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S&P/TSX composite index up, U.S. markets soar on Fed optimism
TORONTO — Canada's main stock index gained almost one per cent Wednesday after dipping in the morning, with gains in metals, industrials and other sectors offsetting a slip in energy stocks, while U.S. markets posted stronger gains.
Nov 30, 2022 3:03 PM
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Christmas tree farmers branch out to stay alive amid challenges
Anyone looking for that perfect Christmas tree will probably notice the 10 per cent price increase from last year, but they're less likely to see what's behind it: an industry at a turning point.
Nov 30, 2022 2:28 PM
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Powell: Fed to keep rates higher for longer to cut inflation
WASHINGTON (AP) — The Federal Reserve will push rates higher than previously expected and keep them there for an extended period, Chair Jerome Powell said Wednesday in remarks likely intended to underscore the Fed's single-minded focus on combating s
Nov 30, 2022 2:16 PM
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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 2:08 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 1:55 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 1:50 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 1:46 PM
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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 12:39 PM
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House votes to avert rail strike, impose deal on unions
WASHINGTON (AP) — The U.S.
Nov 30, 2022 11:58 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 11:37 AM
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