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National Business
National Business
Gildan Activewear buys yarn supplier Frontier Yarns for US$168 million
MONTREAL — Gildan Activewear Inc. has signed a deal to buy Phoenix Sanford LLC, the parent company of Frontier Yarns, for US$168 million. Frontier is a producer of cotton, polyester and cotton blend yarns.
Dec 13, 2021 9:56 AM
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Suncor expects production to rise five per cent next year, trims capex plan
CALGARY — Suncor Energy Inc. says it expects its production next year to rise about five per cent compared with 2021. The Calgary-based company says it expects production next year to be 750,000 to 790,000 barrels of oil equivalent per day.
Dec 13, 2021 8:35 AM
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Spielberg 'West Side Story' debuts weakly with $10.5M
NEW YORK (AP) — Despite critical acclaim and two years-worth of anticipation, Steven Spielberg's lavish “West Side Story” revival made little noise at the box office, debuting with $10.
Dec 12, 2021 4:12 PM
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South African president tests positive for COVID, mildly ill
JOHANNESBURG (AP) — South African President Cyril Ramaphosa is receiving treatment for mild COVID-19 symptoms after testing positive for the disease Sunday, his office said.
Dec 12, 2021 4:05 PM
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Boris Johnson: UK faces 'tidal wave' of omicron cases
LONDON (AP) — Prime Minister Boris Johnson warned Sunday that Britain faces a “tidal wave” of infections from the omicron coronavirus variant, and announced a huge increase in booster vaccinations to strengthen defenses against it.
Dec 12, 2021 3:30 PM
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G7 warns Russia of 'massive' consequences if Ukraine invaded
LIVERPOOL, England (AP) — The Group of Seven economic powers told Russia on Sunday to “de-escalate” its military buildup near the Ukrainian border, warning that an invasion would have “massive consequences” and inflict severe economic pain on Moscow.
Dec 12, 2021 10:37 AM
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Pot holes: Uneven distribution of cannabis stores a challenge for industry
TORONTO — When delivery requests from British Columbia's Lower Mainland flow into cannabis retailer Dutch Love, a reliable number of them come from customers in the suburbs of Surrey and Richmond.
Dec 12, 2021 10:00 AM
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Canadian electric vehicle builders gearing up for growth on both sides of border
TORONTO — Damon Motors Inc. likes to refer to its electric motorbikes as groundbreaking, but the company’s manufacturing plans are also bucking a trend among Canadian companies.
Dec 12, 2021 10:00 AM
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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: Bank of Canada mandate: Finance Minister Chrystia Freeland and Bank of Canada governor Tiff Macklem are scheduled to hold a news conference on Monday morning, in wh
Dec 12, 2021 10:00 AM
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Judge OKs regulators' subpoena for 'Rust' assistant director
SANTA FE, N.M. (AP) — The assistant director who handed Alec Baldwin a prop gun that killed a cinematographer on a New Mexico film set must make himself available for an interview with state workplace safety regulators, a judge has decided.
Dec 11, 2021 3:34 PM
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