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Canfor buying lumber mill in Arkansas from Domtar affiliate for US$73 million

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VANCOUVER — Canfor Corp. says it has signed a deal with an affiliate of Domtar Corp. to buy its El Dorado lumber manufacturing facility in...

Equifax Canada testing use of rental payment data for credit scores

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TORONTO — Equifax Canada is exploring how rent data could factor in to credit scores to help make credit and financial services accessible to more...

Five things to watch for in the Canadian business world in the coming week

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TORONTO — Five things to watch for in the Canadian business world in the coming week: Railway earnings The country's two biggest railway companies will...

High interest rates threaten rollout of green economy: Wood Mackenzie report

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CALGARY — A new report says if high interest rates persist, it will be harder and more costly for society to transition to a net-zero...

B.C. construction sector seeks support as workers shortage, late payments persist

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VICTORIA — British Columbia's construction industry says its workforce numbers have improved in recent years, but persistent labour shortages are putting "extreme pressures" on employers....

Auto parts maker Magna International signs strategic partnership with Sanctuary AI

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VANCOUVER — Magna International Inc. has signed a strategic partnership with Sanctuary AI for the development of general purpose AI robots for use in the...

Two blows to B.C.’s credit status, as S&P cuts rating and Moody’s turns negative

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NEW YORK — British Columbia's credit status took a double blow on Tuesday, with S&P downgrading the province due to the risk of "outsize" deficits,...

Energy producers say they are prepared, ready for 2024 drought, wildfire risks

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CALGARY — Canadian energy producers say they are prepared and ready for what could be another spring and summer of drought and wildfires in Western...

Statistics Canada says trade surplus up in February as gold exports hit record high

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OTTAWA — Canada's merchandise trade surplus increased to $1.4 billion in February as exports of gold hit an all-time high, Statistics Canada said Thursday. The...

These companies have laid off Canadian workers in 2024

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Canadians are continuing to be laid off as part of a wave of job cuts that began in 2023 as companies assessed their operations after...
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