You are here

Business

Bell’s CraveTV grows to 1M subscribers ahead of Shomi’s shutdown on Nov. 30

TORONTO — Weeks before TV streaming service Shomi is set to shut down, BCE Inc. said Thursday its CraveTV streaming service recently hit one million subscribers.

The Montreal-based company said it reached the milestone by the end of September, nearly two years after it launched CraveTV in December 2014.

Norbord and Louisiana-Pacific Corp. to exhange ownership Quebec of mills

TORONTO — Norbord Inc. (TSX:OSB) and Louisiana-Pacific Corp. have agreed to exchange ownership of two wood panel mills in Quebec. Financial terms weren’t disclosed.

Louisiana-Pacific’s mill in Chambord, Que., is bigger than Norbord’s oriented strand board mill in Val-d’Ore, Que., but both have been idled for a number of years

After 91 years, Ford’s Australian car production ends

CANBERRA, Australia — Ford Motor Co. ended 91 years of car manufacturing in Australia on Friday, with the remaining two Australian car makers due to close their doors next year.

Ford Australia said it built the world’s last six-cylinder, rear-wheel drive Falcon XR6 at its Broadmeadows plant in Melbourne and 600 employees lost their jobs.

Postmedia sheds debt and makes management changes in restructuring

TORONTO — Canada’s largest newspaper publisher has announced changes to its board and executive as it completes a deal to restructure its debt.

Postmedia Network Inc. (TSX:PNC.B, TSX:PNC.A) said Wednesday its total debt has been reduced by approximately $307 million and its annual cash interest expense has been reduced by approximately $50 million under a court-approved plan.