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National Business
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Five things to know about Canada's lucrative baby eel fishery
HALIFAX — Tiny, translucent baby eels, called elvers, are back in the news after two Mi’kmaq men from Nova Scotia reported being detained by federal fisheries officers and then left far from home at 1 a.m.
Apr 4, 2024 5:22 PM
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Markets turn red after Fed official questions need to cut interest rates this year
TORONTO — Canada and U.S. markets ended the trading day in the red, reversing course mid-afternoon after spending the majority of the day higher. While Canada's main stock index finished the day just mildly lower on Thursday, U.S.
Apr 4, 2024 4:58 PM
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Provincial subsidy for Cape Breton railway line not being renewed: minister
HALIFAX — A $30,000 monthly subsidy intended to preserve a disused Cape Breton rail line will not be renewed, Nova Scotia’s economic development minister said Thursday.
Apr 4, 2024 4:40 PM
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Montreal airport CEO unveils $4-billion plan to boost capacity, reduce congestion
MONTREAL — The authority overseeing the Montreal airport plans to spend nearly $4 billion in a bid to reduce congestion and ramp up capacity at the country's second-biggest flight hub.
Apr 4, 2024 4:33 PM
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Home prices could reach peak levels by next year, set new highs in 2026: CMHC report
The Canada Mortgage and Housing Corp. is forecasting home prices could match peak levels seen in early 2022 by next year and reach new highs by 2026.
Apr 4, 2024 4:20 PM
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Ford Motor Co. delays start of EV production at Oakville, Ont., plant until 2027
TORONTO — Ford Motor Co. is delaying the start of electric vehicle production at its Oakville, Ont. plant by two years, at a time when growth in the EV market is falling short of the automobile industry's ambitions. The U.S.
Apr 4, 2024 4:01 PM
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Dollarama reports increased profit as it attracts budget-conscious customers
Dollarama Inc.'s new chief financial officer says shrinkage — a metric the company uses to track inventory lost through theft, damage and fraud — has increased but is showing signs of plateauing.
Apr 4, 2024 3:47 PM
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Free blue checks are back for some accounts on Elon Musk's X. Not everyone is happy about it
NEW YORK (AP) — Elon Musk's X, the platform formerly known as Twitter, has begun restoring complimentary blue checks for some of its users, the latest unexpected shift to cause a lot of confusion on the platform.
Apr 4, 2024 2:01 PM
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Crypto-trading platform Coinbase secures registration licence in Canada
TORONTO — Canadian regulators have cleared crypto-trading platform Coinbase to do business in the country as a restricted dealer. Coinbase says it means they're the first international and largest cryptocurrency exchange to be registered in Canada.
Apr 4, 2024 12:56 PM
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Statistics Canada says trade surplus up in February as gold exports hit record high
OTTAWA — Canada's merchandise trade surplus increased to $1.4 billion in February as exports of gold hit an all-time high, Statistics Canada said Thursday. The agency said the result compared with a revised surplus of $608 million in January.
Apr 4, 2024 12:33 PM
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