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S&P/TSX composite losses deepen as selloff extends to fourth straight day
Canada’s main stock index declined for a fourth straight trading session Wednesday to end the month of August with investor sentiment squarely in the risk-off camp. The S&P/TSX composite index closed down 182.09 points at 19,330.81.
Aug 31, 2022 5:03 PM
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Laurentian Bank shares down as earnings dip, profit margins on loans worsen
MONTREAL — Laurentian Bank of Canada shares closed down more than 10 per cent Wednesday as the bank reported a drop in quarterly earnings caused by provisions for bad loans, while lower margins on interest income and a drop in personal loans also wei
Aug 31, 2022 4:38 PM
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Canadian banks' climate commitments lag expectations of UN-led coalition: Greenpeace
TORONTO — Canada's biggest banks could be pushed out of a UN-backed, net-zero emissions coalition if they don't boost their climate commitments, a report released Wednesday by Greenpeace Canada says.
Aug 31, 2022 3:04 PM
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Canadian economic growth lags expectations in Q2; July estimate points to contraction
OTTAWA — Economists expect the Bank of Canada to move forward with another aggressive interest rate hike next week after the release of data showing the economy remained in relatively good shape during the second quarter of the year.
Aug 31, 2022 2:14 PM
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Rogers-Shaw deal process could drag into next summer, says Scotiabank analyst
TORONTO — As Rogers Communications Inc. aims to close its $26-billion proposed takeover of Shaw Communications Inc. by the end of this year, one telecom watcher says the process could drag on into mid-2023.
Aug 31, 2022 12:17 PM
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Bank of Canada takes to Twitter to set record straight on 'printing money' claim
OTTAWA — As the Bank of Canada tries to reign in red hot inflation, the central bank is engaging in another fight: one against misinformation.
Aug 31, 2022 11:14 AM
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US clears updated COVID boosters targeting newest variants
WASHINGTON (AP) — The U.S. on Wednesday authorized its first update to COVID-19 vaccines, booster doses that target today’s most common omicron strain. Shots could begin within days.
Aug 31, 2022 9:58 AM
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Stocks are off to a mixed start, remain lower for the week
NEW YORK (AP) — Stocks are off to a slightly higher start on Wall Street but major indexes remain lower for the week after several days of declines.
Aug 31, 2022 9:46 AM
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Loomis Express workers reach tentative deal, strike averted
TORONTO — The union representing almost 1,500 Loomis Express workers says it has reached a tentative agreement with the company, avoiding a strike that was set to begin Wednesday. Details of the tentative settlement were not immediately available.
Aug 31, 2022 8:41 AM
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Inflation hits 9.1% in countries using euro currency
LONDON (AP) — Inflation in the European countries using the euro currency hit another record in August, fueled by soaring energy prices mainly driven by Russia’s war in Ukraine. Annual inflation in the eurozone’s 19 countries rose to 9.1%, up from 8.
Aug 31, 2022 7:40 AM
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