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National Business
National Business
Bank of Canada appoints Rhys Mendes as deputy governor
OTTAWA, Ill. — The Bank of Canada has appointed Rhys Mendes as a deputy governor, effective July 17.
May 12, 2023 11:52 AM
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Joint venture including SNC-Lavalin and Aecon sign Bruce Power refurbishment deal
TORONTO — A joint venture including SNC-Lavalin Group Inc. and Aecon Group Inc. has signed a 10-year agreement valued at $1.3 billion to extend the life of four of Bruce Power’s Candu nuclear reactors to 2064.
May 12, 2023 11:48 AM
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California's governor says state's budget deficit has grown to nearly $32 billion
SACRAMENTO, Calif. (AP) — California Gov. Gavin Newsom said Friday the state's budget deficit has grown to nearly $32 billion. That's about $10 billion more than predicted in January, when the governor offered his first budget proposal.
May 12, 2023 10:09 AM
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Cineplex CEO 'most excited I've been in the last four years' as Q1 loss narrows
TORONTO — An onslaught of high-profile films set to hit movie theatres this summer has the chief executive of Canada's largest cinema chain confident that his business is charting a successful rebound from its pandemic woes.
May 12, 2023 9:59 AM
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Biden taps Philip Jefferson to be Fed's vice chair, Adriana Kugler as first Hispanic on Fed board
WASHINGTON (AP) — President Joe Biden has nominated Philip Jefferson, a member of the Federal Reserve's Board of Governors, to serve as vice chair of the board, the White House announced Friday.
May 12, 2023 9:12 AM
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Canopy to refile financial results after finding BioSteel 'material misstatements'
SMITHS FALLS, Ont. — Canopy Growth Corp. says it will refile three of its past quarterly financial statements after uncovering "material misstatements" linked to its BioSteel business. The Smiths Falls, Ont.
May 12, 2023 6:26 AM
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Onex reports US$232M first-quarter loss compared with US$164M profit a year ago
TORONTO — Onex Corp. reported a first-quarter loss as the company worked to wind down its Gluskin Sheff wealth management business and move the adviser teams to RBC Wealth Management Canada.
May 12, 2023 6:15 AM
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Inflation likely slowed again in April, but economists say wage growth a top concern
OTTAWA — Canadians' wages are finally growing faster than prices as inflation continues to ease, but that isn't necessarily good news for economists who worry high wage growth might stand in the way of bringing inflation back down to the two per cent
May 12, 2023 1:00 AM
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The AP Interview: Mitsotakis hopes for better relations with Turkey if reelected as Greek premier
VOLOS, Greece (AP) — Greece’s prime minister says he will extend “a hand of friendship” to the winner of upcoming elections in the country's neighbor and longtime regional rival Turkey — but adds that he hopes the next government will "reconsider its
May 11, 2023 11:48 PM
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'Chaotic' down south, concern up north as U.S. ends COVID border, immigration rules
WASHINGTON — The imminent overnight end of the COVID-19 public health emergency felt more like a crisis than cause for celebration Thursday as Homeland Security agents and officials braced for an onslaught of asylum seekers at the U.S.-Mexico border.
May 11, 2023 5:54 PM
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