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BMO completes US$160M deal to purchase Air Miles loyalty rewards program
TORONTO — BMO Financial Group closed its acquisition of the Air Miles loyalty rewards program in Canada on Thursday, saying it plans to expand the program with new ways to earn and redeem points.
Jun 1, 2023 6:00 AM
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Europe sees inflation drop to 6.1%, but real relief for consumers will take months
FRANKFURT, Germany (AP) — Europe's inflation took a positive turn with a significant drop to 6.1%, but prices are still posing a pinch to shoppers who are yet to see real relief in what they pay for food and other necessities.
Jun 1, 2023 5:04 AM
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House OKs debt ceiling bill to avoid default, sends Biden-McCarthy deal to Senate
WASHINGTON (AP) — Veering away from a default crisis, the House approved a debt ceiling and budget cuts package late Wednesday, as President Joe Biden and Speaker Kevin McCarthy assembled a bipartisan coalition of centrist Democrats and Republicans a
May 31, 2023 9:27 PM
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Quebec premier announces Michael Sabia as new CEO of Hydro-Quebec
Quebec's government has officially tapped Michael Sabia as the next head of Hydro-Quebec. In a tweet, Premier François Legault announced Sabia would serve as president and CEO of the Crown corporation, succeeding Sophie Brochu.
May 31, 2023 6:01 PM
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Former Que. finance minister Leitão appointed to Bank of Canada
OTTAWA — Former Quebec finance minister Carlos Leitão has been appointed to the Bank of Canada's board of directors. Leitão was Quebec's finance minister between 2014 and 2018.
May 31, 2023 5:45 PM
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Most actively traded companies on the Toronto Stock Exchange
TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (19,572.24, down 167.46): Suncor Energy Inc. (TSX:SU). Energy. Down 77 cents, or 1.99 per cent, to $38.03 on 23.2 million shares.
May 31, 2023 4:55 PM
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S&P/TSX composite down almost 170 points in broad-based decline
TORONTO — Canada's main stock index was down almost 170 points Wednesdayin 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.
May 31, 2023 4:46 PM
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Meta starts testing paid verification for Canadian Facebook, Instagram creators
TORONTO — Meta Platforms Inc. has begun allowing "up-and-coming creators" in Canada to pay to be verified on Facebook and Instagram. The social media company says in a release that the pay-for-verification program is called Meta Verified.
May 31, 2023 4:05 PM
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Stock market today: Wall Street slumps with markets worldwide
NEW YORK (AP) — Wall Street closed lower as worries rise about the strength of the global economy and inflation. The S&P 500 fell 0.6% Wednesday. The Nasdaq composite fell a similar amount, and the Dow Jones Industrial Average fell 0.4%.
May 31, 2023 4:05 PM
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Equinor postponing Bay du Nord oil project off Newfoundland for up to three years
ST. JOHN'S, N.L. — The premier of Newfoundland and Labrador played it cool Wednesday as Norwegian energy giant Equinor announced it was suspending plans to develop a $16-billion oil project in the province's offshore.
May 31, 2023 3:49 PM
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