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Stock market today: Wall Street slumps to worst day in weeks; bitcoin touches record before tumbling
NEW YORK (AP) — Big Tech stocks pulled Wall Street down to its worst day in three weeks. The S&P 500 fell 1% Tuesday, its second straight drop after closing last week at an all-time high.
Mar 5, 2024 3:05 PM
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PBO expects inflation to fall to 2% by end of year, deficit to grow amid weak economy
OTTAWA — The parliamentary budget officer is projecting inflation will return to the Bank of Canada's two per cent target by the end of the year and the federal deficit will grow amid weakening economic conditions.
Mar 5, 2024 1:45 PM
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Bitcoin briefly touches all-time high before retreat
TORONTO — Bitcoin briefly touched an all-time high Tuesday of more than US$69,000 before losing thousands of dollars of value within hours.
Mar 5, 2024 1:12 PM
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Business insolvencies leap higher in January from a year earlier, led by bankruptcies
TORONTO — The mid-January deadline for businesses to qualify for partial forgiveness of pandemic loans likely played a major role in driving up business insolvencies that month, said the Canadian Federation of Independent Business.
Mar 5, 2024 12:51 PM
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Labour bills expected to be on the agenda as Manitoba legislature resumes
WINNIPEG — Manitoba's NDP government is expected to put forward changes sought by labour groups, likely including a ban on replacement workers, as part of its agenda for the spring sitting that is to start Wednesday.
Mar 5, 2024 12:42 PM
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N.S. government spending outside budget process loses millions in interest: auditor
HALIFAX — Nova Scotia's auditor general says the province's spending outside the regular budget process lacks oversight and is costing the government millions of dollars in interest.
Mar 5, 2024 12:38 PM
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Facebook, Instagram, Messenger and Threads logins restored after widespread outage
A technical issue caused widespread login issues for a few hours across Meta's Facebook, Instagram, Threads and Messenger platforms Tuesday.
Mar 5, 2024 12:07 PM
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B.C.'s securities watchdog fined rule breakers $430M. Why can't it make them pay?
VANCOUVER — Ronald McHaffie said he had big plans to build a ski resort near Hope, 150 km east of Vancouver, ahead of the 2010 Olympics. He cut an unlikely figure, with a Grizzly Adams beard and no history of resort development.
Mar 5, 2024 11:22 AM
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Financial watchdog Fintrac hit by cyberattack, classified systems not involved
TORONTO — Canada's financial intelligence agency says it has been hit by a cyberattack.
Mar 5, 2024 11:20 AM
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B.C., Ontario mortgage-holders increasingly missed payments in Q4, Equifax says
TORONTO — Consumers in Ontario and British Columbia increasingly missed payments on mortgages and credit cards in the fourth quarter of 2023, Equifax Canada said.
Mar 5, 2024 10:37 AM
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