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S&P/TSX composite gains 265 points Tuesday, U.S. markets also rise
TORONTO — Gains in energy, technology and base metals helped lead a broad-based rally on Canada's main stock index Tuesday, which rose 1.32 per cent, while U.S. markets also posted gains. The S&P/TSX composite index closed up 265.
Aug 29, 2023 4:35 PM
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Metro and Unifor return to bargaining table after court restricts union pickets
TORONTO — Metro and Unifor have returned to the bargaining table a month after thousands of the grocer's employees went on strike across Toronto, the union said.
Aug 29, 2023 3:08 PM
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Scotiabank loan growth slows on cautious approach, deposit focus
TORONTO — Scotiabank's loan growth slowed last quarter as the bank took a more cautious approach to lending amid heightened strain on borrowers from higher interest rates.
Aug 29, 2023 1:31 PM
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BMO earnings hit by severance, legal costs as it focuses on containing expenses
TORONTO — BMO Financial Group's third-quarter profit took a hit in part from severance costs and rising provisions for bad loans as the bank prepares for an extended stretch of economic strain.
Aug 29, 2023 12:45 PM
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Canadians turn to credit cards as many face payment shock: TransUnion report
TORONTO — A new TransUnion report shows a consistent rise in borrowing among Canadians in the second quarter as they contend with the higher cost of living.
Aug 29, 2023 12:10 PM
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Job vacancies, quits plunge in July in stark sign of cooling trend in the US labor market
WASHINGTON (AP) — Businesses posted far fewer open jobs in July and the number of Americans quitting their jobs fell sharply for the second straight month, clear signs that the labor market is cooling in a way that could reduce inflation.
Aug 29, 2023 11:09 AM
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Gap in financial literacy causes disconnect in managing debt, budget: survey
TORONTO — Some Canadians may be overestimating their ability to manage their finances and pay off their debt, a survey by Chartered Professional Accountants of Canada shows.
Aug 29, 2023 11:06 AM
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Best Buy and the reluctant shopper. Sales fall as Americans pull back on spending
NEW YORK (AP) — Best Buy sales and profits slid in the second quarter as the nation's largest consumer electronics chain continues to wrestle with a pullback in spending on gadgets after Americans splurged during the pandemic.
Aug 29, 2023 9:20 AM
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High Liner Foods chief executive Rod Hepponstall stepping down
LUNENBURG, N.S. — High Liner Foods Inc. says chief executive Rod Hepponstall is stepping down. The company says its board has accepted Hepponstall's resignation, effective on or before Jan. 2, 2024.
Aug 29, 2023 9:12 AM
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Biden targets diabetes drug Jardiance, blood thinner Eliquis and 8 others for Medicare price talks
WASHINGTON (AP) — The blood thinner Eliquis and popular diabetes treatments including Jardiance are among the first drugs that will be targeted for price negotiations in an effort to cut Medicare costs.
Aug 29, 2023 8:46 AM
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