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National Business
National Business
Restaurant sales surpassed pre-pandemic levels in March: Statistics Canada
OTTAWA — Restaurant and bar sales in this country have surpassed their pre-COVID-19 levels for the first time since the pandemic began, according to Statistics Canada.
May 31, 2022 6:51 PM
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Vermilion Energy Inc. completes purchase of Leucrotta Exploration
CALGARY — Vermilion Energy Inc. says it has completed its acquisition of Leucrotta Exploration Inc. Calgary-based Vermilion said in March that it would acquire the junior energy company in a deal worth $477 million.
May 31, 2022 6:35 PM
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CAE profit soars in Q4 as revenues increase 25% excluding ventilators last year
MONTREAL — CAE Inc. says its net profit attributable to shareholders soared last quarter as revenues increased even excluding ventilators sold to the Canadian government last year for people suffering from COVID-19.
May 31, 2022 6:32 PM
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Most actively traded companies on the Toronto Stock Exchange
TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (20,729.34, down 190.06 points.) Arc Resources Ltd. (TSX:ATX). Energy. Down 51 cents, or 2.6 per cent, to $19.05 on 54.7 million shares.
May 31, 2022 5:53 PM
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S&P/TSX breaks seven-day winning streak to end volatile month slightly lower
TORONTO — Canada's main stock index snapped a seven-day winning streak to close a volatile month slightly lower a day before an expected Bank of Canada interest rate hike.
May 31, 2022 4:53 PM
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Stocks slip on Wall Street as messy May comes to a close
NEW YORK (AP) — Stocks ended lower after another wobbly day on Wall Street Tuesday, closing out a rocky month. The S&P 500 fell 0.6%, having recouped about half of its loss from earlier.
May 31, 2022 4:12 PM
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Bank of Canada on track for rate hike after GDP growth slows: Economists
OTTAWA — Economists say the Bank of Canada is still on track for another oversized rate hike on Wednesday after the latest Statistics Canada data showed the pace of economic growth slowed in the first quarter.
May 31, 2022 3:03 PM
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Gold Fields signs deal to buy Canadian miner Yamana Gold worth US$6.7B
TORONTO — Gold Fields Ltd. has signed a deal to buy Yamana Gold Inc. in an deal valued at US$6.7 billion. The companies say the deal will bring together two complementary gold portfolios. Under the agreement, Yamana shareholders will receive 0.
May 31, 2022 2:16 PM
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Experts say dividend-paying stocks are not for everyone
Bob Lai, a 39-year-old product manager and blogger in Vancouver, has an investment portfolio comprised of 51 dividend stocks and one ETF. Lai started investing in his early 20s when ETFs weren’t widely available or popular.
May 31, 2022 12:42 PM
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Cenovus Energy to restart work on stalled offshore oil project in Newfoundland
ST. JOHN'S, N.L. — Cenovus Energy will restart work on the West White Rose offshore oil project in Newfoundland, ending nearly two years of uncertainty in the local energy sector, the company announced Tuesday.
May 31, 2022 12:13 PM
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