Loonie dips to four-year low

TORONTO — The Canadian dollar is trading against the U.S. dollar at levels not seen since 2020 as the combined pressures of economic outlooks, elections and energy prices weigh. Here’s what you need to know. What’s happening with the Canadian dollar? Canada’s currency sunk below 72 cents US this week for the first time in […]

Tupperware rises from ashes

NEW YORK — A U.S. bankruptcy judge approved a sale of Tupperware Brands on Tuesday, paving the way for the iconic food-shortage company to soon exit Chapter 11 protection and continue offering its products while undergoing a hoped-for revitalization. The sale, given the court’s green light in Delaware, still is subject to closing conditions. Under […]

Truth Social value surges

NEW YORK — Donald Trump’s Truth Social is now worth more than Elon Musk’s X, thanks to a recent run-up in the shares of the parent company of the former president’s social media platform. Trump Media & Technology Group is now valued at over $10 billion after its shares more than quadrupled since late September. […]

Positive start to ‘interesting’ week

TORONTO — Canada’s main stock index gained just over 100 points Monday as strength in financial and technology stocks helped outweigh losses in energy, while U.S. markets also moved higher. This week will give investors plenty to chew on, including earnings from several big tech names, said Mona Heidari, senior financial advisor at BlueShore Financial. […]

Google exempted from news act

OTTAWA — The Canadian Radio-television and Telecommunications Commission has granted Google a five-year exemption from the Online News Act, ordering it to pay $100 million to Canadian news outlets within 60 days. Google agreed last year to pay Canadian news publishers $100 million a year in order to be exempt from the law, which compels […]

Cineplex appeals massive fine

TORONTO — Cineplex Inc. has launched an appeal of a record $38.9 million fine for deceptive marketing practices imposed by the Competition Tribunal. The country’s largest cinema owner filed notice with the Federal Court of Appeal on Wednesday, vehemently denying it engaged in “drip pricing” and asking for a stay of the fine pending completion […]

CPKC thrives despite challenges

Canadian Pacific Kansas City Ltd. enjoyed a jump in profits last quarter despite a costly derailment and a labour disruption that forced the railway to wind down operations over a two-week stretch last summer. On a conference call Wednesday, CEO Keith Creel highlighted “a very challenging operational quarter” but said the company bounced back to […]

Inflation victory means deep cut

OTTAWA — The Bank of Canada claimed victory against high inflation on Wednesday as it delivered a supersized interest rate cut and signalled its policy rate will likely continue falling in the coming months. The half-percentage point interest rate cut marks the fourth consecutive reduction since June and brings the central bank’s policy interest rate […]

Rough quarter for CN Railway

MONTREAL — Canadian National Railway Co. felt the heat of wildfires and labour disputes last quarter, as the company looks to rebound from the resulting cargo backlogs and lost business. The slower freight flow and higher costs associated with July’s devastating forest fire in Jasper, Alta., and CN’s coast-to-coast work stoppage in August tamped down […]

Retiring early has its cons

TORONTO — A Manulife report says retiree experiences vary significantly based on when a person retired, and whether it was planned or earlier than expected. While most people have a retirement age in mind, nearly half of them (47%) retired sooner than expected at an average age of 59, the company’s financial resilience and longevity […]