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S&P/TSX composite rises almost one per cent, U.S. markets also post gains

S&P/TSX composite rises almost one per cent, U.S. markets also post gains

TORONTO — Canada's main stock index rose almost one per cent Wednesday amid broad-based strength while U.S. markets also posted strong gains. “It’s a rather benign day,” said Craig Fehr, investment strategist at Edward Jones.
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GOP lawmakers accuse Fed of being lax before bank failure

GOP lawmakers accuse Fed of being lax before bank failure

WASHINGTON (AP) — Republican lawmakers accused top bank regulators Wednesday of dawdling as Silicon Valley Bank hurtled toward the second-largest bank failure in U.S. history and questioned whether tougher regulations would have made a difference.
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Businesses praise credit card fee relief but consumers savings not guaranteed

Businesses praise credit card fee relief but consumers savings not guaranteed

Small business owners are praising a measure in the federal budget to lower credit card interchange fees, but some industry representatives argued the move will do little to save costs for consumers.
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Mortgage moves 'good news' for borrowers, but budget lacks housing support: experts

Mortgage moves 'good news' for borrowers, but budget lacks housing support: experts

TORONTO — Real estate observers say a new mortgage code of conduct promised in the federal budget will be handy for Canadians facing financial difficulties, but they still feel the economic plan was lacking needed housing affordability measures.
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Budget measures unlikely enough to spur major carbon capture investments: Experts

Budget measures unlikely enough to spur major carbon capture investments: Experts

CALGARY — A question mark continues to hang over the future of carbon capture and storage projects in Canada, in spite of a pledge in Tuesday's federal budget to deliver more investment certainty for major emissions-reducing projects.
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Bank of Canada watching for potential spillovers from global banking stresses

Bank of Canada watching for potential spillovers from global banking stresses

MONTREAL — A senior Bank of Canada official says the central bank is keeping a close eye on the stresses to the global banking system ahead of its next interest rate decision and monetary policy report in April.
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UBS brings back Ermotti as CEO with Credit Suisse deal ahead

UBS brings back Ermotti as CEO with Credit Suisse deal ahead

GENEVA (AP) — UBS said Wednesday that it's bringing back former CEO Sergio Ermotti to lead the Swiss bank as it executes a government-orchestrated plan to take over struggling rival Credit Suisse .
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Dollarama sales rise as consumers flock to lower prices amid high inflation

Dollarama sales rise as consumers flock to lower prices amid high inflation

MONTREAL — Discount chain Dollarama Inc. recorded a surge in sales in its latest quarter as its low prices on everyday household items attracted shoppers in search of relief from high inflation.
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Federal funding for flood insurance a 'major step forward': industry

Federal funding for flood insurance a 'major step forward': industry

OTTAWA — The federal government committed $31.7 million over three years in its latest budget toward a low-cost flood insurance program.
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Budget aims for a smoother passenger experience, but 'devil is in the details'

Budget aims for a smoother passenger experience, but 'devil is in the details'

OTTAWA — The federal government has air travel on its radar after laying out plans in its budget to speed up airport security screening and reduce flight delays. Tabled Tuesday by the Liberals after a year of travel turmoil, the budget promises $1.
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