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National Business

Macy's weak earnings reflect more trouble at malls

NEW YORK — There’s more trouble for the nation’s malls heading into the crucial holiday shopping season.

North American stock markets down slightly awaiting signals on trade, consumers

TORONTO — North American stock markets fell slightly as investors continued to await signals about a trade deal and the strength of consumer spending.

Most actively traded companies on the TSX

TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (16,999.19, down 6.63 points.) Aurora Cannabis Inc. (TSX:ACB). Health care. Up 64 cents, or 18.29 per cent, to $4.14 on 35.
Loblaw launching online marketplace that will include new brands and products

Loblaw launching online marketplace that will include new brands and products

Loblaw Companies Ltd. launched a "curated marketplace" online Thursday that will include brands and products the company hasn't stocked before in a move aimed at setting the retailer up to compete with Amazon for Canadian market share.
Waterloo Brewing loses $2.1 million in 'sophisticated' cyberattack

Waterloo Brewing loses $2.1 million in 'sophisticated' cyberattack

KITCHENER, Ont. — Waterloo Brewing Ltd. says it has lost $2.1 million after scammers convinced the company to send money to a fraudulent third-party account.
B.C. Securities Commission says crypto trader leaves millions owing

B.C. Securities Commission says crypto trader leaves millions owing

VANCOUVER — A receiver appointed to save the assets of the crypto trading platform Einstein Exchange has completed its work and asked to be released by a B.C. Supreme Court judge. The B.C.
Feds: Royalty exemption for new shallow-water Gulf wells

Feds: Royalty exemption for new shallow-water Gulf wells

NEW ORLEANS — The federal agencies that make and enforce offshore oil and gas leases say they’ll encourage new wells in shallow Gulf of Mexico waters by allowing some reduced-royalty or even royalty-free production if owners can prove they need it.

Fiat Chrysler chairman not worried by General Motors lawsuit

MILAN — The chairman of Fiat Chrysler Automobiles indicated Thursday that the merger with French carmaker PSA Peugeot will not be affected by a General Motors lawsuit.
WeWork cuts nearly 20% of workforce in restructuring effort

WeWork cuts nearly 20% of workforce in restructuring effort

NEW YORK — WeWork is slashing nearly 20% of its workforce, embarking on a painful restructuring of its money-losing operation that doomed its stock market debut and left the office-sharing company on the brink of bankruptcy.
Bank of Canada governor says climate change poses risks to financial systems

Bank of Canada governor says climate change poses risks to financial systems

TORONTO — Bank of Canada governor Stephen Poloz wasn't asked about climate change risks at a discussion about economic change and emerging risks on Thursday, so he brought them up himself.