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S&P/TSX composite down as energy and base metal stocks fall, U.S. markets also lower
TORONTO — Canada's main stock index was down more than 100 points Wednesday, weighed down by losses in base metal and energy stocks, while U.S. stock markets also moved lower ahead of after-market earnings from Nvidia.
May 22, 2024 2:45 PM
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New prosperity index indicates $9,000 income gap for African Nova Scotian men
HALIFAX — A new report tracking the economic prosperity of Nova Scotia’s Black community collects a series of statistics, including some that highlight a significant wage gap for Black men in the province.
May 22, 2024 2:13 PM
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Stock market today: Wall Street pulls back from its records
NEW YORK (AP) — U.S. stock indexes pulled back from their records as concerns about high interest rates weighed on the market. The S&P 500 fell 0.3% and the Nasdaq composite slipped 0.2% Wednesday, a day after both set all-time highs.
May 22, 2024 2:04 PM
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Quebecor wants Ottawa to stop Loblaw from offering only Rogers, Bell phone products
The chief executive of Quebecor Inc. is urging Ottawa to intervene in what he calls an "anticompetitive" deal between Loblaw Cos. Ltd.
May 22, 2024 1:41 PM
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Canada Infrastructure Bank lends $75M to B.C. ferry service for zero-emission vessels
VANCOUVER — Canada Infrastructure Bank is lending $75 million to British Columbia's ferry service to help buy four zero-emission vessels and install electric charging infrastructure.
May 22, 2024 12:57 PM
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Employers rethink value of employee connections in era of remote work: report
TORONTO — The rise of remote work has led to a loss of workplace social connections that is negatively affecting employees, a new report suggests.
May 22, 2024 12:54 PM
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CPP Investments earned 8% in latest fiscal year, net assets rose to $632 billion
TORONTO — Canada's biggest pension fund earned an eight per cent return last year, but significantly underperformed the 19.9 per cent return of its reference portfolio.
May 22, 2024 12:50 PM
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Shopify CEO Tobi Lütke joins Meta advisory council along with other tech leaders
TORONTO — Shopify Inc.'s founder and chief executive Tobi Lütke has joined a group that Facebook and Instagram's parent company has set up to advise its leadership. Meta Platforms Inc.
May 22, 2024 12:37 PM
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Federal Reserve minutes: Policymakers saw a longer path to rate cuts
WASHINGTON (AP) — After several unexpectedly high inflation readings , Federal Reserve officials concluded at a meeting earlier this month that it would take longer than they previously thought for inflation to cool enough to justify reducing their k
May 22, 2024 12:34 PM
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Federal Reserve minutes: Policymakers saw a longer path to rate cuts
WASHINGTON (AP) — After several unexpectedly high inflation readings , Federal Reserve officials concluded at a meeting earlier this month that it would take longer than they previously thought for inflation to cool enough to justify reducing their k
May 22, 2024 12:34 PM
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