Skip to content

National Business

TSX sets record, loonie soars to three-year high on strong jobs report

TSX sets record, loonie soars to three-year high on strong jobs report

TORONTO — Strong employment numbers for February propelled the Canadian dollar to a three-year high while the TSX climbed for a sixth-straight day to set another record close. The Canadian dollar traded for 80.
Canada Revenue Agency locks 800,000 accounts, cites possible email 'phishing' schemes

Canada Revenue Agency locks 800,000 accounts, cites possible email 'phishing' schemes

OTTAWA — The Canada Revenue Agency locked roughly 800,000 accounts after a routine check found that the login information was available to "unauthorized individuals," the federal tax agency said Friday.
'Truly a shame': HuffPost Canada staff say site closure hurts underrepresented voices

'Truly a shame': HuffPost Canada staff say site closure hurts underrepresented voices

TORONTO — HuffPost Canada workers say a recent decision to shut down the news site is not just cutting jobs, but also taking away a valued platform for underrepresented voices.
Demand for bikes outpacing supply amid pandemic popularity for Schwinn-maker Dorel

Demand for bikes outpacing supply amid pandemic popularity for Schwinn-maker Dorel

The COVID-19 pandemic is spurring consumers to buy more bikes and Montreal-based Dorel Industries Inc. says it has struggled to keep up with demand.
Whitmer offers plan to supply propane after pipeline closes

Whitmer offers plan to supply propane after pipeline closes

TRAVERSE CITY, Mich. — Gov. Gretchen Whitmer's administration released a plan Friday to make sure Michigan will have enough propane if a controversial pipeline is shut down.
P.E.I. pandemic recovery budget projects $112-million deficit as spending rises

P.E.I. pandemic recovery budget projects $112-million deficit as spending rises

CHARLOTTETOWN — Prince Edward Island's Tory government is projecting a $112-million deficit in a budget it is billing as a step on the "road to recovery" from the COVID-19 pandemic.
Unemployment data shows strong recovery, says B.C. NDP; Liberals say there's no plan

Unemployment data shows strong recovery, says B.C. NDP; Liberals say there's no plan

VICTORIA — Statistics Canada data shows the jobless rate in British Columbia dipped more than one percentage point in February and Jobs Minister Ravi Kahlon says the B.C.
Spend on haircuts, home renos and restaurants to stimulate recovery: economists

Spend on haircuts, home renos and restaurants to stimulate recovery: economists

TORONTO — Canadians who want to help the country's economy rebound should book haircuts, hire tradespeople for home renovations and keep ordering from local restaurants, economists say.
Canadian households added record mortgage debt in Q4: StatCan

Canadian households added record mortgage debt in Q4: StatCan

OTTAWA — Canadian households piled up a record amount of mortgage debt for the second quarter in a row amid low interest rates and high housing prices, Statistics Canada said Friday.
Spiking energy leads wholesale prices up 0.5% in February

Spiking energy leads wholesale prices up 0.5% in February

WASHINGTON — Energy prices continued to rocket higher in February, though overall wholesale prices moderated after a record jump in January. The Labor Department's producer price index, which measures inflation before it reaches consumers.