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National Business
National Business
Latest Canfor restructuring affects nearly 500 mill workers in northern B.C.
VANCOUVER — Canfor Corporation says as many as 157 employees face layoffs in one northern British Columbia town, but the company says it's too early to estimate job losses in a second community as the forest products firm restructures its B.C.
Jan 26, 2023 10:57 PM
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Most actively traded companies on the Toronto Stock Exchange
TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (20,700.50, up 100.90 points): Suncor Energy Inc. (TSX:SU). Energy. Up $1.74, or 3.92 per cent, to $46.09 on 13.9 million shares.
Jan 26, 2023 5:53 PM
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S&P/TSX composite closes up along with U.S. markets after economic report
TORONTO — Canada's main stock index made a turnaround from early losses to end up Thursday along with U.S. markets as data showed continued resilience in the U.S. economy.
Jan 26, 2023 5:07 PM
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As the BoC takes a pause from interest rate hikes, all eyes are on the labour market
OTTAWA — After a series of historic interest rate hikes, economists are left wondering whether job losses are next. High interest rates cause businesses and consumers to pull back on spending.
Jan 26, 2023 4:57 PM
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Rent prices grew at record pace in 2022 as Canada saw lowest vacancy rate in decades
TORONTO — Rent prices in Canada grew at a record pace last year as the country saw the lowest vacancy rate since 2001, the Canada Mortgage and Housing Corp. said.
Jan 26, 2023 4:39 PM
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US economy slowed but still grew at 2.9% rate last quarter
WASHINGTON (AP) — The U.S. economy expanded at a 2.9% annual pace from October through December, ending 2022 with momentum despite the pressure of high interest rates and widespread fears of a looming recession.
Jan 26, 2023 4:12 PM
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Wall Street rises to hit best level in nearly eight weeks
NEW YORK (AP) — Stocks climbed Thursday to send Wall Street to its highest level in nearly eight weeks following reports suggesting the economy and corporate profits may be doing better than feared. The S&P 500 rose 1.
Jan 26, 2023 4:05 PM
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Manitoba sending second round of cheques to help with inflation
WINNIPEG — The Manitoba government is issuing a second round of cheques to help people deal with inflation in a move that critics say has more to do with boosting the governing Progressive Conservatives' chances in the next election.
Jan 26, 2023 4:04 PM
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Chevron’s buyback boosts stock, get rebuke from White House
Shares of Chevron climbed Thursday after the oil company announced that it would repurchase $75 billion of its stock, one of the largest-ever stock buyback plans.
Jan 26, 2023 1:42 PM
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Imperial Oil gives OK to $720M renewable diesel project near Edmonton
CALGARY — Imperial Oil Ltd. is going ahead with a $720-million project to build a renewable diesel facility at its Strathcona refinery near Edmonton.
Jan 26, 2023 1:31 PM
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