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S&P/TSX composite dips on Monday, U.S. stock markets also slip
TORONTO — Weakness in energy stocks drove Canada's main stock index to dip on Monday, while U.S. stock markets also fell to start the trading week. Stephen Duench, vice-president and portfolio manager for AGF Investments Inc.
May 1, 2023 4:46 PM
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Yellen says US could hit debt ceiling as soon as June 1
WASHINGTON (AP) — Treasury Secretary Janet Yellen notified Congress on Monday that the U.S. is projected to reach its debt limit as early as June 1, if the body does not raise or suspend the debt limit before then.
May 1, 2023 4:38 PM
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First Republic Bank seized, sold in fire sale to JPMorgan
NEW YORK (AP) — Regulators seized troubled First Republic Bank early Monday, making it the second-largest bank failure in U.S.
May 1, 2023 4:24 PM
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FDIC recommends raising insured deposit limit for businesses
NEW YORK (AP) — U.S. businesses might be able to secure bank deposit insurance for accounts holding more than $250,000 if Congress agrees with the Federal Deposit Insurance Corp.
May 1, 2023 4:07 PM
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Stock market today: Markets drift after latest bank failure
NEW YORK (AP) — Stocks drifted to a mixed close on Wall Street as investors braced for what they hope will be the last hike to interest rates for a long time. The S&P 500 closed virtually unchanged Monday as the latest historic U.S.
May 1, 2023 4:07 PM
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Under pressure from crypto miners, NB Power places pause on electricity requests
FREDERICTON — New Brunswick's electric utility imposed a moratorium on providing new service to cryptocurrency mining operations last year, saying it was concerned about its ability to meet the increasing demands from the power-hungry sector.
May 1, 2023 4:05 PM
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Stop-work order after fire at Nova Scotia's Donkin coal mine, no injuries reported
HALIFAX — A weekend fire at Cape Breton’s Donkin coal mine has resulted in a precautionary halt placed on the underground operation by provincial safety officials.
May 1, 2023 3:22 PM
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Vancouver port traffic dips in 2022, hinting at economic slowdown to come
MONTREAL — Cargo volumes at Canada's largest port fell by three per cent last year as the global economy began to show signs of a slowdown.
May 1, 2023 3:04 PM
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Calgary sets new April record as benchmark price hits $550,800: board
CALGARY — The Calgary Real Estate Board says the city set a new April record last month as the benchmark price of a home sold reached $550,800. The Alberta board says the price amounts to a two per cent increase from March and a 1.
May 1, 2023 2:52 PM
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WestJet closes deal to buy Sunwing Vacations and Sunwing Airlines
MONTREAL — WestJet Airlines' purchase of Sunwing's main airline and vacation divisions became official Monday in a major consolidation of the Canadian aviation market following a tumultuous year for travel.
May 1, 2023 2:40 PM
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