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Business News Summary Headlines

Company releases, economic news, and business coverage.

Most actively traded companies on the TSX

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

Toronto Stock Exchange (16,225.65, up 77.15 points)

Thursday, August 16, 2018 | 04:38 PM

US newspapers to Trump: We're not enemies of the people

NEW YORK - Newspapers from Maine to Hawaii pushed back against President Donald Trump's attacks on "fake news" with a co-ordinated series of editorials in defence of a free press on Thursday and, not surprisingly, Trump didn't take it silently.

The campaign was set in motion by an editor at the Boston Globe, which argued in its own editorial that Trump's label of the media as the enemy of the people "is as un-American as it is dangerous to the civic compact we have shared for more than two centuries."

Thursday, August 16, 2018 | 04:32 PM

Low-income earners spending 'absurd' amounts on communications, says advocate

OTTAWA - Canada's telecom regulator says the average household spent nearly $223 every month on communications services, including mobile phones, landlines, internet and cable TV in 2016.

But low-income households are spending exponentially more than higher income earners as a percentage of their income, according to the CRTC's latest Communications Monitoring Report.

Thursday, August 16, 2018 | 04:14 PM

Tim Hortons looks to rebuild its brand with better lid, new marketing campaign

TORONTO - The president of Tim Hortons is fed up with the leaky brown tops on its coffee cups that haven't changed a bit in 20 years so much that he pushed the company to turn over a new leaf literally.

Alex Macedo said Thursday that six of the brand's locations are experimenting with more environmentally-friendly lids emblazoned with a maple leaf, adding they have been rigorously tested by thousands of people who climbed hundreds of stairs and drove plenty of kilometres with cups in hand to design a cap that will cut down on the leaking.

Thursday, August 16, 2018 | 04:10 PM

Elon Musk proposes Los Angeles tunnel to Dodger Stadium

LOS ANGELES - Traffic-weary baseball fans could someday travel to and from Dodger Stadium on a public transportation system underneath Los Angeles if Elon Musk's latest bold plan comes to fruition.

The billionaire's Boring Company tweeted a proposal Wednesday for autonomous, zero-emissions electric sleds that would run through a tunnel between the stadium and a location in the city's Hollywood area.

Thursday, August 16, 2018 | 03:43 PM

Airbnb's federal budget proposal tells Liberals, 'We want to be regulated'

OTTAWA - One of the world's largest short-term rental websites is inviting the Trudeau Liberals to create a regulatory regime for the burgeoning industry something its critics have long advocated and raising pressure on the government to set rules in the market.

Airbnb's budget proposal to the House of Commons finance committee asks the federal Liberals to avoid forcing "old and outdated rules" for traditional hotels onto Airbnb hosts, pushing instead for a simple-to-understand regime.

Thursday, August 16, 2018 | 02:35 PM

Trump wants federal suit against opioid manufacturers

WASHINGTON - President Donald Trump is asking Attorney General Jeff Sessions to file a federal lawsuit against certain companies that supply and manufacture opioids.

Speaking during a Cabinet meeting Thursday, Trump said he's directing Sessions to file a separate lawsuit, rather than joining existing lawsuits filed by states affected by the spread of the often-lethal, highly-addictive drugs.

Thursday, August 16, 2018 | 02:22 PM

Alberta utility's late reporting of 2015 PCB spill earns hefty fine

HINTON, Alta. - The electrical utility FortisAlberta has been fined $300,000 for a spill of potentially dangerous polychlorinated biphenyls, or PCBs, in west-central Alberta nearly three years ago.

Environment and Climate Change Canada says in a release that a provincial court judge ordered the fine Wednesday after the company pleaded guilty to two charges of violating federal regulations.

Thursday, August 16, 2018 | 02:16 PM

Chinese vice governor, mayor fired over vaccine scandal

BEIJING - A Chinese provincial deputy governor and the mayor of a major city were fired Thursday as the ruling Communist Party tried to defuse public outrage over revelations of misconduct by a major vaccine producer.

The officials were among four people ordered dismissed following a meeting of the party's ruling Standing Committee led by President Xi Jinping. It ordered a criminal investigation of a fifth official, a former national drug regulator.

Thursday, August 16, 2018 | 02:16 PM

B.C. wildfire emergency prompts re-booking options from Air Canada, WestJet

WestJet and Air Canada are offering more flexible flight options for passengers booked to fly in or out of some cities in B.C., where hundreds of wildfires have sparked a state of emergency.

WestJet passengers scheduled to travel to or from Kamloops, Kelowna, Penticton, Prince George or Terrace until Aug. 22 can cancel or rebook their flights without a penalty fee, the Calgary-based airline said Thursday.

Thursday, August 16, 2018 | 01:57 PM