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BMO takes $1.1-billion provision on U.S. Ponzi scheme ruling
TORONTO — BMO Financial Group will record a $1.12-billion provision after a U.S. jury found it liable in relation to a Ponzi scheme alleged to have been facilitated by a bank it bought.
Nov 9, 2022 12:28 PM
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TC Energy seeking to sell off $5 billion in assets in 2023 to fund future projects
CALGARY — TC Energy Corp. is looking to divest $5 billion in assets next year, as the Calgary-based pipeline operator seeks to pay down debt and fund new projects.
Nov 9, 2022 12:15 PM
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Consumer insolvencies rise 22.5 per cent compared with last year
Statistics Canada says consumer insolvencies rose 22.5 per cent in the third quarter compared with a year earlier, marking the largest percentage increase in 13 years. The federal agency says consumer insolvency filings increased 2.
Nov 9, 2022 10:15 AM
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Rogers says impact from July network outage on business 'very isolated'
TORONTO — Rogers Communications Inc. said Wednesday that the business impact from its July network outage was "very isolated" as it reported its third-quarter profit fell compared with a year ago while revenue crept higher.
Nov 9, 2022 9:37 AM
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Turquoise Hill delays shareholder vote on Rio Tinto plan after concerns raised
TORONTO — Turquoise Hill Resources Ltd. is postponing its shareholder meeting to vote on Rio Tinto's plan to take the company private as it works to resolve concerns about Rio Tinto's deal with a pair of shareholders who had opposed the deal.
Nov 9, 2022 9:23 AM
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Germany blocks Chinese-owned firm's chip factory deal
BERLIN (AP) — The German government on Wednesday blocked the sale of a chip factory to a Swedish subsidiary of a Chinese company, a decision that comes as Berlin grapples with its future approach to Beijing.
Nov 9, 2022 5:54 AM
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Consulting firm CGI reports fourth-quarter profit and revenue up from year ago
MONTREAL — CGI Inc. says it earned a fourth-quarter profit of $362.4 million, up from $345.9 million in the same quarter last year as its revenue rose eight per cent compared with a year ago.
Nov 9, 2022 5:28 AM
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Big bet a bust in bid to allow sports gambling in California
LOS ANGELES (AP) — The most expensive ballot proposition gamble in U.S. history went bust Tuesday as California voters overwhelmingly rejected sports betting initiatives by Native American tribes and the gaming industry.
Nov 9, 2022 1:49 AM
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California voters reject tax on rich for more electric cars
SACRAMENTO, Calif. (AP) — California’s wealthiest residents won’t see a tax increase after voters rejected a measure Tuesday that would have boosted rates on incomes above $2 million to help put more electric cars on the roads.
Nov 9, 2022 1:20 AM
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Nintendo counting on forays beyond video games to boost fans
TOKYO (AP) — Nintendo hopes to leverage a new Super Mario movie, various merchandising and theme parks to draw more people into playing its video games, President Shuntaro Furukawa said Wednesday.
Nov 8, 2022 9:30 PM
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