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US mortgage rates top 7% for the first time in 2 decades
WASHINGTON (AP) — The average long-term U.S. mortgage rate topped 7% for the first time in more than two decades this week, a result of the Federal Reserve's aggressive rate hikes intended to tame the nation's stubbornly high inflation.
Oct 27, 2022 2:03 PM
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Precision Drilling returns to profitability as oil and gas sector picks up pace
CALGARY — Increased activity in the North American oil and gas sector helped Calgary-based Precision Drilling Corp.
Oct 27, 2022 1:48 PM
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US economy returned to growth last quarter, expanding 2.6%
WASHINGTON (AP) — The U.S. economy grew at a 2.
Oct 27, 2022 1:13 PM
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Ontario government's large contingency funds not transparent: FAO
TORONTO — Ontario's Progressive Conservative government is not being transparent about how it plans to spend money over the next several years, the province's financial watchdog said Thursday.
Oct 27, 2022 12:28 PM
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Teck Resources cuts guidance for steelmaking coal; outage continues at Elkview mine
One day after announcing it will exit the oilsands business by selling its stake in the Fort Hills oilsands project, Teck Resources Ltd. said it continues to face inflationary pressures and production challenges at other sites around the globe.
Oct 27, 2022 11:24 AM
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Europe sees fastest pace of rate hikes since euro launched
FRANKFURT, Germany (AP) — The European Central Bank piled on another outsized interest rate hike aimed at squelching out-of-control inflation, increasing rates at the fastest pace in the euro currency’s history and underscoring the bank's determinati
Oct 27, 2022 10:15 AM
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Sustainable investing loses some shine but proponents say still good long-term bet
TORONTO — Some of the shine has come off sustainable investing this year amid questions abouteffectiveness and as oil and gas prices and stocks spiked while the wider market floundered, but those in the sector say it still makes sense for the long te
Oct 27, 2022 10:00 AM
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Canopy warns Nasdaq objects to plans for U.S. holding company, could delist pot firm
SMITHS FALLS, Ont. — Canopy Growth Corp. is warning a U.S. holding company it wants to set up could be delisted from the Nasdaq stock exchange, which is objecting to some of its plans. The Smiths Falls, Ont.
Oct 27, 2022 9:43 AM
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Average one-bedroom condo rent soars 20% from last year: Toronto real estate board
TORONTO — The Toronto Regional Real Estate Board says the average cost for a one-bedroom condo soared by more than 20 per cent to $2,481 between the third quarter of this year and the same period last year.
Oct 27, 2022 9:20 AM
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'We will get back there': Shopify exec promises return to profitability after loss
Shopify Inc.'s president says the company is focused on tamping down on operating expenses as it strives to get back to profitability. "If you look over the seven years since (our) IPO, five of those years, we've been profitable.
Oct 27, 2022 9:02 AM
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