National Business News

Builder optimism fades with potential trade war looming

NEW YORK — The threat of a trade war with Canada has taken a toll on the confidence of U.S. homebuilders, according to index released Monday.

Jun 18, 2018 10:38 AM Read more >

AutoCanada launches strategic review after a request by an activist investor

EDMONTON — AutoCanada Inc. says its board of directors has appointed a special committee of independent directors to review strategic alternatives following a request by an activist shareholder.

Jun 18, 2018 10:16 AM Read more >

Arizona Mining shares up on takeover offer by Australian company South32

VANCOUVER — Shares of Arizona Mining Inc. soared in early trading after the company announced a deal to be acquired by Australian company South32 Ltd. that valued the company at about $2.1 billion.

Jun 18, 2018 9:58 AM Read more >

Auto parts firm Magna plans electric vehicle joint ventures with Chinese company

AURORA, Ont. — Magna International Inc. says it will form two new joint ventures with a Chinese company to engineer and build electric vehicles. The Ontario-based auto parts company and Beijing Electric Vehicle Co. Ltd.

Jun 18, 2018 9:05 AM Read more >

Audi CEO detained in diesel emissions case

BERLIN — German authorities on Monday detained the chief executive of Volkswagen's Audi division, Rupert Stadler, as part of a probe into manipulation of emissions controls.

Jun 18, 2018 5:56 AM Read more >

Prada redefines youthful elegance with psychedelic flair

MILAN — Youthful designers injected energy into the third day Sunday of Milan Fashion Week menswear previews for next spring and summer.

Jun 17, 2018 7:59 PM Read more >

Five things to watch for in the Canadian business world in the coming week

TORONTO — Five things to watch for in the Canadian business world in the coming week: Reading the BoC tea leaves Deputy Bank of Canada governor Lynn Patterson will speak before the Investment Industry Association of Canada on interest-rate benchmarks

Jun 17, 2018 10:00 AM Read more >

UK PM vows big funding increase for National Health Service

LONDON — British Prime Minister Theresa May has announced a significant funding increase for the country's beleaguered National Health Service.

Jun 17, 2018 7:29 AM Read more >

California moves to declare coffee safe from cancer risk

LOS ANGELES — California health officials proposed a regulation change Friday that would declare coffee doesn't present a significant cancer risk, countering a recent state court ruling that had shaken up some coffee drinkers.

Jun 15, 2018 7:14 PM Read more >

Canada Goose shares up after better-than-expected results, plans for new stores

TORONTO — Shares of Canada Goose Holdings Inc. rose more than 30 per cent on Friday after it reported stronger-than-expected earnings and announced plans for three new stores in North America. Canada Goose stock closed up $18.02 at $78.

Jun 15, 2018 5:39 PM Read more >