Skip to content

National Business

Prominent businessman Mitch Garber pitches local ownership for Montreal Gazette

Prominent businessman Mitch Garber pitches local ownership for Montreal Gazette

MONTREAL — A prominent businessman and lawyer who believes the Montreal Gazette needs local ownership has offered to take a stake in the newspaper, but he said Thursday he hasn't heard back from its owner.
Most actively traded companies on the Toronto Stock Exchange

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (20,606.42, down 113.97): Manulife Financial Corp. (TSX:MFC). Financials. Up 99 cents, or 3.79 per cent, to $27.12 on 26.
Oppose Canada's 'xenophobic' foreign property tax, U.S. critics urge Biden admin

Oppose Canada's 'xenophobic' foreign property tax, U.S. critics urge Biden admin

WASHINGTON — The federal government is giving in to the same nationalist impulses it has been fighting for years in the United States, say critics on both sides of the border who oppose Ottawa's new push to discourage foreigners from owning Canadian
Tesla recalls 'Full Self-Driving' to fix flaws in behavior

Tesla recalls 'Full Self-Driving' to fix flaws in behavior

DETROIT (AP) — Tesla is recalling nearly 363,000 vehicles in the U.S.
S&P/TSX composite down more than 100 points, U.S. markets fall further

S&P/TSX composite down more than 100 points, U.S. markets fall further

TORONTO — Canada's main stock index lost just over half a per cent Thursday amid weakness in energy and technology, while U.S. markets fell further. The S&P/TSX composite index was down 113.97 points at 20,606.42.
Cenovus CEO Pourbaix to step down, become executive chair; Jon McKenzie to be new CEO

Cenovus CEO Pourbaix to step down, become executive chair; Jon McKenzie to be new CEO

CALGARY — Cenovus Energy Inc. chief executive Alex Pourbaix will step down from his CEO role later this year to devote more time to his evolving role as an outspoken champion of Canada's oilsands industry and its decarbonization ambitions.
US stocks drop as inflation remains stubbornly hot

US stocks drop as inflation remains stubbornly hot

NEW YORK (AP) — Stocks fell on Wall Street, posting their biggest drop in four weeks, after another reading on inflation came in hotter than expected. The S&P 500 fell 1.
Ontario Cannabis Store reducing price margins to help pot businesses compete

Ontario Cannabis Store reducing price margins to help pot businesses compete

TORONTO — In a bid to help retailers compete with the illicit pot market, the Ontario Cannabis Store will lower its price margins this fall — but its chief executive warns the move won't solve all the industry's woes.
Canadian Tire 'bullish' on auto parts and service as consumers focus on essentials

Canadian Tire 'bullish' on auto parts and service as consumers focus on essentials

Canadian Tire Corp. Ltd. capped its centennial year with strong growth in its automotive business as demand for auto parts and service helped offset softer spending on non-essential items, the company said Thursday.
Macklem says economy still overheated and jobs market is too tight

Macklem says economy still overheated and jobs market is too tight

OTTAWA — As the Bank of Canada monitors the economy's response to higher interest rates, governor Tiff Macklem says it is still overheated and the labour market is too tight.