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National Business
National Business
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.
Jan 27, 2023 10:06 AM
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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.
Jan 27, 2023 8:34 AM
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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.
Jan 27, 2023 8:31 AM
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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.
Jan 27, 2023 8:25 AM
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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.
Jan 27, 2023 8:01 AM
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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.
Jan 27, 2023 8:00 AM
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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.
Jan 27, 2023 7:00 AM
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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.
Jan 27, 2023 6:49 AM
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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.
Jan 27, 2023 5:48 AM
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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.
Jan 27, 2023 5:47 AM
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