Skip to content
12.0 °Cforecast >
Cloudy

National Business

HOOPP's chief executive quits Home Capital board, citing potential conflict

TORONTO — The chief executive of HOOPP has resigned as a director of Home Capital Group and its subsidiaries, citing a potential conflict of interest following the pension fund's decision to provide $2 billion of credit to the mortgage company.

Home Capital stock rises as it secures credit line, says exploring options

TORONTO — Home Capital Group Inc. shares regained some ground on Thursday after it secured a $2-billion credit line and said it's exploring its strategic options, suggesting it could be up for sale.
Wealthsimple targeting older U.S. demographic due to student loan debt, says CEO

Wealthsimple targeting older U.S. demographic due to student loan debt, says CEO

TORONTO — Three months after expanding its millennial-targeted robo-adviser service to the United States, Wealthsimple is now seeking to capture an older demographic south of the border due to the burden of student loan debt there.
White House wants to push tax overhaul without Democrats

White House wants to push tax overhaul without Democrats

WASHINGTON — A senior administration official said Thursday the White House plans to push its tax overhaul without any support from congressional Democrats.
Amid reports of US NAFTA pullout, Mexico leaned on diplomacy

Amid reports of US NAFTA pullout, Mexico leaned on diplomacy

MEXICO CITY — Like the rest of the world, Mexico only learned through media reports that the Trump administration was considering a draft executive order to withdraw the United States from the North American Free Trade Agreement.

Ontario balances budget, but debt rises to $312 billion

TORONTO — Ontario's Liberal government has finally eliminated its deficit, but its debt is rising to new heights.

Judge orders Volkswagen to pay $2.1B in class-action suit over emissions scandal

TORONTO — Members of a Canadian class-action lawsuit against Volkswagen can submit claims for reimbursement starting on Friday after an Ontario court approved a $2.1-billion settlement plan.

Industry group raises oil and gas drilling forecast again on price stability

CALGARY — An oil and gas industry group is once again raising its drilling forecast for the year after seeing higher than expected activity.

Jean Coutu hopes Quebec can reach deal with drugmakers to avoid tendering

MONTREAL — The Jean Coutu Group hopes Quebec can reach an agreement with generic drug manufacturers to reduce drugs costs without resorting to the tendering of certain medications that will hurt its business.

Canam stock nearly doubles on going-private offer for Quebec-based company

MONTREAL — Canam Group is preparing to end its 33-year run as a public company after partnering with a U.S. company and Quebec investors to take the structural steel specialist private.