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BMO and Scotiabank report slowing growth, credit provisions put pressure on earnings
TORONTO — Weakening economic conditions weighed on Canadian banks as they began to report second quarter results Wednesday.
May 24, 2023 2:10 PM
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A June pause in rate hikes would be a close call for Fed officials, minutes of last meeting show
WASHINGTON (AP) — Federal Reserve officials were divided earlier this month on whether to pause their interest rate hikes at their upcoming meeting in June, according to the minutes of their May 2-3 meeting released Wednesday.
May 24, 2023 1:32 PM
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Target becomes latest company to suffer backlash for LGBTQ+ support, pulls some Pride month clothing
NEW YORK (AP) — Target is removing some items from its stores and making other changes to its LGBTQ+ merchandise nationwide ahead of Pride month after intense backlash from some customers who confronted workers and tipped over displays.
May 24, 2023 11:18 AM
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CPP Investments reports 1.3 per cent return for its latest fiscal year
TORONTO — The Canada Pension Plan Investment Board is bracing for headwinds in the event of a recession but said a wide range of investments makes it well-positioned for uncertain economic conditions.
May 24, 2023 11:08 AM
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Cirque du Soleil and Gamefam to launch Roblox experience as part of next-gen push
MONTREAL — Cirque de Soleil Entertainment Group is joining forces with metaverse game developer Gamefam to create an online gaming experience on Roblox.
May 24, 2023 10:40 AM
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McCarthy sending negotiators to White House to finish debt limit talks, but sides 'far apart'
WASHINGTON (AP) — House Speaker Kevin McCarthy said Wednesday he was sending Republican negotiators to the White House to finish out debt limit talks, but warned that the two sides are “still far apart” as they try to reach a budget deal with Preside
May 24, 2023 10:10 AM
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Ottawa announces plans to spend $6.3 million on Nova Scotia tourism projects
HALIFAX — The federal government said today it plans to spend $6.3 million on 53 new tourism projects in Nova Scotia.
May 24, 2023 10:03 AM
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Stock market today: Wall Street dips as markets drop worldwide
NEW YORK (AP) — A worldwide swoon for financial markets is carrying over to Wall Street, and stocks are slipping further on Wednesday. The S&P 500 was 0.6% lower in early trading, a day after dropping 1.1% as the U.S.
May 24, 2023 7:54 AM
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Sustainable till death do us part, and 45 days beyond; mushroom coffin a last best wish for some
DELFT, Netherlands (AP) — For those seeking to live in the most sustainable way, there now is an afterlife too.
May 24, 2023 7:51 AM
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Scotiabank reports Q2 profit down from year ago, raises quarterly dividend
TORONTO — Scotiabank raised its quarterly dividend as it reported a second-quarter profit of $2.16 billion, down from $2.75 billion in the same quarter last year. The bank said Wednesday it will now pay a quarterly dividend of $1.
May 24, 2023 5:22 AM
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