Skip to content

National Business

Fed raises key rate by quarter-point despite bank turmoil

Fed raises key rate by quarter-point despite bank turmoil

WASHINGTON (AP) — The Federal Reserve extended its year-long fight against high inflation Wednesday by raising its key interest rate by a quarter-point despite concerns that higher borrowing rates could worsen the turmoil that has gripped the banking
Read more >
Lynx Air announces summer service between Toronto and Kelowna, Hamilton and Vancouver

Lynx Air announces summer service between Toronto and Kelowna, Hamilton and Vancouver

CALGARY — Budget airline Lynx Air announced it's launching two new routes for the summer, one from Hamilton to Vancouver and one from Toronto to Kelowna, B.C.
Read more >
Field Trip Health & Wellness enters creditor protection, lays off staff

Field Trip Health & Wellness enters creditor protection, lays off staff

TORONTO — Field Trip Health & Wellness Ltd. says it has entered creditor protection and is exploring a sale of its business.
Read more >

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 (19,532.78, down 122.14): Crescent Point Energy Corp. (TSX:CPG). Energy. Up 28 cents, or 3.18 per cent, to $9.08 on 11.
Read more >
Manitoba to raise minimum wage to $15.30 in October under inflation-tied formula

Manitoba to raise minimum wage to $15.30 in October under inflation-tied formula

WINNIPEG — Manitoba's minimum wage is to rise to $15.30 an hour on Oct. 1 to help low-income earners deal with the rising cost of living, the provincial government announced Wednesday.
Read more >
Paying down debt, money for health care: Highlights from the Saskatchewan budget

Paying down debt, money for health care: Highlights from the Saskatchewan budget

REGINA — Saskatchewan Finance Minister Donna Harpauer tabled the province's 2023-24 budget on Wednesday. Here are some of the highlights: -- Forecast surplus of nearly $1 billion, with almost all going to pay down debt.
Read more >
S&P/TSX composite, U.S. markets down Wednesday after Federal Reserve hike

S&P/TSX composite, U.S. markets down Wednesday after Federal Reserve hike

TORONTO — Markets in Canada and the U.S. sank in the last hour of trading Wednesday, with U.S. markets down around 1.6 per cent after the Federal Reserve hiked interest rates.
Read more >
BoC was still concerned about potentially sticky inflation as it held interest rate

BoC was still concerned about potentially sticky inflation as it held interest rate

OTTAWA — The Bank of Canada didn't discuss raising interest rates earlier this month in its deliberations, but members were still concerned inflation might be harder to bring down than expected.
Read more >
GM to stop making the Camaro but a successor may be in works

GM to stop making the Camaro but a successor may be in works

DETROIT (AP) — The Chevrolet Camaro, for decades the dream car of many teenage American males, is going out of production. General Motors, which sells the brawny muscle car, said Wednesday it will stop making the current generation early next year.
Read more >
St. Lawrence Seaway shippers eye EV materials, but grain and ore remain the staples

St. Lawrence Seaway shippers eye EV materials, but grain and ore remain the staples

SAINT-LAMBERT, Que. — Shippers who ply the St. Lawrence Seaway view critical minerals for electric vehicle batteries as key to their future — but it could be a while before the floodgates open on Canada's largely untapped reserves.
Read more >