Skip to content

National Business

Slowing growth a ‘good thing’ when economy is overheated: BoC's Macklem

Slowing growth a ‘good thing’ when economy is overheated: BoC's Macklem

OTTAWA — Bank of Canada governor Tiff Macklem says that although a slowing economy may not seem like a good thing, it is when the economy is overheated.
Montreal home sales down 36% from January 2022: Quebec real estate association

Montreal home sales down 36% from January 2022: Quebec real estate association

MONTREAL — The Quebec Professional Association of Real Estate Brokers says Montreal's January home sales fell to a level not seen since 2009 as the market slowdown continued.
Stocks end higher after zig-zagging on Fed chair's comments

Stocks end higher after zig-zagging on Fed chair's comments

NEW YORK (AP) — Stocks closed higher on Wall Street after the head of the Federal Reserve signaled last week’s stunningly strong jobs report isn’t likely to change where interest rates are heading on its own, as some investors had feared.
Toy company Spin Master behind powerhouse brands like Paw Patrol sees Q4 revenue drop

Toy company Spin Master behind powerhouse brands like Paw Patrol sees Q4 revenue drop

TORONTO — Toy maker Spin Master Corp. recorded a drop in revenue in its latest quarter after stores ordered inventory early to avoid supply shortages and high inflation took a toll on demand later in the year.
Canadian business insolvencies up 37.2% in 2022, consumer insolvencies up 11.2%

Canadian business insolvencies up 37.2% in 2022, consumer insolvencies up 11.2%

The Office of the Superintendent of Bankruptcy said Tuesday that the number of insolvencies filed by Canadian companies in 2022 was up 37.2 per cent compared with 2021 — and at least one business organization predicts that figure will keep growing.
WestJet pilots at an 'impasse' with airline over contract talks: union

WestJet pilots at an 'impasse' with airline over contract talks: union

CALGARY — The union representing WestJet pilots says contract negotiations with the airline have been unproductive and federal conciliation may be needed to avert a strike.
Germany, Denmark, Netherlands pledge Ukraine Leopard 1 tanks

Germany, Denmark, Netherlands pledge Ukraine Leopard 1 tanks

KYIV, Ukraine (AP) — Germany, Denmark and the Netherlands announced Tuesday that they plan to provide Ukraine with at least 100 refurbished Leopard 1 battle tanks, a pledge that comes as Kyiv anticipates a new Russian offensive around the anniversary
UK energy giant BP's profits double to $27.7 billion

UK energy giant BP's profits double to $27.7 billion

LONDON (AP) — British energy firm BP reported record annual earnings Tuesday, fueling demands that the U.K. government boost taxes for companies benefiting from the high price of oil and natural gas after Russia’s invasion of Ukraine .
Luxury parka maker Canada Goose charts path to triple revenue in five years

Luxury parka maker Canada Goose charts path to triple revenue in five years

Luxury outerwear maker Canada Goose Holdings Inc. has charted a new five-year growth path it says could nearly triple its annual revenue by 2028.
Statistics Canada reports merchandise trade deficit $160 million in December

Statistics Canada reports merchandise trade deficit $160 million in December

OTTAWA — Canada posted a merchandise trade deficit of $160 million in December as both exports and imports fell compared with November, Statistics Canada said Tuesday.