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Stock market today: Wall Street ends mixed as Fed keeps rates steady but signals more hikes may come
NEW YORK (AP) — Stocks swung to a mixed close on Wall Street after the Federal Reserve hinted it may raise interest rates two more times this year. The S&P 500 ended less than 0.
Jun 14, 2023 4:10 PM
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A look at how the Bell layoffs affect their journalism platform
TORONTO — BCE Inc. announced Wednesday that it is cutting 1,300 positions, around three per cent of its workforce, and closing or selling nine radio stations as the company plans to "significantly adapt" how it delivers the news.
Jun 14, 2023 3:01 PM
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Oxford Properties Group acquires The Rimrock Resort Hotel in Banff
TORONTO — Oxford Properties Group says it's acquired the 330-room Rimrock Resort Hotel in Banff National Park. The real estate firm says hospitality group Accor has signed with Oxford to operate the hotel, effective immediately.
Jun 14, 2023 1:49 PM
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Household debt level rises as interest rates bite into cash flow
OTTAWA — Canadians have less cash to spend even as they are taking on more debt, Statistics Canada reported Wednesday, at a time when interest rates are the highest they've been in decades.
Jun 14, 2023 12:56 PM
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Inflationary pressures continue to ease, producer prices drop 0.3% from April to May
WASHINGTON (AP) — Wholesale prices in the United States dropped 0.3% from April to May, another sign that inflationary pressures continue to ease in the face of repeated interest rate hikes by the Federal Reserve.
Jun 14, 2023 12:25 PM
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Aurora Cannabis on the hunt for savings again, says Bevo deal boosted Q3 revenue
Aurora Cannabis Inc. is on the hunt for more savings after wrapping a transformation plan that delivered at least $400 million in savings over the last three years.
Jun 14, 2023 10:28 AM
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Shell ditches lower oil production target but insists it's committed to cutting emissions
LONDON (AP) — Shell has effectively abandoned a plan to cut oil production by 1-2% per year until the end of the decade, instead maintaining output at current levels in a move that risks angering climate activists.
Jun 14, 2023 10:27 AM
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Google should break up digital ad business over competition concerns, European regulators say
BRUSSELS (AP) — European Union regulators hit Google with fresh antitrust charges Wednesday, saying the only way to satisfy competition concerns about its lucrative digital ad business is by selling off parts of the tech giant's main moneymaker .
Jun 14, 2023 9:41 AM
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Management group walks away from Canaccord Genuity buyout offer
TORONTO — Canaccord Genuity Group Inc. says a proposed management buyout of the firm will not go ahead after key conditions of the offer, including required regulatory approvals, were not received by the offer's expiry time.
Jun 14, 2023 9:32 AM
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Putin threatens to seize more of Ukraine to block attacks on border regions
KYIV, Ukraine (AP) — Russian President Vladimir Putin suggested Tuesday that he could order his troops to try to seize more land in Ukraine to protect bordering Russian territory — a threat with questionable credibility because the Kremlin lacks full
Jun 13, 2023 6:03 PM
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