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National Business
Economic headwinds weigh on bank results as more money set aside for bad loans
TORONTO — The effects of heightened inflation and central bank efforts to rein it in by slowing the economy are showing in the second-quarter results from Canada's big banks.
May 25, 2023 4:11 PM
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S&P/TSX composite weighed down by losses in energy and telecom; U.S. markets mixed
TORONTO — Canada's main stock index was down more than 150 points Thursday, weighed down by losses in energy and telecom, while U.S. stock markets were mixed. The S&P/TSX composite index was down 153.61 points at 19,774.08.
May 25, 2023 3:52 PM
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Industry blindsided by Ottawa's plan to track ill effects of natural health products
OTTAWA — A new plan to force hospitals to report adverse effects of "natural health products" such as herbal remedies and supplements has come as a surprise to manufacturers, who say they were blindsided by the proposed change.
May 25, 2023 3:25 PM
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Freedom Mobile unveils first nationwide plan following Rogers-Shaw deal
Freedom Mobile will offer a $50 monthly plan that includes unlimited calls and texts as well as 40 gigabytes of data usable throughout Canada and the U.S. following its acquisition by Quebecor Inc.'s Videotron. The $2.
May 25, 2023 2:24 PM
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Should I buy a cottage with friends or family?
MONTREAL — As cottage season dawns, the prospect of joint ownership with family or friends grows anew for many Canadians, budding perennially like a lakeside plant.
May 25, 2023 2:09 PM
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Threat of US credit downgrade looms over debt ceiling talks
WASHINGTON (AP) — With one of three major rating agencies warning that America’s AAA credit is at risk, the stakes are growing in the standoff in Washington over raising the nation's debt limit.
May 25, 2023 1:02 PM
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Virgin Galactic completes final test flight before launching paying customers to space
ALBUQUERQUE, N.M (AP) — Virgin Galactic completed what's expected to be its final test flight Thursday before taking paying customers on brief trips to space.
May 25, 2023 1:00 PM
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Company based in Netherlands invests in RFNOW
A Dutch based investment fund has recently invested in a homegrown Virden business, RFNOW Inc.
May 25, 2023 12:54 PM
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More Americans apply for jobless benefits but labor market remains tight
U.S. applications for jobless claims rose slightly last week but remain at healthy levels with companies reticent to let go of employees in a tight labor market.
May 25, 2023 10:33 AM
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Canadian residential mortgage debt hits $2.08 trillion: CMHC
OTTAWA — Canada Mortgage and Housing Corp. says the country's total residential mortgage debt was $2.08 trillion as of January this year, up six per cent from January 2022.
May 25, 2023 10:05 AM
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