Rogers Offers Buyouts to Half of Workforce: Report
Rogers Communications is offering voluntary buyouts to half its employees, according to a Globe and Mail report, as part of a restructuring effort.
Category : Corporate News
Canada to Add 16 Billionaires by 2031, Report Says
Canada's billionaire count is set to rise 33% by 2031, adding 16 new billionaires, according to Knight Frank. Ultra-wealthy individuals also expected to grow.
BP Surpasses Exxon as Top Big-Oil Stock During Iran War
BP shares rise 20% since Iran war began, outperforming Exxon due to exceptional trading profits and lower production disruptions.
Canada Launches $25B Sovereign Wealth Fund
Prime Minister Mark Carney announced the Canada Strong Fund, a $25 billion sovereign wealth fund to invest in nation-building projects and secure economic self-reliance.
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Pirro Ends Fed Chair Powell Probe, IG Reviews Costs
Jeanine Pirro announced the end of the criminal investigation into Fed Chair Jerome Powell, while the Inspector General will review building cost overruns. The move coincides with Trump's push to install Kevin Warsh as next Fed chair.
Air Canada Receives First Airbus A321XLR
Air Canada took delivery of its first Airbus A321XLR in Hamburg, marking a milestone in fleet renewal. The aircraft features lie-flat seats and a new cabin design.
RBC Hires Industrials Bankers to Expand Investment Franchise
Royal Bank of Canada hires Kinjal Gandhi and Alex Choi as managing directors to bolster its investment banking franchise, part of a broader hiring spree.
RCMP Charges Ottawa Consultant for Overbilling Feds
The RCMP has charged an Ottawa consultant with fraud for allegedly overbilling the federal government. The case highlights ongoing efforts to combat financial crimes.
CAAT Pension Earns 8.4% as Stock Gains Outweigh Weak PE Returns
CAAT Pension Plan earned 8.4% in 2025, driven by strong public equities despite weak private equity returns. Assets reached $25.4 billion, below benchmark.
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5 reasons global markets hold up despite Iran war
Global stock markets are rallying despite the Iran conflict, driven by peak uncertainty, dip-buying, oil cushion, robust earnings, and AI revival.
Warner Bros. Shareholders to Vote on Paramount's $81B Takeover
Warner Bros. shareholders will vote on Paramount's $81 billion acquisition. The deal could reshape Hollywood. Key details inside.
CBRE Beats Q1 Estimates on Data Center Demand
CBRE Group exceeded Wall Street expectations for first-quarter profit and revenue, driven by surging demand for data center real estate and strong leasing activity.
Blackstone Q1 Profit Boosted by Investment Gains
Blackstone's first-quarter profit surged due to strong investment gains, outperforming analyst estimates. The firm's assets under management rose to $1.2 trillion.
Teck Resources Q1 Profit More Than Doubles Year-Over-Year
Teck Resources reported Q1 profit more than doubled year-over-year, driven by strong commodity prices and operational efficiency.
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Quebecor CEO: Telecoms Must Be More Competitive
Pierre Karl Péladeau, CEO of Quebecor, argues that Canadian telecom providers need to increase competition to lower cellphone bills, as Freedom Mobile gains market share.
Anti-Zionist activists hijacking Canadian unions
Anti-Zionist activists are steering Canadian unions into foreign boycotts, undermining worker interests and economic stability, argue Ori Freiman and Lauren Frenkel.
Lululemon Names Ex-Nike Exec Heidi O'Neill as CEO
Athletic retailer Lululemon has appointed former Nike executive Heidi O'Neill as its new CEO, aiming to navigate past slowing growth and investor concerns. O'Neill will take over in September.
Lululemon Names Ex-Nike Exec Heidi O'Neill CEO
Lululemon Athletica Inc. has appointed Heidi O'Neill, a former Nike executive, as its new CEO effective September 8, aiming to navigate a period of slowing growth and investor unrest.
Critical Minerals, Retirement Taxes, Rogers & Metro Earnings
A rundown of today's top business stories: a derelict factory's billion-dollar mineral discovery, strategies to reduce retirement tax bills, Rogers' media revenue surge, and Metro's earnings amid Quebec strikes.
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Warner-Paramount Merger Vote Amid Trump Administration Ties
Warner Bros. shareholders vote Thursday on a $110 billion merger with Paramount Skydance, raising concerns over media consolidation and political influence given CEO David Ellison's close ties to President Trump.
Lululemon Names Former Nike Exec Heidi O'Neill as CEO
Lululemon Athletica has announced Heidi O'Neill, a former Nike executive, as its next Chief Executive Officer, marking a strategic leadership transition for the athletic apparel giant.
Trump Administration in Talks for Spirit Airlines Rescue Amid Fuel Crisis
The Trump administration is in advanced discussions for a potential rescue of Spirit Airlines, struggling with bankruptcy due to soaring jet fuel prices from the Iran conflict, which could reshape the aviation industry.
United Airlines CEO: Ticket Prices May Rise 15-20% Due to Fuel
United Airlines CEO Scott Kirby announced potential fare increases of 15-20% to offset rising jet fuel costs, as the airline forecasts lower profits amid volatile oil prices and robust premium travel demand.
Best Buy Names Jason Bonfig as New CEO
Best Buy Co. Inc. announces Jason Bonfig as its sixth CEO in company history, taking over from Corie Barry effective October 31, 2026.
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Air Transat Cuts Hundreds of Flights Due to Iran War Fuel Costs
Air Transat announces significant flight reductions as escalating jet fuel prices, driven by the Iran conflict, force operational adjustments. The airline cites economic pressures from geopolitical tensions affecting global aviation.
Iran War Lifts Costs, Darkens Economic Outlooks
The escalating conflict in Iran is causing significant disruptions to global supply chains, driving up costs for industries ranging from manufacturing to aviation and clouding economic forecasts worldwide.
Metro Earnings Up 12.1% as Quebec Strike Affects Operations
Metro Inc. announced a 12.1% increase in net earnings to $246.6 million, while highlighting the ongoing labor strike at its Quebec distribution center will impact third-quarter results.
TMX to Buy Cboe's Australia, Canada Units for $300M
Toronto Stock Exchange owner TMX Group Ltd. is acquiring Cboe Global Markets' Australian and Canadian divisions in a $300 million deal that expands its global footprint and growth strategy.
Philip Morris Cuts Profit Forecast on Nicotine Pouch Uncertainty
Philip Morris International has revised its annual profit forecast downward, citing uncertainties in the nicotine pouch market, including regulatory challenges and shifting consumer trends.
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Otis Flags Tariff Hit, Shipment Delays in Middle East Conflict
Elevator manufacturer Otis reports significant disruptions from Middle East tensions, citing tariff increases and shipment delays that threaten global supply chains and financial performance.
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