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Business News Summary Headlines

Company releases, economic news, and business coverage.

The Gap steps into the men's athleisure game

NEW YORK - The Gap is stepping in to the men's athleisure wear game, which has exploded in recent years.

The clothes are intended to be formal enough to wear to the office, at least on casual Friday, and suitable for the gym or yoga studio directly afterward.

Thursday, September 20, 2018 | 02:57 PM

Rogers Communications, UBC partner to build 5G innovation hub on campus

VANCOUVER - Rogers Communications Inc. has partnered with the University of British Columbia to build a campus hub for 5G innovation.

The telecommunications company says it will deploy 5G-ready network equipment on the campus early next year.

Thursday, September 20, 2018 | 02:10 PM

Attack leaves three dead, several injured at Continental Gold site in Colombia

TORONTO - Continental Gold Inc. is mourning the deaths of workers in Colombia for the second time in two weeks after a residence that housed exploration geologists and contractors was attacked overnight.

Three Colombian workers were killed and several others were injured after the incident in the village of Ochali within the boundaries of its Berlin exploration project.

Thursday, September 20, 2018 | 01:01 PM

EU, UK fail to resolve border row as Brexit deadline looms

SALZBURG, Austria - Britain and its European Union partners failed on Thursday to secure a breakthrough in Brexit talks, largely because of seemingly intractable divisions over the best way to avoid a hard border on the island of Ireland and how to deal with future trade.

With Britain's departure from the EU on March 29, 2019, looming, there are growing concerns that a deal on the post-Brexit relationship may not be cobbled together in time to ensure a smooth and orderly British exit.

Thursday, September 20, 2018 | 12:18 PM

Torstar Corp. buying Ottawa-based political news website iPolitics Inc.

TORONTO - The company that owns the Toronto Star newspaper has signed a deal to buy iPolitics Inc., an Ottawa-based digital political news service.

Financial terms of the deal were not immediately available.

Thursday, September 20, 2018 | 12:13 PM

Under Armour cuts 400 jobs as it streamlines

BALTIMORE - Under Armour will cut about 400 jobs, part of a restructuring that the sports gear maker announced earlier this year.

The Baltimore company actually began a streamlining last year after explosive sales growth tailed off. That cooling was experienced by Nike as well, with active lifestyle brands like Lululemon luring more consumer dollars while those selling gear for organized sports lost some momentum.

Thursday, September 20, 2018 | 11:32 AM

Digital version of classical pianist Glenn Gould set to tour with live orchestra

TORONTO - The late classical pianist Glenn Gould is returning to stages in digital form as part of a new deal struck with his estate.

The acclaimed Canadian performer, who died in 1982, will be resurrected as part of an optical illusion that performs alongside a live orchestra.

Thursday, September 20, 2018 | 11:25 AM

Nova Scotia issues permit for new tidal energy project in Bay of Fundy

HALIFAX - The Nova Scotia government is moving ahead with a project that aims to harness the immense power of the Bay of Fundy's tides, despite the uncertain future of the Cape Sharp Tidal venture.

The Department of Energy and Mines has issued a marine renewable energy permit to Black Rock Tidal Power allowing it to test a 280-kilowatt floating platform for up to six months.

Thursday, September 20, 2018 | 11:20 AM

Average US mortgage rates rise; 30-year at 4.65 per cent

WASHINGTON - Long-term U.S. mortgage rates are up for the fourth consecutive week, with the key 30-year rate reaching its highest level since May.

Costs for would-be homebuyers continue to climb. Mortgage buyer Freddie Mac said Thursday that the average rate on 30-year, fixed-rate mortgages jumped to 4.65 per cent, from 4.60 per cent last week. The average rate has increased from 3.83 per cent a year ago.

Thursday, September 20, 2018 | 11:17 AM

Vancouver councillors move ahead with policy for duplexes on detached home lots

Vancouver councillors have ended two days of public hearings by voting to allow duplexes in most city neighbourhoods currently restricted to single-family homes.

Mayor Gregor Robertson says the decision is another step toward adding homes in the city for the so-called "missing middle," which includes young families pushed out of Vancouver by soaring property prices.

Thursday, September 20, 2018 | 10:23 AM