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National Business
National Business
S&P/TSX down 1.5 per cent, U.S. markets fall further one day after Fed hikes rates
TORONTO — Canada's main stock index fell by almost 1.5 per cent Thursday with broad-based declines, while U.S. stock markets fell even further a day after the U.S.
Dec 15, 2022 4:40 PM
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US stocks sink as Fed signals it will remain aggressive
NEW YORK — Stocks tumbled in the U.S. and Europe as investors grew increasingly concerned that the Federal Reserve and other central banks are willing to risk a recession to bring inflation under control. The S&P 500 fell 2.
Dec 15, 2022 4:29 PM
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Sobeys parent company Empire says cyberattack expected to cost $25M after insurance
Sobeys parent company Empire Co. Ltd. has shared new details on a cyberattack that shut down its pharmacy services and other in-store functions last month.
Dec 15, 2022 3:59 PM
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High travel demand and ticket prices narrow Transat losses in Q4
MONTREAL — Travel company Transat A.T. Inc. closed a challenging year on a high as it set sights on a continued recovery for air travel next year with high prices and even higher demand.
Dec 15, 2022 3:36 PM
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Shopify won't move into The Well, will develop current space at King Portland Centre
TORONTO — Shopify Inc. says it won’t move into a high-profile retail, office and residential building in Toronto.
Dec 15, 2022 2:59 PM
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Mortgage stress tests unchanged despite housing market slowdown
Mortgage stress test levels were left unchanged Thursday as the federal banking regulator and Department of Finance favoured a cautious approach over calls to relax tests to help a slowing housing market.
Dec 15, 2022 2:57 PM
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Tesla stock rises despite Musk selling $3.58B of its shares
Shares of Tesla rose slightly in midday trading Thursday despite news that CEO Elon Musk sold another $3.58 billion worth of the electric vehicle maker’s stock this week. The stock traded at $157.
Dec 15, 2022 2:11 PM
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$698M deal to end Monsanto PCB pollution lawsuit in Oregon
PORTLAND, Ore. (AP) — Bayer, the German pharmaceutical and biotechnology company, will pay Oregon $698 million to end a lawsuit over PCB pollution associated with products made by Monsanto, the agriculture giant it now owns.
Dec 15, 2022 1:58 PM
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European Central Bank slows rate hikes but vows more ahead
FRANKFURT, Germany (AP) — The European Central Bank slowed its record pace of interest rate increases slightly Thursday but promised that more hikes are on the way, joining the U.S.
Dec 15, 2022 11:41 AM
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Company reopens most of pipeline following Kansas oil spill
TOPEKA, Kan. (AP) — The operator of a pipeline with the the largest onshore crude oil spill in nine years occurred has reopened all of it except for the stretch in Kansas and northern Oklahoma that includes the site of the rupture. Canada-based T.C.
Dec 15, 2022 11:36 AM
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