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Royal Bank raises dividend and plans buybacks as results hit by cautious outlook

Royal Bank raises dividend and plans buybacks as results hit by cautious outlook

TORONTO — Royal Bank of Canada's cautious outlook on the future led to a notable build in its provisions for potential loan losses in the quarter, though profits also rose and it increased payouts to shareholders.
Last-minute changes to Ontario mining bill are not good enough, First Nations say

Last-minute changes to Ontario mining bill are not good enough, First Nations say

TORONTO — Last-minute changes to a controversial Ontario mining bill are not good enough and ignore a central plea to work together on drafting legislation, First Nations said Thursday.
Nova Scotia to survey public on expanding retail sale of alcohol

Nova Scotia to survey public on expanding retail sale of alcohol

HALIFAX — Nova Scotia announced a month-long public survey Thursday as the provincial government considers expanding alcohol sales to retail outlets like grocery and corner stores.
CEO pay rose nearly 10% in 2024 as stock prices and profits soared

CEO pay rose nearly 10% in 2024 as stock prices and profits soared

NEW YORK (AP) — The typical compensation package for chief executives who run companies in the S&P 500 jumped nearly 10% in 2024 as the stock market enjoyed another banner year and corporate profits rose sharply.
Victoria's Secret US website is down as lingerie seller addresses 'security incident'

Victoria's Secret US website is down as lingerie seller addresses 'security incident'

NEW YORK (AP) — Victoria's Secret has taken down its U.S. website and says some in-store services will be unavailable as it addresses an unspecified “security incident.
Vanguard, UofT launch AI partnership that will create several research labs

Vanguard, UofT launch AI partnership that will create several research labs

TORONTO — U.S. investment advisor Vanguard and the University of Toronto are teaming up to create several labs dedicated to artificial intelligence.
Are solar panels worth the investment? Yes — usually — but it depends where you live

Are solar panels worth the investment? Yes — usually — but it depends where you live

MONTREAL — When she looked into installing solar panels on her roof, Heather McDiarmid came across an unexpected hitch.
More Americans file for jobless aid but layoffs remain low despite economic uncertainty over tariffs

More Americans file for jobless aid but layoffs remain low despite economic uncertainty over tariffs

WASHINGTON (AP) — Filings for U.S. jobless aid jumped last week but American workers broadly remain secure in their jobs despite economic uncertainty over global trade.
BMO reports rise in profit even as companies remain hesitant on borrowing

BMO reports rise in profit even as companies remain hesitant on borrowing

TORONTO — BMO Financial Group's second-quarter profit rose from a year ago even as its Canadian banking and capital markets divisions saw income drop from tariff-related uncertainty. The bank on Wednesday reported a net income of $1.
Hit by Trump trade wars, U.S. economy falls 0.2% in first quarter, an upgrade from initial estimate

Hit by Trump trade wars, U.S. economy falls 0.2% in first quarter, an upgrade from initial estimate

WASHINGTON (AP) — The U.S. economy shrank at a 0.