Skip to content
Join our Newsletter

National Business

Western Forest Products narrows loss in second quarter to $5.7 million

Western Forest Products narrows loss in second quarter to $5.7 million

VANCOUVER — Western Forest Products Inc. says it lost $5.7 million during the second quarter, compared with a loss of $20.7 million a year earlier. The Vancouver-based company says revenues were $309.
Read more >
Facebook parent Meta posts stronger-than-expected Q2 results, sending shares higher after hours

Facebook parent Meta posts stronger-than-expected Q2 results, sending shares higher after hours

SAN FRANCISCO (AP) — Facebook and Instagram parent company Meta Platforms Inc. reported stronger-than-expected results for the second quarter on Wednesday, sending shares sharply higher in after-hours trading.
Read more >
S&P/TSX up almost 300 points as oil prices rise; Wall St. rallies and Fed holds rates

S&P/TSX up almost 300 points as oil prices rise; Wall St. rallies and Fed holds rates

TORONTO — Gains in energy stocks and base metals led Canada's main stock index up almost 300 points in a broad-based rally Wednesday, while major tech names led a rally on U.S. stock markets, and the U.S.
Read more >
Conservatives launch attack ads on NDP, calling leader 'Sellout Singh'

Conservatives launch attack ads on NDP, calling leader 'Sellout Singh'

OTTAWA — The Conservative party released two new ads this week attacking NDP Leader Jagmeet Singh as a "sellout," blaming him for a national rise in crime, housing prices and costly living.
Read more >
Stock market today: S&P 500 jumps to best day in 5 months as tech rebounds, rate cuts come into view

Stock market today: S&P 500 jumps to best day in 5 months as tech rebounds, rate cuts come into view

NEW YORK (AP) — Big technology stocks drove a rally for U.S. indexes, as Wall Street grew even more convinced long-sought cuts to interest rates will be arriving soon. The S&P 500 jumped 1.6% Wednesday for its best day in five months.
Read more >
Precision Drilling attributes Canadian rig demand growth to Trans Mountain pipeline

Precision Drilling attributes Canadian rig demand growth to Trans Mountain pipeline

CALGARY — Canada's largest drilling rig contracting company has seen such surprising growth in customer demand after the opening of the Trans Mountain pipeline expansion that its CEO believes a rig shortage could be possible by next year.
Read more >
WSP Global on the hunt for big companies as acquisitions climb the to-do list

WSP Global on the hunt for big companies as acquisitions climb the to-do list

MONTREAL — WSP Global Inc. is eyeing larger acquisitions once again after working to integrate its sprawling operations as it snapped up smaller companies over the past 18 months, says CEO Alexandre L’Heureux.
Read more >
New money to expand cellular service in parts of rural N.S. with spotty coverage

New money to expand cellular service in parts of rural N.S. with spotty coverage

GREENFIELD, N.S. — Nova Scotia has announced its next steps to improve the sporadic cellular phone coverage in rural areas across the province, committing Wednesday to spend another $18.6 million to build 27 new telecommunication towers.
Read more >
Rogers jumps aboard TIFF as top sponsor of film festival, but not year-round events

Rogers jumps aboard TIFF as top sponsor of film festival, but not year-round events

TORONTO — The Toronto International Film Festival says it has signed up Rogers Communications as its new "presenting sponsor," but only for the film festival itself and only for a single year.
Read more >
The Federal Reserve sees cooler inflation and slower job market, suggesting a rate cut is nearing

The Federal Reserve sees cooler inflation and slower job market, suggesting a rate cut is nearing

WASHINGTON (AP) — The Federal Reserve said Wednesday that greater progress has been made in reducing inflation to its 2% target, a sign that the central bank is moving closer toward cutting its key interest rate for the first time in four years.
Read more >