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National Business
National Business
Restaurants usher in higher prices, smaller portion sizes as costs rise, report says
TORONTO — Restaurants in Canada are raising prices, shrinking menus and reducing hours in a bid to survive inflation and labour shortages, a new report says.
Sep 16, 2022 12:59 PM
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Hotels to rebound to pre-pandemic revenues in 2023, two years ahead of forecast: CBRE
TORONTO — Real estate firm CBRE says Canadian hotels will return to pre-pandemic revenues next year, two years ahead of its previous forecast.
Sep 16, 2022 12:09 PM
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CUPW files unfair labour practices complaint with OLRB against Uber
The Canadian Union of Postal Workers (CUPW) is taking its criticism of Uber Technologies Inc.
Sep 16, 2022 10:54 AM
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Billionaire and philanthropist Michael DeGroote dies at 89
Billionaire, entrepreneur and philanthropist Michael DeGroote died earlier this week, almost a month after his 89th birthday. DeGroote was well known for his contributions to Hamilton, Ont.
Sep 16, 2022 10:45 AM
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Pentwater Capital Management increases stake in Turquoise Hill Resources
TORONTO — Pentwater Capital Management LP says it has increased its stake in Turquoise Hill Resources Ltd. to 13.77 per cent.
Sep 16, 2022 10:40 AM
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CMHC reports annual rate of housing starts in August down from July
OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts in August slowed compared with July.
Sep 16, 2022 10:40 AM
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After climate bill passage, WVa natural gas plant unveiled
CHARLESTON, W.Va. (AP) — A Maryland company announced Friday it will build a natural gas power plant designed to capture climate-changing carbon in northern West Virginia.
Sep 16, 2022 10:12 AM
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Statistics Canada says wholesale sales down 0.6 per cent at $80.2B in July
OTTAWA — Statistics Canada says wholesale sales fell 0.6 per cent in July to $80.2 billion, led by a drop in the personal and household goods subsector.
Sep 16, 2022 7:06 AM
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Agnico Eagle signs deal to partner with Teck on mine in Mexico
VANCOUVER — Agnico Eagle Mines Ltd. has signed a deal with Teck Resources Ltd. to take a 50 per cent stake in a copper-zinc project in Mexico for US$580 million.
Sep 16, 2022 6:52 AM
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Germany takes control of 3 Russian-owned oil refineries
BERLIN (AP) — Germany is taking control of three Russian-owned refineries in the country to ensure energy security before an embargo on oil from Russia takes effect next year, officials said Friday.
Sep 15, 2022 11:13 PM
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