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S&P/TSX composite losses deepen as selloff extends to fourth straight day

S&P/TSX composite losses deepen as selloff extends to fourth straight day

Canada’s main stock index declined for a fourth straight trading session Wednesday to end the month of August with investor sentiment squarely in the risk-off camp. The S&P/TSX composite index closed down 182.09 points at 19,330.81.
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Laurentian Bank shares down as earnings dip, profit margins on loans worsen

Laurentian Bank shares down as earnings dip, profit margins on loans worsen

MONTREAL — Laurentian Bank of Canada shares closed down more than 10 per cent Wednesday as the bank reported a drop in quarterly earnings caused by provisions for bad loans, while lower margins on interest income and a drop in personal loans also wei
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Canadian banks' climate commitments lag expectations of UN-led coalition: Greenpeace

Canadian banks' climate commitments lag expectations of UN-led coalition: Greenpeace

TORONTO — Canada's biggest banks could be pushed out of a UN-backed, net-zero emissions coalition if they don't boost their climate commitments, a report released Wednesday by Greenpeace Canada says.
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Canadian economic growth lags expectations in Q2; July estimate points to contraction

Canadian economic growth lags expectations in Q2; July estimate points to contraction

OTTAWA — Economists expect the Bank of Canada to move forward with another aggressive interest rate hike next week after the release of data showing the economy remained in relatively good shape during the second quarter of the year.
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Rogers-Shaw deal process could drag into next summer, says Scotiabank analyst

Rogers-Shaw deal process could drag into next summer, says Scotiabank analyst

TORONTO — As Rogers Communications Inc. aims to close its $26-billion proposed takeover of Shaw Communications Inc. by the end of this year, one telecom watcher says the process could drag on into mid-2023.
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Bank of Canada takes to Twitter to set record straight on 'printing money' claim

Bank of Canada takes to Twitter to set record straight on 'printing money' claim

OTTAWA — As the Bank of Canada tries to reign in red hot inflation, the central bank is engaging in another fight: one against misinformation.
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US clears updated COVID boosters targeting newest variants

US clears updated COVID boosters targeting newest variants

WASHINGTON (AP) — The U.S. on Wednesday authorized its first update to COVID-19 vaccines, booster doses that target today’s most common omicron strain. Shots could begin within days.
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Stocks are off to a mixed start, remain lower for the week

Stocks are off to a mixed start, remain lower for the week

NEW YORK (AP) — Stocks are off to a slightly higher start on Wall Street but major indexes remain lower for the week after several days of declines.
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Loomis Express workers reach tentative deal, strike averted

Loomis Express workers reach tentative deal, strike averted

TORONTO — The union representing almost 1,500 Loomis Express workers says it has reached a tentative agreement with the company, avoiding a strike that was set to begin Wednesday. Details of the tentative settlement were not immediately available.
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Inflation hits 9.1% in countries using euro currency

Inflation hits 9.1% in countries using euro currency

LONDON (AP) — Inflation in the European countries using the euro currency hit another record in August, fueled by soaring energy prices mainly driven by Russia’s war in Ukraine. Annual inflation in the eurozone’s 19 countries rose to 9.1%, up from 8.
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