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CIBC reports profits up as potential loan losses down, raises dividend

CIBC reports profits up as potential loan losses down, raises dividend

TORONTO — Canadian Imperial Bank of Commerce raised its quarterly dividend as it reported a rise in revenue and earnings while its provisions for potentially bad loans dropped.
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Calgary airport still rebuilding from summer hailstorm, but ready for holiday rush

Calgary airport still rebuilding from summer hailstorm, but ready for holiday rush

CALGARY — The Calgary International Airport is gearing up for a record travel season, but the effects of a devastating summer hailstorm that pummeled the city linger.
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BMO posts big miss on earnings expectations as bad loans weigh

BMO posts big miss on earnings expectations as bad loans weigh

TORONTO — BMO Financial Group boosted its provisions for potential bad loans in the fourth quarter, but the bank said Thursday it expects loan performance to improve next year. The bank reported a fourth-quarter profit of $2.
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US judge rejects Boeing's plea deal in a conspiracy case stemming from fatal plane crashes

US judge rejects Boeing's plea deal in a conspiracy case stemming from fatal plane crashes

DALLAS (AP) — A federal judge on Thursday rejected a deal that would have allowed Boeing to plead guilty to a felony conspiracy charge and pay a fine for misleading U.S.
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Statistics Canada reports merchandise trade deficit narrowed in October

Statistics Canada reports merchandise trade deficit narrowed in October

OTTAWA — Statistics Canada says the country's merchandise trade deficit narrowed to $924 million in October as exports rose for the first time since June. The agency said Thursday the result compared with a deficit of $1.3 billion in September.
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By the numbers: Which food categories will see the biggest price increases next year?

By the numbers: Which food categories will see the biggest price increases next year?

Food prices in Canada will likely go up by three to five per cent next year, according to the 15th annual food price report released Thursday by a partnership that includes researchers at Dalhousie University, the University of Guelph, University of
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Canadians to spend $801 more on food in 2025 as climate, Trump affect prices: report

Canadians to spend $801 more on food in 2025 as climate, Trump affect prices: report

Food prices in Canada are likely to increase by three to five per cent next year, according to a newly released report, but wild cards like climate change and Donald Trump could have unforeseen impacts.
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Montreal posts big home sales gains in November as median prices continue to rise

Montreal posts big home sales gains in November as median prices continue to rise

MONTREAL — Montreal-area home sales rose 47 per cent in November compared with a year ago as the province's real estate board says the region saw the second-most activity for the month since 2000.
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US applications for jobless benefits rise last week but remain at low levels

US applications for jobless benefits rise last week but remain at low levels

The number of Americans applying for unemployment benefits rose last week but remains at historically healthy levels. Jobless claim applications rose by 9,000 to 224,000 for the week of Nov. 30, the Labor Department reported Thursday.
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Key members of OPEC+ alliance are putting off production increases amid slack crude prices

Key members of OPEC+ alliance are putting off production increases amid slack crude prices

FRANKFURT, Germany (AP) — Eight members of the OPEC+ alliance of oil exporting countries decided Thursday to put off increasing oil production as they face weaker than expected demand and competing production from non-allied countries — factors that
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