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National Business
CP Rail reports revenue, earnings up on higher shipping volumes
CALGARY — Canadian Pacific Railway Ltd. says its revenue and earnings for the third quarter were up from last year as it saw strong demand for potash shipping and other services. The Calgary-based railway says revenues of $2.
Oct 26, 2022 4:59 PM
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S&P/TSX composite up almost 200 points, U.S. markets mixed
TORONTO — Canada's main stock index was up almost 200 points on Wednesday, buoyed by strength across all sectors on news of a half-percentage point interest rate hike, while U.S. markets were mixed, weighed down by tech stocks.
Oct 26, 2022 4:48 PM
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What to know about inflation and Bank of Canada rate hikes
OTTAWA — The Bank of Canada announced another hike to its key policy rate of half a percentage point, in an attempt to rein in decades-high inflation rates while facing stalled economic growth.
Oct 26, 2022 3:32 PM
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Bank of Canada slows pace of rate hikes but Macklem warns more to come
OTTAWA — The Bank of Canada signalled it is drawing closer to the end of what's been one of the fastest rate hike cycles in its history Wednesday as it raised its key interest rate by a half-percentage point — but made it clear that more rate hikes a
Oct 26, 2022 2:52 PM
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Crescent Point Energy reports Q3 profit up from year ago, announces special dividend
CALGARY — Crescent Point Energy Corp. announced a special dividend for shareholders Wednesday, as continued high oil prices helped the Calgary-based oil and gas company deliver a five-fold increase in profits in its third quarter.
Oct 26, 2022 2:52 PM
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RBC aims to reduce financed emissions by between 11 and 54 per cent by 2030
TORONTO — Royal Bank of Canada outlined Wednesday its climate ambitions for key sectors this decade with targets for lower financed emissions that critics say fall far short of what's needed.
Oct 26, 2022 2:23 PM
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Champagne's conditions on Rogers-Shaw deal generally positive, analysts say
Analysts say new conditions laid out by Industry Minister François-Philippe Champagne Tuesday indicate a willingness to get the proposed $26-billion deal between Rogers Communications Inc. and Shaw Communications Inc. across the finish line.
Oct 26, 2022 1:20 PM
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Saudi oil giant Aramco unveils $1.5B sustainability fund
Saudi oil and gas company Aramco unveiled a $1.5 billion fund on Wednesday for sustainable investments, part of efforts to burnish the state-owned company's green credentials in an announcement ahead of the U.N.
Oct 26, 2022 1:10 PM
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Thai transgender activist buys Miss Universe for $20 million
BANGKOK (AP) — A Thai business tycoon and transgender activist has purchased the Miss Universe Organization for $20 million, her company announced Wednesday. Chakrapong “Anne” Chakrajutathib, who controls JKN Global Group Public Co. Ltd.
Oct 26, 2022 12:40 PM
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Competition Bureau raises concerns about WestJet-Sunwing deal
OTTAWA — The federal Competition Bureau has raised significant concerns about WestJet Airlines Ltd.
Oct 26, 2022 12:07 PM
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