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National Business
National Business
Companies bid $264M in Gulf oil sale mandated by climate law
NEW ORLEANS (AP) — Oil companies offered a combined $264 million for drilling rights in federal waters in the Gulf of Mexico on Wednesday in a sale mandated by last year’s climate bill compromise .
Mar 29, 2023 7:59 PM
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Saskatchewan to spend $6 million for some hip and knee surgeries in Calgary
REGINA — The Saskatchewan government is to spend up to $6 million to send patients to Calgary for hip and knee surgeries, a move that has irked the province’s largest health-care union.
Mar 29, 2023 5:15 PM
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Most actively traded companies on the Toronto Stock Exchange
TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (19,837.65, up 180.12): TC Energy Corp. (TSX:TRP). Energy. Up $1.24, or 2.36 per cent, to $53.86 on 15.2 million shares.
Mar 29, 2023 4:56 PM
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S&P/TSX composite rises almost one per cent, U.S. markets also post gains
TORONTO — Canada's main stock index rose almost one per cent Wednesday amid broad-based strength while U.S. markets also posted strong gains. “It’s a rather benign day,” said Craig Fehr, investment strategist at Edward Jones.
Mar 29, 2023 4:44 PM
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GOP lawmakers accuse Fed of being lax before bank failure
WASHINGTON (AP) — Republican lawmakers accused top bank regulators Wednesday of dawdling as Silicon Valley Bank hurtled toward the second-largest bank failure in U.S. history and questioned whether tougher regulations would have made a difference.
Mar 29, 2023 4:07 PM
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Businesses praise credit card fee relief but consumers savings not guaranteed
Small business owners are praising a measure in the federal budget to lower credit card interchange fees, but some industry representatives argued the move will do little to save costs for consumers.
Mar 29, 2023 3:59 PM
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Mortgage moves 'good news' for borrowers, but budget lacks housing support: experts
TORONTO — Real estate observers say a new mortgage code of conduct promised in the federal budget will be handy for Canadians facing financial difficulties, but they still feel the economic plan was lacking needed housing affordability measures.
Mar 29, 2023 3:39 PM
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Budget measures unlikely enough to spur major carbon capture investments: Experts
CALGARY — A question mark continues to hang over the future of carbon capture and storage projects in Canada, in spite of a pledge in Tuesday's federal budget to deliver more investment certainty for major emissions-reducing projects.
Mar 29, 2023 2:50 PM
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Bank of Canada watching for potential spillovers from global banking stresses
MONTREAL — A senior Bank of Canada official says the central bank is keeping a close eye on the stresses to the global banking system ahead of its next interest rate decision and monetary policy report in April.
Mar 29, 2023 1:58 PM
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UBS brings back Ermotti as CEO with Credit Suisse deal ahead
GENEVA (AP) — UBS said Wednesday that it's bringing back former CEO Sergio Ermotti to lead the Swiss bank as it executes a government-orchestrated plan to take over struggling rival Credit Suisse .
Mar 29, 2023 1:18 PM
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