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National Business
National Business
The year in markets: stocks and bonds both tumbled in 'perfect storm'
OTTAWA — Investors had few places to hide this year. As of closing Wednesday, Canada's main stock index has dropped 12 per cent from the all-time high it hit in the spring.
Dec 22, 2022 9:15 AM
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US economy grew 3.2% in Q3, an upgrade from earlier estimate
WASHINGTON (AP) — Shrugging off rampant inflation and rising interest rates, the U.S. economy grew at an unexpectedly strong 3.
Dec 22, 2022 9:10 AM
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Superior Plus buying Certarus in deal worth $1.05 billion including debt
TORONTO — Superior Plus Corp. has signed a deal to buy Certarus Ltd., a privately owned distributor of compressed natural gas, renewable natural gas and hydrogen, in a deal valued at $1.05 billion including debt.
Dec 22, 2022 8:51 AM
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Alimentation Couche-Tard buying U.S. company True Blue Car Wash
LAVAL, Que. — Alimentation Couche-Tard Inc. has signed a deal to buy all of the membership interests of U.S. company True Blue Car Wash LLC.
Dec 22, 2022 8:28 AM
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Associates of FTX founder plead guilty to criminal charges
NEW YORK (AP) — Two top associates of Sam Bankman-Fried have pleaded guilty to criminal charges in the collapse of the cryptocurrency exchange FTX in cooperation deals, a federal prosecutor announced Wednesday in a stunning development that came as t
Dec 21, 2022 10:35 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 (19,571.1, up 264.21): Suncor Energy Inc. (TSX:SU). Energy. Up $1.04, or 2.52 per cent, to $42.29 on 9.8 million shares.
Dec 21, 2022 5:01 PM
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S&P/TSX composite up 1.4 per cent, U.S. markets also rise
TORONTO — Canada's main stock index gained almost 1.4 per cent Wednesday on broad-based gains, while U.S. markets rose further. The S&P/TSX composite index was up 264.21 points at 19,571.1.
Dec 21, 2022 4:56 PM
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Nova Scotia Power bond rating downgraded by credit rating agency DBRS Morningstar
HALIFAX — A prominent credit rating agency has downgraded the bonds of Nova Scotia's electrical utility amid the company's conflicts with the provincial government.
Dec 21, 2022 4:37 PM
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Wall Street gains ground, turning higher for the week
NEW YORK — Stocks rose on Wall Street, lifting major indexes into the green for the week as investors welcomed a report showing consumer confidence is holding up better than expected.
Dec 21, 2022 4:15 PM
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Inflation rate falls slightly in November even as grocery, shelter costs rise rapidly
OTTAWA — The country's annual inflation rate edged down slightly in November, but that's little relief for Canadians as grocery and shelter costs remain stubbornly high.
Dec 21, 2022 2:32 PM
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