Skip to content
Join our Newsletter

Business

Auto union strikes Ford deal, hopes GM, Chrysler will follow

Auto union strikes Ford deal, hopes GM, Chrysler will follow

The Canadian Auto Workers union struck a tentative four-year deal with Ford on Monday, just hours ahead of a midnight strike deadline, though the clock was still ticking toward potential strikes at Chrysler and General Motors.

Mill buyer stuck with tax deal

A Nova Scotia municipality has won its legal battle to retain a 10-year-tax deal with the prospective owners of the NewPage Port Hawkesbury paper mill.

Hackers hit Explorer

Computer security experts are urging PC users to temporarily stop browsing the web with Microsoft's Internet Explorer, saying a newly identified bug in the software makes computers susceptible to attack by hackers.

Amazon to open Delta outlet, 100 jobs

Amazon Canada Fulfillment Services is planning to open a new facility in Delta this fall, creating more than 100 fulltime jobs. The company says the new Canadian fulfillment centre will be its first on the West Coast.

Foreign takeovers heat up Parliament

The Harper government is again under pressure to spell out clear rules on foreign investment following yet another spurned bid and in advance of the next big ask - the proposed Chinese acquisition of a major Canadian oil company.

Ikea CEO retiring in 2013

Ikea says CEO Mikael Ohlsson will retire next year after 34 years of working for the world's largest furniture retailer.
Lowe's drops takeover bid, Rona to strengthen chain

Lowe's drops takeover bid, Rona to strengthen chain

U.S.-based Lowe's may not have ended its cross-border courtship for Rona Inc. despite abandoning its $1.8-billion bid for the Canadian home improvement chain, industry experts believe.

Burns Lake mill to be rebuilt

The owners of a Burns Lake sawmill that was flattened in an explosion earlier this year say they intend to rebuild. Steve Zika, CEO of the mill's owner Hampton Affiliates, announced the decision in the tiny northern B.C.

Real estate group cuts forecast, price

The Canadian Real Estate Association cut its 2012 and 2013 outlook for home sales and lowered its national average price forecast on Monday as it reported the biggest month-to-month drop in activity in two years.

Uptown shopping centre in Saanich scores Forever 21, spring opening expected

Popular fashion retailer a first for the Island