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Shaw sees revenue, income decline in first quarter of fiscal 2023

Shaw sees revenue, income decline in first quarter of fiscal 2023

CALGARY — Shaw Communications Inc. says revenue for its first quarter ended Nov. 30, 2022 saw revenue decrease by 1.2 per cent year over year. The Calgary-based company says net income for the quarter was down 14.
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RBC subsidiary in U.S. to pay $31 million redlining settlement

RBC subsidiary in U.S. to pay $31 million redlining settlement

TORONTO — An RBC subsidiary in the U.S. has reached a US$31-million settlement with the Department of Justice over allegations of discrimination by limiting mortgage lending in predominately Black and Latino communities.
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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 (20,211.20, up 186.15): Algonquin Power & Utilities Corp. (TSX:AQN). Utilities. Down 42 cents, or 4.22 per cent, to $9.53 on 14.
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S&P/TSX composite gains almost one per cent, U.S. markets also rise

S&P/TSX composite gains almost one per cent, U.S. markets also rise

TORONTO — Canada's main stock index gained almost one per cent Thursday, buoyed by strength in the energy and financial sectors, while U.S. markets also rose. The S&P/TSX composite index was up 186.15 points at 20,211.20.
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Banking regulator launches consultations on mortgage rules, proposes additions

Banking regulator launches consultations on mortgage rules, proposes additions

TORONTO — Stricter rules around qualifying for a mortgage could be coming as Canada's banking regulator seeks feedback on several proposals to limit the number of overstretched borrowers.
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'Consumer demand is not letting up:' Aritzia posts record sales despite inflation

'Consumer demand is not letting up:' Aritzia posts record sales despite inflation

Canadian fashion brand Aritzia Inc.'s sales momentum continued unabated in its latest quarter, appearing nearly immune to the spending pullback plaguing much of the retail industry amid high inflation.
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Wall Street ticks higher as hot US inflation cools further

Wall Street ticks higher as hot US inflation cools further

NEW YORK (AP) — Wall Street closed higher after a report showed inflation slowed again last month. The S&P 500 rose 0.3% Thursday. The Nasdaq and the Dow each rose 0.6%.
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Hundreds of jobs affected as Canfor announces pulp line closure at B.C. mill

Hundreds of jobs affected as Canfor announces pulp line closure at B.C. mill

PRINCE GEORGE, B.C. — An estimated 300 jobs in British Columbia will likely be gone by the end of the year as Canfor Pulp Products closes the pulp line at its Prince George pulp and paper mill.
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House votes to block China from buying oil from US reserves

House votes to block China from buying oil from US reserves

WASHINGTON (AP) — The Republican-controlled House on Thursday voted to block oil from the country's emergency stockpile from going to China.
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US inflation eases grip on economy, falling for a 6th month

US inflation eases grip on economy, falling for a 6th month

WASHINGTON (AP) — Rising U.S. consumer prices moderated again last month, bolstering hopes that inflation’s grip on the economy will continue to ease this year and possibly require less drastic action by the Federal Reserve to control it .
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