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National Business
Gold partially offsets the pain from invasion fears that led stock markets lower
TORONTO — Renewed fears about an impending invasion of Ukraine by Russia sent North American stock markets lower, but rising gold prices partially offset the pain on Canada's main stock index even as it lost all gains so far in 2022.
Feb 17, 2022 2:13 PM
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Canadian Tire orders inventory early, charters cargo ships to keep shelves stocked
Canadian Tire Corp. Ltd. is ordering spring and summer products early and chartering its own cargo ships to import goods as it doubles down on an inventory strategy that's buoyed the retailer through the pandemic.
Feb 17, 2022 12:19 PM
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Saudi Arabia keeps lid on oil output as US gas prices rise
DUBAI, United Arab Emirates (AP) — Saudi Arabia is signaling it isn't willing to pump more oil and won't push for changes to an agreement with Russia and other producers that has kept a lid on oil production levels.
Feb 17, 2022 11:14 AM
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Omicron will hurt this quarter, but demand is returning, says Chorus CEO
The head of Chorus Aviation Inc. says he expects flying activity will move closer to pre-pandemic levels in the second quarter, despite being thrown off course by the Omicron variant over the past two months.
Feb 17, 2022 10:25 AM
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MTY Group swings to 2021 profit as Q4 earnings jump 24% despite restaurant closures
MONTREAL — MTY Food Group Inc. swung to a profit last year as fourth-quarter earnings jumped 24 per cent despite government-mandated restaurant closures.
Feb 17, 2022 9:28 AM
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Canfor Pulp Products curtailing production at Taylor Pulp for at least six weeks
VANCOUVER — Canfor Pulp Products Inc. is curtailing production at its Taylor Pulp mill in B.C. for a minimum of six weeks due to transportation problems that have hurt its ability to ship product.
Feb 17, 2022 9:20 AM
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Weekly US jobless claims rise for the first time in a month
WASHINGTON (AP) — More Americans applied for employment benefits last week following three straight weeks of declines. Jobless claims rose by 23,000 to 248,000 last week, the Labor Department reported Thursday.
Feb 17, 2022 5:41 AM
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Wattpad CEO wants machine learning, monetization to play bigger role in company
TORONTO — When Wattpad Corp.’s co-founder thinks about the future of his tech company, he envisions using machine learning and data to tweak stories that will be streamed on car entertainment systems or through voice assistants like Alexa and Siri.
Feb 17, 2022 5:00 AM
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Japan eases border controls amid criticism as exclusionist
TOKYO (AP) — Japan announced Thursday it will ease its tough COVID-19 border controls by increasing the number of people allowed to enter each day and reduce quarantine requirements following criticism that its current policy is unscientific and xeno
Feb 17, 2022 2:39 AM
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FAA head resigns after effort to rebuild agency's reputation
The leader of the Federal Aviation Administration, whose agency has been criticized for its oversight of Boeing and handling of questions surrounding 5G interference with aircraft, said Wednesday he will step down March 31.
Feb 16, 2022 8:27 PM
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