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CIBC reports Q4 profit down from year ago as expenses, provisions and margins weigh
TORONTO — Higher expenses, lower interest margins and more money set aside for potentially bad loans all weighed on CIBC's earnings which declined in the fourth quarter from a year ago.
Dec 1, 2022 10:41 AM
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TD Bank Group reports earnings up as it sees growth in margins and loans
TORONTO — TD Bank Group saw earnings climb in the fourth quarter, despite setting aside more money for potentially bad loans, as it benefitted in part from higher interest margins on its loans.
Dec 1, 2022 10:09 AM
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German parliament votes to approve EU-Canada trade pact
BERLIN (AP) — German lawmakers on Thursday approved a free-trade deal between the European Union and Canada, moving the accord a step closer to taking full effect.
Dec 1, 2022 9:03 AM
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Tips to deal with shrinkflation at the mall as some shoppers question discounts
At first glance, it might seem like the deals have never been better as posters in store windows and online ads trumpet a steady stream of holiday sales.
Dec 1, 2022 9:00 AM
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An inflation gauge tracked by the Fed slows to still-high 6%
WASHINGTON (AP) — A measure of inflation that is closely monitored by the Federal Reserve eased but remained at an elevated level in October, likely reinforcing the Fed's intent to keep raising interest rates to cool the economy and slow the accelera
Dec 1, 2022 8:20 AM
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Applications for jobless benefits decline last week
WASHINGTON (AP) — The number of Americans applying for unemployment benefits came back down last week, hovering near levels suggesting the U.S. labor market has been largely unaffected by the Federal Reserve's aggressive interest rate hikes.
Dec 1, 2022 7:49 AM
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Jacynthe Côté to become chair at Royal Bank of Canada next year
TORONTO — Royal Bank of Canada says Jacynthe Côté will be appointed as chair of the bank's board of directors next year.
Dec 1, 2022 7:20 AM
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Pandemic, slower U.S. migration see Canada closing gap with U.S. in workforce race
WASHINGTON — Since the global onset of COVID-19, Canada has been gradually closing the gap with the United States when it comes to attracting and keeping an important economic prize: new permanent residents.
Dec 1, 2022 3:00 AM
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Cruzilles brand fruit jellies recalled over undeclared milk
The Canadian Food Inspection Agency has issued a recall for Cruzilles brand Acid Mini Pastille – Fruit Jellies because the candy contains milk which is not listed on the label.
Nov 30, 2022 10:47 PM
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Economy and identity: Quebec premier delivers inaugural speech of 43rd legislature
QUEBEC — The Quebec government will spend the next four years trying to reverse what it says is the decline of French in Montreal and transform the province's economy while reducing greenhouse gas emissions, Premier François Legault said Wednesday.
Nov 30, 2022 5:26 PM
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