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National Business
Creditors approve Metroland restructuring proposal following announced job cuts
TORONTO — Creditors of Metroland Media Group have voted to approve the company's restructuring proposal after the newspaper chain announced cuts to 60 per cent of its workforce earlier this year.
Dec 11, 2023 4:33 PM
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Stock market today: Wall Street ends higher ahead of the final Federal Reserve meeting of the year
NEW YORK — Stocks closed higher on Wall Street ahead of the Federal Reserve’s last meeting of the year. The S&P 500 rose 0.4% Monday. The Nasdaq composite rose 0.2% and the Dow Jones Industrial Average added 0.4%.
Dec 11, 2023 4:11 PM
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Coastal GasLink seeking $1.2B from contractor; alleges poor performance
CALGARY — The company behind the Coastal GasLink pipeline is pursuing $1.2 billion in cost recoveries from one of its contractors. TC Energy Corp. terminated a contract with Pacific Atlantic Pipeline Construction last year, alleging poor performance.
Dec 11, 2023 4:09 PM
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Donald Tusk becomes Poland's prime minister with the mission of improving European Union ties
WARSAW, Poland (AP) — Donald Tusk , a leader of a centrist party, returned as Poland's prime minister for the first time in nearly a decade after a vote in parliament on Monday, paving the way for a new pro-European Union government following eight y
Dec 11, 2023 3:29 PM
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Vince Tyra to become Gildan CEO after Glenn Chamandy says he was terminated
After 40 years with Gildan Activewear Inc. and nearly 20 as president and chief executive, Glenn Chamandy said he's been terminated without cause.
Dec 11, 2023 3:13 PM
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Missed opportunity or dodged bullet? What Ohtani's L.A. pick means for Rogers
TORONTO — While baseball star Shohei Ohtani's decision not to sign with the Toronto Blue Jays over the weekend has left fans wondering what might have been, one sports economist says team owner Rogers Communications Inc.
Dec 11, 2023 2:19 PM
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Manulife signs reinsurance deal with Global Atlantic, plans to buy back shares
TORONTO — Manulife Financial Corp. has signed a reinsurance deal with Global Atlantic that it says will free up $1.2 billion in capital that it plans to use to buy back shares.
Dec 11, 2023 1:54 PM
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BlackBerry names new CEO, calls off plans for IPO of Internet of Things business
BlackBerry Ltd. has promoted John Giamatteo to chief executive and called off plans for an initial public offering of its Internet of Things business, but still plans to split its operations.
Dec 11, 2023 11:39 AM
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Waste Connections buying $1.08B in assets from Secure Energy Services
TORONTO — Waste Connections Inc. has signed a deal to buy a portfolio of 30 energy waste treatment and disposal facilities in Western Canada from Secure Energy Services Inc. for nearly $1.08 billion.
Dec 11, 2023 11:12 AM
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TD Bank names Ray Chun as new group head of Canadian personal banking
TORONTO — TD Bank Group has named Ray Chun as its new group head for Canadian personal banking. The move came after the bank announced that Michael Rhodes, who had held the job, was leaving TD to pursue an opportunity at another organization.
Dec 11, 2023 9:52 AM
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