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National Business
National Business
Unifor calls for national auto strategy, dedicated ministry to capture EV potential
TORONTO — Unifor is calling for a national auto strategy, and a dedicated federal government ministry to lead it, at a time of "significant and uncertain change" in the industry amid the transition to electric vehicles.
Aug 11, 2022 2:21 PM
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BRP operations to remain frozen until next week after cyberattack shutdown
VALCOURT, Que. — Work at BRP Inc. factories will likely stay at a standstill until next week after a cyberattack that the Sea-Doo maker reported Monday.
Aug 11, 2022 12:55 PM
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Canadian Tire faces higher inventory levels after late spring, more goods in transit
Canadian Tire Corp. Ltd. is facing higher than usual inventory levels after a late start to warm weather sales combines with early shipments of fall and winter products. The company had an additional $465.
Aug 11, 2022 9:57 AM
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Canada Pension Plan Investment Board loses 4.2% in Q1, net assets total $523B
TORONTO — Canada Pension Plan Investment Board says its fund, which includes the combination of the base CPP and additional CPP accounts, lost 4.2 per cent in its latest quarter.
Aug 11, 2022 9:24 AM
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Onex reports earnings loss amid 'challenging environment'
TORONTO — Onex Corp. is reporting an earnings loss in its second quarter after its investments slipped in value.
Aug 11, 2022 9:05 AM
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US wholesale inflation fell in July for 1st time in 2 years
WASHINGTON (AP) — Prices at the wholesale level fell from June to July, the first month-to-month drop in more than two years and a sign that some of the U.S. economy's inflationary pressures cooled last month.
Aug 11, 2022 8:55 AM
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How rising interest rates are making GICs more attractive for investors
OTTAWA — Rising interest rates might be bad news for Canadians with mortgages, but it also means higher rates on savings vehicles such as guaranteed investment certificates (GICs), prompting renewed interest in the investments.
Aug 11, 2022 8:00 AM
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US unemployment claims rise by 14,000 to 262,000
WASHINGTON (AP) — The number of Americans who signed up for unemployment benefits rose last week to the highest level since November, though the U.S. job market continues to show signs of strength.
Aug 11, 2022 6:40 AM
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Big Mac is coming back: McDonald's to reopen in Ukraine
CHICAGO (AP) — McDonald's will start reopening some of its restaurants in Ukraine in the coming months, a symbol of the war-torn country's return to some sense of normalcy and a show of support after the American fast-food chain pulled out of Russia
Aug 11, 2022 6:40 AM
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Brookfield reports profit fell in the second quarter, revenue up
Brookfield Asset Management Inc. reported second-quarter net income attributable to common shareholders that was lower than the previous year, as revenue rose. The alternative asset manager, which keeps its books in U.S.
Aug 11, 2022 6:22 AM
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