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S&P/TSX composite edges up amid rebound in China, as U.S. stock markets dip

S&P/TSX composite edges up amid rebound in China, as U.S. stock markets dip

Canada's main stock index kicked off the month on a tentative positive note, edging higher Wednesday on strong economic numbers out of China even as worries about future rate hikes in North America tamp down market enthusiasm following a tough Februa
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Stocks dip as Wall Street braces for higher interest rates

Stocks dip as Wall Street braces for higher interest rates

NEW YORK (AP) — Stocks dipped as Wall Street braced for interest rates to stay higher for longer with inflation remaining stubbornly sticky. The S&P 500 fell 0.5% Wednesday.
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National Bank reports $881M Q1 profit, down from $930M a year earlier

National Bank reports $881M Q1 profit, down from $930M a year earlier

MONTREAL — National Bank of Canada said Wednesday that it would take a cautious approach to growth as it reported first quarter profits that were down as provisions for credit losses ticked up.
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Oil and gas investment in Canada to hit $40 billion in 2023, industry group says

Oil and gas investment in Canada to hit $40 billion in 2023, industry group says

CALGARY — Investment in oil and gas production in Canada will jump by 11 per cent to hit $40 billion in 2023, the country's largest fossil fuel industry group said Wednesday.
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TD takeover of First Horizon in doubt as it looks to extend close again

TD takeover of First Horizon in doubt as it looks to extend close again

TORONTO — TD Bank Group's US$13.4-billion takeover of First Horizon is in doubt as it looks to further extend the closing date of the deal.
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Calgary housing inventory sinks to 2006 levels, sales almost halved: Alberta board

Calgary housing inventory sinks to 2006 levels, sales almost halved: Alberta board

CALGARY — The Calgary Real Estate Board says last month's inventory levels were among the lowest the market has seen in February since 2006 as sales were almost halved from a year ago.
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Enbridge earmarks $3.3 billion for Gulf Coast storage plant, other projects

Enbridge earmarks $3.3 billion for Gulf Coast storage plant, other projects

CALGARY — A U.S. Gulf Coast gas storage facility and a stake in a company developing fuel from waste food are among a string of new investments announced by Canadian energy giant Enbridge Inc. on Wednesday.
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Shopify creates new career tracks with even compensation for managers and 'crafters'

Shopify creates new career tracks with even compensation for managers and 'crafters'

OTTAWA — Shopify Inc. is revamping its staffing and compensation model. The Ottawa-based e-commerce company says staff will now be split into two career tracks: managers and crafters.
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RBC reports Q1 profit down as expenses, provisions for credit losses rise

RBC reports Q1 profit down as expenses, provisions for credit losses rise

TORONTO — Royal Bank of Canada saw profits slip in the first quarter as it joined other banks in setting more money aside for tougher economic conditions ahead, though like others it also benefited from higher capital markets revenue as the uncertain
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Insolvency filings in Canada in January up 33.7% compared with a year earlier

Insolvency filings in Canada in January up 33.7% compared with a year earlier

OTTAWA — Insolvencies in Canada surged by a third in January compared with a year ago as consumers struggled with rising prices and higher interest rates, the Office of the Superintendent of Bankruptcy said Wednesday.
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