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S&P/TSX, U.S. markets rise as August ends ahead of anticipated September rate cuts
TORONTO — Canada's main stock index rose on Friday, as strength in financial and technology stocks helped outweigh weakness in energy, while U.S. markets rose to a solid finish after a day of mixed trading.
Aug 30, 2024 2:51 PM
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Stock market today: Wall Street climbs as S&P 500 closes out fourth-straight winning month
THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below. Stocks on Wall Street bounced back from a midafternoon fade Friday, leaving the market on pace to close out its fourth-straight winning month with more gains. The S&P 500 was up 0.
Aug 30, 2024 2:13 PM
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Teamsters launch court appeal of Ottawa’s move to end rail shutdown
MONTREAL — The union representing thousands of railroaders has appealed the federal government's move that ended last week's rail shutdown — a work stoppage that halted freight and commuter traffic across the country.
Aug 30, 2024 12:42 PM
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BoC expected to cut key interest rate, despite stronger-than-anticipated growth in Q2
OTTAWA — Economists say the Bank of Canada is still on track to cut interest rates next week, despite economic growth coming in stronger than expected in the second quarter.
Aug 30, 2024 12:08 PM
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More than 4,000 Ontario corner stores approved to sell alcohol next week
TORONTO — More than 4,000 convenience stores across Ontario have been licensed to sell alcohol as new liberalized rules are set to take effect next week.
Aug 30, 2024 12:05 PM
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Cannabis retailer Tokyo Smoke to close 29 stores amid creditor protection proceedings
TORONTO — Cannabis retailer Tokyo Smoke says it will be shuttering 29 of its stores as it seeks creditor protection. The closures are part of a restructuring the brand is carrying out under the Companies' Creditors Arrangement Act.
Aug 30, 2024 11:37 AM
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Cost of new Vancouver Art Gallery spikes from $400M to $600M, forcing redesign
VANCOUVER — The Vancouver Art Gallery says the construction cost of its planned new home has jumped from an original estimate of $400 million to $600 million, forcing a redesign.
Aug 30, 2024 11:33 AM
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2 women charged in Lululemon shoplifting scheme in Minneapolis
MINNEAPOLIS (AP) — Two Minnesota women are charged with organizing thefts of several thousand dollars' worth of merchandise from a Lululemon store in Minneapolis and then funneling the stolen goods through a suburban nail salon.
Aug 30, 2024 10:46 AM
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Ottawa posts federal deficit of $2.9B from April to June
OTTAWA — The Finance Department says the federal deficit was $2.9 billion over the first three months of the fiscal year. The result compared with a $3.
Aug 30, 2024 9:19 AM
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Scotiabank closes first phase of investment in U.S. bank KeyCorp
TORONTO — Scotiabank says it has completed the first step in its investment in KeyCorp with the acquisition of a 4.9 per cent stake in the U.S. bank. The Canadian bank says it paid US$17.17 per share or about US$800 million for the stake.
Aug 30, 2024 9:13 AM
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