Skip to content

National Business

Intact Financial sees earnings rise in fourth quarter of 2023

Intact Financial sees earnings rise in fourth quarter of 2023

TORONTO — Intact Financial Corp. says it earned $531 million in the fourth quarter of 2023, a 50 per cent increase from earnings of $353 million during the same quarter a year earlier. The Toronto-based company says earnings of $1.
Read more >
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 (20,584.97, down 482.33 points): Suncor Energy Inc. (TSX:SU). Energy. Down 69 cents, or 1.58 per cent, to $42.86 on 11.4 million shares.
Read more >
Conservatives would renegotiate free-trade deal with Ukraine, says MP James Bezan

Conservatives would renegotiate free-trade deal with Ukraine, says MP James Bezan

OTTAWA — A Tory member of Parliament says a future Conservative government would renegotiate Canada's trade deal with Ukraine so it contains no reference to carbon pricing.
Read more >
S&P/TSX composite tumbles almost 500 points, U.S. stock markets also fall

S&P/TSX composite tumbles almost 500 points, U.S. stock markets also fall

TORONTO — Canada's main stock index lost more than two per cent on Tuesday on a broad-based decline, following U.S. markets as they slid on news that inflation in January was hotter than expected. U.S. prices rose 3.
Read more >
Stock market today: Wall Street skids after inflation remains stubbornly high

Stock market today: Wall Street skids after inflation remains stubbornly high

NEW YORK (AP) — Stocks fell sharply after disappointing data on inflation made investors confront the bitter possibility that interest rates will stay high for months longer than they were hoping. The S&P 500 fell 1.
Read more >
B.C. police seize $11M worth of contraband cigarettes along with guns, drugs

B.C. police seize $11M worth of contraband cigarettes along with guns, drugs

Police in British Columbia say an investigation spanning several communities has led to the largest one-time seizure of contraband cigarettes in the province, with a retail value of $11 million, along with guns, ammunition and illegal drugs.
Read more >
US inflation slows but remains elevated in sign that price pressures are easing only gradually

US inflation slows but remains elevated in sign that price pressures are easing only gradually

WASHINGTON (AP) — Consumer inflation in the United States cooled last month yet remained elevated in the latest sign that the pandemic-fueled price surge is only gradually and fitfully coming under control.
Read more >
Rural internet providers divided on whether CRTC should expand wholesale fibre access

Rural internet providers divided on whether CRTC should expand wholesale fibre access

A national framework that allows smaller internet providers to offer services to customers by using rivals' fibre networks would give residents of remote regions more affordable options, the industry regulator heard on Tuesday.
Read more >
Costco executive says company always looking to lower prices, mitigate increases

Costco executive says company always looking to lower prices, mitigate increases

Costco has decreased the prices of hundreds of items since the start of 2023, according to executive Pierre Riel. The chief operating officer of Costco Wholesale Corp.
Read more >
Auto parts company Magna International announces share buyback plan

Auto parts company Magna International announces share buyback plan

TORONTO — Magna International Inc. says it may buy back up to 300,000 of its common shares under its normal course issuer bid over the coming year. The auto parts company says the bid will start on Thursday and will end no later than Feb. 14, 2025.
Read more >