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News from Canada
TSX up over 250 points on basic materials strength, U.S. markets also positive
Canada’s main stock index rose more than 250 points, helped by strength in the basic materials sector, while U…
Boeing paid US$3.1 million fine to FAA over widespread safety violations
Boeing paid a US$3.1 million fine to the U.S. Federal Aviation Administration earlier this year after the agen…
Bank of Canada holds key rate as it prioritizes ‘multiple risks in play’
The Bank of Canada stuck to the sidelines as governor Tiff Macklem suggested the re-escalating trade war with …
Damaging storms sweep across Ontario, causing flooding, power outages in Toronto area
Weather office issued multiple emergency alerts as police responded to reports of downed power lines and hail …
20.2% property tax increase required if Calgary funds all 2027 budget requests
The figures were included in a number of confidential, preliminary budget documents obtained by Global News af…
Air Canada Express flight attendants vote on strike mandate as contract talks stall
Flight attendants who work on Air Canada Express flights are voting on whether to authorize strike action as t…
Work at McIlvenna Bay mine ‘monumental’ for Saskatchewan, federal energy minister says
Copper concentrate was produced for the first time in over 20 years in Saskatchewan at its McIlvenna Bay mine,…
Ontario judge finds ample evidence that Galaxy Digital misled investors about collapsed cryptocurrencies
The ruling said Mike Novogratz ‘forthrightly conceded’ that Galaxy did not disclose the specific risks of Luna…
Invading Canada would be ‘preposterous,’ U.S. commander says at Indo-Pacific military meeting
Admiral Samuel Paparo dismissed question about hypothetical military action but added, ‘I follow the orders of…
Dutch bank shifts 86 tonnes of gold from U.S., Canada to U.K.
The DNB bank said gold reserves held in London could be traded more easily than those held in New York and Ott…
Carney’s summit to push Canadian resources, defence and tech to global investors
Former PM Harper expected to speak at the end of the global conference in Toronto, sources say
Ottawa announces tariff relief for Nova Scotia businesses
Justice Minister Sean Fraser announced $14.1-million in grants for Nova Scotia firms on Wednesday to help offs…
Broadcom forecasts quarterly revenue below estimates, signalling intense competition
Company expects fourth-quarter revenue of about US$34.8-billion, compared with analysts’ average estimate of U…
Bull or bear market? AI spurs rethink of traditional market measures
What do you call it when a major Wall Street index posts big gains and losses practically every day and is sti…
Major cash-back cards cut customer benefits
Increasingly complex loyalty programs have driven consumers to cash-back cards, but the latest changes aren’t …
Uber to lay off 10% of staff in biggest cuts since COVID
Uber will reduce the number of employees positioned seven or more reporting layers below the CEO by 20 per cen…
Vancouver-area home sales down nearly 5% in August amid second-half lag: board
Home sales in the Vancouver region dropped 4.6 per cent last month compared with a year ago, continuing a lag …
Auto sales see third consecutive month of gains in August: DesRosiers
DesRosiers Automotive Consultants Inc. says auto sales in August were up 5.4 per cent, marking the third conse…
Algoma resumes electric arc furnace production after unplanned power outage
Algoma Steel Group Inc. says it has resumed electric arc furnace production after an unplanned outage at its L…
Ottawa commits millions to help Nova Scotia companies weather U.S. tariffs
Package includes grants for 27 businesses and organizations, says Justice Minister Sean Fraser
Apple changes Lake Ontario name to 'Lake America' for US users of its Maps, following Trump's order
Apple has relabeled Lake Ontario to “Lake America” for U.S. users of its Maps app, following competitor Google…
Text of the Bank of Canada's latest policy interest rate decision
The Bank of Canada maintained its policy interest rate at 2.25 per cent on Wednesday. Here is the text of the …
Sean Fraser applauds exclusion of U.S. suppliers as he announces N.S. tariff relief
Justice Minister Sean Fraser, also the minister in charge of the Atlantic Canada Opportunities Agency, says th…
Jaguar Land Rover launches electric Range Rover
The launch of the electric Range Rover is a major strategic issue for the brand, which plans to build between …
Chevron expands Venezuela presence with $7B US plan
Chevron will invest more than $7 billion US through its Venezuela joint ventures to double oil production to a…
Dutch central bank shifts billions in gold from Canada, U.S. to London in ‘crisis preparedness’ move
Relocation improves ‘tradability of our gold reserves,’ bank’s governor says
U.S. oil giant Chevron confirms it will expand operations in Venezuela
Oil giant Chevron confirmed that it will expand its operations in Venezuela, just days after President Donald …
Judge rules against breaking up Google’s ad business in Big Tech’s latest antitrust victory
Ruling marks the DOJ’s third failed attempt at forcing a tech giant to sell assets in order to address monopol…
B.C. government confirms gas revenue forecast errors worth $1.46B
Energy Minister Adrian Dix said the most significant error, a 44-cent overstatement in the forecasted per-giga…
With the trade war, the Bank of Canada had no choice but to hold rates
Central bank’s mandate is to keep inflation stable and predictable; its primary tool is adjusting the policy i…
World shares extend losses, while the global bond sell-off intensifies
World shares tumbled Wednesday after stocks slipped on Wall Street and as a global bond market sell-off deepen…
SOCAN Sues Suno for Copyright Infringement Over AI Generated Music Outputs
SOCAN is taking legal action against Suno. The Canadian music rights organization has filed a legal claim agai…
Canadian Tire and Tim Hortons launch partnership to boost loyalty programs
Canadian Tire Corp. Ltd. and Tim Hortons are hoping to perk up their customer bases by linking their loyalty p…
Couche-Tard reports slowing U.S. sales growth as it pushes ahead with takeover of Poland’s Zabka
‘Progress in a business like ours is measured over years, not quarters,’ CEO Alex Miller told analysts on a ca…
How Japan’s bond rout is turning the tide of global capital
With benchmark Japanese bond yields breaking through a three-decade-old barrier, higher returns are starting t…
Bank of Canada holds key rate at 2.25 per cent once again
Monetary policymakers at the Bank of Canada use the policy rate to keep a lid on inflation and support economi…
U.S. energy secretary says Venezuela oil output to more than double in next few years
U.S. Energy Secretary Chris Wright said on Tuesday after landing in Venezuela that deals that oil companies fr…
Dell shares gain after strong AI server demand boosts annual forecast
Dell Technologies’ shares climbed nearly 10 per cent in premarket trading on Wednesday, as strong demand for i…
Inflation risks rise with higher fuel costs and new U.S. tariffs, Bank of Canada governor warns
The Bank of Canada held its benchmark interest rate steady on Wednesday at 2.25 per cent, in a move widely exp…
BoC holds rate steady, suggests oil shock more concerning than trade war
Markets increase bets on December rate hike and bond yields jump after Macklem strikes hawkish tone