Business News Summary Headlines

Company releases, economic news, and business coverage.

Fertilizer firm Nutrien forecasts 2020 agriculture rebound after tough Q4

CALGARY - A rebound in global agricultural markets is expected to drive better returns this year after a difficult fourth quarter for fertilizer company Nutrien Ltd., its CEO said Thursday.

The last three months of 2019 featured ongoing challenges including geopolitical issues and short-term weather anomalies, said Chuck Magro on a conference call to discuss the Saskatoon-based company's financial results.

Wednesday, February 19, 2020 | 02:19 PM

Burger King breaks the mould with new advertising campaign

Burger King is breaking the mould in its new advertising campaign.

The burger chain is portraying its Whopper covered in mould in print and TV ads running in Europe and the U.S. The message: Burger King is removing artificial preservatives from its signature burger.

Wednesday, February 19, 2020 | 01:56 PM

A heavyweight fight so big it took two TV networks to show

LAS VEGAS - To hear the fighters talk, the heavyweight title fight Saturday night between Deontay Wilder and Tyson Fury is so big it took two TV networks to make it happen.

Thatís only partially true, though it might be forgiven. This is boxing, after all, and a bit of hyperbole goes a long way toward selling a fight.

Wednesday, February 19, 2020 | 01:42 PM

Inflation rises again, hitting 2.4 per cent in January, Statistics Canada says

OTTAWA - The annual pace of inflation jumped last month to 2.4 per cent, its fastest rate in almost two years, fuelled by higher costs at the gas pump, pricey tomatoes and a rare surge in clothing costs.

The move compared with a year-over-year increase of 2.2 per cent in December, and topped the 2.3 per cent economists predicted for January in a poll by financial markets data firm Refinitiv.

Wednesday, February 19, 2020 | 01:34 PM

Small business owners demand an end to rail blockades, warn of consequences

MONTREAL - The Canadian Federation of Independent Business has sent a letter to Prime Minister Justin Trudeau warning of dire consequences if blockades that have disrupted rail service across the country continue.

CFIB head Dan Kelly is calling on Ottawa to work with the provinces and law enforcement to get trains back on the tracks as protests in support of Wet'suwet'en hereditary chiefs who oppose a natural gas pipeline in British Columbia enter their 14th day.

Wednesday, February 19, 2020 | 12:56 PM

Carbon risk for Alberta's public pension manager AIMCo questioned

EDMONTON - Alberta's largest labour organization says public-service pensions are being used to prop up the province's struggling fossil fuels industry at a time when many large investment funds are moving away from the sector.

"We're afraid they're going to use our pension savings to fund a political agenda rather than invest those funds in a way that's responsible," said Gil McGowan, president of the Alberta Federation of Labour.

Wednesday, February 19, 2020 | 11:20 AM

Alimentation Couche-Tard faces rival bidder for Australian company Caltex

MONTREAL - Alimentation Couche-Tard Inc. is facing a rival bidder for Caltex Australia Ltd.

Australia's largest retail fuel and convenience chain says EG Group Ltd. has made a takeover offer for the company.

Wednesday, February 19, 2020 | 11:14 AM

In the spirit of Whitney: Houston Hologram tour set to begin

BURBANK, Calif. - Whitney Houston is about to appear on the concert stage again.

Eight years after her death, a holographic Houston will embark on a European tour that starts in England on Feb. 25 and runs through early April, with U.S. dates expected to follow.

Wednesday, February 19, 2020 | 10:18 AM

US wholesale prices up 0.5% in January, most since late 2018

WASHINGTON - U.S. producer prices climbed last month at fastest pace since October 2018 as higher prices for services more than offset a drop in the cost of energy.

The Labor Department said Wednesday that its producer price index, which measures inflationary pressures before they reach the consumer, jumped 0.5% in January after rising 0.2% in December. The monthly increase was much bigger than economists expected.

Wednesday, February 19, 2020 | 09:05 AM

Here's a list of January inflation rates for selected Canadian cities

OTTAWA - Canada's national annual inflation rate was 2.4 per cent in January, Statistics Canada says. The agency also released rates for major cities, but cautioned that figures may have fluctuated widely because they are based on small statistical samples (previous month in brackets):

ó St. John's, N.L.: per cent 2.1 (1.8)

Wednesday, February 19, 2020 | 08:56 AM