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Postmedia invests in The Logic's subscription-based digital news service

Postmedia invests in The Logic's subscription-based digital news service

TORONTO — Postmedia Network Inc. plans to buy a minority stake in The Logic Inc. — a digital-only Canadian media outlet with a mandate to break tech-focused news through investigative journalism.
Methane ignites at Cape Breton coal mine rock face, no injuries reported

Methane ignites at Cape Breton coal mine rock face, no injuries reported

DONKIN, N.S. — A Cape Breton colliery has been issued another stop work order after a methane fire occurred as coal miners worked on the rock face Tuesday afternoon.

Nevada court orders former Vancouver man to pay back $21.7 million to investors

VANCOUVER — The British Columbia Securities Commission says it has won a court decision in Nevada that enforces a $21.7-million order against a man accused of defrauding his Canadian clients.
Mnuchin says he was unaware of IRS memo on tax returns

Mnuchin says he was unaware of IRS memo on tax returns

WASHINGTON — Treasury Secretary Steven Mnuchin said Wednesday he has no idea who wrote a confidential Internal Revenue Service legal memo that says that tax returns must be given to Congress unless the president asserts executive privilege.
CMHC says Canadians debt levels hit record highs at end of last year

CMHC says Canadians debt levels hit record highs at end of last year

TORONTO — Canadian household debt reached a record high at the end of last year even as mortgage activity slowed, the Canada Mortgage and Housing Corp. said in a report out Wednesday. The debt to income ratio of Canadians hit a record high of 178.
Sluggish loan growth eats into CIBC's Q2 profits in the wake of five rate hikes

Sluggish loan growth eats into CIBC's Q2 profits in the wake of five rate hikes

TORONTO — Canadian Imperial Bank Of Commerce saw slow growth in personal and small business banking, offsetting its gains in capital markets and U.S. commercial banking as total earnings fell short of analysts' expectations.

Virginia airline founder charged with fraud, tax evasion

NEWPORT NEWS, Va. — The leader of an ill-fated effort to revive the People Express airline has been indicted on fraud and tax evasion charges. The Daily Press reports Michael D.
Statistics Canada reports retail sales rose 1.1 per cent in March

Statistics Canada reports retail sales rose 1.1 per cent in March

OTTAWA — Statistics Canada says retail sales rose 1.1 per cent to $51.3 billion in March boosted by higher sales at gas stations and sellers of building materials, garden equipment and supplies. Economists had expected an increase of 1.
Aimia buying back 34.9 million shares at $4.30 per share

Aimia buying back 34.9 million shares at $4.30 per share

MONTREAL — Aimia Inc. says it will buy back 22.9 per cent of its outstanding shares at a price of $4.30 each under a plan announced last month. The loyalty rewards company says it will buy back roughly 34.
Canopy Growth to acquire skin-care company This Works for $73.8 million

Canopy Growth to acquire skin-care company This Works for $73.8 million

SMITHS FALLS, Ont. — Canopy Growth Corp. has signed a deal to buy skin-care company This Works for $73.8 million in cash.
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