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Energy stocks help S&P/TSX composite eke out gain, U.S. markets rise

Energy stocks help S&P/TSX composite eke out gain, U.S. markets rise

TORONTO — Canada's main stock index eked out a gain Tuesday as strength in energy and base metals helped offset softness across the rest of the market, while U.S. markets also rose. The S&P/TSX composite index closed up 4.11 points at 20,036.77.
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Liz Rodbell to take over as president and CEO of Hudson's Bay

Liz Rodbell to take over as president and CEO of Hudson's Bay

TORONTO — Hudson's Bay says Liz Rodbell will take over as president and CEO of the company, returning to the helm after serving as president from 2013 to 2017. The Canadian retail arm of Hudson's Bay Co.
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First Quantum suspends commercial operations at Cobre Panama mine after Panama court declares contract unconstitutional

First Quantum suspends commercial operations at Cobre Panama mine after Panama court declares contract unconstitutional

PANAMA CITY (AP) — First Quantum Minerals Ltd. is suspending operations at its Cobre Panama mine as intense environmental protests block crucial accesses to the site.
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Porter, Air Transat launch joint venture to gird against domestic competition

Porter, Air Transat launch joint venture to gird against domestic competition

MONTREAL — Porter Airlines and Air Transat have announced a joint venture, as the two carriers look to expand their range of destinations, tap each other's markets and gear up for a battle with Canada's biggest carrier.
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Stock market today: Wall Street drifts to a mostly higher close and Treasury yields fall

Stock market today: Wall Street drifts to a mostly higher close and Treasury yields fall

NEW YORK — Stocks drifted to a mostly higher close following a strong report on consumer confidence and growing hopes that the Federal Reserve is finished with its aggressive interest rate hikes. The S&P 500 rose 0.1% Tuesday.
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Saudi Arabia’s capital Riyadh chosen to host the 2030 World Expo

Saudi Arabia’s capital Riyadh chosen to host the 2030 World Expo

ISSY-LES-MOULINEAUX, France (AP) — Saudi Arabia’s capital Riyadh was chosen Tuesday to host the 2030 World Expo following its bid that focused on shaping a prosperous and sustainable future, beating out Rome and the South Korean port city of Busan fo
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Fed's Waller raises possibility of a rate cut by spring if inflation keeps slowing

Fed's Waller raises possibility of a rate cut by spring if inflation keeps slowing

WASHINGTON (AP) — A key Federal Reserve official raised the possibility Tuesday that the Fed could decide to cut its benchmark interest rate as early as spring if inflation keeps declining steadily .
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Online streamers should direct 2% of Canadian revenues to local content: Rogers

Online streamers should direct 2% of Canadian revenues to local content: Rogers

Online streaming giants should be forced to contribute two per cent of their annual Canadian revenue to support Canadian and Indigenous content and help level the playing field for local broadcasters, executives from Rogers Communications Inc.
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Scotiabank profits weighed down by bad loan provisions, layoff charges

Scotiabank profits weighed down by bad loan provisions, layoff charges

TORONTO — Scotiabank's profits took a sizable hit last quarter as it felt the early effects of the slowing economy, and prepared for worse to come.
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Government impersonation, phishing are top financial scams, Interac survey finds

Government impersonation, phishing are top financial scams, Interac survey finds

TORONTO — Government impersonation is one of the most common financial scams plaguing people across Canada, a new survey from payment processing company Interac Corp. has found.
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