National Business

First Quantum Minerals Ltd. says it earned US$93 million in the second quarter of 2023, down from US$419 million a year earlier. The Toronto-based company, which reports in U.S. dollars, says sales revenues were US$1.7 billion, down from US$1.

WASHINGTON (AP) — U.S. consumer confidence shot to the highest level in two years this month as inflationary pressures eased and the American economy continued to show resilience in the face of dramatically higher interest rates.

TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (20,551.53, down 30.59): Royal Bank of Canada. (TSX:RY). Finance. Down $2.05, or 1.55 per cent, to $130.01 on 10.3 million shares.

TORONTO — Canada's main stock index ticked lower Tuesday amid mixed trading results, while U.S. markets moved higher. The S&P/TSX composite index closed down 30.59 points at 20,551.53. In New York, the Dow Jones industrial average was up 26.

TORONTO — Crave is introducing two ad-supported tiers that each shave $5 or $10 off the monthly subscription fee. Bell Media says its new Crave Basic with Ads costs $9.99/month, while Crave Standard with Ads costs $14.99/month.

CALGARY — Analysts say a dramatic narrowing in the price discount for western Canadian heavy crude in the second quarter of 2023 should mean healthy profits for oilsands producers poised to start reporting their earnings later this week.

NEW YORK (AP) — Stocks closed higher as Wall Street waits to hear from some of its most influential companies, and whether their huge rally this year was justified. The S&P 500 rose 0.3% Tuesday, its highest level in more than 15 months.

BEIJING (AP) — China removed its sometimes outspoken foreign minister on Tuesday and replaced him with his predecessor at an unusually scheduled meeting, a move that has fueled rumors about what might be going on with the nation's Communist Party eli

TORONTO — Industry Minister François-Philippe Champagne's newly launched consultation process regarding wireless access on Toronto's subway system proposes a timeline that could see the dispute between carriers resolved by December and partial servic

Toronto's downtown office vacancy rate hit 12 per cent in the second quarter, up from 11.6 per cent in the first quarter to continue an upward trend, according to Avison Young. That rate is far higher than the 2.