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Business News Summary Headlines

Company releases, economic news, and business coverage.

Quebec liquor store employees threaten to strike ahead of Fete nationale holiday

MONTREAL - Employees with Quebec's liquor authority are threatening to strike ahead of the province's popular Fete nationale holiday, also known as St-Jean-Baptiste day.

Workers are scheduled to vote Monday and over the course of the next several days on a proposal by union executives for a six-day strike that could begin June 23, the day before the holiday.

Monday, June 18, 2018 | 06:20 PM

Company appeals Churchill rail ruling in year-long attempt to restore service

WINNIPEG - The company that owns a broken rail line into Churchill, Man., says it is appealing a federal regulatory ruling that requires it to repair the track.

Hudson Bay Railway Co. was ordered last week by the Canadian Transportation Agency to immediately begin repairs to the track, which is the only land link to the subarctic community of 900 people.

Monday, June 18, 2018 | 06:00 PM

Private jet once owned by Elvis Presley for sale - again

ALBUQUERQUE, N.M. - A private jet once owned by Elvis Presley that has sat on a runway in New Mexico for nearly four decades is back on the auction block.

The online auction site IronPlanet announced this week that the plane with red velvet seats had returned the market after its current owner bought it last year for $430,000.

Monday, June 18, 2018 | 05:50 PM

Trudeau government to kick off talks towards national strategy on big data

OTTAWA - The Trudeau government will take fresh steps Tuesday towards equipping the country for the rapidly advancing era of big data.

The office of Economic Development Minister Navdeep Bains has sent invitations to a launch for what it describes as "national digital and data consultations."

Monday, June 18, 2018 | 05:45 PM

Proposed class-action lawsuits filed against Bank of Montreal, CIBC's Simplii

TORONTO - Proposed class-action lawsuits have been filed against Bank of Montreal and CIBC's direct banking division Simplii Financial over recently disclosed cybersecurity breaches impacting up to 90,000 customers.

Law firms Siskinds LLP and JSS Barristers say they have filed the proposed class actions against the two Canadian banks in the Ontario Superior Court of Justice, alleging the institutions failed to establish robust security measures to protect clients' sensitive information.

Monday, June 18, 2018 | 05:25 PM

Baytex Energy and Raging River Exploration sign merger deal

TORONTO - Shares of Baytex Energy Corp. and Raging River Exploration Inc. dropped after the intermediate oil and gas producers announced a $2.8-billion merger Monday.

The combined company, which will operate under the Baytex name, is expected to have production of approximately 94,000 barrels of oil equivalent per day from a diverse portfolio of oil assets that includes the Viking, Peace River, Lloydminster and East Duvernay Shale regions in Canada and the Eagle Ford region in Texas.

Monday, June 18, 2018 | 05:16 PM

Energy sector helps lift Toronto market, U.S. stocks lower amid trade tensions

The energy sector helped Canada's main stock index close higher Monday, while U.S. markets were flat to lower amid rising trade tensions between the U.S. and China.

Trade tensions between the U.S. and Canada have also escalated recently after U.S. President Donald Trump threatened to impose tariffs on auto imports.

Monday, June 18, 2018 | 05:14 PM

2 federal agencies take closer look into Tesla fire

WASHINGTON - One federal safety agency has dispatched an investigator and another says it is gathering information on a Tesla battery fire in Southern California.

The National Transportation Safety Board said Monday it is sending a technical specialist to watch Tesla's examination of the Model S that caught fire Friday on a street in West Hollywood. The National Highway Traffic Safety Administration said in a statement that it "continues to collect information regarding this incident and will take appropriate action as warranted."

Monday, June 18, 2018 | 05:04 PM

Most actively traded companies on the TSX

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

Toronto Stock Exchange (16,383.63, up 69.21 points)

Monday, June 18, 2018 | 04:46 PM

South Korea joins Japan in halting Canadian wheat imports after GMO plants found

CALGARY - South Korea has joined Japan in suspending trade in Canadian wheat following the discovery of a small number of genetically modified plants in southern Alberta.

It's standard protocol in both countries to temporarily close markets in such cases, Global Affairs spokesman Jesse Wilson said Monday.

Monday, June 18, 2018 | 04:18 PM