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Savings are slowly dripping away as deposit interest lags far behind inflation

Savings are slowly dripping away as deposit interest lags far behind inflation

TORONTO — The savings accounts of Canadians have sprung a leak.
Federal tourism aid funds gas stations, trash cans, jazz

Federal tourism aid funds gas stations, trash cans, jazz

Located along a remote stretch of Highway 395, the Fort Independence Travel Plaza touts a dozen gas pumps, clean restrooms and made-to-order meals for travelers visiting California's Eastern Sierra.
Centerra closes global arrangement agreement on Kumtor gold mine

Centerra closes global arrangement agreement on Kumtor gold mine

TORONTO — Centerra Gold Inc. announced Friday the closing of the global arrangement agreementwith Kyrgyzaltyn JSC and the Kyrgyz Republic on the sale of two wholly owned Kyrgyz subsidiaries, Kumtor Gold Co. CJSC and Kumtor Operating Co.

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (19,692.92, up 236.21 points.) UEX Corp. (TSX:UEX). Materials. Up six cents, or 14.46 per cent, to 47.5 cents on 18.1 million shares.
North American markets end July strong after a busy week of earnings, Fed decision

North American markets end July strong after a busy week of earnings, Fed decision

TORONTO — North American markets ended the last trading day of July on a high note, with Canada's main stock index up over 200 points and U.S. markets all in the green. The S&P/TSX composite index closed up 236.21 points at 19,692.
Transat gets $100M bailout as debt load mounts despite travel rebound

Transat gets $100M bailout as debt load mounts despite travel rebound

MONTREAL — Transat AT Inc. has secured another emergency loan from Ottawa as the tour operator struggles to shore up its balance sheet.
Enbridge snaps up stake in West Coast LNG plant as demand surges

Enbridge snaps up stake in West Coast LNG plant as demand surges

Enbridge Inc. has extended its push into liquefied natural gas as global demand soars, scooping up a stake in a proposed LNG project on the West Coast — even as the projected cost of the venture more than tripled.
Tim Hortons offers coffee and doughnut as proposed settlement in class action lawsuit

Tim Hortons offers coffee and doughnut as proposed settlement in class action lawsuit

Tim Hortons has reached a proposed settlement in multiple class action lawsuits alleging the restaurant's mobile app violated customer privacy, which would see the restaurant offer a free coffee and doughnut to affected users.
Imperial Oil CEO says feds' approach to emissions getting 'very aggressive'

Imperial Oil CEO says feds' approach to emissions getting 'very aggressive'

CALGARY — Imperial Oil Ltd. CEO Brad Corson said Friday the federal government's strategy to reduce emissions and reach net-zero amounts to overreach from Ottawa.
Auto parts maker Magna posts Q2 loss on China lockdowns, supply chain issues

Auto parts maker Magna posts Q2 loss on China lockdowns, supply chain issues

TORONTO — Magna International Inc. said Friday that COVID-19 lockdowns in China and a stronger U.S. dollar relative to other currencies, particularly the euro, negatively impacted the company's second-quarter results.