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National Business
National Business
Siemens Canada workers will get a special $1,550 bonus for extra work during COVID-19
OAKVILLE, Ont. — Siemens Canada says that it will pay out $3.4 million in one-time bonuses to Canadian workers in appreciation of their extra work during the COVID-19 pandemic.
Dec 11, 2020 1:20 PM
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Halifax airport requests relief from creditors amid low travel demand
In the latest sign of financial trouble facing the airline industry, Halifax's airport operator has asked its creditors for leniency in meeting its debt obligations.
Dec 11, 2020 1:04 PM
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Rocky Mountain Dealerships bumps up go-private offer price after investor meetings
CALGARY — Rocky Mountain Dealerships Inc. says the cash price being offered for its shares under a go-private transaction led by its chairman and CEO is being enriched by about six per cent.
Dec 11, 2020 11:13 AM
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Disney Plus to hike monthly price by $3 in Canada, introduces new Star service
TORONTO — Disney Plus is raising the price of its monthly subscription by $3 in Canada next year, but the hike will come with the addition of a new portal of entertainment.
Dec 11, 2020 11:10 AM
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Household debt ratio rises to 170.7 per cent, StatCan says
Canadian households owed an average of $1.71 for every dollar of disposable income in the third quarter, Statistics Canada said on Friday. In other words, Statistics Canada said, household debt as a percentage of disposable income rose to 170.
Dec 11, 2020 10:58 AM
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Inflation still a no-show, US wholesale prices up just 0.1%
WASHINGTON — U.S. wholesale prices edged up just 0.1% in November with the economic disruption from the pandemic continuing to suppress demand and keeping inflation at extremely low levels.
Dec 11, 2020 10:17 AM
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Disney unveils plans to stream a galaxy of new series, films
NEW YORK — The Walt Disney Co.’s streaming plans shifted into hyper speed Thursday, as the studio unveiled a galaxy’s worth of new streaming offerings including plans for 10 “Star Wars” series spinoffs and 10 Marvel series that will debut on Disney+.
Dec 11, 2020 9:52 AM
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Inter Pipeline announces $1 billion spending plan
CALGARY — Inter Pipeline Ltd. says it will shell out $1 billion in capital expenditures in 2021 as it pushes to finish its petrochemical plant.
Dec 11, 2020 8:19 AM
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Lululemon beats expectations as Q3 profits increase 14 per cent to US$143.6 million
VANCOUVER — Lululemon Athletica Inc. beat expectations as its net profit increased 14 per cent to US$143.6 million in the third quarter on higher revenues. The Vancouver-based clothing retailer, which reports in U.S. dollars, earned $1.
Dec 10, 2020 5:58 PM
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US budget deficit up 25.1% in first 2 months of budget year
WASHINGTON — The U.S. government's deficit in the first two months of the budget year ran 25.1% higher than the same period a year ago as spending to deal with the COVID pandemic soared while tax revenues fell.
Dec 10, 2020 5:58 PM
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