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National Business
National Business
Financial intelligence agency hands down $7.4M penalty to Royal Bank of Canada
OTTAWA — Canada's financial intelligence agency has levied a $7.4-million penalty against the Royal Bank of Canada for non-compliance with anti-money laundering and terrorist financing measures.
Dec 5, 2023 9:36 AM
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Weak economy looms over holiday shopping season as consumers seek value: retailers
TORONTO — Santa is hearing Christmas wishes from children at malls adorned in holiday regalia, stores are teeming with eggnog and gingerbread treats and a barrage of marketing campaigns are promising the perfect gift is just one credit card swipe awa
Dec 5, 2023 9:15 AM
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Energy infrastructure firm AltaGas raising quarterly dividend for 2024
CALGARY — AltaGas Ltd. is raising its dividend as it says it expects its earnings to grow next year, helped by its core operations. The energy infrastructure company says it will pay a quarterly dividend of 29.
Dec 5, 2023 9:12 AM
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Greater Toronto home sales fall amid affordability challenges but relief forecasted
TORONTO — Greater Toronto home sales fell six per cent last month compared with November 2022 despite an influx in new listings, as high borrowing costs and uncertain economic conditions persisted.
Dec 5, 2023 9:11 AM
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App company Amp Me to pay fine in settlement agreement with Competition Bureau
GATINEAU, Que. — The Competition Bureau says Amp Me Inc. has agreed to pay a fine to settle the regulator's concerns about false or misleading claims by the mobile application and the purchase of positive reviews.
Dec 5, 2023 8:37 AM
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US job openings fall to lowest level since March 2021 as labor market cools
WASHINGTON (AP) — U.S. employers posted 8.7 million job openings in October, the fewest since March 2021, in a sign that hiring is cooling in the face of higher interest rates yet remains at a still-healthy pace.
Dec 5, 2023 8:19 AM
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Quebec pork farmers reeling as a 'perfect storm' creates economic crisis
ST-SEBASTIEN, QUE. — Over the last two years, François Nadeau has chosen to do something rare among his fellow Quebec pork farmers: invest in the future.
Dec 5, 2023 1:00 AM
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CBC cutting 600 jobs, some programming as it slashes budget
TORONTO — The Canadian Broadcasting Corp. and Radio-Canada will eliminate about 600 jobs and an additional 200 vacancies will go unfilled as it contends with a $125-million budget shortfall.
Dec 4, 2023 3:52 PM
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Canada's grocery retail sector one of the most competitive on Earth: Sobeys CEO
OTTAWA — The top executive at Sobeys asserted on Monday that Canada has one of the most competitive grocery retail sectors on the planet — even as Canadians continue to feel the bite of higher prices.
Dec 4, 2023 2:42 PM
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Criminal use of cryptocurrency expected to grow, Canada's financial intel agency says
OTTAWA — Canada's financial intelligence agency says it anticipates that criminals will increase their use of cryptocurrency to raise, move and hide funds outside the traditional banking system.
Dec 4, 2023 2:25 PM
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