Skip to content

National Business

S&P/TSX composite down more than 200 points, U.S. stock markets also lower

S&P/TSX composite down more than 200 points, U.S. stock markets also lower

TORONTO — Canada's main stock index was down more than 200 points Wednesday, with financials, metals and industrials leading the decline, while U.S. stock markets also retreated as debates over the country's debt ceiling remained unresolved.
Read more >
BMO and Scotiabank report slowing growth, credit provisions put pressure on earnings

BMO and Scotiabank report slowing growth, credit provisions put pressure on earnings

TORONTO — Weakening economic conditions weighed on Canadian banks as they began to report second quarter results Wednesday.
Read more >
AI guru Yoshua Bengio says regulation too slow, warns of 'existential' threats

AI guru Yoshua Bengio says regulation too slow, warns of 'existential' threats

MONTREAL — Artificial intelligence pioneer Yoshua Bengio says regulation in Canada is on the right path, but progress is far too sluggish.
Read more >
A June pause in rate hikes would be a close call for Fed officials, minutes of last meeting show

A June pause in rate hikes would be a close call for Fed officials, minutes of last meeting show

WASHINGTON (AP) — Federal Reserve officials were divided earlier this month on whether to pause their interest rate hikes at their upcoming meeting in June, according to the minutes of their May 2-3 meeting released Wednesday.
Read more >
Target becomes latest company to suffer backlash for LGBTQ+ support, pulls some Pride month clothing

Target becomes latest company to suffer backlash for LGBTQ+ support, pulls some Pride month clothing

NEW YORK (AP) — Target is removing some items from its stores and making other changes to its LGBTQ+ merchandise nationwide ahead of Pride month after intense backlash from some customers who confronted workers and tipped over displays.
Read more >
CPP Investments reports 1.3 per cent return for its latest fiscal year

CPP Investments reports 1.3 per cent return for its latest fiscal year

TORONTO — The Canada Pension Plan Investment Board is bracing for headwinds in the event of a recession but said a wide range of investments makes it well-positioned for uncertain economic conditions.
Read more >
Cirque du Soleil and Gamefam to launch Roblox experience as part of next-gen push

Cirque du Soleil and Gamefam to launch Roblox experience as part of next-gen push

MONTREAL — Cirque de Soleil Entertainment Group is joining forces with metaverse game developer Gamefam to create an online gaming experience on Roblox.
Read more >
McCarthy sending negotiators to White House to finish debt limit talks, but sides 'far apart'

McCarthy sending negotiators to White House to finish debt limit talks, but sides 'far apart'

WASHINGTON (AP) — House Speaker Kevin McCarthy said Wednesday he was sending Republican negotiators to the White House to finish out debt limit talks, but warned that the two sides are “still far apart” as they try to reach a budget deal with Preside
Read more >
Ottawa announces plans to spend $6.3 million on Nova Scotia tourism projects

Ottawa announces plans to spend $6.3 million on Nova Scotia tourism projects

HALIFAX — The federal government said today it plans to spend $6.3 million on 53 new tourism projects in Nova Scotia.
Read more >
Stock market today: Wall Street dips as markets drop worldwide

Stock market today: Wall Street dips as markets drop worldwide

NEW YORK (AP) — A worldwide swoon for financial markets is carrying over to Wall Street, and stocks are slipping further on Wednesday. The S&P 500 was 0.6% lower in early trading, a day after dropping 1.1% as the U.S.
Read more >