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S&P/TSX composite drops, loonie gains in reaction to hawkish Bank of Canada outlook

S&P/TSX composite drops, loonie gains in reaction to hawkish Bank of Canada outlook

TORONTO — Canada's main stock index suffered its worst day in about a month while the loonie climbed higher in reaction to the Bank of Canada moving up its timeline for when it expects to raise interest rates.
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Even with ongoing power struggle, Rogers deal is still worth it for Shaw: experts

Even with ongoing power struggle, Rogers deal is still worth it for Shaw: experts

TORONTO — Executives at Shaw Communications Inc. are sure to be watching closely as a battle for control at Rogers Communications Inc.
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Bank of Canada warns on prolonged inflation, but hints at looming hike in rates

Bank of Canada warns on prolonged inflation, but hints at looming hike in rates

OTTAWA — The Bank of Canada is warning inflation will stay higher for longer than it previously forecast and signalled that an interest rate hike may be coming sooner than expected.
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Teck Resources reports record profits in Q3 as global commodities surge

Teck Resources reports record profits in Q3 as global commodities surge

CALGARY — Surging global commodity prices helped lift Teck Resources Ltd. to a record third quarter and the company said Wednesday it's on track to surpass those results in the fourth quarter of this year.
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University of Toronto to fully divest $4 billion endowment from fossil fuels by 2030

University of Toronto to fully divest $4 billion endowment from fossil fuels by 2030

TORONTO — The University of Toronto has become the latest institution to commit to the divestment movement, saying Wednesday that it will sell off all fossil fuel investments in its $4 billion endowment fund by the end of 2030 to help fight climate c
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H&R Real Estate Investment Trust to focus on residential and industrial sector

TORONTO — H&R Real Estate Investment Trust, one of Canada's largest landlords, announced a plan to spin off or sell its retail and office properties in a bid to focus on the residential and industrial sector.
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Beef a bigger challenge than oil and gas when it comes to tackling methane emissions

Beef a bigger challenge than oil and gas when it comes to tackling methane emissions

CALGARY — As Canada doubles down on efforts to reduce harmful methane emissions, experts say one of the trickiest hurdles standing in the way is the burping cow.
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Google launches program paying for news in Canada with 11 publishers

Google launches program paying for news in Canada with 11 publishers

TORONTO — Cash started flowing from Google to Canadian publishers Wednesday as the tech giant brought a program that pays media companies for news to the country.
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Survey suggests staff worried about bias toward on-site workers if working remotely

As an executive with the city of Toronto, Lawrence Eta now makes a point of not coming into the office every day.
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Iran's president says cyberattack meant to create 'disorder'

Iran's president says cyberattack meant to create 'disorder'

DUBAI, United Arab Emirates (AP) — Iran's president said Wednesday that a cyberattack which paralyzed every gas station in the Islamic Republic was designed to get “people angry by creating disorder and disruption,” as long lines still snaked around
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