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S&P/TSX composite up more than 90 points, U.S. markets down
TORONTO — Canada's main stock index was up by more than 90 points on the first day of the month after a mid-morning trading halt due to a technical problem, while U.S. stocks were down on hotter-than-expected employment data and tech stocks.
Nov 1, 2022 4:41 PM
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A look at recent stock exchange outages around the world
Tuesday's outage at the Toronto Stock Exchange that temporarily halted trading may have frustrated investors and traders, but it's not the only high-profile technical glitch to affect a major global securities exchange in recent years.
Nov 1, 2022 4:33 PM
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EQ Bank closes $495 million takeover of Concentra Bank
TORONTO — EQ Bank owner Equitable Group Inc. said Tuesday it has closed its takeover of Concentra Bank in a deal valued at $495 million. The takeover of Concentra boosts Equitable's assets under management base by $13.
Nov 1, 2022 4:17 PM
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Stocks end lower as hot jobs data signals aggressive Fed
NEW YORK — Stocks gave up early gains and ended lower on Wall Street after an unexpectedly strong report on the job market raised concerns that the Federal Reserve will need to keep the pressure on inflation with aggressive interest rate increases.
Nov 1, 2022 4:08 PM
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Union expresses concern over Sunwing's proposed hiring of temporary foreign pilots
MONTREAL — A labour union is raising concerns about Sunwing's proposal to hire temporary foreign workers to address Canada's pilot shortage in preparation for the winter travel surge, arguing the airline hasn't done enough to attract local employees
Nov 1, 2022 2:51 PM
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Molson Coors grappling with inflation as it reports Q3 profit down from year ago
Molson Coors Beverage Co.'s chief executive says inflation has been a "significant headwind" for the brewer, weighing on its third-quarter profits even as sales increased.
Nov 1, 2022 2:35 PM
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Canadian Dairy Commission approves milk price increase for 2023 amid rising costs
Milk prices in Canada are expected to go up again in the new year. The Canadian Dairy Commission said Tuesday it has approved an increase in farm gate milk prices of about 2.2 per cent, or just under two cents per litre, effective Feb. 1, 2023.
Nov 1, 2022 2:24 PM
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Turquoise Hill delays shareholder vote on Rio Tinto deal to take it private
TORONTO — Turquoise Hill Resources Ltd. has delayed a shareholder meeting to vote on Rio Tinto's deal to take the company private.
Nov 1, 2022 1:34 PM
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Calgary sales fall 15% in Oct., but on track for record year: real estate board
CALGARY — The Calgary Real Estate Board says the city is on track to record a record year for home sales, even as the number of transactions in October fell 15 per cent from the year before.
Nov 1, 2022 1:31 PM
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Fresh off Twitter acquisition, Musk suits up for Halloween
NEW YORK (AP) — Elon Musk didn't let the responsibilities of becoming CEO at a third major company curb his Halloween spirit this year.
Nov 1, 2022 12:09 PM
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