Business World

Calgary The Bearspaw First Nation is demanding the federal government no longer collect any money on its behalf and return about $50 million collected from oilpatch activity on its traditional territory. Chief Darcy Dixon of Bearspaw First Nation, which has asked Ottawa for the right to control its own oil …

Business Disney is planning on closing down almost all of its retail stores in Canada by next month. Disney announced in March that it planned to close 60 locations across North America this year, but had no specific comment on its Canadian locations. Now it appears as though all Canadian …

Business Brookfield Infrastructure Partners LLP said it's confident its hostile bid for Calgary-based Inter Pipeline will be successful now that Pembina Pipeline Corp. has terminated its own rival offer. Brookfield Infrastructure and Pembina Pipeline company have been battling to take over Inter Pipeline for several months, with Brookfield seemingly emerging …

Business Masked athletes, empty venues, no fans: an Olympics like no other has launched in Tokyo but for Canadian advertisers, it's largely business as usual. Japanese automaker Toyota has decided to scrap all of its local Olympic-themed TV advertising because of public opinion about the Games in Japan.(Koji Sasahara/Associated Press) …

Business Air Canada reported improving but still big losses in the second quarter as travel demand started to rise. Air Canada lost more than $1 billion in the quarter, despite seeing an uptick in revenue.(Nathan Denette/The Canadian Press) Air Canada reported improving but still big losses in the second quarter …

Business The price of lumber rose at its fastest pace in more than a year on Thursday, after timber companies warned that wildfires in Western Canada are hurting their business. Rail lines owned by CN and CP were damaged by wildfires in B.C. last month, and that has caused their …

Business The price of lumber rose at its fastest pace in more than a year on Thursday, after timber companies warned that wildfires in Western Canada are hurting their business. Rail lines owned by CN and CP were damaged by wildfires in B.C. last month, and that has caused their …

Business Thousands of websites and digital services around the world were unavailable on Thursday after cloud computing company Akamai said it has been experiencing a "service incident." Tens of thousands of websites around the world were knocked offline as part of a DNS outage on Thursday.(Dado Ruvic/Reuters) Thousands of websites …

News·New Canada, on average, records more tornadoes annually than any other in the world except for the U.S. — about 60 per year. Yet the National Building Code of Canada puts little emphasis on requirements to protect against uplift, the winds created by tornadoes. The headboard of a bed is …

Montreal The Quebec government has refused to approve construction of a natural gas facility in the Saguenay, north of Quebec City, following years of opposition from citizens, Indigenous communities and environmental experts. The Quebec government's decision not to approve a LNG facility in the Saguenay region effectively kills a $14-billion …