Skip to content

National Business

Housing minister warns against resistance to ending exclusionary zoning

Housing minister warns against resistance to ending exclusionary zoning

TORONTO — Canada's Housing Minister is warning that municipalities won't succeed with applications for federal housing accelerator funding unless they are flexible on zoning rules.
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 Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (20,695.02, down 253.07 points): Toronto-Dominion Bank. (TSX:TD). Finance. Down 56 cents, or 0.70 per cent, to $79.88 on 11.
S&P/TSX composite down more than 250 points, U.S. stock markets also lower

S&P/TSX composite down more than 250 points, U.S. stock markets also lower

TORONTO — Canada's main stock index fell more than 250 points in a broad-based decline Wednesday, while U.S. stock markets also fell. The S&P/TSX composite index closed down 253.07 points at 20,695.02.
Stock market today: Wall Street slips as hopes dim for an imminent cut to interest rates

Stock market today: Wall Street slips as hopes dim for an imminent cut to interest rates

NEW YORK (AP) — Wall Street slipped again after a stronger-than-expected report on the U.S. economy weakened hopes that easier interest rates would arrive soon. The S&P 500 fell 0.6% Wednesday, its second straight drop. The Dow fell 0.
Oil sector CEO compensation jumps double-digits amid surging profits: report

Oil sector CEO compensation jumps double-digits amid surging profits: report

CALGARY — CEO pay in the oil and gas sector has soared with the industry's post-pandemic resurgence and will likely increase even more with the completion of the Trans Mountain pipeline expansion this year, a new report projects.
Retail sales up strongly in December as Americans showed continued willingness to spend

Retail sales up strongly in December as Americans showed continued willingness to spend

NEW YORK (AP) — Americans stepped up their spending at retailers in December, closing out the holiday shopping season and the year on an upbeat tone and signaling that people remain confident enough to keep spending freely.
ET welcome: Kentucky city beams message into space inviting extraterrestrial visitors

ET welcome: Kentucky city beams message into space inviting extraterrestrial visitors

LEXINGTON, Ky. (AP) — A Kentucky city has come up with an out-of-this-world campaign to promote tourism. The Lexington Convention and Visitors Bureau used an infrared laser to beam a message into space to invite extraterrestrial travelers.
Deadline to receive partial CEBA loan forgiveness looms for Canadian businesses

Deadline to receive partial CEBA loan forgiveness looms for Canadian businesses

TORONTO — Thursday will mark the deadline for Canadian businesses to repay pandemic loans and receive partial forgiveness, a move that business groupssay will spell closure for thousands of struggling companies.
Rogers sisters resign from company board as part of private settlement

Rogers sisters resign from company board as part of private settlement

TORONTO — Two members of the Rogers family have settled their differences with their brother Edward and announced their retirement from the Rogers Communications Inc. board of directors after a bruising fight over who should lead the company.
Duelling U.S. sandwich brands Jimmy John's and Jersey Mike's to expand in Canada

Duelling U.S. sandwich brands Jimmy John's and Jersey Mike's to expand in Canada

TORONTO — A battle of the sandwich brands is materializing as a pair of U.S. sub companies announce big plans for Canada. Inspire Brands announced Wednesday that its Jimmy John’s banner would use a franchise model to make its way outside the U.S.