Skip to content

National Business

Materials sector helps lift Toronto stock market, loonie edges lower

Materials sector helps lift Toronto stock market, loonie edges lower

TORONTO — Gains in the materials sector helped boost Canada's main stock index higher in late-morning trading, while U.S. stock markets also gained ground. The S&P/TSX composite index was up 17.78 points at 16,512.01.
West Fraser results far below expectations as lumber prices, duties bite

West Fraser results far below expectations as lumber prices, duties bite

VANCOUVER — West Fraser Timber Co Ltd. reported a loss in its second quarter as it saw a substantial reversal compared with a year ago as lower lumber prices and export duties cut into its results.
Bank of Canada lowers qualifying rate used in mortgage stress tests

Bank of Canada lowers qualifying rate used in mortgage stress tests

OTTAWA — The Bank of Canada has lowered the rate used by mortgage stress tests to determine whether would-be homeowners can qualify, marking the first drop in three years. The central bank's five-year benchmark qualifying rate is now 5.
Statistics Canada reports retail sales fell 0.1 per cent in May to $51.5B

Statistics Canada reports retail sales fell 0.1 per cent in May to $51.5B

OTTAWA — Canadian retail sales fell for the first time in four months as shoppers spent less at grocery and liquor stores in May. Statistics Canada said Friday retail sales fell 0.1 per cent in May to $51.5 billion.
Sexual harassment complaints soaring amid 'frat boy culture' in airline industry

Sexual harassment complaints soaring amid 'frat boy culture' in airline industry

Mandalena Lewis was enjoying a layover in Hawaii with her WestJet co-workers the night she says a pilot pinned her down and tried to force her to have sex. "I escaped being raped, but I was sexually assaulted," the former flight attendant said.
Barrick Gold reaches deal for Acacia Mining after raising offer for company

Barrick Gold reaches deal for Acacia Mining after raising offer for company

TORONTO — Barrick Gold Corp. has reached a deal to buy the stake in Acacia Mining that it does not already own, after raising its offer for the African gold miner. Under the deal, Barrick will swap 0.
B.C. posts $1.5B surplus as tax revenue increases and real estate market cools

B.C. posts $1.5B surplus as tax revenue increases and real estate market cools

VICTORIA — The British Columbia government ended its fiscal year with an operating surplus of $1.5 billion as the province collected more revenue from taxation and less money from a softening real estate market.
Deemed dangerous, Epstein denied bail in sex abuse case

Deemed dangerous, Epstein denied bail in sex abuse case

NEW YORK — A judge who denied bail for jailed financier Jeffrey Epstein on sex trafficking charges Thursday said he poses a danger to the public and seems to still have an uncontrollable urge for sexual conduct with or in the presence of underage gir

Report: Newspaper chains Gannett, GateHouse in merger talks

NEW YORK — Two of the country's largest newspaper companies are in "advanced talks" to combine. That's according to a Wall Street Journal report that cites unidentified people familiar with the matter. The Journal says that Gannett Co.
Boeing to take a $4.9 billion charge over grounded jet

Boeing to take a $4.9 billion charge over grounded jet

DALLAS — Boeing says it will take a $4.9 billion charge to cover possible compensation to airlines whose Max jets remain grounded after two deadly accidents.