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BMO results miss expectations on rise in bad loans

BMO results miss expectations on rise in bad loans

TORONTO — BMO Financial Group shares fell almost nine per cent Wednesday after the bank reported results that missed expectations on higher loan-loss provisions and U.S. growth issues. The bank, which significantly expanded its U.S.
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S&P/TSX composite down 1.6 per cent, U.S. stock markets also fall

S&P/TSX composite down 1.6 per cent, U.S. stock markets also fall

TORONTO — Canada's main stock index fell 1.6 per cent Wednesday in a broad-based decline, while U.S. stock markets also fell. The S&P/TSX composite index closed down 367.07 points at 21,897.98.
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Ag Growth International shares jump after rejecting unsolicited takeover offer

Ag Growth International shares jump after rejecting unsolicited takeover offer

WINNIPEG — Shares of Ag Growth International Inc. closed up more than 11 per cent Wednesday after the company said it had rejected an unsolicited takeover offer. AGI shares closed up $5.13, or 11.15 per cent, to $51.
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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 Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (21,897.98, down 367.07 points): Suncor Energy Inc. (TSX:SU). Energy. Down $1.07, or 1.93 per cent, to $54.47 on 16.0 million shares.
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Stock market today: Wall Street wilts to trim its May gains as bond yields keep rising

Stock market today: Wall Street wilts to trim its May gains as bond yields keep rising

NEW YORK (AP) — U.S. stocks closed lower under the weight of higher yields in the bond market. The S&P 500 fell 0.7% Wednesday, sinking further from its record set last week. The Dow Jones Industrial Average lost 1.
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National Bank profits rise, ups dividend, boosted by stable home market

National Bank profits rise, ups dividend, boosted by stable home market

TORONTO — Quebec-focused National Bank of Canada bucked the general trend of downward profits among banks this quarter as it benefited from higher stability in its home market.
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Infant girl killed in all-terrain vehicle crash in western Nova Scotia: RCMP

Infant girl killed in all-terrain vehicle crash in western Nova Scotia: RCMP

NEW ROSS, N.S. — RCMP confirmed today that an infant girl died Monday after an all-terrain vehicle crash in western Nova Scotia.
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Residential mortgage debt hits $2.16 trillion amid slowest growth in 23 years: CMHC

Residential mortgage debt hits $2.16 trillion amid slowest growth in 23 years: CMHC

OTTAWA — Canada Mortgage and Housing Corp. says the country’s total residential mortgage debt totalled $2.16 trillion as of February this year, up 3.4 per cent year-over-year and representing the slowest growth in 23 years.
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An Iceland volcano starts erupting again, spewing lava into the sky

An Iceland volcano starts erupting again, spewing lava into the sky

GRINDAVIK, Iceland (AP) — A volcano in southwestern Iceland erupted Wednesday for the fifth time since December, spewing red streams of lava in the latest display of nature’s power and triggering the evacuation of the popular Blue Lagoon geothermal s
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Gildan CEO lands 84% of votes in board election, other nominees see high support

Gildan CEO lands 84% of votes in board election, other nominees see high support

MONTREAL — Gildan Activewear Inc. says just shy of 84 per cent of shareholder votes cast in its Tuesday election were in favour of the company's newly returned CEO retaking his place on the company's board.
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