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National Business
National Business
Resilient economy may muddle inflation fight, recession still expected: economists
TORONTO — Canadian households and the overall economy have proven surprisingly resilient in the face of rising interest rates, said senior economists from the big banks, which could complicate the fight against inflation.
Jan 13, 2023 11:18 AM
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Yellen tells Congress US expected to hit debt limit Thursday
WASHINGTON (AP) — Treasury Secretary Janet Yellen notified Congress on Friday that the U.S. is projected to reach its debt limit on Thursday and will then resort to “extraordinary measures” to avoid default.
Jan 13, 2023 9:43 AM
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CIBC head of Canadian personal and business banking Laura Dottori-Attanasio retiring
TORONTO — CIBC says Laura Dottori-Attanasio, senior executive vice-president and group head for Canadian personal and business banking, is retiring. Dottori-Attanasio's last day at the bank is Feb.
Jan 13, 2023 8:54 AM
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Home prices in Q4 down year-over-year, first decline since end of 2008: report
TORONTO — The median price of a home in Canada in the fourth quarter of 2022 posted the first year-over-year decline since the end of 2008 during the financial crisis, Royal LePage says.
Jan 13, 2023 8:50 AM
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Investors look for 2023 outlooks from companies as earnings season looms
TORONTO — Experts say the upcoming earnings season will be overshadowed by the broader economic climate, with interest rates and inflation data more closely watched thanindividual company reports.
Jan 13, 2023 7:00 AM
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Trump Organization fined $1.6 million for tax fraud
NEW YORK (AP) — Donald Trump’s company was fined $1.
Jan 13, 2023 6:54 AM
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Liberal minister says Canada needs more immigration as targets get mixed reviews
OTTAWA — As Canada plans to significantly ramp up its immigration levels in the coming years, some policy experts are worried about potential effects on health care, housing and the labour market.
Jan 13, 2023 6:11 AM
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Corus Entertainment reports Q1 profit and revenue down from year ago
TORONTO — Corus Entertainment Inc. reported its first-quarter profit fell compared with a year ago as its revenue also moved lower. The television and radio company says it earned $31.
Jan 13, 2023 6:04 AM
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Cogeco Communications reports Q1 profit and revenue up, trims guidance for full year
MONTREAL — Cogeco Communications Inc. reported its first-quarter profit and revenue rose compared with a year ago, but the company trimmed its guidance for its full financial year.
Jan 13, 2023 5:59 AM
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Shaw sees revenue, income decline in first quarter of fiscal 2023
CALGARY — Shaw Communications Inc. says revenue for its first quarter ended Nov. 30, 2022 saw revenue decrease by 1.2 per cent year over year. The Calgary-based company says net income for the quarter was down 14.
Jan 12, 2023 3:26 PM
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