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S&P/TSX composite snaps five-day skid but closed down 3.3 per cent for week
TORONTO — Canada's main stock index broke a five-day losing streak but still ended the week off 3.3 per cent as crude oil and gold prices struggled over the past five trading sessions. The S&P/TSX composite index closed up 65.39 points to 18,394.
Jul 15, 2022 2:48 PM
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Industry minister suggests Rogers outage could weigh on $26-billion Shaw deal
Federal Industry Minister François-Philippe Champagne says last week's massive outage at Rogers Communications Inc. will be on his mind as he weighs the telecom provider's proposed $26-billion takeover of Shaw Communications Inc.
Jul 15, 2022 1:41 PM
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5-letter word for fun? Hasbro, NYT create Wordle board game
The company that makes some of the world's most iconic board games including Scrabble, Monopoly, and Clue is developing a new one based on Wordle, the obsessively popular digital word-guessing game. Hasbro Inc.
Jul 15, 2022 12:55 PM
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Retail sales up 1% in June, easing fears of a recession
NEW YORK (AP) — Consumers picked up their spending from May to June, underscoring their resilience despite painfully higher prices at the gas pump and in grocery aisles and allaying fears that the economy might be on the verge of a recession. U.S.
Jul 15, 2022 12:06 PM
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Manitoba wireless carrier Xplore Mobile to shut down at end of August
Xplore Mobile Inc. will be shutting down at the end of August. The wireless carrier, which provides service to customers in Manitoba, will cease operations on Aug. 31, according to a company statement.
Jul 15, 2022 11:35 AM
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Royal Unibrew buying Toronto-based Amsterdam Brewery for $44 million
TORONTO — Royal Unibrew says it's buying Toronto-based Amsterdam Brewery Co. Ltd. for about $44 million.
Jul 15, 2022 10:33 AM
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June home sales down 24% from last year, 6% since May: CREA
The national real estate market's cooling continued with home sales falling again in June, but the Canadian Real Estate Association said the decreases are smaller than those seen in previous months.
Jul 15, 2022 9:34 AM
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Statistics Canada reports wholesale sales up 1.6 per cent in May at $81.1 billion
OTTAWA — Statistics Canada says wholesale sales rose 1.6 per cent in May to $81.1 billion, boosted by higher sales in the food, beverage and tobacco subsector and the machinery, equipment and supplies group.
Jul 15, 2022 6:58 AM
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The complex and sometimes controversial task of counting how far a dollar goes
TORONTO — It used to be said that a penny saved was a penny earned, but rising prices helped push out the penny years ago, and with inflation now running at well over seven per cent, it’s eating into every nickel and dime.
Jul 15, 2022 2:00 AM
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China's economy shrinks 2.6% during virus shutdowns
BEIJING (AP) — China’s economy contracted in the three months ending in June compared with the previous quarter after Shanghai and other cities shut down to fight coronavirus outbreaks, but the government said a “stable recovery” is under way after b
Jul 14, 2022 9:34 PM
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