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National Business
S&P/TSX composite index little changed Tuesday, U.S. markets mixed
TORONTO — Canada's main stock index was little changed Tuesday as bank earnings began to roll in, while U.S. markets were mixed. The S&P/TSX composite index was down 5.41 points at 21,318.90.
Feb 27, 2024 1:37 PM
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Why do so many discount airlines fold? Lynx Air is latest in a line of failures
Lynx Air ceased to fly this week, the latest in a long line of discount carriers to bite the departures dust — brought down in part by stiff competition, high fees and Canada’s vast geography.
Feb 27, 2024 1:32 PM
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Stock market today: Wall Street holds steady near record highs
NEW YORK (AP) — Stocks held relatively steady on Wall Street near their record levels. The S&P 500 managed a gain of 0.2% Tuesday. The Dow Jones Industrial Average fell 0.2%, and the Nasdaq composite rose 0.4%.
Feb 27, 2024 1:10 PM
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Scotiabank, BMO prepare for near-term loan weakness and better times ahead
TORONTO — The start of first quarter bank earnings saw Scotiabank and BMO put more money aside for loans that may go sour in the near-term, while they forecast better conditions ahead.
Feb 27, 2024 12:54 PM
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Identity, mortgage fraud on the rise as economic pressures mount: Equifax survey
TORONTO — A new Equifax Canada survey finds people are increasingly worried about a potential rise in fraudulent activity as economic pressures build. "Any time you see financial stress or an economic downturn, inevitably ...
Feb 27, 2024 12:35 PM
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Toyota recalls 21,000 cars over flaws in axle raising crash concerns
TORONTO — More than 21,000 Toyota vehicles have been recalled in Canada due to flaws in the rear axle that may cause a vehicle crash, says the auto manufacturer.
Feb 27, 2024 12:17 PM
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Halifax harbour transshipment facility for imported vehicles hit by strike: Unifor
HALIFAX — More than 230 unionized workers in the Halifax area walked off the job Tuesday at the Autoport, one of North America’s largest transshipment facilities for imported vehicles.
Feb 27, 2024 11:20 AM
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BMO reports revenue and profits constrained by "challenging economic backdrop"
TORONTO — BMO Financial Group cited numerous headwinds as it reported first-quarter results where revenue and earnings fell short of expectations. The bank's net income totalled $1.
Feb 27, 2024 9:48 AM
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Ottawa freezes merger notification threshold, funds housing innovation projects
Ottawa is freezing the threshold at which the Competition Bureau must be notified of a merger.
Feb 27, 2024 9:33 AM
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Consumer confidence slips in February as anxiety over potential recession surprisingly reappears
American consumers are feeling less confident this month as concerns over a possible recession grew despite most recent data pointing to a healthy U.S. economy.
Feb 27, 2024 8:29 AM
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