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National Business
National Business
North American stock markets bounce back from three-day tech-led correction
TORONTO — North American stock markets enjoyed a broadly based bounce-back midweek after a three-day correction driven by the technology sector. All 11 sectors of the TSX were higher led by materials, consumer staples and technology.
Sep 9, 2020 1:54 PM
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Stocks bounce back on Wall Street as tech bloodletting halts
NEW YORK — Wall Street snapped back to life on Wednesday, recovering from its worst stretch of losses in months, as the bloodletting for big technology stocks came to at least a temporary halt.
Sep 9, 2020 1:26 PM
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TD faces class-action lawsuit over travel insurance and cancelled trips amid pandemic
Toronto-Dominion Bank is facing a class-action lawsuit over its refusal to pay travel insurance claims following trip cancellations triggered by the COVID-19 pandemic.
Sep 9, 2020 10:46 AM
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Bank CEOs juggling careful spending with new consumer habits during COVID-19
TORONTO — The CEOs of Canada's big banks say the COVID-19 pandemic has pushed their companies to balance quickly adapting to new consumer habits with a careful approach to combating economic pressures.
Sep 9, 2020 10:14 AM
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Marriott to lay off 17% of corporate staff next month
Marriott International Inc. plans to lay off 17% of its corporate workforce next month as the coronavirus continues to take a heavy toll on the hotel industry.
Sep 9, 2020 9:02 AM
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Child care key to women's recovery from economic impacts of COVID-19: report
TORONTO — Flexible work arrangements, affordable child-care offerings and training for new jobs are all key to helping women recover from a "she-cession," says the Ontario Chamber of Commerce.
Sep 9, 2020 8:45 AM
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CPP Investments creates new senior management position to reflect anticipated growth
TORONTO — The investment manager for Canada's national retirement fund has named Edwin Cass as its first-ever chief investment officer, a position that's being created to reflect the growing size of its fund.
Sep 9, 2020 7:44 AM
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Bank of Canada warns of uneven recovery despite better than expected bounce-back
OTTAWA — The Bank of Canada sought Wednesday to temper economic excitement about a sharper-than-expected rebound from the depths of the COVID-19 crisis, pointing to worrying trends that signal all is still not well.
Sep 9, 2020 7:34 AM
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U.S. job posting rise to 6.6 million in July
WASHINGTON — U.S. employers advertised more jobs but hired fewer workers in July, sending mixed signals about the job market in the wake of the coronavirus outbreak. The Labor Department said Wednesday that the number of U.S.
Sep 9, 2020 7:17 AM
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CMHC reports annual pace of housing starts in Canada picked up in August
Builders broke ground on more new homes in August amid a surge in construction on apartments, condos and other types of multiple-unit housing projects in urban centres.
Sep 9, 2020 6:13 AM
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