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National Business
Head of RBC says underlying economy still strong despite heightened volatility risk
TORONTO — The head of RBC says market volatility caused by geopolitical risks shouldn't be enough to throw off rate increases and the underlying strength of the economy.
Feb 24, 2022 11:59 AM
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US slightly revises up its GDP estimate for Q4 to 7%
WASHINGTON (AP) — The U.S. economy ended 2021 by expanding at a brisk 7% annual pace from October through December, the government reported Thursday in a slight upgrade from its earlier estimate as businesses stepped up their restocking of supplies.
Feb 24, 2022 9:14 AM
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Maple Leaf Foods reports Q4 profit down as labour and production costs rise
MISSISSAUGA, Ont. — Maple Leaf Foods Inc. reported its fourth-quarter profit fell compared with a year ago as it faced rising labour and production costs. The company says it earned $1.9 million or two cents per share for the quarter ended Dec.
Feb 24, 2022 8:29 AM
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NATO vows to defend its entire territory after Russia attack
BRUSSELS (AP) — NATO Secretary-General Jens Stoltenberg warned Thursday that the military alliance would defend every inch of its territory should Russia attack a member country, as he slammed Moscow for launching a brutal act of war on Ukraine.
Feb 24, 2022 7:26 AM
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Slain cinematographer's husband angry Baldwin deflects blame
LOS ANGELES (AP) — The husband of a cinematographer shot and killed on the set of the film “Rust” says it's “absurd” that Alec Baldwin believes he's not to blame for the shooting and he was “so angry” when Baldwin didn't accept responsibility.
Feb 23, 2022 10:51 PM
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Transat A.T. appoints European as new head of Air Transat operations
MONTREAL — Transat A.T. Inc. has appointed Marc-Philippe Lumpé to head its airline operations, replacing Jean-François Lemay, who has led Air Transat since 2013. Lumpé will start June 1, subject to receiving a work permit in Canada.
Feb 23, 2022 6:58 PM
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Desjardins surplus earnings before dividends plunge 55% in Q4 to $393 million
LÉVIS, Que. — Desjardins Group says its surplus earnings before member dividends plunged 55 per cent to $393 million in the fourth quarter.
Feb 23, 2022 6:44 PM
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Stelco closes book on record year with $513M Q4 profit as steel prices boost revenues
HAMILTON — Stelco Holdings Inc. capped its most successful year by swinging to a $513-million profit in the fourth quarter on a near tripling of revenues due to soaring prices. The Hamilton, Ont.-based steelmaker says it earned $6.
Feb 23, 2022 6:15 PM
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Most actively traded companies on the Toronto Stock Exchange
TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (20,744.17, down 163.65 points.) Manulife Financial Corp. (TSX:MFC). Financials. Down 28 cents, or 1.1 per cent, to $26.00 on 24.
Feb 23, 2022 5:56 PM
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Fendi, Cavalli open a more relaxed Milan Fashion Week
MILAN (AP) — As Europe braced for winds from a possible war in Ukraine, the Italian fashion world carried on with a Milan Fashion Week that brought the return of Russian buyers after two years and the easing of pandemic travel restrictions.
Feb 23, 2022 5:39 PM
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