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National Business
National Business
BRP slashes production as cooler Ski-Doo demand drives down revenue
BRP Inc. said it will further cut production this year after sagging demand for Ski-Doos pushed the powersport company to its first quarterly loss since 2017.
May 31, 2024 4:14 PM
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Stock market today: Late push sends Wall Street mostly higher, closing out another winning month
NEW YORK (AP) — Stocks ended mostly higher on Wall Street, closing out the market’s latest winning month. The S&P 500 shook off a midday slump and ended 0.8% higher Friday.
May 31, 2024 4:11 PM
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Laurentian Bank launches strategic plan after $117.5M loss, revenue fall in Q2
MONTREAL — Laurentian Bank of Canada's chief executive says it's launching a new strategic plan meant to make the company "stronger, sustainable, and more profitable.
May 31, 2024 4:04 PM
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Federal government posts $50.9 billion deficit for 2023-24 fiscal year
OTTAWA — The federal government ended the 2023-24 fiscal year with a deficit of $50.9 billion. The result for the April-to-March period compared with a deficit of $41.3 billion reported for the same stretch of its 2022-23 fiscal year.
May 31, 2024 3:19 PM
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Canadian economic growth slower than expected in Q1, sets up possible rate cut
OTTAWA — Canadian economic growth came in slower than expected for the first quarter, strengthening the case for a possible interest rate cut by the Bank of Canada next week. Statistics Canada said Friday the economy grew at an annualized rate of 1.
May 31, 2024 3:14 PM
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Unifor alleges Amazon ramped up hiring at B.C. warehouse ahead of union vote
Unifor has filed an unfair labour practice complaint against Amazon amid a vote by workers at a Delta, B.C., warehouse over whether they want to join the union.
May 31, 2024 3:09 PM
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Fisheries Department issues warnings about lobster trap tampering in Nova Scotia
HALIFAX — The federal Fisheries Department is investigating reports of gear tampering in lobster fishing areas in eastern Nova Scotia.
May 31, 2024 12:46 PM
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Hitachi Rail to add 1,000 Canadian employees as Thales deal closes
TORONTO — Hitachi Rail says it is adding around 1,000 employees in Canada through its $2.5-billion acquisition of Thales' Ground Transportation Systems.
May 31, 2024 12:19 PM
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An inflation gauge closely tracked by Federal Reserve rises at slowest pace this year
WASHINGTON (AP) — A price gauge closely tracked by the Federal Reserve cooled slightly last month, a sign that inflation may be easing after running high in the first three months of this year.
May 31, 2024 10:41 AM
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Trump Media shares are climbing a day after post conviction sell-off overnight
Shares of Trump Media & Technology Group, the owner of social networking site Truth Social , are climbing shortly after the opening bell Friday after former President Donald Trump was convicted in his hush money trial.
May 31, 2024 9:35 AM
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