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National Business
National Business
Most actively traded companies on the Toronto Stock Exchange
TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (20,172.34, up 150.96 points.) Barrick Gold Corp. (TSX:ABX). Materials. Down four cents, or 0.19 per cent, to $21.15 on 17.
Aug 25, 2022 2:54 PM
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North American markets move higher as investors await Jackson Hole conference
Canada's main stock index gained more than 150 points Thursday and U.S. markets also edged higher in advance of a highly anticipated meeting of the U.S. Federal Reserve in Jackson Hole, Wyo. The S&P/TSX composite index closed up 150.
Aug 25, 2022 2:22 PM
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TD Bank follows peers in preparing for economic downturn, hitting Q3 profit
TORONTO — TD Bank Group followed several of its peers in reporting a profit drop for the third quarter as banks set aside funds for a potential recession ahead, even as loans continued to grow and consumer savings rates remained elevated.
Aug 25, 2022 1:45 PM
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Bank of Canada starts search for new deputy governor with revised role
OTTAWA — The Bank of Canada has started its search for its next deputy governor, which it says will now be a part-time, non-executive role. The fourth deputy governor of the central bank will replace Timothy Lane, who is set to retire on Sept. 16.
Aug 25, 2022 1:43 PM
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US stocks rise again as countdown to Fed speech nears end
NEW YORK (AP) — Stocks are closing higher on Wall Street, clawing back more of their recent losses, as the countdown clicks closer to zero for a highly anticipated speech about interest rates. The S&P 500 rose 1.4% Thursday.
Aug 25, 2022 1:08 PM
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CIBC sees profit dip as it set aside more money for potentially bad loans
TORONTO — CIBC reported a drop in earnings Thursday from a year ago as it set aside more money for potentially bad loans amid rising interest rates. The bank reported a net income of $1.67 billion in its third quarter, down from $1.
Aug 25, 2022 11:08 AM
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Beware the high-wire act of wire transfers, which carry unexpected risks
TORONTO — When Alexander Nachaj needed to wire the down payment on a house, he didn't worry much about it — he just headed down to his local bank branch to send it along to the notary.
Aug 25, 2022 9:58 AM
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Competition Bureau reaches deal with Parkland and Federated Co-operatives
OTTAWA — Parkland Corp. and Federated Co-operatives Ltd. have signed agreements with the Competition Bureau, which had raised concerns about their acquisition of 337 Husky retail gas stations.
Aug 25, 2022 7:48 AM
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Rogers to spend $261M to split networks, but can't quantify economic impact of outage
Rogers Communications Inc. will now spend $261 million to physically split its wireless and wireline networks following the July 8 outage and says it is not in a position to quantify the direct economic losses caused by the disruption.
Aug 25, 2022 7:23 AM
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Fall books a broad mix of literary and commercial favorites
NEW YORK (AP) — Anticipation for one of the fall’s likeliest bestsellers has been growing all year.
Aug 25, 2022 7:00 AM
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