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Restaurants hope for holiday boom, but looming recession causes concern

Restaurants hope for holiday boom, but looming recession causes concern

TORONTO — Restaurants and bars across Canada are hoping this holiday season could finally spell recovery for the debt-laden sector. But, elevated inflation and a potential recession have them worried that their new normal won’t pay the bills.
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Most actively traded companies on the Toronto Stock Exchange

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (19,097.01, up 178.61 points): Royal Bank of Canada (TSX:RY). Financials. Up 62 cents, or 0.5 per cent, to $123.88 on 16.
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S&P/TSX composite up for third day running, U.S. stock markets also rise

S&P/TSX composite up for third day running, U.S. stock markets also rise

TORONTO — Canada's main stock index was up for the third day in a row, while U.S. stock markets also rose. The S&P/TSX composite index was up 178.61 points at 19,097.01. In New York, the Dow Jones industrial average was up 337.
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CN Rail boosts outlook, reports revenue up on higher volumes, rates

CN Rail boosts outlook, reports revenue up on higher volumes, rates

MONTREAL — CN Rail has boosted its financial outlook for the year as it reported gains in revenue and adjusted profits in the third quarter on higher volumes and rates, while net income was down.
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Foreign buyers tax hike won't have much effect on already cooling market, experts say

Foreign buyers tax hike won't have much effect on already cooling market, experts say

TORONTO — Ontario's surprise move to increase the tax paid by foreign homebuyers to 25 per cent won't have much effect on the province's already-cooling market, housing industry observers say.
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Stocks end higher on Wall Street as earnings roll in

Stocks end higher on Wall Street as earnings roll in

NEW YORK — Stocks closed higher on Wall Street, marking the third straight gain for the S&P 500. The benchmark hadn’t been able to string together more than two gains in a row since mid-September.
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Canopy Growth looks to grow U.S. business with new holding company structure

Canopy Growth looks to grow U.S. business with new holding company structure

Canopy Growth Corp.'s share price surged more than 27 per cent as it announced it will fast track its plans for the U.S. market with the creation of a new U.S.-domiciled company meant to hold its cannabis investments made south of the border.
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Freeland emphasizes Bank of Canada's independence after Singh criticizes rate hikes

Freeland emphasizes Bank of Canada's independence after Singh criticizes rate hikes

OTTAWA — As another interest rate hike looms, Finance Minister Chrystia Freeland is emphasizing the Bank of Canada's independence after criticism from federal NDP Leader Jagmeet Singh.
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Nielsen, Amazon Prime spar over who really watches football

Nielsen, Amazon Prime spar over who really watches football

NEW YORK (AP) — By the Nielsen company's count, 7.8 million people watched Amazon Prime's coverage of last Thursday's NFL game between New Orleans and Arizona. But Amazon says no, there were actually 8.9 million people watching.
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HSBC says strong buyer interest helped prompt strategic review of Canadian division

HSBC says strong buyer interest helped prompt strategic review of Canadian division

TORONTO — The group head of HSBC Holdings Plc says the bank is exploring a sale of its Canadian division in part because it's had strong interest from other banks looking to buy it.
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