Rate hike hampers index

TORONTO — Canada’s main stock index moved lower Wednesday as the market digested an interest rate hike by the Bank of Canada, while U.S. markets were mixed. The Bank of Canada hiked its key interest rate by a quarter of a percentage point to 4.75%, the first increase since January. The raise was a response […]

What to know about rate hike

OTTAWA — The Bank of Canada raised its key interest rate target by a quarter of a percentage point to 4.75% on Wednesday, the first raise since it announced a pause in January. Here’s what you need to know: Why did the bank raise rates? The Bank of Canada said it decided to raise rates […]

Market readies for rate decision

TORONTO — Canada’s main stock index posted modest gains Tuesday with strength in energy, financials, tech and base metals boosting the index ahead of Wednesday’s Bank of Canada interest rate announcement, while U.S. markets ended in the green after a mixed trading day. The S&P/TSX composite index was up 123.98 points at 20,055.60. In New […]

Investors prepare for big news

TORONTO — Canada’s main stock index was down almost 100 points Monday with broad-based losses led by base metals, health care and financials, while U.S. markets were also down. Investors are sitting tight ahead of a week of heavy macro news that could shift the tone of the market, said Angelo Kourkafas, an investment strategist […]

Apple unveils Vision Pro goggles

CUPERTINO, Calif. — Apple on Monday unveiled a long-rumored headset that will place its users between the virtual and real world, while also testing the technology trendsetter’s ability to popularize new-fangled devices after others failed to capture the public’s imagination. After years of speculation, Apple CEO Tim Cook hailed the arrival of the sleek goggles—dubbed […]

Index has best day of 2023

TORONTO — Canada’s main stock index jumped more than 350 points Friday, driven by gains in energy, industrials, financials and metals. Meanwhile, U.S. stock markets also rose after the latest round of jobs data showed better-than-expected hiring for the month of May even as unemployment rose and wage pressure eased. The S&P/TSX composite index closed […]

Media mixed on news bans

OTTAWA — From “good riddance” to “don’t unfriend us,” independent publishers are expressing mixed feelings about Meta’s decision to temporarily block news on Instagram and Facebook for some of its Canadian users. The company said it’s a response to the Liberal government’s Bill C-18, which would require tech giants to pay publishers for linking to […]

Index gains some ground

TORONTO — Canada’s main stock index gained a hundred points Thursday led by strength in the energy and base metals sectors, while U.S. stock markets also climbed higher. The S&P/TSX composite index closed up 100.01 points at 19,672.25, with the energy index up more than 1% as the price of oil went back above US$70 […]

Prices concern pot executive

TORONTO — The head of Ontario’s cannabis distributor says the “race to the bottom” happening with pot prices risks hurting the market’s future. “Once you condition consumers to certain prices, it may take a generation to change perceptions and price tolerances,” David Lobo, Ontario Cannabis Store president and chief executive, said in a speech at […]

Another rough day for index

TORONTO — Canada’s main stock index was down almost 170 points Wednesday in a broad-based decline led by losses in energy and base metals, while U.S. markets also moved lower. The S&P/TSX composite index was down 167.46 points at 19,572.24. In New York, the Dow Jones industrial average was down 134.51 points at 32,908.27. The […]