Skip to content

National Business

S&P/TSX composite closes up almost 1.9 per cent, U.S. markets also gain

S&P/TSX composite closes up almost 1.9 per cent, U.S. markets also gain

TORONTO — Canada's main stock index climbed almost 1.9 per cent as commodity prices rose, U.S. markets gained and reported job losses in August suggested Bank of Canada interest rate hikes are working to slow an overheated economy.
Read more >
Stocks end broadly higher, breaking a 3-week losing streak

Stocks end broadly higher, breaking a 3-week losing streak

NEW YORK — Stocks closed broadly higher on Wall Street, breaking a three-week losing streak. The benchmark S&P 500 index rose 1.5% on Friday, but is still well below where it was in mid-August.
Read more >
Dollarama attracts customers from 'all walks of life' seeking relief from high prices

Dollarama attracts customers from 'all walks of life' seeking relief from high prices

Discount retailer Dollarama Inc. is winning over new customers as Canadian shoppers "trade down" from more expensive stores and gravitate toward the dollar store's cheaper prices amid inflation.
Read more >
Job losses continue for third month, signalling economic slowdown

Job losses continue for third month, signalling economic slowdown

OTTAWA — A rise in the unemployment rate in August, coming on the heels of job losses over the last few months, suggests the economy is beginning to slow amid rising interest rates. The unemployment rate was 5.
Read more >
Nova Scotia records 'surprise' surplus of $350.9 million in 2021-22 fiscal year

Nova Scotia records 'surprise' surplus of $350.9 million in 2021-22 fiscal year

HALIFAX — The 2021-22 fiscal year saw Nova Scotia record a “surprise” $350.9-million surplus after forecasting a deficit of $584.9 million in the March 2021 budget, Finance Minister Allan MacMaster said Friday.
Read more >
Cineplex reports August box office revenue of $36 million after a strong July

Cineplex reports August box office revenue of $36 million after a strong July

TORONTO — Cineplex Inc. says its box office revenue amounted to $36 million in August, a total representing 64 per cent of the figure for August 2019 before the pandemic pummeled the movie theatre industry.
Read more >
Corus warns of "meaningful" softness in TV ad revenue in latest outlook

Corus warns of "meaningful" softness in TV ad revenue in latest outlook

TORONTO — Corus Entertainment Inc. says it currently expects "meaningful" year-over-year softness in television advertising revenue.
Read more >
Here's a quick glance at unemployment rates for August, by Canadian city

Here's a quick glance at unemployment rates for August, by Canadian city

OTTAWA — The national unemployment rate was 5.4 per cent in August. Statistics Canada also released seasonally adjusted, three-month moving average unemployment rates for major cities.
Read more >
Here's a quick glance at unemployment rates for August, by province

Here's a quick glance at unemployment rates for August, by province

OTTAWA — Canada's national unemployment rate was 5.4 per cent in August. Here are the jobless rates last month by province (numbers from the previous month in brackets): _ Newfoundland and Labrador 10.5 per cent (10.2) _ Prince Edward Island 7.
Read more >
National employment numbers for August from Statistics Canada, at a glance

National employment numbers for August from Statistics Canada, at a glance

OTTAWA — A quick look at Canada's August employment (numbers from the previous month in brackets): Unemployment rate: 5.4 per cent (4.9) Employment rate: 61.3 per cent (61.6) Participation rate: 64.8 per cent (64.
Read more >