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National Business
National Business
Stocks rally after Fed chair signals slowdown in rate hikes
NEW YORK — Stocks rallied on Wall Street after the head of the Federal Reserve said the central bank could soon ease up on its aggressive pace of interest rate hikes aimed at taming inflation.
Nov 30, 2022 1:08 PM
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National Bank reports Q4 profit down from year ago, raises quarterly dividend
TORONTO — Lower income in financial markets helped lead to an overall drop in income for National Bank of Canada in the fourth quarter, even as other segments gained.
Nov 30, 2022 12:55 PM
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Tax implications of Rogers-Shaw deal discussed at hearing before tribunal
OTTAWA — Canada's competition watchdog is warning that the tax revenue implications of Rogers Communications Inc.'s $26-billion proposed takeover of Shaw Communications Inc.
Nov 30, 2022 12:50 PM
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RBC moves to boost capital after announcing $13.5Bn deal for HSBC Canada
TORONTO — Royal Bank of Canada is taking measures to boost its capital on hand after announcing a $13.5 billion deal on Tuesday to buy HSBC Bank Canada amid heightened market uncertainty.
Nov 30, 2022 12:46 PM
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New census data shows how commuting dropped during pandemic, labour force aging
OTTAWA — New census data shows commuting levels dropped significantly in 2021 compared to 2016, and while some of that decline has rebounded, transit ridership hasn't fully recovered. According to Statistics Canada, there were 2.
Nov 30, 2022 11:54 AM
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Alta. sovereignty act damaging to business: Calgary Chamber of Commerce
CALGARY — Alberta's proposed sovereignty act threatens to scare off investors and talent and derail the province's plans for economic growth, a prominent business group warned Wednesday.
Nov 30, 2022 11:39 AM
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House votes to avert rail strike, impose deal on unions
WASHINGTON (AP) — The U.S.
Nov 30, 2022 10:58 AM
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BRP reports Q3 profit and revenue up from year ago, raises guidance
VALCOURT, Que. — BRP Inc. reported its third-quarter profit and revenue rose compared with a year ago and raised guidance for its full year.
Nov 30, 2022 10:37 AM
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Canopy breaks out Canadian operations in new unit, lays off 55
SMITHS FALLS, Ont. — Canopy Growth Corp. says it will be breaking out its Canadian cannabis operations into a stand-alone business unit and laying off 55 staff. Brenna Eller, the Smiths Falls, Ont.
Nov 30, 2022 10:36 AM
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Western Forest Products to temporarily reduce lumber production levels in December
VANCOUVER — Western Forest Products Inc. says it will temporarily reduce its lumber production levels for the rest of the year. The Vancouver-based forest products company says the reduction will amount to about 200 million fewer board feet.
Nov 30, 2022 9:26 AM
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