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National Business
Canadians turn to credit cards as many face payment shock: TransUnion report
TORONTO — A new TransUnion report shows a consistent rise in borrowing among Canadians in the second quarter as they contend with the higher cost of living.
Aug 29, 2023 12:10 PM
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Job vacancies, quits plunge in July in stark sign of cooling trend in the US labor market
WASHINGTON (AP) — Businesses posted far fewer open jobs in July and the number of Americans quitting their jobs fell sharply for the second straight month, clear signs that the labor market is cooling in a way that could reduce inflation.
Aug 29, 2023 11:09 AM
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Gap in financial literacy causes disconnect in managing debt, budget: survey
TORONTO — Some Canadians may be overestimating their ability to manage their finances and pay off their debt, a survey by Chartered Professional Accountants of Canada shows.
Aug 29, 2023 11:06 AM
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Best Buy and the reluctant shopper. Sales fall as Americans pull back on spending
NEW YORK (AP) — Best Buy sales and profits slid in the second quarter as the nation's largest consumer electronics chain continues to wrestle with a pullback in spending on gadgets after Americans splurged during the pandemic.
Aug 29, 2023 9:20 AM
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High Liner Foods chief executive Rod Hepponstall stepping down
LUNENBURG, N.S. — High Liner Foods Inc. says chief executive Rod Hepponstall is stepping down. The company says its board has accepted Hepponstall's resignation, effective on or before Jan. 2, 2024.
Aug 29, 2023 9:12 AM
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Biden targets diabetes drug Jardiance, blood thinner Eliquis and 8 others for Medicare price talks
WASHINGTON (AP) — The blood thinner Eliquis and popular diabetes treatments including Jardiance are among the first drugs that will be targeted for price negotiations in an effort to cut Medicare costs.
Aug 29, 2023 8:46 AM
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Unifor Detroit Three autoworkers vote for strike mandate, mirrors U.S. counterpart
TORONTO — Canadian and U.S. autoworkers are both negotiating with the Detroit Three carmakers simultaneously for the first time in 25 years, creating the potential for a co-ordinated strike against one of the major producers.
Aug 28, 2023 5:11 PM
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Most actively traded companies on the Toronto Stock Exchange
TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (20,025.14, up 189.39 points): Suncor Energy Inc. (TSX:SU). Energy. Up 43 cents, or 0.96 per cent, to $45.20 on 13.0 million shares.
Aug 28, 2023 4:50 PM
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S&P/TSX composite up almost 200 points Monday, U.S. stock markets also rise
TORONTO — Strength in energy stocks as the price of oil once again topped US$80 per barrel helped lead a broad rally on the Toronto Stock Exchange Monday, lifting Canada's main stock index almost 200 points, while U.S. stock markets also climbed.
Aug 28, 2023 4:44 PM
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Stock market today: Wall Street gains ahead of busy week of closely-watched economic reports
NEW YORK (AP) — Stocks closed higher on Wall Street as markets shift their attention from the Federal Reserve to more corporate earnings and economic reports. The S&P 500 added 0.6% Monday.
Aug 28, 2023 4:09 PM
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