Skip to content

National Business

Ontario's credit rating remains stable despite COVID-19 pandemic: FAO

TORONTO — Ontario's fiscal watchdog says the province's credit rating has remained stable in 2020 despite the costs incurred by the government during the COVID-19 pandemic.
Alberta offers non-financial support for high-speed hyperloop project

Alberta offers non-financial support for high-speed hyperloop project

CALGARY — The Alberta government says it will support a proposal to build a hyperloop transport system capable of whisking passengers in an elevated tube between Edmonton and Calgary at 1,000 kilometres per hour.
Mixed U.S. economic news and Canadian bank reports lead to unsettled markets

Mixed U.S. economic news and Canadian bank reports lead to unsettled markets

TORONTO — Mixed economic news in the U.S. and reports of high provisions for credit losses at two Canadian banks helped drive Canada's main stock index to a small loss at the close of trading Tuesday. The S&P/TSX composite index was down 9.

Most actively traded companies on the TSX

TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (16,617.48, down 9.16 points) Northern Dynasty Minerals Ltd. (TSX:NDM). Materials. Down 42 cents, or 35.29 per cent, to 77 cents on 11.
Saskatchewan reports no new COVID-19 cases for the first time in more than 2 months

Saskatchewan reports no new COVID-19 cases for the first time in more than 2 months

REGINA — Health officials in Saskatchewan are reporting zero new cases of COVID-19 — for the first time this summer. Government data show the last time the province saw no new infections was June 7.
BMO, Scotiabank hit 'high water mark' as they set aside more cash for bad loans

BMO, Scotiabank hit 'high water mark' as they set aside more cash for bad loans

TORONTO — Canadian banks are continuing to put aside hefty amounts of money to protect themselves from bad loans as the COVID-19 pandemic rages on, even as they hope the worst has passed.
Rap at auction: Biggie's crown and Tupac Shakur letters

Rap at auction: Biggie's crown and Tupac Shakur letters

NEW YORK — Rivals in life, the rappers Notorious B.I.G. and Tupac Shakur are being united for an auction at Sotheby’s, the first-ever dedicated hip-hop auction at a major international auction house.

Merger of investment and mutual fund dealer regulators could save $490M: report

TORONTO — The self-regulatory organization that oversees investment dealers and their trading activity in Canada says a merger with the Mutual Fund Dealers Association would save as much as half a billion dollars over 10 years.
July sales of new homes surge 13.9%, far more than thought

July sales of new homes surge 13.9%, far more than thought

SILVER SPRING, Md. — Sales of new homes jumped again in July, rising 13.9% as the housing market continues to gain traction following a spring downturn caused by pandemic-related lockdowns.
US consumer confidence falls in August to lowest in 6 years

US consumer confidence falls in August to lowest in 6 years

WASHINGTON — U.S. consumer confidence fell for the second consecutive month, sinking to the lowest levels in more than six years as a resurgence of COVID-19 infections in many parts of the country heightened pessimism.