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National Business

Surge in airline complaints to national regulator creates delays, backlog

Surge in airline complaints to national regulator creates delays, backlog

The Canadian Transportation Agency says it has received more than 8,000 complaints about airlines since mid-March, an unprecedented figure for the five-and-a-half-month period that has created a massive backlog, delaying the watchdog's response time.
Tesla announces plans to sell up to $5B in new stock shares

Tesla announces plans to sell up to $5B in new stock shares

DETROIT — A day after its 5-for-1 stock split took effect, Tesla announced plans Tuesday to sell up to $5 billion worth of common shares.
Auto sales recovery plateaus in August, with fewer sales than last summer

Auto sales recovery plateaus in August, with fewer sales than last summer

TORONTO — New data says Canadians bought 8.9 per cent fewer automobiles this August compared with a year ago. DesRosiers Automotive Consultants Inc.
Technology sector propels stock markets to positive start to September

Technology sector propels stock markets to positive start to September

TORONTO — The technology sector propelled North American stock markets to a positive start to September with Shopify Inc. hitting a record high on the TSX. Canada's largest company by market capitalization surged 6.
New supportive housing coming for homeless in Vancouver, province and city say

New supportive housing coming for homeless in Vancouver, province and city say

VANCOUVER — The B.C. government and City of Vancouver are partnering to build 450 new supportive homes for people experiencing homelessness.
15 years later, Walmart to launch its answer to Amazon Prime

15 years later, Walmart to launch its answer to Amazon Prime

NEW YORK — Walmart is launching a new membership service that it hopes can compete with Amazon Prime. Called Walmart+, it will cost $98 a year, or $12.
Survey: US factories grow in August for third straight month

Survey: US factories grow in August for third straight month

WASHINGTON — American factories expanded last month at the fastest pace since late 2018, continuing a rebound from the coronavirus recession.

Crescent Point shares jump on restored oil production and increased guidance

CALGARY — Shares in Crescent Point Energy Corp. rose Tuesday as investors and analysts applauded its decision to restart oil and gas production shut down when energy prices crashed earlier this year.
EU resumes probe into Air Canada-Transat deal amid ongoing competition concerns

EU resumes probe into Air Canada-Transat deal amid ongoing competition concerns

MONTREAL — European regulatory authorities have resumed their investigation into Air Canada's proposed purchase of Transat AT, giving themselves a few more months to hand down a decision.
September rent due as small businesses face holes in government support

September rent due as small businesses face holes in government support

TORONTO — With rent coming due for another month, Ginger Robertson's daily walk through Toronto's Danforth neighbourhood is increasingly filled with empty storefronts.
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