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National Business
Wall Street ends an uneven day of trading with mixed results
NEW YORK — Stocks ended an unsteady day with mixed results as gains for energy companies were offset by losses in technology and other sectors.
Nov 29, 2022 3:11 PM
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RBC raises competition concerns as it strikes deal to buy HSBC Canada for $13.5B
TORONTO — Royal Bank of Canada has struck a deal to pay $13.5 billion in cash to swallow up HSBC Bank Canada, the seventh largest bank in the country by assets and — since the Big Six banks are largely untouchable — the biggest takeover prize around.
Nov 29, 2022 3:06 PM
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Bank of Canada lost $522 million in third quarter, marking first loss in its history
OTTAWA — The Bank of Canada lost $522 million in the third quarter of this year, marking the first loss in its 87-year history.
Nov 29, 2022 2:49 PM
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TC Energy expects cost of Coastal GasLink pipeline project to rise
CALGARY — TC Energy Corp. is expecting what it calls a "material increase" in the cost of its Coastal GasLink pipeline project.
Nov 29, 2022 2:43 PM
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Suncor to keep Petro-Canada retail business after comprehensive review of business
Suncor Energy Inc. has decided to keep its Petro-Canada retail business, the company announced Tuesday, after a comprehensive review concluded Suncor was unlikely to receive the price it wanted for the chain.
Nov 29, 2022 1:58 PM
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'Strong position': Saskatchewan's bottom line stable, government posts $1.1B surplus
REGINA — Saskatchewan's bank account remains relatively unchanged while its bottom line continues to be affected by Russia's invasion of Ukraine, global supply shortages and rising inflation. The province is reporting a $1.
Nov 29, 2022 1:27 PM
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75% of U.S. owners of Cdn. rec properties bought after foreign buyer ban: survey
TORONTO — A new report from Royal LePage shows 75 per cent of U.S. citizens living in border towns and owning recreational properties in Canada made their purchase after the federal government announced its forthcoming foreign buyer ban.
Nov 29, 2022 1:06 PM
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Canadian home prices expected to fall 3.3% in 2023: Re/Max report
TORONTO — A new report predicts average home sale prices in Canada will fall 3.3 per cent next year with the biggest declines expected in Ontario and Western Canada where some markets may see prices fall 10 to 15 per cent.
Nov 29, 2022 1:01 PM
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Competitors chip away at Tesla's U.S. electric vehicle share
DETROIT (AP) — New electric vehicle models from multiple automakers are starting to chip away at Tesla's dominance of the U.S. EV market, according to national vehicle registration data.
Nov 29, 2022 12:58 PM
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Economists see underlying signs of weakening in third quarter GDP numbers
OTTAWA — Canada saw stronger than expected economic growth in the third quarter, but economists warn the underlying numbers don't paint such a positive picture. Statistics Canada said Tuesday the economy grew at an annualized rate of 2.
Nov 29, 2022 12:51 PM
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