Skip to content

National Business

Head of RBC says underlying economy still strong despite heightened volatility risk

Head of RBC says underlying economy still strong despite heightened volatility risk

TORONTO — The head of RBC says market volatility caused by geopolitical risks shouldn't be enough to throw off rate increases and the underlying strength of the economy.
US slightly revises up its GDP estimate for Q4 to 7%

US slightly revises up its GDP estimate for Q4 to 7%

WASHINGTON (AP) — The U.S. economy ended 2021 by expanding at a brisk 7% annual pace from October through December, the government reported Thursday in a slight upgrade from its earlier estimate as businesses stepped up their restocking of supplies.
Maple Leaf Foods reports Q4 profit down as labour and production costs rise

Maple Leaf Foods reports Q4 profit down as labour and production costs rise

MISSISSAUGA, Ont. — Maple Leaf Foods Inc. reported its fourth-quarter profit fell compared with a year ago as it faced rising labour and production costs. The company says it earned $1.9 million or two cents per share for the quarter ended Dec.
NATO vows to defend its entire territory after Russia attack

NATO vows to defend its entire territory after Russia attack

BRUSSELS (AP) — NATO Secretary-General Jens Stoltenberg warned Thursday that the military alliance would defend every inch of its territory should Russia attack a member country, as he slammed Moscow for launching a brutal act of war on Ukraine.
Slain cinematographer's husband angry Baldwin deflects blame

Slain cinematographer's husband angry Baldwin deflects blame

LOS ANGELES (AP) — The husband of a cinematographer shot and killed on the set of the film “Rust” says it's “absurd” that Alec Baldwin believes he's not to blame for the shooting and he was “so angry” when Baldwin didn't accept responsibility.
Transat A.T. appoints European as new head of Air Transat operations

Transat A.T. appoints European as new head of Air Transat operations

MONTREAL — Transat A.T. Inc. has appointed Marc-Philippe Lumpé to head its airline operations, replacing Jean-François Lemay, who has led Air Transat since 2013. Lumpé will start June 1, subject to receiving a work permit in Canada.
Desjardins surplus earnings before dividends plunge 55% in Q4 to $393 million

Desjardins surplus earnings before dividends plunge 55% in Q4 to $393 million

LÉVIS, Que. — Desjardins Group says its surplus earnings before member dividends plunged 55 per cent to $393 million in the fourth quarter.
Stelco closes book on record year with $513M Q4 profit as steel prices boost revenues

Stelco closes book on record year with $513M Q4 profit as steel prices boost revenues

HAMILTON — Stelco Holdings Inc. capped its most successful year by swinging to a $513-million profit in the fourth quarter on a near tripling of revenues due to soaring prices. The Hamilton, Ont.-based steelmaker says it earned $6.
Most actively traded companies on the Toronto Stock Exchange

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 (20,744.17, down 163.65 points.) Manulife Financial Corp. (TSX:MFC). Financials. Down 28 cents, or 1.1 per cent, to $26.00 on 24.
Fendi, Cavalli open a more relaxed Milan Fashion Week

Fendi, Cavalli open a more relaxed Milan Fashion Week

MILAN (AP) — As Europe braced for winds from a possible war in Ukraine, the Italian fashion world carried on with a Milan Fashion Week that brought the return of Russian buyers after two years and the easing of pandemic travel restrictions.