Skip to content

National Business

Bank of England lowers its main interest rate by 0.25%, to 5%, its first cut since for over 4 years

Bank of England lowers its main interest rate by 0.25%, to 5%, its first cut since for over 4 years

LONDON (AP) — The Bank of England has cut interest rates for the first time since the onset of the COVID-19 pandemic in early 2020 as inflationary pressures in the economy have eased.
Read more >
Ontario developer coalition asks governments for tax breaks to pass on to homebuyers

Ontario developer coalition asks governments for tax breaks to pass on to homebuyers

TORONTO — A coalition of Ontario developers has written to three levels of government to ask for a reduction in taxes on new housing, saying it will pass on those savings dollar for dollar to homebuyers.
Read more >
Lion Electric announces 300 more layoffs, driving stock into the tank

Lion Electric announces 300 more layoffs, driving stock into the tank

MONTREAL — Lion Electric Co. says it is laying off hundreds more workers as part of a plan to staunch its financial losses. The announcement sent the electric bus company's shares into a tailspin, leaving them a penny stock by day's end.
Read more >
B.C. couple partially victorious in bankruptcy fight with securities regulator

B.C. couple partially victorious in bankruptcy fight with securities regulator

VANCOUVER — The chair of the British Columbia Securities Commission is calling on the federal government to change legislation to protect investors after the Supreme Court of Canada ruled fines issued by regulators can be wiped out by bankruptcy.
Read more >
Don't mistake 'luck for emergency preparedness' in B.C. ship fire: TSB chair says

Don't mistake 'luck for emergency preparedness' in B.C. ship fire: TSB chair says

VANCOUVER — The chair of Canada's Transportation Safety Board says it was luck rather than preparedness that helped in putting out a fire on a cargo ship off Vancouver Island's coast in October 2021.
Read more >
TMX Group earnings rise to $100 million in second quarter, revenues also higher

TMX Group earnings rise to $100 million in second quarter, revenues also higher

TORONTO — TMX Group Ltd. says it earned $100 million in the second quarter of 2024, up from $97.3 million during the same quarter last year. Revenue for the company that operates the Toronto Stock Exchange totalled $367.1 million, up from $306.
Read more >
NFI Group posts first quarterly profit in three years as revenue rises

NFI Group posts first quarterly profit in three years as revenue rises

WINNIPEG — NFI Group Inc. says it earned US$3 million in its second quarter, up from a net loss of US$48 million a year earlier. The Winnipeg-based company says its revenue for the quarter totalled US$851 million, up from US$660 million last year.
Read more >
Boeing names its next CEO while posting a quarterly loss of more than $1.4 billion

Boeing names its next CEO while posting a quarterly loss of more than $1.4 billion

Boeing named an aerospace industry veteran with a background in mechanical engineering as its next chief executive Wednesday, looking to open a new chapter at a company rocked by legal, regulatory and production problems and mounting financial reperc
Read more >
Western Forest Products narrows loss in second quarter to $5.7 million

Western Forest Products narrows loss in second quarter to $5.7 million

VANCOUVER — Western Forest Products Inc. says it lost $5.7 million during the second quarter, compared with a loss of $20.7 million a year earlier. The Vancouver-based company says revenues were $309.
Read more >
Facebook parent Meta posts stronger-than-expected Q2 results, sending shares higher after hours

Facebook parent Meta posts stronger-than-expected Q2 results, sending shares higher after hours

SAN FRANCISCO (AP) — Facebook and Instagram parent company Meta Platforms Inc. reported stronger-than-expected results for the second quarter on Wednesday, sending shares sharply higher in after-hours trading.
Read more >