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National Business
National Business
CIBC agrees to settle Cerberus lawsuit for US$770 million
TORONTO — CIBC says it has entered into an agreement to settle a lawsuit filed against it by private equity firm Cerberus Capital Management LP.
Feb 17, 2023 2:31 PM
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Most actively traded companies on the Toronto Stock Exchange
TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (20,515.24, down 91.18): Air Canada (TSX:AC). Industrials. Down $1.95, or 8.42 per cent, to $21.20 on 9.8 million shares.
Feb 17, 2023 2:05 PM
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S&P/TSX composite posts small loss Friday on energy weakness, U.S. markets mixed
TORONTO — Losses in the energy sector weighed Canada's main stock index down Friday, while U.S. markets were mixed, pulled lower by tech. The S&P/TSX composite index closed down 91.18 points at 20,515.24.
Feb 17, 2023 1:52 PM
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Stocks end mixed; S&P 500 posts 2nd straight weekly loss
NEW YORK (AP) — Stocks ended mixed on Wall Street after paring losses from the morning. The S&P 500 still posted its first back-to-back weekly declines since the turn of the year. The index lost 0.3% Friday.
Feb 17, 2023 1:08 PM
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Excess household savings may help economy avoid harsher downturn: BMO
OTTAWA — High household savings in Canada and the U.S. may help both countries avoid a severe downturn as high interest rates ripple through the economy.
Feb 17, 2023 10:00 AM
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Air Canada posts Q4 profit, offering new optimism after tough year for airline
MONTREAL — Air Canada's comeback from pandemic shutdowns appears to be gaining momentum after the airline posted a profit in its latest quarter, offering hope the industry has turned a corner even as the country's largest airline posted a $1.
Feb 17, 2023 9:54 AM
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Indigo creates temporary website for browsing after cyberattack
TORONTO — Indigo Books & Music Inc. has created a temporary website for its customers to browse for books and gifts after a cyberattack halted the company's online operations last week.
Feb 17, 2023 8:41 AM
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High gas prices may have curbed downward inflation trend in January: economists
OTTAWA — Canada's annual inflation rate has been slowing since the summer, but economists are predicting that higher fuel prices in January may have hindered that trend.
Feb 17, 2023 7:00 AM
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Indian authorities accuse BBC of tax evasion after searches
NEW DELHI (AP) — India’s Finance Ministry accused the BBC of tax evasion on Friday, saying that it had not fully declared its income and profits from its operations in the country.
Feb 17, 2023 5:59 AM
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TransAlta to buy interest in Alta. pumped hydro energy storage development for $8M
CALGARY — TransAlta Corp. says it will acquire a 50 per cent interest in an early-stage pumped hydro energy storage development project in southwest Alberta.
Feb 17, 2023 5:29 AM
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