Category: Finance

The recently completed Trans Mountain pipeline expansion will boost Canadian oil prices for “years” to come, an executive with oilsands producer MEG Energy Corp. said Tuesday. “It is great for industry and Canada to have that tremendous asset available,” said MEG’s vice-president of marketing Erik Alson during a conference call with analysts to discuss the […]

Descrease article font size Increase article font size Canadian e-commerce platform Shopify forecast its slowest quarterly revenue growth in two years against the backdrop of an uncertain economy and tepid consumer spending, sending its U.S. shares slumping nearly 20 per cent in early trading Wednesday. While e-commerce growth has been normalizing after a post-pandemic slump, […]

Wildfires are already burning in parts of Western Canada and with warnings of a particularly active season yet again this year, the country’s largest property and casualty insurer is testing a pilot project to help eligible Canadians protect their homes. Intact Financial Corporation on Tuesday announced a partnership with Montana’s Wildfire Defense Systems to provide […]

Apple on Tuesday introduced a new, larger consumer iPad model at a virtual event, putting a slightly newer chip in the device as analysts expected further upgrades to the company’s professional iPad lineup. The iPad Air, the Cupertino, California-based company’s mid-priced model, will now come in a larger 13-inch screen size at US$800, as well […]

Loblaw Cos. Ltd.’s new chief executive said he’s “cautiously optimistic” that the company will be able to come to an agreement on the grocery code of conduct. “Where it’s going to land, I’m of course not sure, but I’m more optimistic now than before that we can land an agreement on the code,” Per Bank […]

An online campaign urging shoppers to boycott Loblaw stores is unlikely to leave a lasting scar on the company’s bottom line, some experts say, but the phenomenon could hint at a deeper crisis of consumer confidence for Canada’s largest grocer. Wednesday marked the beginning of a month-long boycott planned against Loblaw’s properties, from grocery stores […]

A series of demographic forces reshaping Canada has left many adult Canadians “sandwiched” between unpaid caregiving responsibilities for the generations coming before and after them. Marci Gray, a Brampton, Ont. resident, feels that particular sandwich through more layers than most. The CEO and lead psychotherapist at Gray Matter Health has three growing children of her […]

By Staff The Canadian Press Posted May 2, 2024 12:01 pm 1 min read Descrease article font size Increase article font size Canada’s financial intelligence agency says it has levied a $9.2-million penalty against The Toronto-Dominion Bank for non-compliance with money laundering and terrorist financing measures as the bank also faces compliance investigations in the […]

Air Canada lost $81 million in its first quarter, falling below analysts’ expectations even as revenue and capacity ramped up. Canadians’ diminishing appetite for post-pandemic travel yielded thinner profit margins on fares, while a 21 per cent year-over-year rise in labour costs drove up overall expenses, the company said. “As expected, pent-up demand and ‘revenge […]

The head of the Bank of Canada says there’s a “limit” to how much Canadian monetary policy can diverge from the United States as market watchers see earlier cuts coming north of the border. Governor Tiff Macklem was asked about the impact of U.S. monetary policy on the Bank of Canada’s interest rate path during […]