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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.
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.
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.
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.
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

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.
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.
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.

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.
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