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National Business
National Business
US indexes shake off an early slump and eke out gains
NEW YORK — Major stock indexes shook off an early slump and ended with meager gains on Wall Street Tuesday as worries about the economy continue to weigh on markets. Oil prices slumped, bringing the price of U.S.
Jul 5, 2022 4:08 PM
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Three charges laid for 2019 spill from Newfoundland's Hibernia offshore oil platform
ST. JOHN'S, N.L. — Newfoundland and Labrador's offshore oil regulator is laying charges in connection with a 2019 oil spill in the Hibernia field, which sits about 315 kilometres off the coast of St. John's.
Jul 5, 2022 3:25 PM
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Bank of Canada's rapid rate hikes likely to cause a recession, study finds
The Bank of Canada's strategy of rapidly increasing its key interest rate in an effort to tackle skyrocketing inflation will likely trigger a recession, says a new study released Tuesday
Jul 5, 2022 2:56 PM
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Report recommends pegging minimum wages to average incomes, graduated scale for teens
OTTAWA — A new report says Canada should replace its "haphazard and unpredictable" approach to minimum wages across the country with a clear formula based on average incomes.
Jul 5, 2022 1:48 PM
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Alberta to intervene in proceedings on Rogers-Shaw deal
The attorney general of Alberta will intervene in competition tribunal proceedings regarding the $26-billion merger between Rogers Communications Inc. and Shaw Communications Inc., according to a notice filed Monday.
Jul 5, 2022 12:20 PM
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Saskatchewan ranchers call for investigation into retail meat pricing
REGINA — A group of Canadian ranchers is calling for an investigation into meat pricing.
Jul 5, 2022 12:17 PM
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Saving for retirement is becoming out of reach for young Canadians
TORONTO — Twenty-four-year-old Jason Francone has always been pretty good with his money. "Coupons are my middle name; sales are in my DNA," he says. It's not just the art of bargain-hunting that he's mastered, though.
Jul 5, 2022 10:00 AM
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Hecla Mining signs all-stock deal for Alexco Resource
VANCOUVER — Hecla Mining Co. has signed a deal to buy the shares in Alexco Resource Corp. it does not already hold in an all-stock agreement valued at about US$74 million.
Jul 5, 2022 8:59 AM
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Canada says China bars diplomats from Canadian tycoon trial
BEIJING (AP) — Chinese authorities refused to let Canadian diplomats attend the trial of a Chinese-born Canadian tycoon who disappeared from Hong Kong five years ago, Canada’s government said Tuesday.
Jul 5, 2022 7:27 AM
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First test production of plastic a milestone for Heartland Petrochemical Complex
CALGARY — The $4.3-billion Heartland Petrochemical Complex, which has been under construction northeast of Edmonton since 2018, has produced its first plastic pellets. Owner and operator Inter Pipeline Ltd.
Jul 5, 2022 4:00 AM
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