Skip to content

National Business

RBC sets aside more money for bad loans but positioning for rate cuts

RBC sets aside more money for bad loans but positioning for rate cuts

TORONTO — Royal Bank of Canada joined its peers this quarter in setting more money aside for potentially bad loans, but the bank is also working to position itself to capture the substantial sums of money lying in wait for when economic trends shift.
US economy grew solid 3.2% in fourth quarter, a slight downgrade from government's initial estimate

US economy grew solid 3.2% in fourth quarter, a slight downgrade from government's initial estimate

WASHINGTON (AP) — The U.S. economy grew at a robust 3.2% annual pace from October through December, propelled by healthy consumer spending, the Commerce Department reported Wednesday in a slight downgrade from its initial estimate.
Lower auto prices are finally giving Americans a break after years of inflationary increases

Lower auto prices are finally giving Americans a break after years of inflationary increases

DETROIT (AP) — Price increases for cars and trucks in the United States, which helped fuel inflation for nearly three years, are slowing and in some cases falling, helping cool overall inflation and giving frustrated Americans more hope of finding an
Wendy's says it has no plans to raise prices during the busiest times at its restaurants

Wendy's says it has no plans to raise prices during the busiest times at its restaurants

Wendy's says that it has no plans to increase prices during the busiest times at its restaurants.
Boeing given 90 days by FAA to come up with a plan to improve safety and quality of manufacturing

Boeing given 90 days by FAA to come up with a plan to improve safety and quality of manufacturing

The Federal Aviation Administration is giving Boeing 90 days to come up with a plan to fix quality problems and meet safety standards for building new planes.
George Weston reports smaller Q4 loss compared with a year ago

George Weston reports smaller Q4 loss compared with a year ago

TORONTO — George Weston Ltd. reported a smaller loss in its fourth quarter compared with a year ago as its revenue edged higher. The company, which owns a majority stake in Loblaw Cos. Ltd.
MDA reports fourth-quarter profit and revenue up from year ago

MDA reports fourth-quarter profit and revenue up from year ago

BRAMPTON, Ont. — MDA Ltd. reported a fourth-quarter profit of $13.5 million, up from $8.8 million a year earlier, as its revenue rose 10 per cent.
Judge rules Prince Harry was not unfairly stripped of UK security detail after he moved to the US

Judge rules Prince Harry was not unfairly stripped of UK security detail after he moved to the US

LONDON (AP) — Prince Harry was not improperly stripped of his publicly funded security detail during visits to Britain after he gave up his status as a working member of the royal family and moved to the U.S., a London judge ruled Wednesday.
Hourly vs. salaried: Are you getting paid for an extra day of work on Feb. 29?

Hourly vs. salaried: Are you getting paid for an extra day of work on Feb. 29?

TORONTO — This leap year, some financial experts say they're seeing an unexpected trend: employees asking if they get paid for working on Feb. 29. Every four years, the calendar gains a day to sync up with the Earth's movement around the sun.
Parkland Corp. sees earnings rise in fourth quarter despite lower sales

Parkland Corp. sees earnings rise in fourth quarter despite lower sales

CALGARY — Parkland Corp. says it earned $86 million in its fourth quarter, up from $69 million a year earlier. The Calgary-based company says earnings per diluted share were 48 cents, up from 39 cents during the same quarter the year before.