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National Business
National Business
Payments tech company Lightspeed Commerce conducting strategic review of business
After media reports surfaced claiming Lightspeed Commerce Inc. was exploring a potential sale, the tech firm says it's conducting a review of its operations meant to help it with "realizing its full potential.
Sep 26, 2024 2:31 PM
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OpenAI looks to shift away from nonprofit roots and convert itself to for-profit company
OpenAI's history as a nonprofit research institute that also sells commercial products like ChatGPT may be coming to an end as the San Francisco company looks to more fully convert itself into a for-profit corporation accountable to shareholders.
Sep 26, 2024 2:29 PM
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Housing starts up in six largest cities but construction still not closing supply gap
The Canada Mortgage and Housing Corp. says construction of new homes in Canada's six largest cities rose four per cent year-over-year during the first half of 2024, but housing starts were still not enough to meet growing demand.
Sep 26, 2024 12:22 PM
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Montreal dockworkers approve strike mandate
MONTREAL — Dockworkers at the Port of Montreal have approved a strike mandate after more than a year of contract negotiations. Longshore workers voted 97.
Sep 26, 2024 11:34 AM
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National Bank receives Competition Bureau clearance for deal to buy CWB
MONTREAL — National Bank of Canada has cleared a key regulatory hurdle in its proposed acquisition of Canadian Western Bank. The Montreal-based bank said Thursday it has received the Competition Bureau's clearance for the deal.
Sep 26, 2024 11:07 AM
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US economy grew at a solid 3% rate last quarter, government says in final estimate
WASHINGTON (AP) — The American economy expanded at a healthy 3% annual pace from April through June, boosted by strong consumer spending and business investment, the government said Thursday, leaving its previous estimate unchanged.
Sep 26, 2024 10:27 AM
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Tempted to switch to an online-only bank? Know the perks and drawbacks
Switching to an online-only bank more than a decade ago was just another way Jessica Morgan was trying to save money at the time as a new grad. "Saving money was the main motivator," Morgan, now a financial educator and founder of Canadianbudget.
Sep 26, 2024 10:00 AM
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TD Bank announces new co-heads of U.S. commercial banking business
TORONTO — Toronto-Dominion Bank has named new co-heads of its U.S. commercial banking business. TD says Andy Bregenzer and Jill Gateman will jointly lead the operations.
Sep 26, 2024 9:57 AM
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Court approves sale of Sleep Country to Fairfax Financial
TORONTO — The sale of Sleep Country Canada Holdings Inc. to Fairfax Financial Holdings Ltd. has received final court approval.
Sep 26, 2024 9:22 AM
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Ports seek order to force dockworkers to bargaining table as strike looms at East and Gulf ports
DETROIT (AP) — With a strike deadline looming , the group representing East and Gulf Coast ports is asking a federal agency to make the Longshoremen's union come to the bargaining table to negotiate a new contract. The U.S.
Sep 26, 2024 9:22 AM
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