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National Business
National Business
Aecon boosts profits after bolstering project backlog
TORONTO — Aecon Group Inc. says its fourth-quarter earnings shot up by nearly two-thirds from the same period last year as the construction firm shored up its project backlog. The Toronto-based company says its net profit jumped to $19.
Feb 28, 2023 5:26 PM
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North American markets slip again, ending rough month for investors
North American stock markets edged down Tuesday to close what has been a rough February for investors. The S&P/TSX composite index closed down 38.94 points at 20,221.19. In New York, the Dow Jones industrial average was down 232.
Feb 28, 2023 5:10 PM
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Canadian commercial real estate investment could reach high of $59B in 2023: CBRE
TORONTO — The outlook for commercial real estate looks "bumpy" in the near term, but CBRE's 2023 forecast predicts a soft landing could still be in the cards.
Feb 28, 2023 4:47 PM
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Wall Street closes out a chilling February with another dip
NEW YORK (AP) — Stocks drifted to a weak close on Wall Street, closing out a rocky February. The S&P 500 lost 0.3% Tuesday, and the Dow Jones Industrial Average and the Nasdaq composite also fell. Treasury yields were mixed.
Feb 28, 2023 4:10 PM
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What is TikTok doing with my data and should I ditch the app?
TORONTO — TikTok has been in the spotlight this week after the federal government announced it was banning the social media app from its devices days after Canadian privacy commissioners began investigating the company.
Feb 28, 2023 3:13 PM
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BMO Financial Group reports earnings drop on Bank of the West-related charge
TORONTO — BMO Financial Group said Tuesday it is focused on integrating its US$16.3 billion Bank of the West acquisition that dominated fourth-quarter results and will reshape its balance sheet in the quarters ahead.
Feb 28, 2023 1:57 PM
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Biden to nominate Julie Su as next US labor secretary
WASHINGTON (AP) — President Joe Biden is nominating Julie Su, the current deputy and former California official, as his next labor secretary, replacing the departing incumbent, former Boston Mayor Marty Walsh.
Feb 28, 2023 1:49 PM
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Ex-FTX executive is 3rd to plead guilty in cooperation deal
NEW YORK (AP) — A former FTX executive pleaded guilty Tuesday to conspiracy and wire fraud charges as part of a deal to cooperate with federal prosecutors building their case against FTX founder Sam Bankman-Fried in what authorities have dubbed one o
Feb 28, 2023 1:44 PM
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Provinces to see limited growth this year but protracted recession unlikely: Report
Canada's provinces are poised for limited economic activity and sluggish growth for the rest of the year and into 2024, but the risk of a drawn-out recession is increasingly unlikely, according to a report released Tuesday.
Feb 28, 2023 1:24 PM
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Economy posted no growth in the fourth quarter, but consumer spending is holding on
OTTAWA — The Canadian economy was treading water at the end of 2022, the latest GDP report shows, but beneath the disappointing data is resilient consumer spending keeping the economy afloat.
Feb 28, 2023 1:10 PM
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