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National Business
National Business
CN Rail boosts outlook, reports revenue up on higher volumes, rates
MONTREAL — CN Rail has boosted its financial outlook for the year as it reported gains in revenue and adjusted profits in the third quarter on higher volumes and rates, while net income was down.
Oct 25, 2022 2:08 PM
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Foreign buyers tax hike won't have much effect on already cooling market, experts say
TORONTO — Ontario's surprise move to increase the tax paid by foreign homebuyers to 25 per cent won't have much effect on the province's already-cooling market, housing industry observers say.
Oct 25, 2022 1:44 PM
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Stocks end higher on Wall Street as earnings roll in
NEW YORK — Stocks closed higher on Wall Street, marking the third straight gain for the S&P 500. The benchmark hadn’t been able to string together more than two gains in a row since mid-September.
Oct 25, 2022 1:07 PM
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Canopy Growth looks to grow U.S. business with new holding company structure
Canopy Growth Corp.'s share price surged more than 27 per cent as it announced it will fast track its plans for the U.S. market with the creation of a new U.S.-domiciled company meant to hold its cannabis investments made south of the border.
Oct 25, 2022 12:37 PM
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Freeland emphasizes Bank of Canada's independence after Singh criticizes rate hikes
OTTAWA — As another interest rate hike looms, Finance Minister Chrystia Freeland is emphasizing the Bank of Canada's independence after criticism from federal NDP Leader Jagmeet Singh.
Oct 25, 2022 12:35 PM
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Nielsen, Amazon Prime spar over who really watches football
NEW YORK (AP) — By the Nielsen company's count, 7.8 million people watched Amazon Prime's coverage of last Thursday's NFL game between New Orleans and Arizona. But Amazon says no, there were actually 8.9 million people watching.
Oct 25, 2022 10:19 AM
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HSBC says strong buyer interest helped prompt strategic review of Canadian division
TORONTO — The group head of HSBC Holdings Plc says the bank is exploring a sale of its Canadian division in part because it's had strong interest from other banks looking to buy it.
Oct 25, 2022 10:16 AM
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Insurance industry recommends climate risk score for houses
TORONTO — The Insurance Bureau of Canada is calling for the creation of a climate risk score that would indicate a property's susceptibility to damages caused by natural disasters.
Oct 25, 2022 10:15 AM
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EU ministers delay for a month decision on more energy unity
BRUSSELS (AP) — European Union nations on Tuesday gave themselves yet another month to overcome deep differences on groundbreaking measures to shield their citizens from the energy crisis.
Oct 25, 2022 9:05 AM
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Venture debt in the spotlight amid tech downturn, falling valuations
TORONTO — When investor exuberance in tech stocks faded as COVID-19 spending habits petered out and recession predictions grew, the head of the Silicon Valley Bank's Canadian arm knew what would keep startups going: venture debt.
Oct 25, 2022 8:30 AM
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