Skip to content

National Business

S&P/TSX composite loses more than 100 points, U.S. markets also down

S&P/TSX composite loses more than 100 points, U.S. markets also down

TORONTO — Canada's main stock index was down more than 100 points Thursday amid broad-based losses, while U.S. markets were also down as uncertainty continued to grip the regional banking sector south of the border. Turmoil in the U.S.
Read more >
Shopify to reduce workforce by 20% as it narrows focus to core e-commerce business

Shopify to reduce workforce by 20% as it narrows focus to core e-commerce business

TORONTO — Shopify Inc. says it will reduce its head count by about 20 per cent and sell its logistics business as it aims to reduce distracting "side quests" in the latest big change by the Canadian tech company.
Read more >
Loblaw strikes deal with TC Energy to power all Alberta operations with renewables

Loblaw strikes deal with TC Energy to power all Alberta operations with renewables

TORONTO — Loblaw Companies Ltd. says it has reached a deal with TC Energy that will see the grocer's operations in Alberta powered entirely by wind, sun and water.
Read more >
Canadian Natural Resources reports Q1 profit down as oil prices slide

Canadian Natural Resources reports Q1 profit down as oil prices slide

CALGARY — Canadian Natural Resources Ltd. saw its profits in the first quarter decline 41 per cent year-over-year as oil prices weakened.
Read more >
Stock market today: Wall Street sinks as bank fears flare

Stock market today: Wall Street sinks as bank fears flare

NEW YORK (AP) — Stocks closed lower as Wall Street’s worries about the U.S. banking system cranked even higher. The S&P 500 lost 0.7% Thursday. The Dow Jones Industrial Average fell 286 points and is now down for the year.
Read more >
BoC can address banking system stress, even as it fights inflation: Macklem

BoC can address banking system stress, even as it fights inflation: Macklem

TORONTO — The Bank of Canada has shifted its messaging in recent months from the need to get inflation under control to bringing it back down to the two per cent target.
Read more >
Zelenskyy wants Putin trial; Russia accuses US on drones

Zelenskyy wants Putin trial; Russia accuses US on drones

THE HAGUE, Netherlands (AP) — Ukraine and Russia pressed their wartime rhetoric Thursday, with Ukrainian President Volodymyr Zelenskyy expressing confidence that Vladimir Putin would be convicted of war crimes, and the Kremlin alleging that the U.S.
Read more >
Parkland rejects activist investor's call to sell or spin off Burnaby, B.C. refinery

Parkland rejects activist investor's call to sell or spin off Burnaby, B.C. refinery

CALGARY — Parkland Fuel Corp. said Thursday its Burnaby, B.C. refinery is not for sale, even in the face of pressure from an activist investor. The Calgary-based fuel retailer and convenience store operator has been the subject of a campaign by U.S.
Read more >
Jury finds Ed Sheeran didn't copy Marvin Gaye classic

Jury finds Ed Sheeran didn't copy Marvin Gaye classic

NEW YORK (AP) — A federal jury in New York concluded Thursday that British singer Ed Sheeran didn't steal key components of Marvin Gaye’s classic 1970s tune “Let’s Get It On” when he created his hit song “Thinking Out Loud.
Read more >
Telus reports Q1 profit down from a year ago, raises quarterly dividend

Telus reports Q1 profit down from a year ago, raises quarterly dividend

Telus Corp. raised its dividend Thursday as it reported its first-quarter profit fell compared with a year ago on higher interest, depreciation and amortization, restructuring and other costs.
Read more >