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Canadian banks face squeeze between climate expectations, market pressures

Canadian banks face squeeze between climate expectations, market pressures

TORONTO — In May, Canadian banks offered support to those affected by an early wave of wildfires in Alberta. In June, they extended the offer to those hit in Nova Scotia, and some expanded it further as fires also raged in Quebec and Ontario.
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Five things to watch for in the Canadian business world in the coming week

Five things to watch for in the Canadian business world in the coming week

TORONTO — Five things to watch for in the Canadian business world in the coming week: Markets Trading on financial markets is expected to be light as it is the last full week before the Labour Day holiday. The week comes sandwiched between U.S.
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Grocery delivery company Instacart files for long-awaited IPO

Grocery delivery company Instacart files for long-awaited IPO

Grocery delivery company Instacart is going public. The San Francisco-based company filed paperwork Friday with the U.S. Securities and Exchange Commission. The IPO is expected to happen in the next few weeks.
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Fire at Louisiana oil refinery sends tower of black smoke into the air, but no injuries reported

Fire at Louisiana oil refinery sends tower of black smoke into the air, but no injuries reported

GARYVILLE, La.
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Kimberly-Clark pulling Kleenex tissues from store shelves in Canada

Kimberly-Clark pulling Kleenex tissues from store shelves in Canada

TORONTO — Canadians soon won't find Kleenex tissues on store shelves. The Kleenex consumer facial tissue business is leaving Canada this month, U.S. manufacturer Kimberly-Clark said in a statement Friday.
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Metro seeks injunction against striking workers preventing deliveries to stores

Metro seeks injunction against striking workers preventing deliveries to stores

TORONTO — Metro Inc. is seeking an injunction against striking employees who are picketing its warehouses and preventing deliveries to stores in Ontario, the grocer said Friday.
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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 Friday on the Toronto Stock Exchange: Toronto Stock Exchange (19,835.75, up 59.92 points): Toronto-Dominion Bank. (TSX:TD). Finance. Down 30 cents, or 0.37 per cent, to $80.37 on 6.3 million shares.
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ECB's Lagarde says interest rates to stay high as long as needed to defeat inflation

ECB's Lagarde says interest rates to stay high as long as needed to defeat inflation

JACKSON HOLE, Wyoming (AP) — Interest rates in the European Union will need to stay high “as long as necessary” to slow still-high inflation, Christine Lagarde, president of the European Central Bank, said Friday.
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S&P/TSX composite up, U.S. stock markets also rise Friday after Powell speech

S&P/TSX composite up, U.S. stock markets also rise Friday after Powell speech

TORONTO — Canada's main stock index climbed on Friday, buoyed by strength in the energy sector, while U.S. markets also rose following a speech by U.S.
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Stock market today: Wall Street ends higher and breaks a 3-week losing streak

Stock market today: Wall Street ends higher and breaks a 3-week losing streak

NEW YORK (AP) — Wall Street closed higher, breaking a 3-week losing streak, after the head of the Federal Reserve said it will “proceed carefully” as it decides what to do with interest rates. The S&P 500 rose 0.
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