Skip to content

National Business

Financial sector helps lift S&P/TSX composite, U.S. stock markets mixed

Financial sector helps lift S&P/TSX composite, U.S. stock markets mixed

TORONTO — Gains in the financial sector helped Canada's main stock index climb higher in early trading, while U.S. stock markets were mixed. The S&P/TSX composite index was up 68.26 points at 15,636.90.
Read more >

Here's a quick glance at unemployment rates for June, by Canadian city

OTTAWA — The national unemployment rate was 12.3 per cent in June. Statistics Canada also released seasonally adjusted, three-month moving average unemployment rates for major cities.
Read more >

Here's a quick glance at unemployment rates for June, by province

OTTAWA — Canada's national unemployment rate was 12.3 per cent in June. Here are the jobless rates last month by province (numbers from the previous month in brackets): — Newfoundland and Labrador 16.5 per cent (16.3) — Prince Edward Island 15.
Read more >

National employment numbers for June from Statistics Canada, at a glance

OTTAWA — A quick look at Canada's June employment (numbers from the previous month in brackets): Unemployment rate: 12.3 per cent (13.7) Employment rate: 56.0 per cent (52.9) Participation rate: 63.8 per cent (61.
Read more >
US wholesale prices fell 0.2% in June as food costs plunged

US wholesale prices fell 0.2% in June as food costs plunged

WASHINGTON — U.S. wholesale prices fell 0.2% in June as food costs dropped sharply, offsetting a big increase in energy prices.
Read more >
MTY Food Group reports $99.1M second-quarter loss due to one-time charge

MTY Food Group reports $99.1M second-quarter loss due to one-time charge

MONTREAL — MTY Food Group Inc. reported a second-quarter loss of $99.1 million as the company took a $120.3-million non-cash impairment charge related to property, plant and equipment, intangible assets and goodwill due to the pandemic.
Read more >
Lawmakers vote closes down Philippines' largest TV network

Lawmakers vote closes down Philippines' largest TV network

MANILA, Philippines — Philippine lawmakers voted Friday to reject the license renewal of the country’s largest TV network, one of the critical news agencies the president has repeatedly threatened, in a move that shut down a major news provider amid
Read more >
Horgan says B.C. restart making gains as more people come out of their homes

Horgan says B.C. restart making gains as more people come out of their homes

VICTORIA — British Columbia's gradual restart is gaining ground as some industries resume operations and more people leave their homes to participate in the economy, Premier John Horgan said Thursday. He said B.C.
Read more >
DavidsTea closing 82 stores in Canada and all 42 stores in the U.S. market

DavidsTea closing 82 stores in Canada and all 42 stores in the U.S. market

MONTREAL — Insolvent beverage retailer DavidsTea is closing 82 stores in Canada and all 42 of its stores in the U.S. as it focuses on its e-commerce business and supplying grocery stores and pharmacies.
Read more >
Aritzia Inc. reports first-quarter loss, revenue drop amid COVID-19

Aritzia Inc. reports first-quarter loss, revenue drop amid COVID-19

VANCOUVER — Aritzia Inc. reported a first-quarter loss and revenue drop after temporarily closing all its stores due to COVID-19 health precautions, but the clothing retailer sees an opportunity to expand its business amid the global pandemic.
Read more >