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National Business
National Business
Resolute Forest Q1 profit surges to US$210M on improved pricing, acquisitions
MONTREAL — Resolute Forest Products Inc. is reporting stronger results in its latest quarter on gains in its pulp and paper sectors from improved pricing and the idling of a U.S. mill. The forestry company, which keeps its books in U.S.
May 5, 2022 12:09 PM
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Bank of Canada reaching out to Indigenous groups on economic reconciliation
GATINEAU, Que. — A senior Bank of Canada official says the central bank will reach out to Indigenous groups over the next two years to help it define what economic reconciliation means and what its role should be.
May 5, 2022 11:56 AM
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Bombardier seizes on soaring demand for private jets
MONTREAL — Bombardier Inc. bolstered its business jet backlog in its first quarter, ramping up cash flow as more wealthy high-fliers opt for private plane travel in the COVID-19 era. The company increased its backlog of private jet orders by US$1.
May 5, 2022 11:12 AM
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Sizing up how much boat you need, and how much you can afford
OTTAWA — Whether it's sneaking off to a secret fishing hole, afternoons towing squealing kids on a tube or lazy sunset cruises, for many, summer means time out on a boat.
May 5, 2022 10:30 AM
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Cameco reports $40M Q1 profit, revenue up 37 per cent, boosted by higher prices
SASKATOON — Cameco Corp. reported a first-quarter profit of $40 million compared with a loss of $5 million a year ago as its revenue rose 37 per cent compared with a year ago, helped by higher prices.
May 5, 2022 10:06 AM
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OPEC+ opens oil taps gradually as Russian war roils markets
LONDON (AP) — OPEC and allied oil-producing countries decided Thursday to gradually increase the flows they send to the world, even as Europe’s plan to sanction Russian oil threatens to yank millions of barrels off a global market already thirsty for
May 5, 2022 8:55 AM
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More Americans apply for jobless aid last week
WASHINGTON (AP) — More Americans applied for unemployment benefits last week but the total number of people collecting jobless aid is at its lowest level in more than 50 years. Jobless claims in the U.S.
May 5, 2022 8:41 AM
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Bank of England raises key rate to highest level in 13 years
LONDON (AP) — The Bank of England raised its key interest rate to the highest level in 13 years on Thursday as policymakers around the world combat inflation fueled by high energy prices, Russia's war in Ukraine and lingering concerns about COVID-19.
May 5, 2022 7:42 AM
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Lightspeed CEO sees move away from pandemic measures as his company's 'time to shine'
When the COVID-19 pandemic kept Canadians cooped up at home and forced retailers to temporarily shut their doors, Lightspeed Commerce Inc.'s customers had "a moment of high panic.
May 5, 2022 7:00 AM
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Neo Financial becomes Calgary's latest $1 billion tech 'unicorn'
Calgary's tech community can boast another "unicorn" with fintech company Neo Financial's close of a funding round that values the startup at more than $1 billion.
May 5, 2022 6:00 AM
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