Skip to content

National Business

Mobile Klinik to speed up expansion of smartphone repair chain as unit of Telus

Mobile Klinik to speed up expansion of smartphone repair chain as unit of Telus

TORONTO — The Mobile Klinik chain of smartphone repair and resale shops plans to speed up its expansion with the help of its new owner, Telus Corp.

Seattle cruise line sells 4 ships; cruise ban extended

SEATTLE — A Seattle-based cruise line has sold four ships in its fleet as the coronavirus pandemic has halted operations and subsequently slowed businesses that rely on incoming traffic from the industry.
Canadian artists, writers, performers call for national basic income

Canadian artists, writers, performers call for national basic income

TORONTO — A group of Canadian artists, writers, technicians and performers is calling on Ottawa to guarantee a basic income for anyone in need.
Court approves Cirque du Soleil secured lenders as benchmark bidder

Court approves Cirque du Soleil secured lenders as benchmark bidder

MONTREAL — A takeover proposal from the Cirque du Soleil's secured creditors has been approved as the benchmark bid for a court-supervised auction of the insolvent entertainment company.
Federal Reserve expands lending program to non-profit groups

Federal Reserve expands lending program to non-profit groups

WASHINGTON — The Federal Reserve has opened one of its lending programs to non-profit groups, including hospitals, educational institutions, and social service organizations.
June home construction jumps 17.3% when states reopened

June home construction jumps 17.3% when states reopened

SILVER SPRING, Md. — Construction of U.S. homes jumped 17.3% in June as some states reopened, but the pace still lags last year after this spring's massive slowdown in building activity due to the coronavirus outbreak.
Wholesale sales ticked higher in May after record plunge in April

Wholesale sales ticked higher in May after record plunge in April

OTTAWA — Wholesale sales in Canada ticked higher in May after posting a record plunge in April due to the COVID-19 pandemic, Statistics Canada said Friday. The government agency said wholesale sales rose 5.7 per cent to $52.
Cineplex lays off 130 workers in Canada and U.S. amid COVID-19 troubles

Cineplex lays off 130 workers in Canada and U.S. amid COVID-19 troubles

TORONTO — Cineplex Inc. says it is laying off more than 130 workers as the company continues to grapple with the COVID-19 pandemic and a takeover deal that has turned litigious. The Toronto-based theatre chain says workers in Canada and the U.S.
Rising gold to offset Q2 pandemic hits on precious metals miners, say analysts

Rising gold to offset Q2 pandemic hits on precious metals miners, say analysts

CALGARY — Despite negative impacts of the COVID-19 pandemic on production and costs, rising prices for gold are expected to buoy results as Canada's precious metals miners begin rolling out second-quarter financial results next week.
Rising gold to offset Q2 pandemic hits on precious metals miners, say analysts

Rising gold to offset Q2 pandemic hits on precious metals miners, say analysts

CALGARY — Rising prices for gold are expected to buoy results as Canada's precious metals miners begin rolling out second-quarter financial results next week.