Skip to content

National Business

Anticipate unavoidable flight disruptions as labour shortages persist, say experts

Anticipate unavoidable flight disruptions as labour shortages persist, say experts

OTTAWA — The airline industry is warning that flight disruptions will be unavoidable this upcoming holiday travel season as an ongoing labour shortage drags on.
S&P/TSX composite rises for fifth day, U.S. markets mixed

S&P/TSX composite rises for fifth day, U.S. markets mixed

TORONTO — Canada's main stock index closed up for a fifth day in a row, buoyed by strength in information technology and battery metals, while U.S. stocks were mixed on tech earnings and new economic data.
US stock indexes end mixed as Facebook parent company slumps

US stock indexes end mixed as Facebook parent company slumps

NEW YORK — Stocks ended mixed on Wall Street as weakness in several tech companies offset gains in other parts of the market.
US mortgage rates top 7% for the first time in 2 decades

US mortgage rates top 7% for the first time in 2 decades

WASHINGTON (AP) — The average long-term U.S. mortgage rate topped 7% for the first time in more than two decades this week, a result of the Federal Reserve's aggressive rate hikes intended to tame the nation's stubbornly high inflation.
Precision Drilling returns to profitability as oil and gas sector picks up pace

Precision Drilling returns to profitability as oil and gas sector picks up pace

CALGARY — Increased activity in the North American oil and gas sector helped Calgary-based Precision Drilling Corp.
US economy returned to growth last quarter, expanding 2.6%

US economy returned to growth last quarter, expanding 2.6%

WASHINGTON (AP) — The U.S. economy grew at a 2.
Ontario government's large contingency funds not transparent: FAO

Ontario government's large contingency funds not transparent: FAO

TORONTO — Ontario's Progressive Conservative government is not being transparent about how it plans to spend money over the next several years, the province's financial watchdog said Thursday.
Teck Resources cuts guidance for steelmaking coal; outage continues at Elkview mine

Teck Resources cuts guidance for steelmaking coal; outage continues at Elkview mine

One day after announcing it will exit the oilsands business by selling its stake in the Fort Hills oilsands project, Teck Resources Ltd. said it continues to face inflationary pressures and production challenges at other sites around the globe.
Europe sees fastest pace of rate hikes since euro launched

Europe sees fastest pace of rate hikes since euro launched

FRANKFURT, Germany (AP) — The European Central Bank piled on another outsized interest rate hike aimed at squelching out-of-control inflation, increasing rates at the fastest pace in the euro currency’s history and underscoring the bank's determinati
Sustainable investing loses some shine but proponents say still good long-term bet

Sustainable investing loses some shine but proponents say still good long-term bet

TORONTO — Some of the shine has come off sustainable investing this year amid questions abouteffectiveness and as oil and gas prices and stocks spiked while the wider market floundered, but those in the sector say it still makes sense for the long te