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National Business
National Business
Outdoor gear retailer MEC names Peter Hlynsky as its new CEO
Growing up on the North Shore near Vancouver, Peter Hlynsky recalls riding his 1990s mountain bike with deep sea fishing lights strapped to his handlebars in the dead of night, while wearing hockey padding.
Oct 27, 2023 3:09 PM
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Consumers overestimating how low, and how fast, interest rates will fall: economists
TORONTO — With interest rates likely at or near their peak in Canada, experts say consumers shouldn’t expect rates to return to pre-pandemic levels.
Oct 27, 2023 1:02 PM
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Stornoway Diamonds to lay off 425 workers as operations halt at Quebec mine
MONTREAL — Stornoway Diamonds Inc. says it is suspending operations at its Renard mine in northern Quebec.
Oct 27, 2023 12:51 PM
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Daughter Ivanka Trump must testify at Donald Trump's civil fraud trial, New York judge rules
NEW YORK (AP) — Ivanka Trump must take the witness stand in the civil fraud case against her father, her brothers and their family business, a judge ruled Friday.
Oct 27, 2023 11:31 AM
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Federal government posts $4.3 billion deficit between April and August this year
OTTAWA — The federal government posted a budgetary deficit of $4.3 billion from April to August. In its monthly fiscal monitor, the Finance Department says this compares to a surplus of $3.9 billion during the same period of the 2022-23 fiscal year.
Oct 27, 2023 11:13 AM
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Sleep Country to give Silk & Snow acquisition first brick-and-mortar presence
TORONTO — Sleep Country Canada Holdings Inc. will give one of its newest acquisitions its first ever brick-and-mortar store next month.
Oct 27, 2023 10:55 AM
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Corus Entertainment encouraged by CRTC's signal of potential CanCon spending relief
TORONTO — A potential move by Canada's telecommunications regulator to ease some Canadian content spending requirements for Corus Entertainment Inc.
Oct 27, 2023 10:52 AM
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US consumers keep spending briskly even in the face of persistent inflation and high interest rates
WASHINGTON (AP) — An inflation gauge that is closely monitored by the Federal Reserve showed price increases remained elevated in September amid brisk consumer spending and strong economic growth .
Oct 27, 2023 10:23 AM
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Gas and power utility Fortis reports $394M Q3 profit, up from $326M a year earlier
ST. JOHN'S, N.L. — Fortis Inc. reported a third-quarter profit of $394 million, up from $326 million a year earlier. The gas and power utility says the profit amounted to 81 cents per diluted share for the quarter ended Sept.
Oct 27, 2023 8:04 AM
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Canadian ranchers brace for long, lean winter after droughts, soaring feed costs
CALGARY — It could be a long, lean winter in cattle country as drought-ravaged western Canadian ranchers struggle to secure feed to get their livestock through the cold months.
Oct 27, 2023 4:00 AM
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