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National Business
National Business
Markets continue recovery from mid-week selloff as S&P 500 notches new all-time high
TORONTO — Canada's main stock index gained 1.6 per cent on Thursday, led by strong gains in the energy sector, while U.S. markets also rose, with the S&P 500 notching a new all-time high. The S&P/TSX composite index closed up 333.
Feb 15, 2024 2:02 PM
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Dax Dasilva returns to Lightspeed as interim CEO, JP Chauvet steps down
Lightspeed Commerce Inc. founder Dax Dasilva is back at the helm of the company he started and he has a mission: profitability and boosting the stock price. "When I took the company public in 2019, our revenue was US$77.
Feb 15, 2024 2:02 PM
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West Fraser Timber encouraged by outlook despite ongoing challenges: CEO
VANCOUVER — West Fraser Timber Co. Ltd. president and CEO Sean McLaren said he expects the company will continue to experience unpredictable challenges such as inflation risks and labour constraints.
Feb 15, 2024 1:58 PM
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Prince Edward Island signs exclusive tourism marketing deal with NHL
CHARLOTTETOWN — Canada’s smallest province is looking to boost its tourism profile by capitalizing on the popularity of the National Hockey League.
Feb 15, 2024 1:42 PM
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Air Canada chatbot decision a reminder of company liability: experts
TORONTO — A decision on Air Canada's liability for what its chatbot said is a reminder of how companies need to be cautious when relying on artificial intelligence, experts say. The B.C.
Feb 15, 2024 1:26 PM
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Stock market today: Wall Street returns to record heights as Treasury yields ease
NEW YORK (AP) — Stocks returned to record heights following some mixed reports on the economy. The S&P 500 rose 0.6% Thursday, surpassing the all-time high it set last week. The Dow Jones Industrial Average rose 0.
Feb 15, 2024 1:07 PM
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Restaurant Brands expects to have 40,000 restaurants, $60B in sales by 2028
TORONTO — The owner of the Tim Hortons and Burger King chains said it expects its quick-serve empire to span 40,000 restaurants and to achieve a collective US$60 billion in sales by 2028. Restaurant Brands International Inc.
Feb 15, 2024 12:50 PM
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CMHC reports annual pace of housing starts in January down 10% from December
OTTAWA — The annual pace of housing starts in January slowed by 10 per cent compared with December, as the rate of starts for new multi-unit projects such as apartments, condominiums and townhouses pulled back. Canada Mortgage and Housing Corp.
Feb 15, 2024 9:35 AM
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Aging population will widen labour gap in Canadian agriculture: report
OTTAWA — Canada's agriculture industry will have a domestic labour gap of more than 100,000 jobs by 2030, according to a new report.
Feb 15, 2024 9:34 AM
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Business council forecasts slower growth of 0.7 per cent in B.C. ahead of budget
VANCOUVER — A new report ahead of next week's B.C. budget is forecasting slower economic growth for the province this year.
Feb 15, 2024 9:06 AM
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