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National Business
National Business
Airlines face growing pressure from pilot unions as threat of brain drain looms
MONTREAL — Pilots are demanding better wages and benefits from their employers, raising financial pressure on airlines that are just starting to recover from the pandemic.
Sep 6, 2023 5:18 PM
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Markets down Wednesday on inflation concerns as Bank of Canada holds rates steady
TORONTO — Canada's main stock index lost almost 200 points Wednesday amid a broad-based decline,while U.S. markets also posted losses, as investors fretted over stubbornly high inflation.
Sep 6, 2023 4:52 PM
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Most actively traded companies on the Toronto Stock Exchange
TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (20,226.96, down 186.80 points): Enbridge Inc. (TSX:ENB). Energy. Down $2.85, or 5.92 per cent, to $45.31 on 19.1 million shares.
Sep 6, 2023 4:47 PM
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What today's interest rate decision means, and what experts say is next
The Bank of Canada surprised almost no one when it held interest rates steady at five per cent Wednesday amid cooling economic data. Here's what you need to know about the decision, and what could be next.
Sep 6, 2023 4:28 PM
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Stock market today: Wall Street loses ground as weak stretch continues
NEW YORK — Stocks fell on Wall Street, continuing a weak stretch on this holiday-shortened week. The S&P 500 fell 0.7% Wednesday. The Dow fell 198 points, or 0.6%, and the Nasdaq composite gave back 1.1%.
Sep 6, 2023 4:07 PM
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More post-secondary students rely on parents, stay home to finish school: RBC poll
TORONTO — Inflation is driving more post-secondary students to stay home with their parents as they complete their studies — marking a shift from a decade ago, a poll published by RBC on Wednesday shows.
Sep 6, 2023 4:02 PM
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UAW chief: Union to strike any Detroit automaker that hasn't reached deal as contracts end next week
DETROIT (AP) — The head of the United Auto Workers warned Wednesday that the union plans to go on strike against any Detroit automaker that hasn't reached a new agreement by the time contracts expire next week.
Sep 6, 2023 3:45 PM
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Global group of media organizations releases principles for AI development
TORONTO — Twenty-five global organizations, including news and publishing companies, have banded together to urge developers, operators and deployers of artificial intelligence (AI) systems to respect intellectual property rights.
Sep 6, 2023 3:26 PM
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Weakening economy convinces BoC to hold key rate, but door to more hikes stays open
OTTAWA — The Bank of Canada decided to hold its key interest rate steady on Wednesday amid mounting evidence the economy is slowing, but the central bank isn't declaring victory yet as it remains cautious to not fuel speculation about rate cuts.
Sep 6, 2023 2:24 PM
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Zellers pop-ups to land in all remaining Hudson's Bay locations
TORONTO — Hudson's Bay says it is expanding its Zellers brand to even more of its department stores. The Toronto-based retailer says Zellers pop-ups will open within all Hudson's Bay stores that have not yet featured the discount chain.
Sep 6, 2023 12:35 PM
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