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Toronto-area home sales decline in August, but rate cut could spur activity: board
TORONTO — The Toronto Regional Real Estate Board says home sales in August fell from last year as average home prices edged lower. The board said there were 4,975 homes sold in August in the Greater Toronto Area, a 5.
Sep 5, 2024 9:59 AM
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Private equity firm Birch Hill signs deal to buy Rexall Pharmacy and Well.ca
TORONTO — Drugstore chain Rexall Pharmacy Group and online retailer Well.ca are due to land under Canadian ownership after a Toronto-based private equity firm announced Thursday that it would purchase both brands from McKesson Corp.
Sep 5, 2024 8:39 AM
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Auto sales rise 5.6% in August but DesRosiers says growth set to slow
TORONTO — DesRosiers Automotive Consultants says August auto sales were up 5.6 per cent compared with the same time last year but predicts sales gains will be tougher to come by in the coming months.
Sep 5, 2024 8:19 AM
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First Majestic to buy Gatos Silver in all-stock deal valued at US$970M
VANCOUVER — First Majestic Silver Corp. has signed a deal to buy Gatos Silver Inc. in a transaction valued at US$970 million. Under the agreement, Gatos shareholders will receive 2.55 shares of First Majestic for each Gatos share held.
Sep 5, 2024 7:03 AM
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Variable mortgage rates regaining traction as Bank of Canada cuts rates
OTTAWA — The decision by the Bank of Canada to cut its key interest rate target this week was good news for borrowers with variable-rate mortgages, bringing back some of the shine for the once popular loans.
Sep 5, 2024 7:00 AM
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Applications for US jobless benefits fall to 2-month low as layoffs remain at healthy levels
The number of Americans filing for unemployment benefits fell to its lowest level in two months last week, signaling that layoffs remain relatively low despite other signs of labor market cooling.
Sep 5, 2024 6:13 AM
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Applications for US jobless benefits fall modestly last week as layoffs remain relatively low
The number of Americans filing for unemployment benefits fell last week as layoffs remain relatively low despite other signs of labor market cooling. Jobless claims fell by 5,000 to 227,000 for the week of Aug.
Sep 5, 2024 5:42 AM
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CIBC making changes to senior executive ranks at the bank
TORONTO — CIBC is making changes to its senior executive ranks in a move chief executive Victor Dodig says will broaden the opportunities for a number of the bank's leaders.
Sep 5, 2024 5:21 AM
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Verizonn buying Frontier in $20B deal that helps bolster its fiber network
Verizon is buying Frontier Communications in a $20 billion deal to strengthnen its fiber network. Verizon Communications Inc. said Thursday that the transaction will also help it in the areas of artificial intelligence and the Internet of Things.
Sep 5, 2024 3:29 AM
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Booze can now be sold in Ontario corner stores. Here's what you need to know
Corner stores across Ontario are now legally allowed to sell certain types of alcohol.
Sep 5, 2024 1:00 AM
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