Receive up-to-the-minute news updates on the hottest topics with NewsHub. Install now.

Business

All category news

  • Canadian toymaker Spin Master files patent suit against Mattel

    April 25, 2018 5:01 PM 19

    The claim seeks an injunction preventing Mattel from using patented mechanisms used in its Mecard toys. Mattel Inc. has not filed a response to the allegations with the court and has yet to reply to requests for comment. Spin Master’s Bakugan toys were launched in 2007 in conjunction with a Japanese-Canadian anime series called Bakugan Battle Brawlers

  • TSX shows gains as U.S. markets remain mixed, Canadian dollar down

    April 25, 2018 4:07 PM 14

    Canada’s main stock index was up moderately this morning in a broad-based rally, even though its U.S. counterparts remained largely negative a day after showing major declines. The Toronto Stock Exchange’s S&P/TSX composite index was up 38.91 points to 15,515.91 after 90 minutes of trading, making up some of the 75-point loss it experienced on Tuesday

  • Ontario real estate tax curbs foreign buyers

    April 25, 2018 4:00 PM 16

    The number of sales involving a foreign entity has steadily declined since the province introduced its non-resident speculation tax. The number of homes sold in the Toronto area in March this year was down 40 per cent compared to a year earlier. The average price was 14 per cent lower, according to the Toronto Real Estate Board, dropping to $784,558 from $915,126. In York region

  • Toys "R" Us ends Canadian stores auction with Fairfax as sole bidder

    April 23, 2018 4:43 PM 22

    Hearing to approve sale to be held Tuesday in a Virginia court Toys "R" Us Inc. will seek approval to sell its Canadian unit to Fairfax Financial Holdings Ltd. after cancelling an auction for the company's Canadian operations. According to U.S. bankruptcy court documents, the auction received no qualified bids other than the stalking horse offer from Toronto-based

  • Canadian gaming company Stars Group buys Sky Betting for $4.7B

    April 23, 2018 2:23 PM 25

    Canadian online-gambling company Stars Group Inc., formerly known as Amaya, says it is buying U.K.-based Sky Betting & Gaming in a deal worth $4.7 billion. Canadian online-gambling company Stars Group Inc. says it is buying U.K.-based Sky Betting & Gaming in a deal worth $4.7 billion. Stars Group, which owns PokerStars, said Saturday the purchase will create

  • Hasbro takes a hit as sales sink with collapse of Toys “R” Us

    April 23, 2018 12:29 PM 30

    “We are working to put the near-term disruption from Toys ‘R’ Us behind us,” Hasbro Chairman and CEO said as the company reported a loss and plunging revenue Monday for its first quarter. PAWTUCKET, R.I.—The repercussions from the demise of Toys “R” Us have begun to ripple outward beginning with Hasbro, which reported a loss and plunging revenue Monday

  • PC Optimum member hit by theft a third time after Loblaws says password problem fixed

    April 22, 2018 8:00 AM 18

    Retailer says program's password reset problem has been 'locked down' After getting hit by points theft multiple times, some PC Optimum members are questioning a fix Loblaws says it has made to improve the security of its rewards program. News previously interviewed Nicholson on April 9, after he was hit by points theft a second time, despite reporting

  • Fairfax Financial in $300M bid for Toys 'R' Us Canadian operations

    April 20, 2018 4:08 PM 17

    Auction of Toys 'R' Us Canadian operations to take place on April 23 Ahead of an auction scheduled next week for the Canadian assets of Toys "R" US, Fairfax Financial Holdings Ltd. has put in a $300-million offer. According to court documents filed April 19 with the the United States Bankruptcy Court for the eastern district of Virginia, Toys "R" Us plans

  • CP Rail starting operations shutdown ahead of possible strike

    April 20, 2018 3:49 PM 16

    Canadian Pacific says it continues to bargain with two unionized workforces. A spokesperson for the Teamsters Canada Rail Conference, which represents about 3,000 CP Rail engineers and conductors, said Thursday that less than two days from a strike deadline they had no progress to report. The potential strike comes at a difficult time for the railway

  • Pump prices, airline tickets help propel Canada’s inflation rate to 2.3%

    April 20, 2018 1:04 PM 18

    OTTAWA — Canada’s annual inflation rate continued creeping higher last month to hit 2.3 per cent. The March figure from Statistics Canada shows the pace of inflation inched a little farther past the midpoint of the central bank’s ideal range of between one and three per cent. By comparison, inflation was 2.2 per cent in February and 1.7 per cent in January