Category: Business

BMO Financial Group raised its dividend as it reported a fourth-quarter profit of $2.30 billion. The bank says it will now pay a quarterly dividend of $1.67 per share, an increase of four cents per share. BMO says its profit amounted to $2.97 per diluted share for the quarter ended Oct. 31 compared with a...

Russian authorities said Thursday they have imposed restrictions on Apple’s video calling service FaceTime, the latest step in an effort to tighten control over the internet and communications online. State internet regulator Roskomnadzor alleged in a statement that the service is being “used to organize and conduct terrorist activities on the territory of the country,...

Russian authorities said Thursday they have imposed restrictions on Apple’s video calling service FaceTime, the latest step in an effort to tighten control over the internet and communications online. State internet regulator Roskomnadzor alleged in a statement that the service is being “used to organize and conduct terrorist activities on the territory of the country,...

TORONTO — Sleep Country Canada Inc. is on the cusp of bringing back Bed Bath & Beyond. The mattress retailer confirms it has purchased the Canadian and U.K. rights to the houseware brand’s name and logos. It will relaunch the retailer with physical and online stores next year. The federal government’s trademark registry shows Bed...

OTTAWA — A Chinese maker of surveillance camera systems says the national security review process that led the federal government to order it to shut down its Canadian operations was unfair. Hikvision makes the arguments in a court filing challenging a June 27 directive from the federal government to close down its business in Canada....

Former Maple Leaf Sports & Entertainment (MLSE) boss Tim Leiweke has been indicted by a U.S. grand jury for allegedly rigging the bidding process for an arena in Austin, Texas. Leiweke is co-founder and CEO of Oak View Group (OVG), which develops and provides a variety of services to live entertainment venues. According to the...

WASHINGTON — An pharmaceutical industry representative says Canada likely isn’t the main target of U.S. President Donald Trump’s threat to impose a 200 per cent tariff on pharmaceutical imports — but his plan could still put parts of the Canadian sector in peril. Canadian Generic Pharmaceutical Association president Jim Keon says there’s a risk that...

While optimism is building in some parts of Canada for a rebound in the real estate market, condominium dwellers wanting to move up to a larger space face tough choices amid little sign of improvement for that segment. Cities like Toronto and Vancouver have seen condo sales drop off, if not stagnate, in recent years...

Italian confectioner Ferrero, known for brands like Nutella and Kinder, is buying the century-old U.S. cereal company WK Kellogg in a deal valued at approximately $3.1 billion. The Ferrero Group said Thursday it will pay $23 for each Kellogg share. The transaction includes the manufacturing, marketing and distribution of WK Kellogg Co.’s portfolio of breakfast...

Several thousand Microsoft Outlook users ran into issues with the email platform Wednesday night and Thursday morning, with some reporting problems like loading their inboxes or signing in. Microsoft 365’s status page first said that it was investigating an issue with Outlook on Wednesday night, and later shared it was deploying a fix. But affected...