Skip to content

National Business

Former Airbnb units in Toronto moving to long-term rental market

Former Airbnb units in Toronto moving to long-term rental market

TORONTO — A new report says there’s a rare window of opportunity to snag a rental condo in downtown Toronto as units that were listed on Airbnb prior to the COVID-19 outbreak are moving to the long-term rental market.
Cenovus, Suncor choose different paths on restoring oil output as prices recover

Cenovus, Suncor choose different paths on restoring oil output as prices recover

CALGARY — Two of Canada's biggest oilsands producers are taking different approaches to restoring production that was shut down during the pandemic lockdowns as signs of an economic recovery and higher oil prices emerge. Both Cenovus Energy Inc.
Fox taking fans to the ballgame with a virtual crowd

Fox taking fans to the ballgame with a virtual crowd

LOS ANGELES — Fox will be taking viewers out to the ballgame by adding a virtual crowd in parks during its baseball broadcasts this season.
Judge withholds making a decision on friendly takeover of Torstar by NordStar

Judge withholds making a decision on friendly takeover of Torstar by NordStar

TORONTO — An Ontario judge has put off a decision on the proposed $60-million friendly takeover of Torstar Corp.
Loblaw Q2 profit plunges on pandemic costs despite surging revenues

Loblaw Q2 profit plunges on pandemic costs despite surging revenues

Canada's largest grocer saw its net income fall in its most recent quarter, despite revenue growth, because of costs related to working through the COVID-19 pandemic, including a temporary pay bump for workers and investments into its e-commerce busi
Suncor CEO signals caution about restarting oil output as economy recovers

Suncor CEO signals caution about restarting oil output as economy recovers

CALGARY — The CEO of Suncor Energy Inc. says the company won't quickly ramp up oil production despite recent higher crude prices as the North American economy begins to reopen following the easing of lockdowns from the COVID-19 pandemic.
Tory says masking bylaw could be brought in if apartment buildings don't comply

Tory says masking bylaw could be brought in if apartment buildings don't comply

Toronto Mayor John Tory said he's prepared to extend the city's mandatory masking order to shared spaces inside apartment and condominium buildings if management companies refuse to do it voluntarily.

Suncor reports Q2 net loss of $614M as production falls by almost one fifth

CALGARY — Suncor Energy Inc. is reporting a second-quarter net loss of $614 million after it cut back on production to deal with sharply reduced crude prices amid lower global energy demand.
Inflatable pools lead wave of toy sales as parents, kids reclaim slice of summer

Inflatable pools lead wave of toy sales as parents, kids reclaim slice of summer

Inflatable pools are driving a deluge of toy sales during the COVID-19 pandemic as consumers try to enhance at-home leisure for their children, their pets and their feet.
Kelt to sell B.C. Montney assets to ConocoPhillips for $510 million

Kelt to sell B.C. Montney assets to ConocoPhillips for $510 million

CALGARY — Kelt Exploration Ltd. says it is selling assets in B.C. that account for almost half of its oil and gas production for $510 million in cash to Houston-based ConocoPhillips.