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Financial system has to adjust to higher interest rates, Macklem says
OTTAWA — Bank of Canada governor Tiff Macklem says the financial system has to adjust to higher interest rates, just like the rest of the economy. Macklem addressed the recent banking stress that was set off in the U.S.
Apr 14, 2023 3:12 PM
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In Newfoundland, 'commissioning' of troubled hydro dam met with skepticism, unease
ST. JOHN'S, N.L. — Though Muskrat Falls has weighed heavily on Newfoundland and Labrador's finances and residents' morale, reaction was surprisingly muted to an announcement this week that the project is finally considered to be in working order.
Apr 14, 2023 2:11 PM
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'Quiet luxury': No flash, no logos, but big-time style
NEW YORK (AP) — They're the biggest of brands. But with no logos. And that's the whole point. Call it stealth wealth, or quiet luxury.
Apr 14, 2023 11:50 AM
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Statistics Canada says manufacturing sales down 3.6% in February
OTTAWA — Statistics Canada says manufacturing sales fell 3.6 per cent to $71.5 billion in February, as sales of petroleum and coal products helped lead the drop. The agency says the decline followed a revised 4.5 per cent increase in January.
Apr 14, 2023 11:49 AM
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Average home price to end the year 4.8% lower than 2022, will rise 4.7% in 2024: CREA
The Canadian Real Estate Association expects the average price of a home to end the year 4.8 per cent lower than 2022, but says prices will rise by roughly the same amount in 2024.
Apr 14, 2023 10:57 AM
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Reitmans sees sales rise, earnings decline in fourth quarter and fiscal year
MONTREAL — Reitmans (Canada) Ltd. says it saw sales rise in its fourth quarter and full fiscal year, while net earnings were down. The Montreal-based retailer says sales for the fourth quarter of fiscal 2023 increased by 11.4 per cent to $211.
Apr 13, 2023 6:06 PM
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Tech consultant charged in killing of Cash App founder Lee
SAN FRANCISCO (AP) — A tech consultant was arrested and charged with murder Thursday in the stabbing death of the gregarious and popular Cash App founder Bob Lee last week in downtown San Francisco, authorities said.
Apr 13, 2023 5:50 PM
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Most actively traded companies on the Toronto Stock Exchange
TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (20,564.49, up 110.17): Copper Mountain Mining Corp. (TSX:CMMC). Materials. Up 41 cents, or 18.14 per cent, to $2.67 on 10.
Apr 13, 2023 5:15 PM
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Experience Regina no more: rebranding of tourism agency walked back
REGINA — The rebranding of the tourism agency of Saskatchewan's capital city is being walked back as an independent review is set to examine what happened before the campaign rollout drew intense criticism.
Apr 13, 2023 5:02 PM
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S&P/TSX composite index gains more than 100 points, U.S. markets climb
TORONTO — Canada's main stock index rose more than 100 points Thursday while U.S. stock markets climbed steadily throughout the day to post gains of more than one per cent after two pieces of positive economic news.
Apr 13, 2023 4:49 PM
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