Skip to content

National Business

Bank of Canada warns of uneven recovery despite better than expected bounce-back

Bank of Canada warns of uneven recovery despite better than expected bounce-back

OTTAWA — The Bank of Canada sought Wednesday to temper economic excitement about a sharper-than-expected rebound from the depths of the COVID-19 crisis, pointing to worrying trends that signal all is still not well.
Read more >
U.S. job posting rise to 6.6 million in July

U.S. job posting rise to 6.6 million in July

WASHINGTON — U.S. employers advertised more jobs but hired fewer workers in July, sending mixed signals about the job market in the wake of the coronavirus outbreak. The Labor Department said Wednesday that the number of U.S.
Read more >
CMHC reports annual pace of housing starts in Canada picked up in August

CMHC reports annual pace of housing starts in Canada picked up in August

Builders broke ground on more new homes in August amid a surge in construction on apartments, condos and other types of multiple-unit housing projects in urban centres.
Read more >
Boeing finds new problem with 787 that will delay deliveries

Boeing finds new problem with 787 that will delay deliveries

Boeing has recorded its first orders of the year for the grounded 737 Max, but a new flaw has surfaced in another of its planes, compounding the company's struggle to recover during a pandemic that has undercut demand for new jetliners.
Read more >
Lululemon Q2 profits slips but sales increase, driven by e-commerce surge

Lululemon Q2 profits slips but sales increase, driven by e-commerce surge

VANCOUVER — Lululemon Athletica Inc. beat expectations as second-quarter profits slipped despite a two-per-cent increase in sales driven by a surge in online revenues. The Vancouver-based athleisure retailer says it earned US$86.
Read more >
Tech startup leader John Ruffolo injured in truck collision while cycling

Tech startup leader John Ruffolo injured in truck collision while cycling

TORONTO — Technology investment leader John Ruffolo has been paralyzed below the waist after being hit by a truck while cycling last week.
Read more >
Most actively traded companies on the TSX

Most actively traded companies on the TSX

TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (16,099.52, down 118.49 points.) Suncor Energy Inc. (TSX:SU). Energy. Down $1.72, or 8.5 per cent, to $18.52 on 31.8 million shares.
Read more >
S&P/TSX composite down as Nasdaq loses 10 per cent over three days

S&P/TSX composite down as Nasdaq loses 10 per cent over three days

TORONTO — Canada's main stock index fared better than its U.S. counterparts Tuesday even as the technology pullback carried over into a second week of trading. The S&P/TSX composite index closed down 118.49 points or 0.73 per cent to 16,099.52.
Read more >
Great-West subsidiary buys MassMutual retirement services business in $4.4B deal

Great-West subsidiary buys MassMutual retirement services business in $4.4B deal

WINNIPEG — A Great-West Lifeco Inc. subsidiary aims to strengthen its position in the U.S. market with a $4.4-billion acquisition of the retirement services business of Massachusetts Mutual Life Insurance Co.
Read more >
Consumer borrowing follows June gain with 3.6% rise in July

Consumer borrowing follows June gain with 3.6% rise in July

WASHINGTON — U.S. consumer borrowing rose by a solid 3.6% in July, the second monthly gain after the coronavrius pandemic had sent borrowing down sharply in the previous three months. The Federal Reserve reported Tuesday that the 3.
Read more >