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National Business
National Business
Stock market today: Wall Street hits record high following a 2-year round trip scarred by inflation
NEW YORK (AP) — Wall Street returned to record heights Friday to cap a punishing, two-year round trip dogged by high inflation and worries about a recession that seemed inevitable but hasn’t arrived.
Jan 19, 2024 1:15 PM
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Japan becomes the fifth country to land a spacecraft on the moon
TOKYO (AP) — Japan became the fifth country in history to reach the moon when one of its spacecrafts without astronauts successfully made a soft landing on the lunar surface early Saturday.
Jan 19, 2024 12:04 PM
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Banking regulator increasing focus on money laundering as risks rise: Routledge
TORONTO — The head of Canada's banking regulator says he's ramping up scrutiny of money laundering in the financial sector as risks increase.
Jan 19, 2024 11:17 AM
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Bombardier wins court case against supplier Honeywell on engine costs
MONTREAL — Engine supplier Honeywell International Inc. must negotiate with Bombardier Inc. on the cost of the jet engines it rolls out for the Montreal-based plane maker, a Quebec Superior Court judge has ruled.
Jan 19, 2024 11:03 AM
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Fifty Ontario workers included in global layoff at home goods company Wayfair
TORONTO — Wayfair says about 50 Canadians are part of a layoff impacting 1,650 employees at the home goods company. Spokesperson Susan Frechette says the 50 Canadians are all in Ontario.
Jan 19, 2024 7:48 AM
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At Davos, leaders talked big on rebuilding trust. Can the World Economic Forum make a difference?
DAVOS, Switzerland (AP) — Business and political elites descended on the Swiss Alpine snows of Davos to suss out “rebuilding trust” in a splintering world.
Jan 19, 2024 7:09 AM
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Retail sales down 0.2% in November in 'Black Friday bust'
Canada's holiday sales period got underway in November with a 0.2 per cent decline in retail sales led by falling purchases at food and beverage retailers.
Jan 19, 2024 7:05 AM
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Blackstone to take Tricon Residential private in US$3.5 billion deal
TORONTO — Blackstone Real Estate says it will purchase all outstanding shares in Tricon Residential Inc. and take the Toronto-based rental development company private. New York-based Blackstone says it will pay about US$11.
Jan 19, 2024 6:49 AM
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Allow CSIS to share intelligence on security threats, business council asks Ottawa
OTTAWA — A group representing key Canadian businesses wants legislative changes that would allow Canada's spy agency to share threat intelligence with companies to help them take timely protective measures.
Jan 19, 2024 1:00 AM
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Best Buy and Bell partner up to rebrand, revamp The Source stores across Canada
MONTREAL — Best Buy Canada and Bell Canada have announced a partnership to rebrand and revamp 165 The Source stores.
Jan 18, 2024 3:03 PM
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