Skip to content

National Business

US wages and benefits jump as economy reopens

US wages and benefits jump as economy reopens

WASHINGTON — Wages and benefits grew quickly for U.S. workers in the first three months of the year, a sign that businesses are starting to offer higher pay to fill newly-opened jobs. U.S. workers’ total compensation rose 0.
Read more >
Bell buys Formula One Canadian Grand Prix promoter Octane Racing Group Inc.

Bell buys Formula One Canadian Grand Prix promoter Octane Racing Group Inc.

MONTREAL — Bell has signed a deal to buy the promoter of the Formula 1 Canadian Grand Prix in a move it says will bring financial stability to the race. Financial terms of the agreement for Montreal's Octane Racing Group Inc.
Read more >
Rising loonie hits 'sweet spot,' likely to climb further: economists

Rising loonie hits 'sweet spot,' likely to climb further: economists

Economists say the Canadian dollar is at a 'sweet-spot' after rising for seven straight days to top 81 cents US, a point where it benefits consumers but doesn't hurt businesses too much. The loonie traded for 81.
Read more >
Ontario paid sick leave plan 'inadequate, unfair,' small business group says

Ontario paid sick leave plan 'inadequate, unfair,' small business group says

TORONTO — A group of small business owners and advocates says Ontario's recently announced paid sick leave plan is "inadequate and unfair" for small businesses.
Read more >
Fairfax swings to US$806M Q1 profit on surge in revenues; donates US$5M to India

Fairfax swings to US$806M Q1 profit on surge in revenues; donates US$5M to India

TORONTO — Fairfax Financial Holdings Ltd. says it swung to an US$806-million profit attributable to shareholders in the first quarter on an increase in premiums as it donates millions of dollars to help India deal with increase in COVID-19 cases.
Read more >
Most actively traded companies on the Toronto Stock Exchange

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (19,255.92, down 101.03 points.) Royal Bank of Canada. (TSX:RY). Financials. Up 37 cents, or 0.31 per cent, to $118.11 on 9.
Read more >
Baytex Energy raises spending budget, production guidance, as oil prices strengthen

Baytex Energy raises spending budget, production guidance, as oil prices strengthen

CALGARY — Baytex Energy Corp. is increasing its 2021 capital budget and production guidance as it reports a smaller first-quarter net loss due to strengthening crude oil prices.
Read more >
S&P/TSX composite falls on drop in materials sector, loonie tops 81 cents US

S&P/TSX composite falls on drop in materials sector, loonie tops 81 cents US

TORONTO — A supportive environment bolstered U.S. stock markets and Canada's main stock index dipped on lower metals prices, while the loonie increased for a seventh-straight day to top 81 cents US. "Strong U.S.
Read more >
US recovery from pandemic recession is showing momentum

US recovery from pandemic recession is showing momentum

WASHINGTON — Powered by consumers and fueled by government aid, the U.S.
Read more >
Jobless claims drop 13,000 to 553,000 as economy heals

Jobless claims drop 13,000 to 553,000 as economy heals

WASHINGTON — The number of Americans applying for unemployment benefits dropped by 13,000 last week to 553,000, the lowest level since the pandemic hit last March and another sign the economy is recovering from the coronavirus recession.
Read more >