Skip to content

National Business

BRP operations to remain frozen until next week after cyberattack shutdown

BRP operations to remain frozen until next week after cyberattack shutdown

VALCOURT, Que. — Work at BRP Inc. factories will likely stay at a standstill until next week after a cyberattack that the Sea-Doo maker reported Monday.
Canadian Tire faces higher inventory levels after late spring, more goods in transit

Canadian Tire faces higher inventory levels after late spring, more goods in transit

Canadian Tire Corp. Ltd. is facing higher than usual inventory levels after a late start to warm weather sales combines with early shipments of fall and winter products. The company had an additional $465.
Canada Pension Plan Investment Board loses 4.2% in Q1, net assets total $523B

Canada Pension Plan Investment Board loses 4.2% in Q1, net assets total $523B

TORONTO — Canada Pension Plan Investment Board says its fund, which includes the combination of the base CPP and additional CPP accounts, lost 4.2 per cent in its latest quarter.
Onex reports earnings loss amid 'challenging environment'

Onex reports earnings loss amid 'challenging environment'

TORONTO — Onex Corp. is reporting an earnings loss in its second quarter after its investments slipped in value.
US wholesale inflation fell in July for 1st time in 2 years

US wholesale inflation fell in July for 1st time in 2 years

WASHINGTON (AP) — Prices at the wholesale level fell from June to July, the first month-to-month drop in more than two years and a sign that some of the U.S. economy's inflationary pressures cooled last month.
How rising interest rates are making GICs more attractive for investors

How rising interest rates are making GICs more attractive for investors

OTTAWA — Rising interest rates might be bad news for Canadians with mortgages, but it also means higher rates on savings vehicles such as guaranteed investment certificates (GICs), prompting renewed interest in the investments.
US unemployment claims rise by 14,000 to 262,000

US unemployment claims rise by 14,000 to 262,000

WASHINGTON (AP) — The number of Americans who signed up for unemployment benefits rose last week to the highest level since November, though the U.S. job market continues to show signs of strength.
Big Mac is coming back: McDonald's to reopen in Ukraine

Big Mac is coming back: McDonald's to reopen in Ukraine

CHICAGO (AP) — McDonald's will start reopening some of its restaurants in Ukraine in the coming months, a symbol of the war-torn country's return to some sense of normalcy and a show of support after the American fast-food chain pulled out of Russia
Brookfield reports profit fell in the second quarter, revenue up

Brookfield reports profit fell in the second quarter, revenue up

Brookfield Asset Management Inc. reported second-quarter net income attributable to common shareholders that was lower than the previous year, as revenue rose. The alternative asset manager, which keeps its books in U.S.
Housing correction gaining pace, to continue through next year: report

Housing correction gaining pace, to continue through next year: report

OTTAWA — Desjardins is forecasting the average home price in Canada will decline by nearly 25 per cent by the end of 2023 from the peak reached in February of this year.