Skip to content

National Business

S&P/TSX composite drifts lower Wednesday, U.S. markets also down

S&P/TSX composite drifts lower Wednesday, U.S. markets also down

TORONTO — Losses in tech, utilities and industrials weighed down gains in some of the other sectors on Canada's main stock index Wednesday, while U.S.
Read more >
BoC considered not raising rates last month, but hot economy swayed decision

BoC considered not raising rates last month, but hot economy swayed decision

OTTAWA — The Bank of Canada contemplated not raising interest rates last month but with the economy outperforming expectations, its governing council ultimately decided in favour of one more rate hike before taking a pause.
Read more >
Stocks fall on Wall Street, giving back recent gains

Stocks fall on Wall Street, giving back recent gains

NEW YORK (AP) — Wall Street gave back some of its recent gains as uncertainty about interest rates and inflation continued to reign. The S&P 500 fell 1.1% Wednesday, the Nasdaq fell 1.7% and the Dow Jones Industrial Average gave back 0.6%.
Read more >
Five key takeaways from the BoC's first summary of interest rate deliberations

Five key takeaways from the BoC's first summary of interest rate deliberations

OTTAWA — In a first for the Bank of Canada, it has released a summary of deliberations by its governing council regarding its policy decision to raise its key interest rate target by a quarter of a percentage point to 4.5 per cent in January.
Read more >
Prairies stand to benefit the most from boost to immigration target: Desjardins

Prairies stand to benefit the most from boost to immigration target: Desjardins

OTTAWA — A new Desjardins report suggests Canada's immigration target increase could spur economic growth, with the Prairies standing to benefit the most.
Read more >
Labour shortages could push up wages, 'reignite inflation' in long run, report warns

Labour shortages could push up wages, 'reignite inflation' in long run, report warns

TORONTO — Protracted labour shortages in Canada could fuel more rapid wage growth and inflation over time, potentially prompting the need for higher interest rates long-term, a new RBC Economics report released Wednesday said.
Read more >
Oil major TotalEnergies doubles annual profit to $36 billion

Oil major TotalEnergies doubles annual profit to $36 billion

PARIS (AP) — France's TotalEnergies SE doubled its profits in 2022, joining other international oil and gas companies in fattening their bottom lines as high energy prices surged after Russia’s invasion of Ukraine . Adjusted net income rose to $36.
Read more >
Auto industry leaders emphasize urgency of Canadian EV response as U.S. cash flows

Auto industry leaders emphasize urgency of Canadian EV response as U.S. cash flows

TORONTO — Urgency was the key word at an electric vehicle conference Wednesday as manufacturers emphasized the need for more coordination and government support in order to take advantage of the tectonic shift underfoot in the automotive industry.
Read more >
Defence, innovation ministers team up to sell D.C. on merits of working with Canada

Defence, innovation ministers team up to sell D.C. on merits of working with Canada

WASHINGTON — Canada is fortifying a long-standing front in its ongoing battle with protectionist impulses in the United States: resurrecting the Second World War-era notion of the two continental allies working together to stockpile the arsenal of de
Read more >
Grammy-winning Canadian songwriter Tobias Jesso Jr. sells song catalogue to Hipgnosis

Grammy-winning Canadian songwriter Tobias Jesso Jr. sells song catalogue to Hipgnosis

TORONTO — Hot off winning two Grammys on Sunday, Canadian singer-songwriter Tobias Jesso Jr. has sold the rights for part of his song catalogue to a prominent music investment company.
Read more >