Skip to content

National Business

Gildan smashes through expectations with record Q1 sales and profits up nearly 50%

Gildan smashes through expectations with record Q1 sales and profits up nearly 50%

MONTREAL — Gildan Activewear Inc. smashed through expectations as its net profit soared nearly 50 per cent in its latest quarter on record revenue due to stronger demand in North America.
Read more >
North American stock markets surge after Fed says even larger rate hike not on table

North American stock markets surge after Fed says even larger rate hike not on table

TORONTO — North American stock markets surged Wednesday afternoon after the U.S. Federal Reserve announced its largest interest rate hike in 22 years but extinguished fears of even bigger increases to come. The U.S.
Read more >
Canadian shoppers shift to discount stores, No Name brand amid high inflation: Loblaw

Canadian shoppers shift to discount stores, No Name brand amid high inflation: Loblaw

Canada's big three grocers say rising food prices are shaping shopping habits, with Loblaw Companies Ltd. the latest to offer insight into how people are saving money on their grocery bill amid soaring inflation.
Read more >
Montreal home sales down 17% in April: Quebec brokers association

Montreal home sales down 17% in April: Quebec brokers association

MONTREAL — A Quebec real estate organization says last month's Montreal home sales dropped by 17 per cent since last year, making it the least active April the market has seen since 2017.
Read more >
Shares in Iamgold fall after it says Côté Gold project to cost more than expected

Shares in Iamgold fall after it says Côté Gold project to cost more than expected

TORONTO — Shares in Iamgold Corp. were down more than 25 per cent in afternoon trading after the company warned its Côté Gold project will cost more than expected.
Read more >
Sections of B.C. LNG line complete, partnership on disputed portion: Coastal GasLink

Sections of B.C. LNG line complete, partnership on disputed portion: Coastal GasLink

VANCOUVER — The company behind the Coastal GasLink liquefied natural gas pipeline across northern British Columbia says it is nearing 65 per cent overall completion of the project.
Read more >
Canada posts $2.5B trade surplus for March as imports and exports hit record highs

Canada posts $2.5B trade surplus for March as imports and exports hit record highs

OTTAWA — Canada posted a $2.5-billion merchandise trade surplus for March as both imports and exports climbed to record highs, Statistics Canada said Wednesday. The result compared with a revised surplus of $3.
Read more >
Intuit to pay $141M settlement over 'free' TurboTax ads

Intuit to pay $141M settlement over 'free' TurboTax ads

NEW YORK (AP) — The company behind the TurboTax tax-filing program will pay $141 million to customers across the United States who were deceived by misleading promises of free tax-filing services, New York's attorney general announced Wednesday.
Read more >
ATCO to build fuelling stations for CP Rail's hydrogen locomotive program

ATCO to build fuelling stations for CP Rail's hydrogen locomotive program

CALGARY — ATCO Group says it has reached a deal with Canadian Pacific Railway Ltd. to build two hydrogen production and refuelling stations in Alberta.
Read more >
DesRosiers says Canadian auto sales dropped 13 per cent in April

DesRosiers says Canadian auto sales dropped 13 per cent in April

TORONTO — DesRosiers Automotive Consultants says auto sales were down 13.3 per cent in April compared to the same month a year earlier when the semiconductor shortage first started to significantly hamper sales.
Read more >