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National Business
National Business
Stocks end higher on Wall Street but still fall for the week
NEW YORK — A late-afternoon rally on Wall Street helped stocks close higher Friday, though the major indexes still wound up finishing lower for the week after several days of bumpy trading. The S&P 500 rose 0.
Nov 18, 2022 1:53 PM
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S&P/TSX composite up almost 100 points, U.S. markets also up
TORONTO — Canada's main stock index gained almost 100 points Friday, boosted by strength in industrials and telecom, while U.S. markets were also up. The S&P/TSX composite index was up 96.33 points at 19,980.91.
Nov 18, 2022 1:41 PM
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Rogers, Shaw merger will hurt low-income Canadians the most, tribunal hears
OTTAWA — The families of Rogers Communications Inc. and Shaw Communications Inc. will be the big winners if the $26-billion proposed merger goes through and low-income Canadians will be left even further behind, an economics professor said Friday.
Nov 18, 2022 12:57 PM
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Ontario Teachers' Pension Plan becomes second public pension to write off crypto bet
TORONTO — For the second time this year a major Canadian public pension is writing down to zero a bet on cryptocurrency as the risky market sours.
Nov 18, 2022 11:46 AM
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Manitoba government introduces bill to enact promised minimum wage increase
WINNIPEG — The Manitoba government has introduced a bill in the legislature to formally enact a raise in the minimum wage.
Nov 18, 2022 10:46 AM
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Women making small gains, but still troublingly under-represented in the C-Suite
CALGARY — It's been eight years since Canadian securities regulators instituted so-called comply-or-explain rules in an effort to increase the number of women in the nation's corporate boardrooms and executive offices.
Nov 18, 2022 8:52 AM
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Shawcor sells oilfield asset management business in deal worth at least $15M
TORONTO — Shawcor Ltd. says it has sold its oilfield asset management business to Force Inspection Services Inc. in a deal worth at least $15 million.
Nov 18, 2022 8:13 AM
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Rio Tinto calls off deal with dissident shareholders at Turquoise Hill
TORONTO — Rio Tinto has called off a controversial side agreement it had signed with a pair of shareholders that opposed the company's plan to buy a minority stake in Turquoise Hill Resources Ltd. that it does not already own.
Nov 18, 2022 6:09 AM
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Torstar co-owners say focused on quick 'divorce' in public appearance
TORONTO — Speaking for the first time publicly since their business relationship soured, Torstar Corp. owners Paul Rivett and Jordan Bitove confirmed there was no reconciliation ahead as their approaches to business were too different.
Nov 18, 2022 1:00 AM
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3 convicted in 2014 downing of Malaysian jet over Ukraine
SCHIPHOL, Netherlands (AP) — A Dutch court on Thursday convicted three men of murder for their role in shooting down a Malaysia Airlines passenger jet with a Russian surface-to-air missile, killing all 298 people aboard the aircraft as it flew over a
Nov 17, 2022 11:14 PM
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