Business

Canada Post warns its financial situation is so grim it could run out of operating money in less than a year, citing declining revenue and increased competition from private delivery companies. Crown corporation could run out of money in less than a year, cites declining revenue and stiff competition. Canada …

TD Bank Group could be hit with a worst-case scenario in penalties says a banking analyst, after a report that the investigation it faces in the U.S. is tied to laundering illicit fentanyl profits. Bank could face worst-case scenario after report connects TD to illicit fentanyl profits. TD Bank Group …

Immigration Minister Marc Miller says international students will be able to work off-campus for up to 24 hours per week starting in September.  Government temporarily waived cap on work hours for international students during the pandemic. Immigration Minister Marc Miller says international students will be able to work off-campus for …

It was predicted that the all-self-checkout format would eventually become the norm. But, instead, several big box chains in Canada and the U.S. continue to ditch self-checkout machines at a number of their stores. Some experts and retailers say, in many cases, theft is the main culprit.  Giant Tiger store …

KUALA LUMPUR: Microsoft pledged a $2.2-billion investment in artificial intelligence (AI) and cloud computing in Malaysia on Thursday to help develop the country’s AI infrastructure. The tech giant’s Chief Executive Officer (CEO) Satya Nadella is on a three-nation tour of Southeast Asia ― Indonesia, Thailand and Malaysia ― to announce …

The U.S. Federal Reserve held interest rates steady on Wednesday and signaled it is still leaning toward eventual reductions in borrowing costs, but that cuts could be delayed as recent inflation numbers have strayed further from its two per cent target.  Some economists say U.S., Canada to diverge further on …

Loblaw Companies reported $13.58 billion in first-quarter revenue — a 4.5 per cent increase from a year earlier — on Wednesday morning, the same day that a group of frustrated shoppers said they would begin a month-long boycott of the grocery retailer.  Company says it’s ‘acutely aware’ that it has …

HONG KONG: Banking giant HSBC said on Tuesday that Chief Executive Officer (CEO) Noel Quinn would retire after overseeing a “successful transformation” of the firm and record profits during almost five years in charge. The surprise news came as the lender reported that pretax profits in the first quarter fell …

The Canadian economy grew 0.2 per cent in February, with gains made in transportation and warehousing, Statistics Canada said on Tuesday. January growth was helped by rebound after public sector strike ended in Quebec. The Canadian economy grew a modest 0.2 per cent in February, with early estimates for March …

As the urban centre at the heart of Canada’s oilsands industry, Fort McMurray has seen more than its share of ups and downs. Now, with the official opening of the Trans Mountain pipeline expansion just days away, those who live and work here hope their fortunes are once again headed …