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National Business
National Business
Ontario projecting $4.5B deficit this year in third-quarter finances
TORONTO — Ontario is projecting that it will end this fiscal year with a $4.5-billion deficit, while also so far hanging onto a large contingency fund.
Feb 12, 2024 1:28 PM
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Higher price tag, repair costs could drive up insurance premiums for EVs, report says
TORONTO — Drivers may see higher premiums for their electric vehicles as the insurance industry adjusts to the shift from gas-powered cars to electric alternatives, a new report suggests.
Feb 12, 2024 1:28 PM
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Contract rules disregarded in costly development of ArriveCan app: auditor general
OTTAWA — A failure of management, "glaring disregard" for policies, controls and transparency and dismal efforts to track spending drastically drove up the cost of the much-maligned ArriveCan app, the federal spending watchdog says.
Feb 12, 2024 1:13 PM
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WestJet could face costly delivery delays due to panel blowout on Boeing plane
WestJet faces indefinite delays on dozens of new aircraft deliveries after a panel blowout on a Boeing 737 Max plane last month prompted a halt to greater production at the U.S. aircraft maker.
Feb 12, 2024 12:39 PM
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Bell denied stay of CRTC decision allowing access to its fibre network
The Federal Court of Appeal has rejected BCE Inc.'s request for a stay of a regulatory decision that will allow independent companies to sell internet services to their customers through Bell's fibre network in Ontario and Quebec.
Feb 12, 2024 11:23 AM
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CPA Canada cuts 20% of workforce ahead of split with Ontario and Quebec
TORONTO — Chartered Professional Accountants of Canada is cutting 20 per cent of its workforce ahead of a move by provincial oversight bodies in Ontario and Quebec to split from the national organization.
Feb 12, 2024 9:11 AM
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Fired utility executives indicted in $60 million Ohio bribery scheme, fail to surrender
COLUMBUS, Ohio (AP) — Two former top executives of FirstEnergy Corp.
Feb 12, 2024 8:49 AM
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Stock market today: Wall Street holds steady after another record-setting week
NEW YORK (AP) — Wall Street is holding steady, coming off its latest record-setting week. The S&P 500 was little changed in early trading Monday after closing Friday above the 5,000 level for the first time.
Feb 12, 2024 6:37 AM
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Fairfax Financial calls report by short seller Muddy Waters false and misleading
TORONTO — Fairfax Financial Holdings Ltd. is calling the allegations in a short sellers report on the company false and misleading.
Feb 12, 2024 6:24 AM
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Diamondback Energy to buy Endeavor in $26 billion deal to create a Permian drilling giant
Diamondback Energy will buy rival Endeavor Energy Resources in a cash-and-stock deal valued at about $26 billion to create a drilling giant in the Southwest United States. The transaction includes approximately 117.
Feb 12, 2024 3:38 AM
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