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National Business
National Business
Laurentian Bank posts $55.7M in earnings in Q4, revenue up slightly from year ago
MONTREAL — Lower expenses and higher revenue helped boost Laurentian Bank of Canada's profits to $55.7 million for the fourth quarter. The Montreal-based bank said Friday the earnings worked out to $1.26 per share for the quarter ending Oct.
Dec 9, 2022 8:53 AM
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CIBC rolls out dividend reinvestment discount after regulator hikes capital minimums
TORONTO — CIBC says it is implementing a discount for shareholders who sign up for a dividend reinvestment plan.
Dec 9, 2022 8:03 AM
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More than half of Canadians facing food budget constraints: Salvation Army poll
A new survey suggests the rising cost of living has forced more than half of Canadians to cut costs in myriad ways including by choosing cheaper, less healthy foods and skipping medications.
Dec 9, 2022 8:01 AM
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Boards should strive for 40% women, 30% diverse directors: report
TORONTO — A new report recommends Canada's corporate boards should have at least 40 per cent women and 30 per cent members of underrepresented racial groups or identifying as Indigenous or with disabilities.
Dec 9, 2022 7:12 AM
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Wholesale inflation in US further slowed in November to 7.4%
WASHINGTON (AP) — Wholesale prices in the United States rose 7.4% in November from a year earlier, a fifth straight slowdown and a hopeful sign that inflation pressures across the economy are continuing to cool.
Dec 9, 2022 6:22 AM
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Roots records $2.2M in earnings in Q3, sales down 8.5% from last year
TORONTO — Roots Corp. says it earned about $2.2 million in its latest quarter as sales dropped by 8.5 per cent since the same time last year. The Toronto clothing retailer says its net income for the third quarter fell from $10.8 million a year ago.
Dec 9, 2022 5:32 AM
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Crescent Point to acquire Kaybob Duvernay drilling assets from Paramount Resources
CALGARY — Crescent Point Energy Corp. says it has signed an agreement with Paramount Resources Ltd. to acquire additional Kaybob Duvernay assets for $375 million.
Dec 9, 2022 5:32 AM
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From missing family time to making food, Canadians are cutting back amid inflation
MONTREAL — It has not been an easy year for Canadians financially. Decades-high inflation and soaring interest rates have led many to take a closer look at their spending habits and, consequently, make some tough choices.
Dec 9, 2022 1:00 AM
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Igor brand Gorgonzola mild ripened blue-veined cheese was sold in Ontario and Quebec
OTTAWA — The Canadian Food Inspection Agency has issued a recall for Igor brand Gorgonzola mild ripened blue-veined cheese due to possible Listeria contamination. The affected product distributed by Jan K.
Dec 8, 2022 8:33 PM
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TC Energy shuts down Keystone pipeline system after leak in Kansas
CALGARY — TC Energy Corp. has estimated the volume of oil released in Wednesday's Keystone pipeline leak at 14,000 barrels, making this most recent spill larger than Keystone's 2017 and 2019 leaks combined.
Dec 8, 2022 4:18 PM
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