Skip to content

National Business

Maple Leaf Foods swings back to Q1 profit as pork markets show signs of improvement

Maple Leaf Foods swings back to Q1 profit as pork markets show signs of improvement

MISSISSAUGA, Ont. — Pork markets are showing signs of improvement, said Maple Leaf Foods Inc. chief executive Curtis Frank, helping the company achieve a profit in its first quarter compared with a year ago even as sales edged lower.
Read more >
Air Canada pins hopes on business travellers after profits fall

Air Canada pins hopes on business travellers after profits fall

MONTREAL — Canadian airlines have enjoyed a two-year boom amid consumer hunger for post-pandemic travel. But as that pent-up demand recedes, the country's largest carrier hopes to ramp up ticket sales to corporate customers instead.
Read more >
Stock market today: Wall Street climbs to trim its loss for the week

Stock market today: Wall Street climbs to trim its loss for the week

NEW YORK (AP) — U.S. stocks closed higher and trimmed their losses for the week. The S&P 500 climbed 0.9% Thursday, a day after swinging sharply when the Federal Reserve said it’s likely delaying cuts to interest rates.
Read more >
Galen Weston pushes back on 'misguided criticism' of Loblaw as boycott begins

Galen Weston pushes back on 'misguided criticism' of Loblaw as boycott begins

Loblaw chairman Galen Weston, as well as the company's new chief executive, pushed back on what they called “misguided criticism” of the grocer as a boycott againstthe company gains steam online.
Read more >
Dividend hike, CEO pay questioned at BCE annual meeting following job cuts

Dividend hike, CEO pay questioned at BCE annual meeting following job cuts

Frustration over BCE Inc.'s 4,800 job cuts earlier this year spilled over at the company's annual general meeting on Thursday, as investors and employees questioned executives on their compensation during a period of belt-tightening for staff.
Read more >
Parkland says lots of buyer interest in its fuel, convenience store locations

Parkland says lots of buyer interest in its fuel, convenience store locations

CALGARY — Fuel retailer Parkland Corp. said Thursday the 157 Canadian fuel and convenience store locations it has put up for sale are generating a great deal of interest from prospective buyers.
Read more >
Nova Scotia to keep requirement for motor vehicle safety inspections following review

Nova Scotia to keep requirement for motor vehicle safety inspections following review

HALIFAX — Nova Scotia’s public works minister says that after a review by her department, the province will be keeping its current motor vehicle inspection requirement in place.
Read more >
TD Bank hit with $9.2M penalty after failing to report suspicious transactions

TD Bank hit with $9.2M penalty after failing to report suspicious transactions

TORONTO — Canada’s financial-crime watchdog has levied a $9.2-million penalty against The Toronto-Dominion Bank for non-compliance with money laundering and terrorist financing measures as the bank also faces compliance investigations in the U.S.
Read more >
There's a limit to how much interest rates in Canada and U.S. can diverge: Macklem

There's a limit to how much interest rates in Canada and U.S. can diverge: Macklem

OTTAWA — Canadian interest rates don't have to match U.S. or global rates, Bank of Canada governor Tiff Macklem says, but they need to stay within a certain ballpark.
Read more >
Statistics Canada says merchandise trade deficit $2.3 billion in March

Statistics Canada says merchandise trade deficit $2.3 billion in March

OTTAWA — Canada posted a merchandise trade deficit of $2.3 billion in March, its largest deficit since June last year, Statistics Canada said Thursday.
Read more >