Skip to content

National Business

Variable mortgage rates regaining traction as Bank of Canada cuts rates

Variable mortgage rates regaining traction as Bank of Canada cuts rates

OTTAWA — The decision by the Bank of Canada to cut its key interest rate target this week was good news for borrowers with variable-rate mortgages, bringing back some of the shine for the once popular loans.
Read more >
Applications for US jobless benefits fall to 2-month low as layoffs remain at healthy levels

Applications for US jobless benefits fall to 2-month low as layoffs remain at healthy levels

The number of Americans filing for unemployment benefits fell to its lowest level in two months last week, signaling that layoffs remain relatively low despite other signs of labor market cooling.
Read more >
Applications for US jobless benefits fall modestly last week as layoffs remain relatively low

Applications for US jobless benefits fall modestly last week as layoffs remain relatively low

The number of Americans filing for unemployment benefits fell last week as layoffs remain relatively low despite other signs of labor market cooling. Jobless claims fell by 5,000 to 227,000 for the week of Aug.
Read more >
CIBC making changes to senior executive ranks at the bank

CIBC making changes to senior executive ranks at the bank

TORONTO — CIBC is making changes to its senior executive ranks in a move chief executive Victor Dodig says will broaden the opportunities for a number of the bank's leaders.
Read more >
Verizonn buying Frontier in $20B deal that helps bolster its fiber network

Verizonn buying Frontier in $20B deal that helps bolster its fiber network

Verizon is buying Frontier Communications in a $20 billion deal to strengthnen its fiber network. Verizon Communications Inc. said Thursday that the transaction will also help it in the areas of artificial intelligence and the Internet of Things.
Read more >
Booze can now be sold in Ontario corner stores. Here's what you need to know

Booze can now be sold in Ontario corner stores. Here's what you need to know

Corner stores across Ontario are now legally allowed to sell certain types of alcohol.
Read more >
Calgary Green Line LRT in political crossfire, as Alberta minister blames NDP leader

Calgary Green Line LRT in political crossfire, as Alberta minister blames NDP leader

CALGARY — Alberta's government says it's pulling $1.53 billion in funding from a massive Calgary Green Line light rail transit project already deep in sunk costs.
Read more >
Canfor shutting two northern B.C. sawmills affecting 500 staff, blames U.S. tariffs

Canfor shutting two northern B.C. sawmills affecting 500 staff, blames U.S. tariffs

VANCOUVER — Canfor Corp. has announced it is shutting two northern British Columbia sawmills in a move it says will affect about 500 workers, partly blaming "punitive" U.S. tariffs imposed last month.
Read more >
HandyDART co-founder backs union in Metro Vancouver transit strike

HandyDART co-founder backs union in Metro Vancouver transit strike

VANCOUVER — A co-founder of the specialized HandyDART transit system that provides accessible door-to-door service says he supports staff "100 per cent" as their strike in Metro Vancouver continues.
Read more >
Stock market today: Wall Street extends losses as technology and energy stocks fall

Stock market today: Wall Street extends losses as technology and energy stocks fall

U.S. stock indexes lost more ground Wednesday, with declines in the technology, energy and other sectors adding to Wall Street's losses a day after the market’s worst skid in a month. The S&P 500 fell 0.2% following Tuesday's 2.1% drop.
Read more >