National Business

Vancouver is raising the empty homes tax that is designed to ease vacancy rates in the city, from three per cent to five per cent of the property's value.

TORONTO — Fairfax Financial Holdings Ltd. says its net income attributable to shareholders plunged to US$125.5 million in the first quarter, in part due to a loss on investments. The Toronto-based insurance company, which reports in U.S.

WASHINGTON (AP) — Treasury Secretary Janet Yellen said Thursday the global pandemic and Russia’s invasion of Ukraine highlight the possibility of big economic shocks in the future, adding that downturns are “likely to continue to challenge the econom

LONDON (AP) — Twitter’s quarterly profit, revenue and the number of daily users on its platform are rising but its quarterly report, released days after agreeing to be sold to billionaire Elon Musk, offered scant details about what it expects on the

VANCOUVER — West Fraser Timber Co. Ltd. says its net profit soared 64 per cent from a year ago to US$1.09 billion in its latest quarter on higher revenues despite significant transportation and mill challenges in B.C.

TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (21,121.06, up 376.83 points.) Suncor Energy Inc. (TSX:SU). Energy. Up $5.07, or 12 per cent, to $47.22 on 24.9 million shares.

TORONTO — Strong corporate earnings south of the border lifted the tech sector and propelled Canada's main stock index to bounce back with its best performance of the year.

MONTREAL — TFI International Inc. more than doubled its profits in its first quarter as surging demand for consumer items, raw materials and manufacturing components fuels growth across the shipping industry.

CALGARY — One of North America's most aggressive activist investors has set its sights on Suncor Energy Inc., seeking an overhaul of the company's board and management team, along with the possible sale of Petro-Canada.

Rogers Communications Inc. said Thursday that it will bring 500 jobs to Calgary with a new national technology centre that it intends to establish following the close of the company's proposed merger with Shaw Communications Inc.