Financial sector lifts index

Canada’s main stock index held firm Friday, buoyed by sturdy energy and financial sectors despite an initial dip prompted by a jitter-inducing inflation report out of the U.S, where markets fell. The S&P/TSX composite index nudged up 31 points to close out the week at 20,219.19. “The banks and financials, which are 30 per cent […]

Canadian oil and gas stable

CALGARY — When Russian tanks and troops rolled into Ukraine one year ago, it was no shock that crude prices spiked above US$100 per barrel for the first time since 2014. With Russia controlling 10% of the world’s crude oil supply, many observers in the early days of the conflict predicted the war and Western […]

Google upsets Canadian media

OTTAWA — Advocates for the print and digital media industry are pushing back against Google, which they believe is bullying Canadians by limiting access to online news as part of a fight with Ottawa. “Canadians are going see this as a foreign company that is bullying Canadians, and I don’t think that this is going […]

Keep death costs down

If you’ve ever thought about what kind of funeral you’d like to have, you might be interested in planning it yourself—or even paying for it while you’re still alive. In fact, experts say it can be a smart financial decision. That’s what Janet Gray, an advice-only financial planner with Money Coaches Canada, did recently. She […]

Markets hit ‘choppy waters’

TORONTO — Canada’s main stock index was down almost 1.3% Tuesday with broad-based losses led by technology, health care and financials, while U.S. stock markets slid more than 2%. The S&P/TSX composite index was down 262.60 points at 20,252.64. In New York, the Dow Jones industrial average was down 697.10 points at 33,129.59. The S&P […]

Inflation slows, but not for food

OTTAWA — The annual inflation rate slowed more than expected in January, suggesting the Bank of Canada is likely content with its decision to pause rate hikes as price pressures continue to ease. In its consumer price index report released Tuesday, Statistics Canada said the deceleration in headline inflation to 5.9% in January from 6.3% […]

Air Canada returns to profitability

MONTREAL — Air Canada’s comeback from pandemic shutdowns appears to be gaining momentum after the airline posted a profit in its latest quarter, offering hope the industry has turned a corner even as the country’s largest airline posted a $1.7 billion loss for the year. The company reported a $168 million profit for the three […]

Energy, tech drag index down

TORONTO — Canada’s main stock index lost just over half a percent Thursday amid weakness in energy and technology, while U.S. markets fell further. The S&P/TSX composite index was down 113.97 points at 20,606.42. In New York, the Dow Jones industrial average was down 431.20 points at 33,696.85. The S&P 500 index was down 57.19 […]

Tesla to share charging spots

WASHINGTON — Electric car giant Tesla will, for the first time, make some of its charging stations available to all U.S. electric vehicles by the end of next year, under a new plan announced Wednesday by the White House. The plan will make at least 7,500 chargers from Tesla’s Supercharger and Destination Charger network available […]

Home sales down substantially

Home sales in Canada posted their worst start to the year since 2009 as January sales fell 37.1% compared with the start of 2022 and prices continued to fall, the Canadian Real Estate Association said Wednesday. Home sales for the month amounted to 20,931 and came as the January sales also fell 3% compared with […]