Elevate your local knowledge
Sign up for the iNFOnews newsletter today!
Business
Ottawa repurposing $10.5B to hike spending on health care, housing over three years
OTTAWA – The federal government will repurpose $10.5 billion over the next three years from…
TSX gains more than 100 points, U.S. stock markets rise to new records
TORONTO – Canada’s main stock index gained more than 100 points Thursday, boosted by gains…
Stock market today: S&P 500 and Nasdaq climb to record highs, led by more gains in tech companies
NEW YORK (AP) — Wall Street closed out its fourth winning month in a row…
CIBC, TD cap round of earnings that largely beat subdued expectations
TORONTO – CIBC and TD Bank wrapped a round of quarterly bank results Thursday that,…
Ottawa adds funding to CBC, despite executives’ claims it was asked to cut its budget
OTTAWA – Canada’s public broadcaster is getting an increase in funding, despite executives insisting that…
Lion Electric lays off 100 more workers after $100 million earnings loss
SAINT-JÉRÔME, Que. – The Lion Electric Co. says it is laying off 100 more employees…
WSP Global beats earnings expectations, forecasts more growth this year
MONTREAL – WSP Global beat earnings expectations last quarter, boosting profits by nearly nine per…
Canadian Natural Resources hits record oil production amid rising U.S. demand
Canadian Natural Resources Ltd. drew on its abundant reserves to set a slew of production…
Tribunal wraps first ‘junk fee’ case over online fees for Cineplex movie tickets
OTTAWA – The Competition Tribunal heard a second day of arguments Thursday in a case…
Income tax indexing highlights Nova Scotia budget as inflation complaints rise
HALIFAX – Nova Scotia has tabled a $16.5-billion budget that indexes provincial income tax rates…
MPs summon CEOs of Rogers, Bell and Telus to appear at committee about phone prices
MPs have voted unanimously to summon the chief executives of Canada’s three largest telecommunications companies…
Canada averts recession with meagre growth in Q4, consumers and businesses pinched
OTTAWA – The Canadian economy continues to beat recession fears, posting modest growth in the…
TD fast-tracking investments to fix anti-money laundering deficiencies: CEO
TORONTO – TD Bank Group has identified where its deficiencies in anti-money laundering oversight are…
US applications for jobless benefits rise but remain historically low despite recent layoffs
More Americans applied for jobless benefits last week, but layoffs remain historically low even as…
Federal Reserve’s preferred inflation gauge picked up last month in sign of still-elevated prices
WASHINGTON (AP) — An inflation gauge favored by the Federal Reserve increased in January, the…
Spin Master expecting challenging year in 2024, plans to launch new ‘value’ toys
TORONTO – Spin Master Corp. says it expects to face a challenging year in 2024…
Crescent Point Energy reports Q4 profit, raises quarterly dividend 15%
CALGARY – Crescent Point Energy Corp. raised its quarterly base dividend by 15 per cent…
Highlights from Nova Scotia’s 2024-25 provincial budget
HALIFAX – Highlights of the Nova Scotia government’s provincial budget presented Thursday: — The province…
Best Buy’s shares up after chain posts smaller-than expected sales decline for 4Q
NEW YORK (AP) — Best Buy’s shares rose on Thursday as the nation’s largest consumer…
First Quantum Minerals completes pair of key financing deals
TORONTO – First Quantum Minerals Ltd. has completed two key financing deals to raise a…
Competition Bureau gets court order for investigation into Google’s ad practices
GATINEAU, Que. – The Competition Bureau says it’s obtained a court order in an ongoing…
One Tech Tip: Don’t use rice for your device. Here’s how to dry out your smartphone
LONDON (AP) — You were walking next to a swimming pool when you slipped and…
Electronic Arts cutting about 5% of workforce with layoffs ongoing in gaming and tech sector
Electronic Arts is cutting about 5% of its workforce, or approximately 670 employees, as layoffs…
Changing jobs? Keeping track of pension key as regulator warns of ‘stranded’ benefits
Two years ago, Ihor Weryha finally felt ready to retire. The Mississauga, Ont., resident had…