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National Business

Apple reaches $2 trillion market value as tech fortunes soar

BERKELEY, Calif. — Apple has become the first U.S. company to boast a market value of $2 trillion as technology continues to reshape a world where smartphones are like appendages and digital services are like instruments orchestrating people's lives.
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Texas startup will make a BlackBerry-branded 5G phone for North America, Europe

TORONTO — BlackBerry Ltd. is teaming up with startup OnwardMobility for a new 5G version of the smartphone with the physical keyboard and enhanced security that once made the Waterloo, Ont. company's devices ubiquitous.
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Target sales surge as Americans lean on big box stores

Target sales surge as Americans lean on big box stores

NEW YORK — Target reported the largest quarterly sales growth, including an online sales spike, in its 58-year-history, the latest evidence that Americans are consolidating their trips to big box stores and pivoting their spending to around the home
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Cirque creditors poised to take over company, leaving Quebec without a stake

Cirque creditors poised to take over company, leaving Quebec without a stake

MONTREAL — A group of Cirque du Soleil creditors have solidified their place as the next owners of the circus in a deal that would end Quebec's long-standing presence as a stakeholder in the 36-year-old troupe.
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Satirical columnist, author Allan Fotheringham dies at his Toronto home, age 87

TORONTO — Columnist and author Allan Fotheringham, known for his biting satirical commentaries aimed at the rich and the powerful, died Wednesday at his home in Toronto. He was 87.
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Scotiabank to pay $127.4M to settle U.S. spoofing and manipulation case

Scotiabank to pay $127.4M to settle U.S. spoofing and manipulation case

TORONTO — Bank of Nova Scotia will pay about US$127.4 million to settle a U.S.
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Inflation rate falls to 0.1 per cent as price growth slows, StatCan reports

Inflation rate falls to 0.1 per cent as price growth slows, StatCan reports

OTTAWA — The annual pace of inflation stayed largely grounded for July at 0.1 per cent, held down by the first drop in air travel prices in almost five years, Statistics Canada said Wednesday. The reading was down from a year-over-year increase of 0.
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New record wood product prices boost shares and estimates for Canadian producers

New record wood product prices boost shares and estimates for Canadian producers

CALGARY — New record high prices for lumber and wood panel products thanks to continuing robust demand from renovation and new home markets are driving stock prices higher for Canadian producers. Five of the largest producers — West Fraser Timber Co.
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Toronto man brings masks to the masses with airport, mall PPE vending machines

Toronto man brings masks to the masses with airport, mall PPE vending machines

TORONTO — Walking through Toronto's Pearson International Airport every week with his mask and grey duffel bag, Gilad Levy could easily be mistaken for a passenger. But Levy doesn't have a plane ticket and he's not carrying a change of clothes.
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Maple Leaf temporarily suspends pork exports to China after COVID-19 cases

Maple Leaf temporarily suspends pork exports to China after COVID-19 cases

MISSISSAUGA, Ont. — Maple Leaf Foods Inc. says it has temporarily suspended pork exports to China after a few dozen workers at one of its plants tested positive for COVID-19. The Mississauga, Ont.
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