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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 4:37 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 4:32 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 4:10 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 3:54 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 3:35 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 3:17 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 2:20 PM
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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 12:48 PM
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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 11:29 AM
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A list of Canadian discount airlines that have left the skies since 2000
It's not easy to make a go of it as an upstart airline in Canada.
Feb 27, 2024 10:10 AM
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