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BMO results miss expectations on rise in bad loans

BMO results miss expectations on rise in bad loans

TORONTO — BMO Financial Group shares fell almost nine per cent Wednesday after the bank reported results that missed expectations on higher loan-loss provisions and U.S. growth issues. The bank, which significantly expanded its U.S.
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S&P/TSX composite down 1.6 per cent, U.S. stock markets also fall

S&P/TSX composite down 1.6 per cent, U.S. stock markets also fall

TORONTO — Canada's main stock index fell 1.6 per cent Wednesday in a broad-based decline, while U.S. stock markets also fell. The S&P/TSX composite index closed down 367.07 points at 21,897.98.
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Ag Growth International shares jump after rejecting unsolicited takeover offer

Ag Growth International shares jump after rejecting unsolicited takeover offer

WINNIPEG — Shares of Ag Growth International Inc. closed up more than 11 per cent Wednesday after the company said it had rejected an unsolicited takeover offer. AGI shares closed up $5.13, or 11.15 per cent, to $51.
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Most actively traded companies on the Toronto Stock Exchange

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (21,897.98, down 367.07 points): Suncor Energy Inc. (TSX:SU). Energy. Down $1.07, or 1.93 per cent, to $54.47 on 16.0 million shares.
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Holland defends new ministerial powers to pull products off the shelves

Holland defends new ministerial powers to pull products off the shelves

OTTAWA — The federal health minister needs new powers to unilaterally take dangerous products off the shelves if they're hurting people and not being used as intended, Mark Holland said Wednesday.
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Conservative Leader Pierre Poilievre's housing plan defeated in House of Commons

Conservative Leader Pierre Poilievre's housing plan defeated in House of Commons

OTTAWA — Conservative Leader Pierre Poilievre's housing bill has been defeated in the House of Commons with the Liberals, New Democrats and Bloc Québécois voting against the legislation.
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Stock market today: Wall Street wilts to trim its May gains as bond yields keep rising

Stock market today: Wall Street wilts to trim its May gains as bond yields keep rising

NEW YORK (AP) — U.S. stocks closed lower under the weight of higher yields in the bond market. The S&P 500 fell 0.7% Wednesday, sinking further from its record set last week. The Dow Jones Industrial Average lost 1.
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National Bank profits rise, ups dividend, boosted by stable home market

National Bank profits rise, ups dividend, boosted by stable home market

TORONTO — Quebec-focused National Bank of Canada bucked the general trend of downward profits among banks this quarter as it benefited from higher stability in its home market.
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Infant girl killed in all-terrain vehicle crash in western Nova Scotia: RCMP

Infant girl killed in all-terrain vehicle crash in western Nova Scotia: RCMP

NEW ROSS, N.S. — RCMP confirmed today that an infant girl died Monday after an all-terrain vehicle crash in western Nova Scotia.
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Five Ontario school boards, two schools join legal fight against social media giants

Five Ontario school boards, two schools join legal fight against social media giants

TORONTO — Five more Ontario school boards and two private schools have joined the multibillion-dollar legal fight against social media giants Facebook, Instagram, TikTok and Snapchat, accusing their parent companies of leaving educators to manage the
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