Skip to content

National Business

S&P/TSX rises, U.S. markets lose ground on mixed trading day

S&P/TSX rises, U.S. markets lose ground on mixed trading day

Canada's main stock index posted another day of triple-digit gains and U.S. markets were mixed Thursday against the backdrop of mounting evidence that inflation may be beginning to ease.
OCS capping pot shop orders and changing delivery window after partner's cyberattack

OCS capping pot shop orders and changing delivery window after partner's cyberattack

TORONTO — Ontario's cannabis wholesaler is temporarily capping the number of products retailers can order and expanding its delivery window as it works through a backlog caused by a cyberattack on its logistics partner.
Unifor calls for national auto strategy, dedicated ministry to capture EV potential

Unifor calls for national auto strategy, dedicated ministry to capture EV potential

TORONTO — Unifor is calling for a national auto strategy, and a dedicated federal government ministry to lead it, at a time of "significant and uncertain change" in the industry amid the transition to electric vehicles.
BRP operations to remain frozen until next week after cyberattack shutdown

BRP operations to remain frozen until next week after cyberattack shutdown

VALCOURT, Que. — Work at BRP Inc. factories will likely stay at a standstill until next week after a cyberattack that the Sea-Doo maker reported Monday.
Canadian Tire faces higher inventory levels after late spring, more goods in transit

Canadian Tire faces higher inventory levels after late spring, more goods in transit

Canadian Tire Corp. Ltd. is facing higher than usual inventory levels after a late start to warm weather sales combines with early shipments of fall and winter products. The company had an additional $465.
Canada Pension Plan Investment Board loses 4.2% in Q1, net assets total $523B

Canada Pension Plan Investment Board loses 4.2% in Q1, net assets total $523B

TORONTO — Canada Pension Plan Investment Board says its fund, which includes the combination of the base CPP and additional CPP accounts, lost 4.2 per cent in its latest quarter.
Onex reports earnings loss amid 'challenging environment'

Onex reports earnings loss amid 'challenging environment'

TORONTO — Onex Corp. is reporting an earnings loss in its second quarter after its investments slipped in value.
US wholesale inflation fell in July for 1st time in 2 years

US wholesale inflation fell in July for 1st time in 2 years

WASHINGTON (AP) — Prices at the wholesale level fell from June to July, the first month-to-month drop in more than two years and a sign that some of the U.S. economy's inflationary pressures cooled last month.
How rising interest rates are making GICs more attractive for investors

How rising interest rates are making GICs more attractive for investors

OTTAWA — Rising interest rates might be bad news for Canadians with mortgages, but it also means higher rates on savings vehicles such as guaranteed investment certificates (GICs), prompting renewed interest in the investments.
US unemployment claims rise by 14,000 to 262,000

US unemployment claims rise by 14,000 to 262,000

WASHINGTON (AP) — The number of Americans who signed up for unemployment benefits rose last week to the highest level since November, though the U.S. job market continues to show signs of strength.