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National Business
Pet Valu posts lower profit as company sets sights on up to 50 new stores
Pet Valu Holdings Ltd. is looking to open 40 to 50 new stores this year as it looks to capitalize on the surge in adoption of furry companions during the pandemic.
May 9, 2023 4:44 PM
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S&P/TSX composite closes flat Tuesday, U.S. markets move lower
TORONTO — Canada's main stock index was flat Tuesday, reversing minor losses from earlier in the day, while U.S. markets moved lower. The S&P/TSX composite index was up 0.58 points at 20,585.73.
May 9, 2023 4:36 PM
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Hudson's Bay cutting 250 corporate jobs amid efforts to 'flatten' company
Hudson's Bay is laying off another 250 workers, the second round of cutbacks this year, the company said Tuesday, bringing the total number of employees laid off this year to about 500. The Canadian retail arm of Hudson's Bay Co.
May 9, 2023 4:28 PM
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SNC-Lavalin stock soars as it looks to U.S. for growth, and M&As — eventually
MONTREAL — SNC-Lavalin Group Inc. sees the United States as ripe with growth potential in energy and infrastructure, key areas that helped the company swing to a profit last quarter — and sent its stock skyward.
May 9, 2023 4:27 PM
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New Suncor CEO Kruger focused on cost-cutting, will 'play to win'
CALGARY — The new top boss at Suncor Energy Inc. says he will be sharply focused on cost-cutting as he embarks on the task of improving performance at the oilsands giant.
May 9, 2023 4:18 PM
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Stock market today: Wall Street dips amid quiet trading
NEW YORK (AP) — Wall Street edged lower following some mixed earnings reports, as stocks remain roughly where they’ve been stuck for more than a month. The S&P 500 fell 0.5% Tuesday, and the Dow Jones Industrial Average lost 56 points, or 0.2%.
May 9, 2023 4:04 PM
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Chorus Aviation jacks up profits in Q1, pays down sizable debt
HALIFAX — Chorus Aviation Inc. says profits last quarter rose 40 per cent year over year, allowing it to pay down part of its hefty debt as the travel industry begins to regain its purchase.
May 9, 2023 3:07 PM
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Canada-China spat could affect businesses, but Canadian reputation strong: Experts
Souring relations between Ottawa and Beijing could affect Canadian companies in China, potentially tarnishing the appeal of Canadian brands for some Chinese consumers, experts said on Tuesday.
May 9, 2023 3:05 PM
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US regulators OK spent nuclear fuel facility in New Mexico
ALBUQUERQUE, N.M. (AP) — U.S. nuclear regulators have licensed a multibillion-dollar complex to temporarily store tons of spent fuel in New Mexico from commercial nuclear power plants around the nation.
May 9, 2023 2:38 PM
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Portion of Coastal GasLink construction paused over erosion, sediment control issues
CALGARY — TC Energy Corp. says it has proactively halted construction on a 20-km stretch of its Coastal GasLink project over concerns about erosion and sediment control.
May 9, 2023 2:35 PM
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