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National Business
S&P/TSX composite ticks lower Friday on energy weakness, U.S. markets mixed
TORONTO — Canada's main stock indexticked lower Friday led by losses in the energy sector, while U.S. markets were mixed. The S&P/TSX composite index was down 15.57 points at 20,262.07. In New York, the Dow Jones industrial average was up 113.
Jul 14, 2023 4:38 PM
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Telus International shares slump on lower guidance
VANCOUVER — Shares of Telus International Inc. were trading down almost 30 per cent at midday on the Toronto Stock Exchange after it slashed its growth guidance for the year. The company, which Telus Corp.
Jul 14, 2023 12:19 PM
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China's Shein hit with lawsuit citing RICO violations, a law originally used against organized crime
China's fast fashion retailer Shein is facing a lawsuit that claims the clothing maker's copyright infringement is so aggressive, it amounts to racketeering.
Jul 14, 2023 12:10 PM
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Hollywood's actors are joining screenwriters on strike. Here's why and what happens next
LOS ANGELES (AP) — Hollywood actors are joining screenwriters in the first dual strike from the two unions in more than six decades, with huge consequences for the film and television industry.
Jul 14, 2023 12:08 PM
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Statistics Canada says manufacturing sales up 1.2% at $72.9 billion in May
OTTAWA — Statistics Canada says manufacturing sales rose 1.2 per cent to $72.9 billion in May after declining 0.1 per cent in April. The overall increase for the month came as sales of chemical products gained 4.8 per cent at $5.
Jul 14, 2023 11:13 AM
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Shares in cannabis company Canopy Growth plunge after debt reduction plan announced
SMITHS FALLS, Ont. — Shares of Canopy Growth Corp. fell more than 30 per cent after it announced it has signed deals with its secured and unsecured lenders to reduce its debt, but will issue 90.4 million shares plus new convertible debt to do so.
Jul 14, 2023 11:01 AM
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As inflation inches closer to 3%, economists warn progress will stall this year
OTTAWA — As inflation inches closer to three per cent, economists are warning the steady monthly declines in annual price growth will stall and even potentially reverse in the second half of the year.
Jul 14, 2023 10:42 AM
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CREA downgrades sales forecast as interest rates weigh on buyers
The Canadian Real Estate Association has downgraded its home sales forecast for this year and next as fewer buyers jump into the market. The association said Friday that it expects 464,239 properties to trade hands this year, a 6.
Jul 14, 2023 10:16 AM
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Shorter fixed-rate mortgages take spotlight as borrowers feel pinch of higher rates
TORONTO — Rapidly rising interest rates have transformed mortgage preferences as borrowers increasingly opt for shorter-term fixed-rate contracts.
Jul 14, 2023 4:00 AM
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Black Restaurant Week aims to showcase diverse cuisines, uplift Black business owners
TORONTO — It's the authentic Jamaican jerk chicken, curry goat and oxtail dishes that restaurant owner Stacy Porter hopes will get you in the door of her Scarborough eatery.
Jul 14, 2023 4:00 AM
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