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Unifor, Detroit Three kick off contract talks amid inflation, EV transition pressures
TORONTO — Unifor national president Lana Payne emphasized that autoworkers expect to make significant wage and benefit gains as the union kicked off contract talks with the Detroit Three on Thursday.
Aug 10, 2023 2:40 PM
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S&P/TSX composite index keeps climbing on Thursday, U.S. markets also rise
TORONTO — Canada's main stock market index posted a small gain Thursday as it continued its climb this week, helped by strength in financial, telecom and technology stocks, while U.S. markets also rose after the latest inflation report.
Aug 10, 2023 2:33 PM
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Stock market today: Wall Street ends mixed after US inflation report
NEW YORK (AP) — Stocks wobbled to a mixed close on Wall Street following the latest update on inflation across the U.S. The S&P 500 ended just barely higher Thursday after having been up as much as 1.3% earlier in the day.
Aug 10, 2023 2:08 PM
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Canadian Tire profits fall as consumer spending on discretionary products sags
TORONTO — Demand for non-essential items at Canadian Tire stores took a dive last quarter as the company said customers are increasingly feeling the pinch of higher inflation and interest rates. Those struggles prompted Canadian Tire Corp. Ltd.
Aug 10, 2023 1:47 PM
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Air Canada ranks last in on-time performance among 10 biggest North American airlines
MONTREAL — A new report says Air Canada ranked last in on-time performance among the 10 largest airlines in North America, as some carriers north of the border struggle to find their post-pandemic footing despite much better outcomes than the travel
Aug 10, 2023 1:18 PM
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Quebecor's Freedom Mobile purchase pushes it to big earnings gains
Quebecor Inc. says it added more than 1.8 million subscribers through its purchase of Freedom Mobile as it began to unveil new offerings for customers following its entry to the national wireless market last quarter.
Aug 10, 2023 12:45 PM
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Freeland touts home savings account, notes limits to addressing housing crisis
TORONTO — Deputy Prime Minister Chrystia Freeland says the uptake of a new savings account for first-time homebuyers is exceeding expectation, though she acknowledged the limits of what it can do to address affordability.
Aug 10, 2023 12:42 PM
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Algonquin Power to hire new CEO, sell green energy group after US$253M loss
OAKVILLE, Ont. — Algonquin Power and Utilities Corp. says it has hired an interim CEO as it looks to sell its renewable energy division after losses topped US$250 million last quarter.
Aug 10, 2023 11:33 AM
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Hollywood strikes stretching beyond this year would be 'problematic': Cineplex CEO
TORONTO — As television and film writers passed the 100th day of striking and actors neared a month on the picket lines, the chief executive of Canada’s largest cinema chain is hoping "common sense will prevail" and the sides will have reached an agr
Aug 10, 2023 11:10 AM
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CPP Investments sees rate hikes, stronger dollar offset its gains
TORONTO — The Canada Pension Plan Investment Board says its net return amounted to a loss of 0.8 per cent last quarter.
Aug 10, 2023 8:29 AM
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