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S&P/TSX composite up almost 350 points, U.S. stock markets also rally

S&P/TSX composite up almost 350 points, U.S. stock markets also rally

TORONTO — Canada's main stock index rose almost 350 points Thursday, powered by a broad-based rally on the Toronto market, while U.S. stocks also surged higher.
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Halifax developing code of conduct for residents of designated homeless encampments

Halifax developing code of conduct for residents of designated homeless encampments

HALIFAX — Halifax Regional Municipality is developing a code of conduct for people sleeping rough at city-designated homeless encampments, many of which are growing far beyond their stated capacity.
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Maple Leaf Foods reports $26.2M Q2 loss as company prepares to spin off pork business

Maple Leaf Foods reports $26.2M Q2 loss as company prepares to spin off pork business

Maple Leaf Foods Inc. reported a loss of $26.2 million in its latest quarter compared with a loss of $53.7 million a year earlier as it prepares to spin off its pork business. The Mississauga, Ont.
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Canadian Tire's Q2 profit up even as consumers 'tightened their belts considerably'

Canadian Tire's Q2 profit up even as consumers 'tightened their belts considerably'

TORONTO — The head of Canadian Tire Corp. Ltd. says indebted shoppers are cutting back on spending even more — and he doesn't see that trend turning around quickly.
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Ottawa, facing financial crisis, pleads for 'fairness' from province and feds: mayor

Ottawa, facing financial crisis, pleads for 'fairness' from province and feds: mayor

Ottawa Mayor Mark Sutcliffe says the city is facing a "financial crisis" that raises the spectre of tax hikes and service cuts, alleging the city has been treated unfairly on issues of taxes and transit by the federal and provincial governments.
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B.C. judge refuses cash award to claimant who takes part in 'underground economy'

B.C. judge refuses cash award to claimant who takes part in 'underground economy'

SURREY, B.C. — A provincial court judge in Surrey, B.C., has thrown out a small claims case between a lumber company and a fence building firm over an "unlawful scheme" between the two to avoid paying GST and PST.
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Rail strike would take bite out of potash sales: Nutrien

Rail strike would take bite out of potash sales: Nutrien

The world's largest potash producer warned its sales volumes for 2024 could take a hit if a possible strike by thousands of Canadian rail workers goes ahead this month. Nutrien Ltd.
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Brookfield Corp. reports US$2.13B in Q2 distributable earnings, up from a year ago

Brookfield Corp. reports US$2.13B in Q2 distributable earnings, up from a year ago

TORONTO — Brookfield Corp. reported distributable earnings of US$2.13 billion in its latest quarter, up from US$1.19 billion in the same quarter last year. The investment firm, which keeps its books in U.S. dollars, says the result amounted to US$1.
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Tim Hortons parent RBI sees Q2 profit lift despite 'softer consumer environment'

Tim Hortons parent RBI sees Q2 profit lift despite 'softer consumer environment'

TORONTO — The owner of Canada's most recognizable fast-food chain managed to grow its profit in its most recent quarter, even as a pullback in consumer spending that's long been roiling retailers cropped up in the quick-serve market.
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Average rate on a 30-year mortgage falls to 6.47%, lowest level in more than a year

Average rate on a 30-year mortgage falls to 6.47%, lowest level in more than a year

The average rate on a 30-year mortgage fell this week to its lowest level in more than a year, a welcome affordability boost for prospective homebuyers and homeowners looking to refinance their home loan to a lower rate. The rate fell to 6.
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