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Scotiabank profits weighed down by bad loan provisions, layoff charges

Scotiabank profits weighed down by bad loan provisions, layoff charges

TORONTO — Scotiabank's profits took a sizable hit last quarter as it felt the early effects of the slowing economy, and prepared for worse to come.
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Government impersonation, phishing are top financial scams, Interac survey finds

Government impersonation, phishing are top financial scams, Interac survey finds

TORONTO — Government impersonation is one of the most common financial scams plaguing people across Canada, a new survey from payment processing company Interac Corp. has found.
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CIB provides $52M loan for Thompson Regional Airport redevelopment in Manitoba

CIB provides $52M loan for Thompson Regional Airport redevelopment in Manitoba

THOMPSON, Man. — The Canada Infrastructure Bank has signed a deal to lend $52 million to help pay for the redevelopment of Manitoba's Thompson Regional Airport including the replacement of the terminal building which is sinking into the permafrost.
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Biggest mistakes that could tarnish, or even tank, your credit rating

Biggest mistakes that could tarnish, or even tank, your credit rating

Before reaching financial milestones such as a car, home, or savings account, a credit rating might be the only thing young people own.
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American consumers more confident in November as holiday shopping season kicks into high gear

American consumers more confident in November as holiday shopping season kicks into high gear

American consumers are feeling slightly more confident this month as the all-important holiday shopping season kicks into high gear. The Conference Board, a business research group, said Tuesday that its consumer confidence index rose to 102 from 99.
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Pipeline company TC Energy raises growth outlook for 2023

Pipeline company TC Energy raises growth outlook for 2023

CALGARY — TC Energy Corp. is raising its financial guidance for the year. The company says it now expects its comparable earnings before interest, taxes, depreciation and amortization for 2023 to be up about eight per cent from 2022.
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Canada Goose buys European knitwear supplier Paola Confectii

Canada Goose buys European knitwear supplier Paola Confectii

TORONTO — Canada Goose Holdings Inc. says it has acquired a long-standing knitwear supplier and its European manufacturing facility. Financial terms of the deal for the operating assets of Paola Confectii Manufacturing were not immediately available.
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Germany's leader vows fixes for a budget crisis as the economy struggles. But he offers few details

Germany's leader vows fixes for a budget crisis as the economy struggles. But he offers few details

FRANKFURT, Germany (AP) — German Chancellor Olaf Scholz vowed Tuesday that his government will work “as fast as possible” to lay out how to solve a budget crisis, but he offered few details on how he would achieve his goals of promoting clean energy
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Russian court extends detention of Wall Street Journal reporter Gershkovich until end of January

Russian court extends detention of Wall Street Journal reporter Gershkovich until end of January

MOSCOW (AP) — A court in Moscow on Tuesday extended the detention of Wall Street Journal reporter Evan Gershkovich, arrested on espionage charges, until Jan. 30, Russian news agencies reported.
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Most actively traded companies on the Toronto Stock Exchange

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (20,032.66, down 70.45 points) Suncor Energy Inc. (TSX:SU). Energy. Down 71 cents, or 1.6 per cent, to $43.94 on 17 million shares.
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