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National Business
National Business
CN Rail earns $1.4B in Q4, but warns of rockier times ahead in 2023
Canadian National Railway Co. warned Tuesday of rockier times ahead in 2023, even as it celebrated double-digit earnings gains for the fourth quarter of 2022.
Jan 24, 2023 3:44 PM
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'Disappointing' that U.S. pressing ahead with duties on Canadian softwood lumber: Ng
WASHINGTON — Canada's international trade minister says the United States appears to be pressing ahead with what she calls "unjustified" duties on softwood lumber imports. Mary Ng says the anti-dumping and countervailing duties the U.S.
Jan 24, 2023 2:54 PM
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Fiscal room tightening as economy teeters, associate finance minister says
HAMILTON — Canada's economy is facing a "turbulent" year, but the federal government still has some spending room for big priorities including a new health-care deal with the provinces, Associate Finance Minister Randy Boissonnault said Tuesday.
Jan 24, 2023 2:41 PM
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Most actively traded companies on the Toronto Stock Exchange
TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (20,629.55, down 2.03): Enbridge Inc. (TSX:ENB). Energy. Down 46 cents, or 0.82 per cent, to $55.55 on 12.7 million shares.
Jan 24, 2023 2:07 PM
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Hudson's Bay to shed 2% of workforce amid 'strategic realignment'
Hudson's Bay is laying off two per cent of its total workforce, estimated to be about 250 employees, largely within Canada.
Jan 24, 2023 2:03 PM
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S&P/TSX composite unchanged Tuesday, U.S. markets mixed
TORONTO — Canada's main stock index was largely unchanged Tuesday as weakness in energy was offset by gains in telecom and industrials, while U.S. markets were mixed. The S&P/TSX composite index was down 2.03 points at 20,629.55.
Jan 24, 2023 1:50 PM
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Postmedia to lay off 11 per cent of staff, sources say
TORONTO — Sources say newspaper publisher Postmedia Network Corp. is laying off 11 per cent of its editorial staff, less than a week after workers were told the company was grappling with "economic contraction.
Jan 24, 2023 1:50 PM
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New York City pension funds call for absolute GHG emission targets at RBC
New York City comptroller Brad Lander and three of the city's pension funds are offering shareholder proposals calling on several banks including Royal Bank of Canada to disclose absolute greenhouse gas emissions targets for 2030.
Jan 24, 2023 12:51 PM
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Justice Dept. sues Google over digital advertising dominance
WASHINGTON (AP) — The Justice Department and eight states filed an antitrust suit against Google on Tuesday, seeking to shatter its alleged monopoly on the entire ecosystem of online advertising as a hurtful burden to advertisers, consumers and even
Jan 24, 2023 12:41 PM
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Alphabet to close Edmonton office of AI subsidiary DeepMind
EDMONTON — Alphabet Inc. says it will close the Edmonton office owned by its artificial intelligence subsidiary DeepMind.
Jan 24, 2023 12:15 PM
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