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National Business
CIBC, TD cap round of earnings that largely beat subdued expectations
TORONTO — CIBC and TD Bank wrapped a round of quarterly bank results Thursday that, like the Canadian economy itself, largely beat what were fairly low expectations.
Feb 29, 2024 3:59 PM
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Lion Electric lays off 100 more workers after $100 million earnings loss
SAINT-JÉRÔME, Que. — The Lion Electric Co. says it is laying off 100 more employees or about seven per cent of its total workforce in a move to reduce costs.
Feb 29, 2024 3:29 PM
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WSP Global beats earnings expectations, forecasts more growth this year
MONTREAL — WSP Global beat earnings expectations last quarter, boosting profits by nearly nine per cent year-over-year and forecasting a similar jump in adjusted earnings for 2024. Organic growth at the engineering company drove $130.
Feb 29, 2024 3:17 PM
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Canadian Natural Resources hits record oil production amid rising U.S. demand
Canadian Natural Resources Ltd. drew on its abundant reserves to set a slew of production records last quarter, boosting its bottom line by 72 per cent. The country's largest oil and gas producer by market capitalization churned out 1.
Feb 29, 2024 2:35 PM
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Income tax indexing highlights Nova Scotia budget as inflation complaints rise
HALIFAX — Nova Scotia has tabled a $16.5-billion budget that indexes provincial income tax rates to inflation — a move the government said Thursday will provide relief from the province's rising cost of living.
Feb 29, 2024 2:16 PM
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MPs summon CEOs of Rogers, Bell and Telus to appear at committee about phone prices
MPs have voted unanimously to summon the chief executives of Canada's three largest telecommunications companies to testify at a federal committee as it studies the accessibility and affordability of wireless and broadband services.
Feb 29, 2024 1:42 PM
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Canada averts recession with meagre growth in Q4, consumers and businesses pinched
OTTAWA — The Canadian economy continues to beat recession fears, posting modest growth in the fourth quarter even as high interest rates weighed on consumers and businesses.
Feb 29, 2024 1:42 PM
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TD fast-tracking investments to fix anti-money laundering deficiencies: CEO
TORONTO — TD Bank Group has identified where its deficiencies in anti-money laundering oversight are and is working to address them, said chief executive Bharat Masrani.
Feb 29, 2024 1:08 PM
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US applications for jobless benefits rise but remain historically low despite recent layoffs
More Americans applied for jobless benefits last week, but layoffs remain historically low even as more high-profile companies have announced job cuts this year.
Feb 29, 2024 12:58 PM
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Federal Reserve's preferred inflation gauge picked up last month in sign of still-elevated prices
WASHINGTON (AP) — An inflation gauge favored by the Federal Reserve increased in January, the latest sign that the slowdown in U.S. consumer price increases is occurring unevenly from month to month .
Feb 29, 2024 12:43 PM
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