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National Business

Michele Romanow's Clearco cuts more staff, hands off international business

Michele Romanow's Clearco cuts more staff, hands off international business

TORONTO — Michele Romanow's e-commerce investing company Clearco has laid off 60 employees as it hands off its international business, a month after cutting 25 per cent of its workforce.
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BMO Financial Group wraps Big Six earnings with Q3 profits down from a year ago

BMO Financial Group wraps Big Six earnings with Q3 profits down from a year ago

TORONTO — BMO Financial Group wrapped the Big Six earnings season with a drop in earnings as a pullback in capital markets more than offset gains from loan growth and improved returns on interest income. The bank reported earnings of $1.
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New Brunswick says its surplus is $100 million more than projected in March

New Brunswick says its surplus is $100 million more than projected in March

FREDERICTON — New Brunswick is projecting a surplus of $135.5 million for the 2022-23 fiscal year, a rise of $100 million compared to the government's estimate in the spring budget.
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In the wake of LaFlamme's exit, how effective are independent workplace reviews?

In the wake of LaFlamme's exit, how effective are independent workplace reviews?

TORONTO — As Bell Media undergoes an independent workplace review after the dismissal of Lisa LaFlamme as CTV National News' chief anchor, one corporate governance expert cautions the move doesn't guarantee change.
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Job vacancies rose in July, dashing Fed hopes for cooling

Job vacancies rose in July, dashing Fed hopes for cooling

WASHINGTON (AP) — The number of open jobs in the United States rose in July after three months of declines, a sign that employers are still urgently seeking workers despite slowing economic growth and high inflation.
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Lenders cautious about micro-condo mortgages, but financing options still plentiful

Lenders cautious about micro-condo mortgages, but financing options still plentiful

TORONTO — Canadians eager to buy a home as the real estate market cools might find themselves considering micro-condos, but mortgage brokers say if you're thinking small, prepare for extra caveats when seeking financing.
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Couche-Tard reaches deal with Competition Bureau to address Wilsons deal concerns

Couche-Tard reaches deal with Competition Bureau to address Wilsons deal concerns

OTTAWA — Alimentation Couche-Tard Inc., which has signed a deal to buy the Wilsons chain of gas stations in Atlantic Canada, has reached an agreement with the Competition Bureau to resolve its concerns over the acquisition.
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Health officials in Ontario investigate reports of diners getting sick

Health officials in Ontario investigate reports of diners getting sick

MARKHAM, Ont. — Health officials in a southern Ontario municipality are investigating reports of several diners becoming seriously ill following a weekend meal at a restaurant in Markham.
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Canada formally initiates challenge of 'unfair' U.S. duties on softwood lumber

Canada formally initiates challenge of 'unfair' U.S. duties on softwood lumber

OTTAWA — International Trade Minister Mary Ng says Canada is formally initiating a challenge of "unwarranted and unfair" U.S. duties on Canadian softwood lumber. The Canadian government filed notice of the challenge today under the U.S.
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Bell pushes back against accusations surrounding LaFlamme departure, coverage

Bell pushes back against accusations surrounding LaFlamme departure, coverage

TORONTO — Bell Media is pushing back against accusations that CTV National News anchor Lisa LaFlamme was ousted because of her appearance and that it interfered in the network's coverage of the fallout.
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