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National Business
National Business
Stocks add a bit to their records on Wall Street
Stocks moved further into record territory on Wall Street. The S&P 500 rose 0.3% Thursday, its second record in a row. The Dow Jones Industrial Average climbed 0.2%, eking out an all-time high of its own. The Nasdaq composite added 0.5%.
Aug 28, 2025 1:08 PM
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Bank bosses strike cautious tone on earnings calls as trade uncertainty lingers
The tone was more cautious than doom-and-gloom this week as executives at Canada's big six banks released third-quarter results and discussed how geopolitical unrest and trade turmoil is likely to continue clouding the picture in the months ahead.
Aug 28, 2025 12:47 PM
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As sub competition heats up, TKMS and Germany making moves in Canada
OTTAWA — Representatives from the German government and submarine builder ThyssenKrupp Marine Systems insist there's no question they can meet Canada's tight delivery deadline for getting its first new submarine by 2035.
Aug 28, 2025 12:36 PM
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TD Bank posts Q3 profit as it continues recovery from anti-money laundering charges
TORONTO — TD Bank Group swung to a profit in its latest quarter compared to last year as it continues to restructure and recover from anti-money laundering failures. "This quarter, we made significant progress on our U.S. balance sheet restructuring.
Aug 28, 2025 10:41 AM
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Spirits maker Diageo to close Amherstburg, Ont., bottling facility next year
LONDON — Spirits maker Diageo will cease operations at its bottling facility in Amherstburg, Ont., early next year, as it shifts some bottling volume to the U.S., the company announced on Thursday.
Aug 28, 2025 9:44 AM
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RRSP, TFSA, FHSA, RESP: The ABCs of how to divvy up savings across accounts
TORONTO — As many young Canadians head off to college and university, some will be fortunate enough to be able to tap into a registered education savings plan.
Aug 28, 2025 8:55 AM
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Desjardins Group to acquire Guardian Capital in $1.67B take-private deal
MONTREAL — Desjardins Group is acquiring global investment management company Guardian Capital Group Ltd. for around $1.67 billion or $68 per share, the co-operative financial group said on Thursday.
Aug 28, 2025 7:47 AM
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Fed Gov. Lisa Cook sues Trump administration to block her attempted firing
WASHINGTON (AP) — Federal Reserve Governor Lisa Cook has sued the Trump administration in an effort to overturn the president’s attempt to fire her, launching an unprecedented legal battle that could significantly reshape the Fed’s longstanding polit
Aug 28, 2025 6:56 AM
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US economy grows 3.3% in second quarter, government says, in second estimate of April-June growth
WASHINGTON (AP) — The U.S. economy rebounded this spring from a first-quarter downturn due to fallout from President Donald Trump’s trade wars . In an upgrade from its first estimate in July, the Commerce Department said Thursday that U.S.
Aug 28, 2025 6:32 AM
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US applications for jobless benefits fell last week as layoffs remain low
WASHINGTON (AP) — Fewer Americans sought unemployment benefits last week as employers appear to be holding onto their workers even as the economy has slowed . Applications for unemployment benefits for the week ending Aug.
Aug 28, 2025 5:58 AM
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