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Business Canada

  • Storch has been the CEO of Toronto- based Hudson's Bay, which also operates the department store chain under its namesake, since January 2015. Hudson's Bay says it has retained an executive search firm to recruit a new CEO. The news comes after reportedly unsuccessful efforts this year to merge Hudson's Bay with department store operators Macy's Inc. and Neiman...

  • TORONTO, Oct 20- The Canadian dollar suffered its biggest drop in nine months against the greenback on Friday, after domestic data showing a drop in retail sales added to expectations that the Bank of Canada will leave interest rates on hold next week. Separate data showed that Canada's annual inflation rate increased to 1.6 percent in September from 1.4...

  • MONTREAL, Oct 20- Airbus SE expects to sell "thousands" of Bombardier Inc's new CSeries aircraft, capturing half the global market for smaller single-aisle commercial jets, Chief Executive Tom Enders said on Friday. Speaking at a business event in Montreal, he also said the lightweight, carbon-composite jets, which seat 110- to-130 people, would create new jobs in...

  • NEW YORK, Oct 20- New rules meant to cut out risky lending by banks in Canada are pushing home purchasers into the arms of unregulated lenders, the head of the nation's housing agency said on Friday, adding that steps could be taken to curb their growth. "Right now, the level of activity is relatively low, but we've created an incentive for it to be higher," CMHC Chief...

  • ISCHIA, Italy— The Group of Seven industrialized nations threw their support behind a new technology industry alliance aimed at detecting and blunting online propaganda, saying Friday it had a "major role" to play in combatting extremism on the internet. G7 interior ministers meeting in Italy invited representatives from Google, Microsoft, Facebook and...

  • OTTAWA, Oct 20- Canadian retail sales unexpectedly fell in August, pointing to a slowdown in growth after a hot first half of the year and bolstering expectations the Bank of Canada will refrain from hiking interest rates again next week. Analysts said the figures were in line with anticipated slower economic growth in the second half of the year after a strong...

  • A glass of champagne sits on a tray table in the cabin of a corporate jet on Tuesday, April 12, 2016.

    A Canadian man has reportedly filed a lawsuit against Sunwing Airlines after being served sparkling wine rather than Champagne.

  • SYDNEY/ WELLINGTON, Oct 20- Temporary workers and foreign students previously drawn to New Zealand on the promise of gaining residency will start leaving en masse, migration agents say, as the incoming coalition government promises to cut record migration. New Zealand had almost 122,000 international students in 2016, up 40 percent from three years earlier,...

  • "There is no better place to do business than Canada," Prime Minister Justin Trudeau said in an Oct. 13 letter to Amazon's Chief Executive Jeff Bezos, seen by Reuters. New Jersey proposed $7 billion in potential credits against state and city taxes if Amazon locates in Newark and sticks to hiring commitments, according to a news release from the governor's office...

  • --Connecticut glossed over its deepening financial problems and Hartford's potential municipal bankruptcy to push the Stamford and Hartford areas as ideal sites. --The Canadian cities of Toronto, Edmonton and Ottawa, as well as Hamilton, Halifax, Montreal, Sault Ste. Marie, Vancouver, and Windsor submitted bids, according to Reuters' reporting and local media...

  • *Canada's Rogers Communication flags weak iPhone 8 sales. The chief executive of Rogers Communication, Canada's largest mobile network, on Thursday said appetite for the iPhone 8 and 8 Plus, which went on sale in September, had been "anemic," the latest sign of weak sales for those phones ahead of the Nov. 3 launch of the pricier iPhone X. Verizon Communication Inc's...

  • DAR ES SALAAM/ TORONTO, Oct 19- Barrick Gold said on Thursday that its African subsidiary Acacia Mining would pay $300 million and split' economic benefits' from operations with Tanzania under a deal proposed to resolve a months-long dispute. Earlier on Thursday, Barrick Chairman John Thornton told a news conference in Dar es Salaam that the company had agreed to...

  • *Canada's Rogers Communication points to weak iPhone 8 sales. The chief executive of Canada's largest mobile network Rogers Communication said appetite for the iPhone 8 and 8 Plus had been "anemic", adding to a series of hints that sales had been poor ahead of the iPhone X launch on Nov. 3. But the debate- and hints from some analysts and a Taiwan media report of a cut in...

  • Backers of the Vancouver Energy project have given $370,000 in cash to support Kris Greene, who has expressed support for the terminal proposed at the Port of Vancouver, according to filings with the Washington Public Disclosure Commission. That represents the bulk of the cash he has raised in the Vancouver port commissioner's race. Tesoro Corp. and Savage...

  • Oct 19- Oilfield services giant Schlumberger Ltd sealed a deal to buy oil and gas assets worth $1 billion from Cenovus Energy on Thursday, raising further concerns about its strategy to own more refining and drilling operations directly. For Calgary, Alberta- based Cenovus, the sale is the latest in its plan to offload assets as it pays down debt, including loans it...

  • TORONTO, Oct 19- The chief executive of Canada's biggest wireless company said on Thursday that he is seeing little demand for Apple Inc's iPhone 8, adding to concerns about prospects for sales of the device. "What we're seeing is sort of... anemic appetite for the iPhone 8," Rogers Communications Inc Chief Executive Joe Natale said in an quarterly earnings...

  • The chief executive of Canada's largest mobile network Rogers Communication said appetite for the latest iPhone had been "anemic", adding to a series of hints that sales of the first of two new phones Apple releases this year is poor. But the debate- and hints from some analysts and a Taiwan media report of a cut in iPhone 8 production- was enough to push Apple shares...

  • TORONTO, Oct 19- The chief executive of Canada's biggest wireless company said on Thursday that he is seeing little demand for Apple Inc's iPhone 8, adding to concerns about prospects for sales of the device. "What we're seeing is sort of... anemic appetite for the iPhone 8," Rogers Communications Inc Chief Executive Joe Natale said in an quarterly earnings...

  • BOSTON— Mayors from Toledo to Tulsa are so eager to woo Amazon's much-vaunted second headquarters that they've been brandishing bourbon, selling the sun, whispering sweet nothings to the company and even pushing its buttons. The Associated Press talked to the leaders of more than 50 cities or metropolitan regions about the different ways they're showcasing...

  • Oct 19- Canada's Cenovus Energy said on Thursday it would sell its Palliser crude oil and natural gas assets in southeastern Alberta to Torxen Energy and Schlumberger Ltd for C $1.3 billion in cash to lower debt. The deal value fell right in the middle of the expected C $1.1 billion- C $1.5 billion range, RBC Capital Markets analyst Greg Pardy said in a client note.