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National Business
Laurentian Bank posts most profitable quarter since 2018
MONTREAL — Laurentian Bank of Canada reported a second-quarter profit of $59.5 million, up from $53.1 million a year ago, its most profitable quarter since 2018. The Montreal-based bank says its net income amounted to $1.
Jun 1, 2022 1:45 PM
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EU approves Poland recovery fund, paving way to pay billions
BRUSSELS (AP) — The European Union’s executive branch on Wednesday approved Poland’s pandemic recovery fund, paving the way for the release of billions of euros in grants and loans, even as lawmakers expressed deep unease about democratic backsliding
Jun 1, 2022 1:19 PM
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Study finds non-homeowners are pessimistic about buying homes despite cooling prices
TORONTO — A new study conducted by Chartered Professional Accountants of Canada (CPA Canada) finds that Canadians who don't own homes think home ownership remains far out of reach despite prices cooling slightly across the country.
Jun 1, 2022 12:27 PM
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The Bank of Canada hiked rates again. Here's a timeline of how we got here
The Bank of Canada raised its overnight rate by half a percentage point to 1.5 per cent Wednesday and signalled more increases to come, as it aims to curb out-of-control inflation, which is now at its highest level in 30 years.
Jun 1, 2022 10:27 AM
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US job openings decline from record level but remain high
WASHINGTON (AP) — The white-hot demand for U.S. workers cooled a bit in April, though the number of unfilled jobs remains high and companies are still desperate to hire more people. Employers advertised 11.
Jun 1, 2022 10:22 AM
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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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