Skip to content

National Business

Western Forest Products' Port Alberni, B.C., mill closes as company seeks viable path

Western Forest Products' Port Alberni, B.C., mill closes as company seeks viable path

More than 100 workers in Port Alberni are the latest forest industry employees to face layoffs as Western Forest Products confirms it will not restart its sawmill in that Vancouver Island city.
US inflation and consumer spending cooled in December

US inflation and consumer spending cooled in December

WASHINGTON (AP) — The Federal Reserve's preferred inflation gauge eased further in December, and consumer spending fell — the latest evidence that the Fed's series of interest rate hikes are slowing the economy.
S&P/TSX composite down in late-morning trading, U.S. stock markets mixed

S&P/TSX composite down in late-morning trading, U.S. stock markets mixed

TORONTO — Losses in the base metals sector helped lead Canada's main stock index lower in late-morning trading, while U.S. stock markets put in a mixed showing. The S&P/TSX composite index was down 38.07 points at 20,662.43.
Shopify CTO Allan Leinwand steps down for 'personal reason,' Lütke to take over R&D

Shopify CTO Allan Leinwand steps down for 'personal reason,' Lütke to take over R&D

OTTAWA — Shopify Inc. says chief technology officer Allan Leinwand will be departing the company with chief executive Tobi Lütke to take on some of his responsibilities.
U.S. senators call for trade crackdown on Canada over dairy quotas, digital policies

U.S. senators call for trade crackdown on Canada over dairy quotas, digital policies

WASHINGTON — A pair of senior U.S. senators is urging the Biden administration to get tough with Canada for "flouting" obligations to its North American trade partners. Democrat Sen. Ron Wyden of Oregon and Republican Sen.
Federal government posts $3.6 billion deficit between April and November

Federal government posts $3.6 billion deficit between April and November

OTTAWA — The federal government posted a budgetary deficit of $3.6 billion in the first eight months of the fiscal year. In its monthly fiscal monitor, the finance department says the deficit compares to a deficit of $73.
Women-led startups fear falling behind amid tech downturn

Women-led startups fear falling behind amid tech downturn

TORONTO — Members of Canada's tech community say they are worried the sector's recent downturn will weigh even heavier on women founders, who have long trailed their male counterparts when fundraising.
Wall Street opens lower, still headed for a weekly gain

Wall Street opens lower, still headed for a weekly gain

NEW YORK (AP) — Stocks are off to a weak start on Wall Street, but they’re still headed for their third weekly gain in the last four.
Group forms to build small modular nuclear reactor in Ontario

Group forms to build small modular nuclear reactor in Ontario

CLARINGTON, Ont. — Ontario Power Generation, GE Hitachi Nuclear Energy, SNC-Lavalin Group Inc. and Aecon Group Inc. are joining forces to build a small modular nuclear reactor in Ontario.
TotalEnergies EP Canada ups stake in Fort Hills oilsands project

TotalEnergies EP Canada ups stake in Fort Hills oilsands project

CALGARY — TotalEnergies EP Canada Ltd. says it is increasing its ownership in the Fort Hills oilsands project by acquiring part of Teck Resources Ltd.'s stake in the mine. Teck announced last year that it would sell its 21.
push icon
Be the first to read breaking stories. Enable push notifications on your device. Disable anytime.
No thanks