Toys 'R' Us Canada's $36M Gift Card Issue
Toys 'R' Us Canada faces a $36 million unredeemed gift card problem as it restructures, with cards expiring soon amid store closures and online shutdowns.
Category : Business
Toronto-Cuba Flights Cancelled Until April Due to Fuel Issues
Major Canadian airlines cancel all flights from Toronto to Cuba until April 30, 2026, due to a severe fuel shortage, stranding travelers and prompting emergency return operations.
Trump Threatens Gordie Howe Bridge Opening
Former U.S. President Donald Trump threatens to block the Gordie Howe International Bridge opening, citing unfair Canadian trade practices and ownership claims.
Edmontonian Stuck in Cuba Amid U.S. Oil Blockade
An Edmonton resident faces uncertainty waiting for a flight back to Canada from Cuba as tensions rise over the U.S. oil blockade, highlighting travel disruptions and stress for Canadians abroad.
Top Executives Depart Canadian Pension Fund After Thames Water Fiasco
Two senior infrastructure executives have left Ontario Municipal Employees Retirement System after the fund wrote off its Thames Water stake and faced challenges with Deutsche Glasfaser investment.
Caisse Pauses DP World Deals After CEO's Epstein Emails
Quebec's Caisse de dépôt halts new partnerships with DP World following revelations of CEO's decade-long email correspondence with Jeffrey Epstein, demanding full transparency.
Diamond Mine Pause in N.W.T. Called 'Serious News' by Minister
A diamond mine in the Northwest Territories has temporarily halted operations due to a weak global market, prompting concern from the industry minister who describes the development as serious news for the region's economy.
Memory Chip Squeeze Widens Market Winners and Losers Gap
Soaring memory chip prices create stark divide in stock markets, with memory producers thriving while PC makers and consumer electronics companies face significant declines.
Coca-Cola's 2026 Outlook Underwhelms as CEO Change Looms
Coca-Cola projects modest 2026 sales growth below analyst expectations, facing headwinds from regulatory pressures and shifting consumer preferences as leadership transitions.
Montreal Metro Service Disrupted by Communications Glitch
A widespread communications equipment failure disrupted service on all four Montreal metro lines Tuesday morning, with transit authorities expecting full restoration by 1 p.m.
Power of Sale Surge in Toronto as Homeowners Run Out of Options
Financial stress from high mortgage rates and falling home prices is driving a significant increase in power of sale listings across Toronto, with experts warning of more distress ahead.
Saskatoon Catholic School Workers Threaten Strike
Support workers at Saskatoon Catholic schools are preparing for potential strike action as contract negotiations stall, impacting educational services in the region.
Crash Causes Major Delays on East Annacis Channel Bridge
A significant collision on the East Annacis Channel Bridge in Vancouver has resulted in major traffic disruptions and extensive delays for commuters on February 10, 2026.
TSX Up 200 Points, U.S. Markets Mixed in February 2026
Canada's S&P/TSX composite index rose significantly, gaining nearly 200 points, while U.S. stock markets showed mixed results. This movement occurs amidst broader business news including auto sector transformation, EV infrastructure plans, and corporate l
Montreal Metro Service Interrupted by Technical Issues
The Montreal metro system experienced a widespread service interruption on February 10, 2026, affecting all lines. The disruption highlights ongoing infrastructure challenges in Canada's second-largest city.
Ottawa Vacancy Tax Criticized for Unfair Homeowner Treatment
An Ottawa couple faces a $37,500 vacant unit tax bill despite legitimate delays in selling an inherited property, sparking debate about the fairness of the city's housing policy.
N.S. Farm Economy Hits $900M as Farm Numbers Drop
A new study reveals Nova Scotia's agricultural sector contributed $900 million to the provincial economy in 2025, even as the number of farms continues a steady decline, highlighting shifting dynamics in rural production.
Nova Scotia Power CEO Peter Gregg to Step Down
Peter Gregg, president and CEO of Nova Scotia Power, is leaving his position. The announcement comes after his recent public appearances in Halifax discussing utility operations.
Hasbro Sees Lower Revenue Growth Amid Toy Spending Caution
Toy manufacturer Hasbro forecasts annual revenue growth below analyst estimates, citing continued consumer hesitancy to spend on non-essential items despite a strong holiday quarter performance.
Judge Blocks Discount Retailer at Yorkdale Mall
A judge has prevented Quebec-based discount retailer Les Ailes de la Mode from occupying the former Hudson's Bay store at Toronto's upscale Yorkdale Shopping Centre, citing commercial unsuitability.
Goldman Sachs CEO Predicts Deal Activity Boost from Sponsors
David Solomon, CEO of Goldman Sachs, suggests that financial sponsors could drive a resurgence in mergers and acquisitions, signaling optimism for the investment banking sector amid current market conditions.
Vereigen Media Launches ABM ROI Framework for Enterprises
Vereigen Media introduces a performance-focused framework for measuring ABM ROI in enterprise campaigns, replacing vanity metrics with verified engagement and first-party data to demonstrate real business impact.
Alex Fraser Bridge Accident Triggers Traffic Delays
A vehicle collision on the Alex Fraser Bridge has closed one southbound lane, causing significant traffic delays. The Pattullo Bridge remains closed until Friday, compounding Metro Vancouver's commuting challenges.
Paramount Enhances Warner Bros. Bid with Cash and Netflix Fee
Paramount Global has increased its bid for Warner Bros. Discovery by adding extra cash and covering potential Netflix break-up fees, intensifying merger talks in the media industry.
Canadian Airlines Halt Montreal-Cuba Flights Until April
WestJet and Air Transat join Air Canada in suspending all flights between Montreal and Cuba until at least late April due to severe aviation fuel shortages on the island.
BP Halts Share Buybacks as Pressure Mounts
BP Plc suspends its $750 million quarterly share repurchase program to strengthen its balance sheet as the UK energy company faces increasing pressure to deliver on its turnaround strategy.
Fast Food Downturn Reflects U.S. Economic Pressure
Rising prices at fast-food chains are driving away budget-conscious customers, challenging the industry's business model and revealing broader economic concerns.
Retail Sales Unchanged in December, Ending Year on Weak Note
Canadian retail sales showed no growth in December compared to November, indicating a sluggish finish to 2025 for the consumer sector amid economic uncertainty.
Alphabet Seeks $9.4B in Pound, Swiss Franc Bond Sales
Alphabet Inc. is raising at least US$9.4 billion through sterling and Swiss franc-denominated bonds, featuring an ultra-rare 100-year note. This follows a massive US$20 billion dollar debt sale earlier this week.
Virtus REIT Buys Riverview Property for $10.15M
Virtus Diversified REIT has strategically acquired a 50-unit apartment building in Riverview, New Brunswick for $10.15 million, expanding its portfolio in Atlantic Canada's high-growth markets.
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