Skip to content

National Business

Proxy battle cost Gildan US$65M, as investors re-elect Chamandy, new slate to board

Proxy battle cost Gildan US$65M, as investors re-elect Chamandy, new slate to board

MONTREAL — The bitter battle over who would run Gildan Activewear Inc. cost the company at least US$65 million, according to its newly returned CEO, as the apparel maker looks to turn a corner after a turbulent six months.
Read more >
Could a Senate bill cause age verification laws to apply to Netflix? Experts say yes

Could a Senate bill cause age verification laws to apply to Netflix? Experts say yes

OTTAWA — Canada's privacy czar and a government official are warning that a Senate bill proposing to block minors from "sexually explicit material" online could apply to streaming services such as Netflix.
Read more >
Fitch downgrades TD Bank outlook to negative on anti-money laundering issues

Fitch downgrades TD Bank outlook to negative on anti-money laundering issues

TORONTO — Fitch Ratings Inc. says it has downgraded its outlook on TD Bank Group to negative from stable because of the potential fallout from anti-money laundering deficiencies at the bank.
Read more >
Key Manitoba pipeline partially fixed as repairs continue, province says

Key Manitoba pipeline partially fixed as repairs continue, province says

WINNIPEG — Fuel is flowing for the first time in more than two months through a pipeline that supplies gasoline, diesel and aviation fuel to the Winnipeg region.
Read more >
Liberal MP calls out PBO for error in carbon price analysis, asks for correction

Liberal MP calls out PBO for error in carbon price analysis, asks for correction

OTTAWA — The parliamentary secretary for Finance Minister Chrystia Freeland is criticizing the parliamentary budget officer for not issuing a more-public correction to its carbon price analysis after finding an error in it.
Read more >
Most actively traded companies on the Toronto Stock Exchange

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (22,265.05, down 108.33 points): Suncor Energy Inc. (TSX:SU). Energy. Up 26 cents, or 0.47 per cent, to $55.54 on 12.1 million shares.
Read more >
S&P/TSX composite down more than 100 points, U.S. stock markets mixed

S&P/TSX composite down more than 100 points, U.S. stock markets mixed

TORONTO — Losses in industrial, utility and financial stocks weighed on the Toronto stock market as Canada's main stock index fell more than 100 points Tuesday, while U.S. stock markets were mixed. The S&P/TSX composite index closed down 108.
Read more >
Stock market today: Most of Wall Street slips in quiet trading after returning from a 3-day weekend

Stock market today: Most of Wall Street slips in quiet trading after returning from a 3-day weekend

NEW YORK (AP) — Most U.S. stocks fell as a tick higher in bond yields tightened the screws a bit on Wall Street following a three-day weekend. The S&P 500 closed little changed Tuesday and is sitting just below its record set a week ago.
Read more >
Scotiabank profits slip as auto loans and variable mortgages weigh

Scotiabank profits slip as auto loans and variable mortgages weigh

TORONTO — Rising strain in auto loans and mortgages led Scotiabank to set aside more money in the second quarter, leading to a drop in profits and analyst concern about its growth prospects. The bank said Tuesday its net income fell to $2.
Read more >
OpenAI forms safety committee as it starts training latest artificial intelligence model

OpenAI forms safety committee as it starts training latest artificial intelligence model

OpenAI says it's setting up a safety and security committee and has begun training a new AI model to supplant the GPT-4 system that underpins its ChatGPT chatbot.
Read more >