Skip to content

National Business

Trump says he will 'demand' that interest rates come down, but it won't be that simple

Trump says he will 'demand' that interest rates come down, but it won't be that simple

WASHINGTON (AP) — President Donald Trump has pledged cheaper prices and lower interest rates, but an economy transformed by the pandemic will make those promises difficult to keep. Economic growth is solid , driven by healthy consumer spending .
Read more >
S&P/TSX composite up more than 100 points, U.S. stock markets also rise

S&P/TSX composite up more than 100 points, U.S. stock markets also rise

TORONTO — Canada's main stock index rose more than 100 points Thursday, helped by strength in industrial and utility stocks, while U.S. stock markets also rose. The S&P/TSX composite index closed up 122.58 points at 25,434.08.
Read more >
Stock market today: S&P 500 climbs to its first record of 2025

Stock market today: S&P 500 climbs to its first record of 2025

NEW YORK (AP) — U.S. stocks rose to their first all-time high of 2025 as Wall Street regained a bit of the momentum that catapulted it to 57 records last year. The S&P 500 rose 0.
Read more >
Fishers worried by N.S. premier's musings over lifting oil-exploration moratorium

Fishers worried by N.S. premier's musings over lifting oil-exploration moratorium

HALIFAX — Nova Scotia seafood industry representatives voiced concerned Thursday over comments from the premier that he's open to ending a moratorium on fossil fuel drilling in the rich Georges Bank fishing grounds.
Read more >
Purdue Pharma and owners to pay $7.4 billion in settlement to lawsuits over the toll of OxyContin

Purdue Pharma and owners to pay $7.4 billion in settlement to lawsuits over the toll of OxyContin

Members of the family who own OxyContin maker Purdue Pharma, and the company itself, agreed to pay up to $7.
Read more >
Tesla raising prices for its vehicles in Canada by up to $9,000 starting Feb. 1

Tesla raising prices for its vehicles in Canada by up to $9,000 starting Feb. 1

TORONTO — Tesla Inc. is raising prices for its Canadian vehicles by thousands of dollars starting Feb.1 amid big shifts in incentives and rising trade tension.
Read more >
Manitoba regulator approves hikes in natural gas, northern propane rates

Manitoba regulator approves hikes in natural gas, northern propane rates

WINNIPEG — Manitobans are going to pay a bit more for natural gas as well as propane used for home heating. The province's Public Utilities Board has approved an increase for natural gas by Centra Gas as of Feb. 1.
Read more >
Purdue Pharma owners could pay $7.4 billion in new settlement to lawsuits over the toll of OxyContin

Purdue Pharma owners could pay $7.4 billion in new settlement to lawsuits over the toll of OxyContin

Members of the family who own OxyContin maker Purdue Pharma agreed to pay up to $7.4 billion in a new settlement to lawsuits over the toll of the powerful prescription painkiller, New York Attorney General Letitia James announced Thursday.
Read more >
Union Pacific delivers 7% more profit as investors get good view of industry with CSX also reporting

Union Pacific delivers 7% more profit as investors get good view of industry with CSX also reporting

OMAHA, Neb. (AP) — Union Pacific reported 7% more fourth-quarter profit as the railroad prepared to deal with whatever challenges President Donald Trump's administration or the economy might present.
Read more >
Statistics Canada reports November retail sales flat at $67.6 billion

Statistics Canada reports November retail sales flat at $67.6 billion

OTTAWA — Canadian retail sales in November were flat compared with October, but an early estimate by Statistics Canada pointed to a rebound in December which saw the start of Ottawa's GST/HST holiday.
Read more >