Skip to content

National Business

S&P/TSX composite gains almost 200 points as oil rises, U.S. markets hit new highs

S&P/TSX composite gains almost 200 points as oil rises, U.S. markets hit new highs

TORONTO — Canada's main stock index gained almost 200 points on Friday, helped by strength in energy stocks as the price of oil moved higher, while U.S. markets closed out the week with new record highs for the Nasdaq and the S&P 500.
Read more >
Stock market today: Wall Street climbs to more records as bond yields ease

Stock market today: Wall Street climbs to more records as bond yields ease

NEW YORK (AP) — Wall Street added to its records as U.S. stocks closed out another winning week. The S&P 500 rose 0.8% Friday. The Dow Jones Industrial Average rose 0.2%, and the Nasdaq composite rose 1.1%.
Read more >
Body Shop Canada files for bankruptcy protection, plans restructuring

Body Shop Canada files for bankruptcy protection, plans restructuring

TORONTO — The Body Shop Canada Ltd. says it will close 33 stores and halt its e-commerce operations as it seeks to restructure under the Bankruptcy and Insolvency Act.
Read more >
CMHC ends first-time homebuyer incentive, a program critics say 'made no sense'

CMHC ends first-time homebuyer incentive, a program critics say 'made no sense'

Canada's housing agency says it is ending the first-time homebuyer incentive program, which many had criticized as unhelpful. Canada Mortgage and Housing Corp.
Read more >
Calgary home sales up almost 23 per cent in February, prices rising

Calgary home sales up almost 23 per cent in February, prices rising

CALGARY — The Calgary Real Estate Board (CREB) says February home sales were up nearly 23 per cent from last year as new listings rose. The board says sales totalled 2,135 units, while the volume of sales in dollars rose 41.3 per cent to $1.
Read more >
Boeing is reportedly in talks to buy Spirit AeroSystems, its key supplier on the troubled 737 Max

Boeing is reportedly in talks to buy Spirit AeroSystems, its key supplier on the troubled 737 Max

DALLAS (AP) — Boeing is in talks to buy Spirit AeroSystems, which builds fuselages for Boeing 737 Max jetliners , including the one that suffered a door-panel blowout in January, according to a person knowledgeable about the discussions.
Read more >
AtkinsRéalis to sell Linxon joint venture after beating earnings expectations

AtkinsRéalis to sell Linxon joint venture after beating earnings expectations

MONTREAL — AtkinsRéalis chief executive Ian Edwards announced the engineering firm is looking to sell its money-losing joint venture with Hitachi Energy after beating earnings expectations and notching a record services backlog last quarter.
Read more >
MEG Energy promotes chief operating officer Darlene Gates to chief executive

MEG Energy promotes chief operating officer Darlene Gates to chief executive

CALGARY — MEG Energy Corp. is promoting Darlene Gates to the role of chief executive. The oilsands company says Gates, who is the company's chief operating officer, will take over the top job on May 1 when Derek Evans steps down from the role.
Read more >
'Nobody needs an extra coat': Apparel sector braces for another year of no splurging

'Nobody needs an extra coat': Apparel sector braces for another year of no splurging

TORONTO — Despite an unseasonably warm winter, there's a chill across the Canadian retail landscape.
Read more >
CWB Financial Group Q1 profit down from year ago, provisions for credit losses up

CWB Financial Group Q1 profit down from year ago, provisions for credit losses up

EDMONTON — CWB Financial Group reported its first-quarter profit fell compared with a year ago as its provision for credit losses rose. The Edmonton-based bank says it earned common shareholders' net income of $87.
Read more >
push icon
Be the first to read breaking stories. Enable push notifications on your device. Disable anytime.
No thanks