Skip to content

National Business

S&P/TSX composite slightly down on energy and industrials; U.S. stock markets mixed

S&P/TSX composite slightly down on energy and industrials; U.S. stock markets mixed

TORONTO — Canada's main stock index closed down just 30 points Wednesday as losses in energy and industrials outweighed gains in other areas, while U.S. stock markets were mixed. The S&P/TSX composite index was down 29.95 points at 20,599.60.
Read more >
Stocks erase big losses driven by profit fears, end flat

Stocks erase big losses driven by profit fears, end flat

NEW YORK (AP) — Stocks shook off an early slide and wound up little changed as worries about corporate profits weighed on the market. The S&P 500 ended barely lower and the Dow ended barely higher. The Nasdaq fell 0.2%.
Read more >
Here's what another Bank of Canada rate hike means for Canadians

Here's what another Bank of Canada rate hike means for Canadians

TORONTO — The Bank of Canada hiked its key interest rate by a quarter of a percentage point Wednesday, bringing it to 4.5 per cent — the highest it's been since 2007.
Read more >
Postmedia shuffles editors day after announcing 11 per cent of staff to be laid off

Postmedia shuffles editors day after announcing 11 per cent of staff to be laid off

TORONTO — A Postmedia Network Corp. memo obtained by The Canadian Press shows the newspaper publisher has shuffled editors of its Prairies papers a day after it announced 11 per cent of staff would be laid off.
Read more >
Shopify raises service plan fees after leaving them 'largely unchanged' for 12 years

Shopify raises service plan fees after leaving them 'largely unchanged' for 12 years

OTTAWA — Shopify Inc. is raising prices for three of its service plans after they remained "largely unchanged" for 12 years.
Read more >
Bank of Canada raises interest rates, says it will take a 'conditional' pause

Bank of Canada raises interest rates, says it will take a 'conditional' pause

OTTAWA — The Bank of Canada delivered what it expects to be its last interest rate hike of the cycle as it pauses to assess the effects of higher rates on the economy.
Read more >
What the Bank of Canada's latest rate hike means for mortgage holders

What the Bank of Canada's latest rate hike means for mortgage holders

TORONTO — Canadians who watched the cost of taking out a mortgage steadily increase over the last year were dealt another blow when the Bank of Canada upped its interest rate to 4.5 per cent Wednesday.
Read more >
Macklem says government will make changes to deal with Bank of Canada losses

Macklem says government will make changes to deal with Bank of Canada losses

OTTAWA — Bank of Canada governor Tiff Macklem says the federal government is working on legislative changes that will allow the central bank to temporarily retain profits to cover losses related to policy decisions made to boost the economy during th
Read more >
QuickQuotes: Reaction to the Bank of Canada's latest rate hike

QuickQuotes: Reaction to the Bank of Canada's latest rate hike

OTTAWA — The Bank of Canada raised its key interest rate by a quarter of a percentage point to 4.5 per cent on Wednesday and says it expects to keep rates on hold for now as it assesses the economic data.
Read more >
The Bank of Canada interest rate hit 4.5%. Here's a timeline of how we got here

The Bank of Canada interest rate hit 4.5%. Here's a timeline of how we got here

OTTAWA — The Bank of Canada hiked its key interest rate by a quarter of a percentage point on Wednesday, bringing it to 4.5 per centand signalling it plans to hold there for now.
Read more >