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Ski-Doo maker BRP feels impact of slower consumer spending as profits, shares drop

Ski-Doo maker BRP feels impact of slower consumer spending as profits, shares drop

MONTREAL — BRP Inc. saw its third-quarter profits tumble by half from a year earlier, triggering a stock price decline as the recreational vehicle maker felt the squeeze of sluggish consumer spending.
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Stock market today: Wall Street closes out its best month in more than a year

Stock market today: Wall Street closes out its best month in more than a year

NEW YORK — Stocks ended mostly higher on Wall Street and closed out November with big gains. The S&P 500 rose 0.4% Thursday. The index rose 8.9% in November, its biggest monthly gain in more than a year.
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Netflix urges CRTC to recognize its existing contributions to Canadian broadcasting

Netflix urges CRTC to recognize its existing contributions to Canadian broadcasting

Streaming giant Netflix says the CRTC should recognize the role it already plays in helping fund Canada's broadcasting industry and reject calls to mandate an additional payment from the company.
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Banks report higher provisions for bad loans, focus on expenses as economy slows

Banks report higher provisions for bad loans, focus on expenses as economy slows

TORONTO — Several Canadian banks on Thursday reported fourth-quarter results that showed rising funds set aside for bad loans, and a heavy focus on expense management, as they prepared for the expected slower economy ahead.
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An appeals court reinstates gag order that barred Trump from maligning court staff in NY fraud trial

An appeals court reinstates gag order that barred Trump from maligning court staff in NY fraud trial

NEW YORK (AP) — A New York appeals court Thursday reinstated a gag order that barred Donald Trump from commenting about court personnel after the former president repeatedly disparaged a law clerk in his New York civil fraud trial .
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Canadian economy shrank in Q3 but manages to 'keep its head above recession waters'

Canadian economy shrank in Q3 but manages to 'keep its head above recession waters'

OTTAWA — The Canadian economy shrank in the third quarter as higher rates weighed on consumer and business spending, but has so far managed to skirt a recession after a significant upward revision to second quarter GDP figures.
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TD Bank cuts jobs as quarterly results reflect a gloomy economic picture

TD Bank cuts jobs as quarterly results reflect a gloomy economic picture

TORONTO — TD Bank Group said it's cutting three per cent of staff and setting more money aside for souring loans as it reported fourth quarter results that reflect a deteriorating economic picture.
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Royal Bank chief executive McKay defends HSBC deal as bank reports profits up

Royal Bank chief executive McKay defends HSBC deal as bank reports profits up

TORONTO — RBC chief executive Dave McKay made some of his most forceful comments yet on the importance of the federal government approving the bank's $13.5-billion takeover of HSBC Canada as the deal attracts rising opposition.
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Cristiano Ronaldo faces $1B class-action lawsuit after promoting for Binance NFTs

Cristiano Ronaldo faces $1B class-action lawsuit after promoting for Binance NFTs

NEW YORK (AP) — Portuguese soccer star Cristiano Ronaldo has been hit with class-action lawsuit seeking at least $1 billion in damages for his role in promoting cryptocurrency-related “non-fungible tokens,” or NFTs, issued by the beleaguered cryptocu
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These companies have laid off Canadian workers in 2023

These companies have laid off Canadian workers in 2023

A wave of layoffs last year, which left thousands of Canadian workers jobless, is continuing this year as recession predictions loom and the tech sector downturn deepens.
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