Category: Business

Canadian e-commerce platform Shopify forecast its slowest quarterly revenue growth in two years against the backdrop of an uncertain economy and tepid consumer spending, sending its shares slumping about 20 per cent, on Wednesday. Its shares on the Toronto Stock Exchange hit their lowest in six months and the company was on track to lose $25 billion […]

The U.S. Federal Aviation Administration said Monday it has opened an investigation into Boeing after the beleaguered company reported that workers at a South Carolina plant falsified inspection records on certain 787 Dreamliner planes. Boeing said its engineers have determined that misconduct did not create “an immediate safety of flight issue.” In an email to […]

TikTok and its Chinese parent company, ByteDance, are suing the U.S. over a law that would ban the popular video-sharing app unless it’s sold to another company, arguing that it relies on vaguely painting it as a threat to national security to get around the First Amendment. The widely expected lawsuit filed on Tuesday may be setting […]

Canada’s Competition Bureau has opened a formal investigation into Lululemon’s environmental claims in its marketing campaigns, a spokesperson for the agency told CBC News on Monday. Marianne Blondin confirmed in an email that the Competition Bureau “has commenced an investigation under the Competition Act into the alleged deceptive marketing practices.” “There is no conclusion of wrongdoing at this time,” she wrote. “As the Bureau is […]

Hundreds of Nestle workers are off the job Monday after rejecting a tentative agreement the union reached with the chocolate maker. Unifor issued a statement saying its 461 members who work as machine operators, bar packers, shippers and receivers, general labourers and in the skilled trades at the Toronto Nestle plant chose to go on strike […]

For years, cable TV has bled viewers and subscribers to streaming giants like Netflix, Apple and Amazon. Now, those same companies are vying to stream live sports, one of the last lines of defence when it comes to audiences paying big bucks for traditional cable packages. AppleTV+ has a 10 year, multibillion-dollar deal to stream MLS soccer matches and also streams […]

After riding a red-hot economy to shrink deficits and grow surpluses, provincial governments across the country are beginning to see their finances flounder. Each province has released their budget for the upcoming year and collectively are facing higher spending and record-size debt. Alberta and New Brunswick are the only provinces to publish balanced budget projections compared […]

TD Bank Group could be hit with more severe penalties than previously expected, according to a banking analyst, after a report that the investigation it faces in the U.S. is tied to laundering illicit fentanyl profits. National Bank of Canada analyst Gabriel Dechaine said in a note that the worst-case scenario of the multiple U.S. investigations TD […]

WestJet has issued a 72-hour lockout notice to the union representing the Calgary-based airline’s mechanics. The notice paves the way for a work stoppage to begin on Tuesday. Last week, the Aircraft Mechanics Fraternal Association (AMFA), which represents the carrier’s aircraft maintenance engineers, announced that members would begin taking a strike vote on May 2. […]