusations against high-profile businessmen and politicians.

Saturday, January 21, 2017 | 03:45 PM

Many farmers still need training after Lake Erie algae

TOLEDO, Ohio - Ohio's agriculture leaders say thousands of farmers have completed training that will be required for putting fertilizer on fields, but many more face a September deadline to finish the program aimed at combating the toxic algae fouling Lake Erie.

The first of its kind requirement is one of several steps Ohio has taken to reduce the farm runoff that feeds algae in the state's lakes and rivers.

Saturday, January 21, 2017 | 09:40 AM

Canadian court rules in Ecuadorian legal battle involving oil giant Chevron

Both sides found positives in a Canadian court ruling issued Friday in a David and Goliath legal battle between oil giant Chevron and a group of Ecuadorian villagers.

The villagers are using the Canadian courts to try to collect on a US$9.5-billion Ecuadorian court judgement for environmental damage.

Saturday, January 21, 2017 | 08:43 AM

Trade, trade-offs, and O'Leary: three ways politics touched Canadians this week

OTTAWA - The pageantry of the Donald Trump inauguration absorbed most of the political oxygen in Ottawa this week, mainly because the subtext was a growing realization that so many facets of Canadian politics have been turned on their head.

The Jenga tower of assumptions that have allowed the Canadian, and global, political economy to function on a relatively stable basis is being disassembled from the bottom, threatening to wobble before policy makers understand how to react.

Saturday, January 21, 2017 | 07:30 AM

'Chaos candidate' takes office: cheers, jeers, fiery protest for Trump on Day 1

WASHINGTON - Donald Trump's promise to disrupt Washington came to pass on Day 1 of his presidency Friday fiery protests, clashes with police and a stridently nationalist speech that elicited cheers from a sea of red ballcap-clad admirers.

During the primary fight, one rival called him the "chaos candidate" an apt description of his first hours in office which showcased the bitter politics of the country he now leads.

Friday, January 20, 2017 | 11:27 PM

Trudeau congratulates Trump, cites close economic and security ties

OTTAWA - Boost defence spending, dial down the volume on battling climate change and find a bridge or energy project to build together.

That was the expert advice Prime Minister Justin Trudeau received Friday on how to get along with new U.S. President Donald Trump and make Canada relevant to his "America First" policy.

Friday, January 20, 2017 | 05:26 PM

Most actively traded companies on the TSX

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

Toronto Stock Exchange (15,547.88, up 138.07 points):

Friday, January 20, 2017 | 05:09 PM

North American stock markets close on high note as Trump becomes U.S. president

TORONTO - North American stock markets closed on a high note Friday, though investors who have been seeking clarity for weeks from Donald Trump got little of it during his inaugural address as president.

The S&P/TSX composite index added 138.07 points to 15,547.88 in a fairly broad-based rally. The materials sector of the TSX led the charge, up 1.64 per cent, while global gold stocks climbed 1.25 per cent and the financials sector gained 0.98 per cent. Energy stocks were up 0.82 per cent.

Friday, January 20, 2017 | 05:06 PM

Trump's protectionist inaugural address sparks concerns in Canada's oilpatch

CALGARY - Donald Trump's fiercely protectionist inaugural address is a clarion call for Canada to nurture its relationships with other countries and do everything possible to access markets abroad, the head of the Canadian Association of Petroleum Producers said Friday.

Tim McMillan said he made it a point to attend Trump's inauguration as president in Washington in part due to concerns that U.S. policy changes could threaten Canada's energy industry. He said he also met later with U.S. industry and Canadian government officials.

Friday, January 20, 2017 | 04:48 PM