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National Business
National Business
Commodities lift S&P/TSX composite to start the month after a strong April
TORONTO — Strength in commodities helped push Canada's main stock index up by triple digits to start May after a record-setting month. Monday's strong start was driven by weakness in the U.S. dollar, which benefits the materials and energy sectors.
May 3, 2021 2:09 PM
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GTA West highway project designated for federal environment review
TORONTO — The federal environment minister says he is designating a controversial highway project in the western Greater Toronto Area for assessment.
May 3, 2021 2:08 PM
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Canadian consumers lose trust in big brands during pandemic: study
VICTORIA — Consumer trust for big brands dropped during the pandemic amid concerns about how ethically companies behaved, a 2021 study has found.
May 3, 2021 1:54 PM
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13 crew members from cargo ship anchored off N.L. are positive for COVID-19
ST. JOHN'S, N.L. — A massive bulk cargo ship has been anchored off the coast of Newfoundland and Labrador since last week, and provincial health officials say 13 people aboard have now tested positive for COVID-19.
May 3, 2021 1:26 PM
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Calgary home sales up 462 per cent, reach hit record high in April: CREB
Calgary set a new record for April home sales as the market continued to rebound from lows triggered by the COVID-19 pandemic, the city's real estate board said Monday.
May 3, 2021 12:53 PM
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Drake, Ryan Reynolds among latest Wealthsimple backers in $750 million funding round
TORONTO — A new financing deal involving plenty of star power and venture capital investors has pushed Wealthsimple's valuation to $5 billion and has its CEO anxious to build the brand even further.
May 3, 2021 11:48 AM
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Port of Montreal volumes fall for first time in seven years due to pandemic, strikes
MONTREAL — The COVID-19 pandemic, a dockworkers strike and a rail blockage hit the Port of Montreal, which saw its cargo volumes fall in 2020 for the first time in seven years. The port says its volumes fell 14 per cent to 35.
May 3, 2021 10:42 AM
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Bombardier expecting Q1 revenues to increase 18%; faces accusation from debt holder
MONTREAL — Bombardier is expecting to generate higher revenues in the first quarter while the aircraft manufacturer faces an allegation that it breached debt covenants by selling its railway and commercial aircraft businesses.
May 3, 2021 10:02 AM
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Growth in US manufacturing slowed in April from March high
WASHINGTON — Growth in U.S. manufacturing slowed slightly in April partly due to a snarled global supply chain after hitting a 37-year high in March.
May 3, 2021 9:07 AM
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Scotiabank signs deal to increase stake in Chilean operations to 83 per cent
TORONTO — The Bank of Nova Scotia says it has signed a deal to buy an additional 7.0 per cent stake in Scotiabank Chile from the Said family. The deal will increase Scotiabank's interest in its Chilean operations to 83 per cent.
May 3, 2021 8:45 AM
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