Category: Business

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...

The Department of National Defence will not be spared from Prime Minister Mark Carney’s cost-cutting drive — even though overall defence spending is set to balloon in the coming years. Finance Minister François-Philippe Champagne sent letters to cabinet ministers Monday asking them to find savings of 7.5 per cent in their budgets starting in fiscal...

Mattel has introduced its first Barbie representing a person with Type 1 diabetes, as part of wider efforts from the toy maker to increase inclusivity among its dolls. In an announcement Tuesday, Mattel said it had partnered with Breakthrough T1D — a Type 1 diabetes research and advocacy organization formerly known as Juvenile Diabetes Research...

The head of a Quebec aerospace company says he’s thrilled by the confirmation that a private lunar lander has touched down on the moon with his company’s technology aboard.  Firefly Aerospace’s Blue Ghost successfully descended from lunar orbit on autopilot early Sunday morning, carrying experiments for NASA and several Canadian-based technologies.  Jean de Lafontaine says...

Tariffs on Canadian and Mexican goods imposed by the U.S. government are expected to take hold tomorrow, marking the start of a North American trade war. President Donald Trump signed the order to impose the devastating levies on his northern and southern neighbours on Feb. 1, saying the measures would help stop “illegal migration” and...

Elon Musk’s car company is required each year to report to investors all the bad things that could happen to it, and the latest version lists every imaginable threat from costly lawsuits to out-of-control battery fires to war and another epidemic. But there’s barely any mention in the latest annual update of Musk’s full-bore entry...

A deal to end the war between Ukraine and Russia “is still very, very far away,” Ukrainian President Volodymyr Zelenskyy said, adding that he expects to keep receiving American support despite his recent fraught relations with U.S. President Donald Trump. “I think our relationship (with the U.S.) will continue, because it’s more than an occasional...

TORONTO — U.S. threats to impose tariffs on Canadian goods have been a blessing and a curse for Julie Brown. The co-founder of Toronto-based apparel brand Province of Canada saw sales in the typically sluggish month of February double so quickly that she’s now considering hiring more staff and ramping up product development to meet...

WASHINGTON — Canadians are feeling a foreboding sense of déjà vu as the country waits to see whether U.S. President Donald Trump’s threats of economy-wide tariffs ultimately materialize on Tuesday, tipping North America into a trade war. “Canada has to prepare for a world where it can’t rely on the United States for stability in...

At the U.S. Embassy in Ottawa, a quote from former President Ronald Reagan is engraved on one wall. “Let the 5,000-mile border between Canada and the United States stand as a symbol for the future,” Reagan said upon signing a 1988 free trade pact with America’s northern neighbor. “Let it forever be not a point...