Business

Once a powerful symbol in Russia, McDonald’s withdraws

Once a powerful symbol in Russia, McDonald’s withdraws

Energy stocks lead broad rally to lift S&P/TSX composite up for second straight day

Energy stocks lead broad rally to lift S&P/TSX composite up for second straight day

Houses for sale in a new subdivision in Airdrie, Alta., Friday, Jan. 28, 2022. The Canadian Real Estate Association says the pace of home sales fell in April as mortgage rates moved higher. THE CANADIAN PRESS/Jeff McIntosh

CREA reports home sales down in April as mortgage rates rise

Number of homes sold dropped by 25.7 per cent to 54,894 last month from 73,907 in April 2021

Houses for sale in a new subdivision in Airdrie, Alta., Friday, Jan. 28, 2022. The Canadian Real Estate Association says the pace of home sales fell in April as mortgage rates moved higher. THE CANADIAN PRESS/Jeff McIntosh
A worker organizes chairs and tables on the patio of a restaurant on College St., Toronto, Thursday, October 28, 2021. Restaurants across Canada are cutting back hours and tightening up menus as persistent labour shortages and spiking costs threaten to derail the industry's comeback from crushing pandemic restrictions.THE CANADIAN PRESS/Eduardo Lima

‘We just don’t have enough workers:’ Restaurants rocked by labour shortage, inflation

When a fried chicken chain opened its first location in Atlantic Canada,…

A worker organizes chairs and tables on the patio of a restaurant on College St., Toronto, Thursday, October 28, 2021. Restaurants across Canada are cutting back hours and tightening up menus as persistent labour shortages and spiking costs threaten to derail the industry's comeback from crushing pandemic restrictions.THE CANADIAN PRESS/Eduardo Lima
A house that sold for more more than the listing price in West-end Toronto, Sunday, April 24, 2022. The Canadian Real Estate Association is expected to release its latest figures for home sales on Monday when the Canada Mortgage and Housing Corp. is also set to release its April figures for housing starts. THE CANADIAN PRESS/Graeme Roy

Five things to watch for in the Canadian business world in the coming week

TORONTO — Five things to watch for in the Canadian business world…

A house that sold for more more than the listing price in West-end Toronto, Sunday, April 24, 2022. The Canadian Real Estate Association is expected to release its latest figures for home sales on Monday when the Canada Mortgage and Housing Corp. is also set to release its April figures for housing starts. THE CANADIAN PRESS/Graeme Roy
FILE - CEO Elon Musk departs from the justice center in Wilmington, Del., Tuesday, July 13, 2021. Musk says his planned $44 billion purchase of Twitter is "temporarily on hold" pending details on spam and fake accounts on the social media platform. The announcement that the Tesla billionaire tweeted Friday, May 13, 2022 is another twist amid signs of internal turmoil over his planned buyout of Twitter. (AP Photo/Matt Rourke, File)

As Musk buyout looms, Twitter searches for its soul

SAN FRANCISCO — A toxic cesspool. A lifeline. A finger on the…

FILE - CEO Elon Musk departs from the justice center in Wilmington, Del., Tuesday, July 13, 2021. Musk says his planned $44 billion purchase of Twitter is "temporarily on hold" pending details on spam and fake accounts on the social media platform. The announcement that the Tesla billionaire tweeted Friday, May 13, 2022 is another twist amid signs of internal turmoil over his planned buyout of Twitter. (AP Photo/Matt Rourke, File)
A sign board displays the TSX level outside the Richmond Adelaide Centre in the financial district in Toronto on Wednesday, September 29, 2021. THE CANADIAN PRESS/Evan Buhler

S&P/TSX composite closes up 400 points in broad-based rally

S&P/TSX composite closes up 400 points in broad-based rally

A sign board displays the TSX level outside the Richmond Adelaide Centre in the financial district in Toronto on Wednesday, September 29, 2021. THE CANADIAN PRESS/Evan Buhler
Rogers and Shaw applications are pictured on a cellphone in Ottawa on Monday, May 9, 2022.THE CANADIAN PRESS/Sean Kilpatrick

Bolder action needed on telco competition say industry watchers

Bolder action needed on telco competition say industry watchers

Rogers and Shaw applications are pictured on a cellphone in Ottawa on Monday, May 9, 2022.THE CANADIAN PRESS/Sean Kilpatrick
Customers buy popcorn at a Cineplex theatre in downtown Toronto on Wednesday, Aug. 26, 2020. Cineplex Inc. reported a first-quarter loss of $42.2 million in its latest quarter as its revenue soared with customers returning to movie theatres. THE CANADIAN PRESS/Christopher Katsarov

Cineplex reports Q1 loss as revenue soars with customers returning to theatres

Cineplex reports Q1 loss as revenue soars with customers returning to theatres

Customers buy popcorn at a Cineplex theatre in downtown Toronto on Wednesday, Aug. 26, 2020. Cineplex Inc. reported a first-quarter loss of $42.2 million in its latest quarter as its revenue soared with customers returning to movie theatres. THE CANADIAN PRESS/Christopher Katsarov
CRTC Chair Ian Scott is seen in Gatineau, Que., Tuesday February 18, 2020. The broadcasting regulator the CRTC says its chair and broadcasting vice chair, are to be replaced within months and Canadian Heritage is now accepting applications for the roles. THE CANADIAN PRESS/Adrian Wyld

CRTC to get new chair as role of broadcast regulator expands

CRTC to get new chair as role of broadcast regulator expands

CRTC Chair Ian Scott is seen in Gatineau, Que., Tuesday February 18, 2020. The broadcasting regulator the CRTC says its chair and broadcasting vice chair, are to be replaced within months and Canadian Heritage is now accepting applications for the roles. THE CANADIAN PRESS/Adrian Wyld
FILE - The Twitter application is seen on a digital device, Monday, April 25, 2022, in San Diego. Shares of Tesla and Twitter have tumbled this week as investors deal with the fallout and potential legal issues surrounding Tesla CEO Elon Musk and his $44 billion bid to buy the social media platform. Of the two, Musk's electric vehicle company has fared worse, with its stock down almost 16% so far this week to $728. (AP Photo/Gregory Bull, File)

Musk puts Twitter buy ‘on hold,’ casting doubt on $44B deal

Musk puts Twitter buy ‘on hold,’ casting doubt on $44B deal

FILE - The Twitter application is seen on a digital device, Monday, April 25, 2022, in San Diego. Shares of Tesla and Twitter have tumbled this week as investors deal with the fallout and potential legal issues surrounding Tesla CEO Elon Musk and his $44 billion bid to buy the social media platform. Of the two, Musk's electric vehicle company has fared worse, with its stock down almost 16% so far this week to $728. (AP Photo/Gregory Bull, File)
A sign displays the price of a litre of regular grade gasoline at an Esso gas station in Vancouver, on Tuesday, March 8, 2022. THE CANADIAN PRESS/Darryl Dyck

How to get better mileage, save on your next tank as gas prices rise

Daily average retail price for gas across Canada hit an all-time high of $197.4 per litre Tuesday

A sign displays the price of a litre of regular grade gasoline at an Esso gas station in Vancouver, on Tuesday, March 8, 2022. THE CANADIAN PRESS/Darryl Dyck

S&P/TSX composite continues its slide into bear market territory

S&P/TSX composite continues its slide into bear market territory

Canadian Tire uses customer data from loyalty rewards program to boost sales

Canadian Tire uses customer data from loyalty rewards program to boost sales

BoC’s Gravelle says “perfect storm” fueling inflation, but key differences from ’70s

BoC’s Gravelle says “perfect storm” fueling inflation, but key differences from ’70s

People travel at Pearson International Airport during the COVID-19 pandemic in Toronto, Friday, Dec. 3, 2021. The country's largest flight attendant union says members are effectively forced to work for free amid growing tarmac delays. THE CANADIAN PRESS/Nathan Denette

Airport delays effectively forcing flight attendants to work for free: Union

Airport delays effectively forcing flight attendants to work for free: Union

People travel at Pearson International Airport during the COVID-19 pandemic in Toronto, Friday, Dec. 3, 2021. The country's largest flight attendant union says members are effectively forced to work for free amid growing tarmac delays. THE CANADIAN PRESS/Nathan Denette
Cannabis seedlings at the new Aurora Cannabis facilty Friday, November 24, 2017 in Montreal. THE CANADIAN PRESS/Ryan Remiorz

Aurora Cannabis posts $1-billion net loss in Q3 on impairment charges, lower revenue

Aurora Cannabis posts $1-billion net loss in Q3 on impairment charges, lower revenue

Cannabis seedlings at the new Aurora Cannabis facilty Friday, November 24, 2017 in Montreal. THE CANADIAN PRESS/Ryan Remiorz

Ottawa approves new $10B loan guarantee for the Trans Mountain pipeline project

Ottawa approves new $10B loan guarantee for the Trans Mountain pipeline project

Canadians hold nose at gas prices as they hit the road, skies once again

Canadians hold nose at gas prices as they hit the road, skies once again

S&P/TSX down slightly, U.S. markets fall after latest inflation data

S&P/TSX down slightly, U.S. markets fall after latest inflation data