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National Business
National Business
CIBC sees Q1 trading revenue jump while earnings hit by lawsuit settlement
TORONTO — Market volatility helped lead to a surge in trading activity for CIBC that boosted first quarter revenue, while a lawsuit settlement pushed earnings down.
Feb 24, 2023 9:38 AM
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Inquiry issues damning report into Dutch gas drilling
THE HAGUE, Netherlands (AP) — A Dutch parliamentary inquiry released a damning report Friday into the government's handling of lucrative natural gas extraction that caused a string of earthquakes in the northern province of Groningen, saying that aut
Feb 24, 2023 8:54 AM
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Ukraine war shook up markets, but much stays the same for Canadian oil and gas
CALGARY — When Russian tanks and troops rolled into Ukraine one year ago, it was no shock that crude prices spiked above US$100 per barrel for the first time since 2014.
Feb 24, 2023 8:39 AM
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Hootsuite to ditch free plan, begin charging users for social media tool
VANCOUVER — Hootsuite says it will eliminate the free tier of its social media management tool next month.
Feb 24, 2023 8:31 AM
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Ottawa posts $5.5-billion deficit for April to December
OTTAWA — The federal government posted a $5.5-billion deficit during the first nine months of its 2022-23 fiscal year. In its monthly fiscal monitor, the Finance Department says the result compared with a deficit of $70.
Feb 24, 2023 8:09 AM
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TD Bank receives all required regulatory approvals for Cowen deal
TORONTO — TD Bank Group says it has received all of the regulatory approvals required under its deal to buy U.S. investment bank Cowen Inc. The bank expects to close the acquisition on March 1, subject to other customary closing conditions.
Feb 24, 2023 8:02 AM
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US announces sweeping new Russia sanctions 1 year into war
WASHINGTON (AP) — The U.S. announced a new round of sanctions on Russian firms, banks, manufacturers and people Friday, aiming them at entities that helped Russia evade sanctions earlier in the year-old war against Ukraine .
Feb 24, 2023 7:56 AM
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Key US inflation measure surges at fastest rate since June
WASHINGTON (AP) — The Federal Reserve's preferred inflation gauge rose last month at its fastest pace since June, an alarming sign that price pressures remain entrenched in the U.S.
Feb 24, 2023 6:21 AM
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'People's court' endorses Putin indictment for aggression
THE HAGUE, Netherlands (AP) — A “people’s court” without legal powers has confirmed an indictment against Russian President Vladimir Putin for the crime of aggression in Ukraine and called for his arrest.
Feb 24, 2023 3:47 AM
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Canada's inflation rate is expected to fall significantly this year. Here's why
OTTAWA — After a steep and rapid climb in prices, Canada's inflation rate is expected to fall significantly this year, giving comfort to economists worried about untamed price growth but little relief to Canadians who have fallen behind.
Feb 24, 2023 1:00 AM
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