Business

Canopy Growth Corp. says the aggregate gross proceeds from selling off its sports drink business total $30.4 million.  Company went into insolvency proceedings a few weeks ago. Canopy Growth Corp. says the aggregate gross proceeds from selling off its sports drink business total $30.4 million. The Smiths Falls, Ont., cannabis …

Metro Manila’s office occupancy rate improved to 80 percent in the third quarter of 2023 from 75 percent in the fourth quarter of 2022, property advisor Santos Knight Frank said Friday.  Bonifacio Global City and Makati continued to show the highest occupancy rates in Metro Manila at 89 percent and …

BMO Financial Group raised its dividend as it reported its fourth-quarter profit fell compared with a year ago.  Quarterly payout to shareholders rises from $1.47 to $1.51 from now on. BMO Financial Group raised its dividend as it reported its fourth-quarter profit fell compared with a year ago. The bank …

Three of Canada’s biggest lenders posted quarterly earnings on Thursday, and as was the case at Scotiabank earlier in the week, they’re all putting a lot more money aside to cover loans that potentially might go bad.  TD, CIBC eliminate thousands of jobs; RBC, Scotia previously announced similar layoffs. Latest  …

Canada’s economy added 25,000 new jobs in November, Statistics Canada reported Friday.  Jobless rate ticks up to 5.8%. Canada’s economy added 25,000 new jobs in November, Statistics Canada reported Friday.  Despite the slight increase in jobs, the unemployment rate inched up to 5.8 per cent as more people were looking …

Canada’s economy shrank in the three months up to September, as household spending was flat and exports declined.  Upward revision of numbers for previous quarter now show growth. Canada’s economy shrank in the three months up to September, as household spending was flat and exports declined. Statistics Canada reported Thursday …

Google and the federal government have reached an agreement in their dispute over the Online News Act that would see Google continue to share Canadian news online in return for the company making annual payments to news companies in the range of $100 million.  Agreement comes 3 weeks before Online …

Executives and senior leaders from Canada’s oil and gas sector are heading to Dubai for the upcoming United Nations climate talks, eager to tell the world they are doing what they can to reduce greenhouse gas emissions.  Fossil fuel industry will have position of prominence at this year’s climate summit. …

General Motors said it is pumping the brakes a little on its plans for electric vehicles and self-driving cars as new labour deals signed with unions in the U.S. and Canada will cost it almost $9.3 billion US.  Company will spend $10B on stock buybacks and boost its dividend by …

A Virgin Atlantic passenger jet flying from London to New York powered by 100 per cent sustainable aviation fuel took off Tuesday morning, as the aviation world seeks to showcase the potential of low-carbon options to secure its future.  Sustainable jet fuel accounts for less than 0.1% of global jet …