Skip to content

National Business

Laurentian Bank launches strategic plan after $117.5M loss, revenue fall in Q2

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.
Read more >
Federal government posts $50.9 billion deficit for 2023-24 fiscal year

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.
Read more >
Canadian economic growth slower than expected in Q1, sets up possible rate cut

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.
Read more >
Unifor alleges Amazon ramped up hiring at B.C. warehouse ahead of union vote

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.
Read more >
Fisheries Department issues warnings about lobster trap tampering in Nova Scotia

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.
Read more >
Hitachi Rail to add 1,000 Canadian employees as Thales deal closes

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.
Read more >
An inflation gauge closely tracked by Federal Reserve rises at slowest pace this year

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.
Read more >
Trump Media shares are climbing a day after post conviction sell-off overnight

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.
Read more >
CWB Financial Group raises dividend as Q2 profit up from year ago

CWB Financial Group raises dividend as Q2 profit up from year ago

EDMONTON — CWB Financial Group raised its quarterly dividend to 35 cents per common share, up one cent from its previous quarter, as it reported its second-quarter profit rose compared with a year ago.
Read more >
Inflation ticked up in Europe in May. That likely won't stop a central bank rate cut next week

Inflation ticked up in Europe in May. That likely won't stop a central bank rate cut next week

FRANKFURT, Germany (AP) — Inflation ticked up to an annual 2.6% in Europe in May, according to official figures on Friday. That's more than expected as a painful spike in consumer prices takes its time to fade away .
Read more >