Elevate your local knowledge
Sign up for the iNFOnews newsletter today!
Business
Algoma Steel reports net loss of $84.8 million in third quarter, revenues rise
SAULT STE. MARIE, Ont. – Algoma Steel Group Inc. reported a net loss of $84.8…
Backstop on insurance needed from catastrophe risk: OSFI head
TORONTO – It’s important to develop a backstop for the insurance industry against major catastrophes…
Business funding on climate action needs to “rise exponentially”: RBC report
TORONTO – Business funding for climate action needs to “rise exponentially” for Canada to be…
Precision Drilling’s North American activity slows on weak natural gas prices
CALGARY – Low natural gas prices significantly reduced North American drilling activity toward the end…
Most actively traded companies on the Toronto Stock Exchange
TORONTO – Some of the most active companies traded Tuesday on the Toronto Stock Exchange:…
U.S. stock markets hold on to gains while base metal stocks help boost TSX
TORONTO – Strength in base metal stocks helped lead modest but broad-based gains on Canada’s…
Don’t look to the BoC to solve Canada’s housing and economic woes, Macklem says
OTTAWA – Bank of Canada governor Tiff Macklem is laying out the limits of monetary…
Strong start to home sales in 2024 unlikely to delay BoC rate cuts: economists
TORONTO – A surge in home sales across Canada’s largest markets to kick off 2024…
Accusations of grocery profiteering unfounded, witnesses tell House food committee
Accusations of profiteering in the Canadian grocery industry are unfounded and unsubstantiated, witnesses told a…
The top US aviation regulator says oversight of Boeing ‘is not delivering safe aircraft’
WASHINGTON – The new chief of the Federal Aviation Administration said Tuesday that his agency…
Adam Neumann, ousted founder of WeWork, wants to buy back the office sharing company
NEW YORK (AP) — Adam Neumann, the ousted co-founder of WeWork, is exploring a deal…
Montreal airport project secures $90 million in federal funding
MONTREAL – The consortium behind an airport overhaul in the Montreal area has shored up…
Freeland announces $199 million in support for low-income renters, shelters
OTTAWA – Finance Minister Chrystia Freeland says the federal government is putting nearly $200 million…
Home sales, prices rise in Montreal amid optimism around interest rates: board
MONTREAL – The Quebec Professional Association of Real Estate Brokers says Montreal-area home sales jumped…
OSC board extends Grant Vingoe’s term as the regulator’s chief executive
TORONTO – The board of directors at the Ontario Securities Commission has extended Grant Vingoe’s…
TMX Group reports $84.4M Q4 profit, revenue up nine per cent from year ago
TORONTO – TMX Group Ltd. reported a fourth-quarter profit attributable to equity holders of $84.4…
‘Shocking’: Air Canada CEO blasted over accessibility services at House committee
Lawmakers took Air Canada’s CEO to task on Monday over “shocking” and failures to accommodate…
Crypto mining company loses bid to force BC Hydro to provide power
VANCOUVER – A cryptocurrency firm has lost a bid to force BC Hydro to provide…
World Cup to boost Toronto, Vancouver tourism, but how much is unclear
Toronto and Vancouver are set to get a tourism boost from the World Cup, but…
Quebec government to spend $870 million to replace Montreal’s Olympic Stadium roof
MONTREAL – The Quebec government says it will spend $870 million to replace the decaying…
Colorado fines Suncor US$10.5 million for air pollution violations
DENVER – The state of Colorado is fining Suncor Energy Inc. US$10.5 million for air…
Most actively traded companies on the Toronto Stock Exchange
TORONTO – Some of the most active companies traded Monday on the Toronto Stock Exchange:…
S&P/TSX composite down more than 200 points, U.S. stock markets also fall
TORONTO – Canada’s main stock index fell more than 200 points Monday in a broad-based…
Manulife to cover specialty drugs at any pharmacy after backlash over Loblaw deal
TORONTO – Manulife Financial Corp. says patients who require specialty drugs will be able to…