Commercial airlines on Wednesday rerouted flights crossing the Middle East to avoid possible danger amid escalating tensions between the United States and Iran. A Ukrainian passenger jet crashed on Wednesday, just hours after Iran’s ballistic missile attack, but Iranian officials said they suspected a mechanical issue brought down the 3½-year-oldRead More →

Nissan’s fugitive former boss, Carlos Ghosn, has described his arrest in Japan, from which he escaped last month, as a plot against him and said his detention conditions were a “travesty” against human rights. Ghosn was defensive as he held a news conference in Beirut Wednesday — his first appearanceRead More →

A Toronto-based investment firm has signed a $1-billion deal to buy the Canadian space technology company behind Radarsat Earth-observation satellites and the Canadarm robotic mechanisms on the International Space Station. A consortium led by Northern Private Capital with financial backing from former BlackBerry co-chief executive Jim Balsillie will acquire allRead More →

Canada’s economy slightly shrank in October with real gross domestic product edging down 0.1 per cent, Statistics Canada reports.  This marks the first decline in eight months.  Economists had projected a flat GDP report for October compared with September, according to financial markets data firm Refinitiv. The manufacturing sector wasRead More →

Walmart raised its annual profit expectations after reporting strong third-quarter results helped by its grocery business. The results, announced Thursday, offer encouraging news as it heads into the holiday shopping season and offer the latest evidence that Walmart is closing the gap between itself and online leader Amazon.com. Walmart saidRead More →

The so-called Hamburglar is still at large, hacking customers’ McDonald’s app accounts and ordering food on their dime. For some victims, their troubles didn’t end there as they were unhappy with how McDonald’s handled their cases. “What a mess,” said Deborah Kelly of Peterborough, Ont. She’s unimpressed after the fast-food giantRead More →

Carbon taxes have been under siege in recent years in parts of the country, particularly with the election of premiers Doug Ford and Jason Kenney, who both campaigned hard on fighting the policy. To this day, the only way Alberta’s Kenney describes carbon pricing is as the “job-killing” carbon tax. Despite the sharp rhetoricRead More →