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National Business
National Business
BMO to shutter indirect retail auto finance business as bad debt mounts
MONTREAL — BMO Financial Group plans to close its indirect retail auto finance business in order to reroute resources, as borrowers dig deep to stay on top of recent interest rate hikes.
Sep 18, 2023 8:27 AM
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CMHC reports annual pace of housing starts down 1% in August
OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts in Canada edged down one per cent in August compared with July.
Sep 18, 2023 5:51 AM
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Métro Média to declare bankruptcy as local journalism takes another hit
MONTREAL — Métro Média will declare bankruptcy this week, permanently ending its coverage of local government in parts of the province's two largest cities, the head of the Quebec newspaper publisher said Sunday.
Sep 17, 2023 2:25 PM
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UAW justifies wage demands by pointing to CEO pay raises. So how high were they?
NEW YORK (AP) — It’s been a central argument for the United Auto Workers union: If Detroit's three automakers raised CEO pay by 40% over the past four years, workers should get similar raises.
Sep 17, 2023 1:38 PM
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Five things to watch for in the Canadian business world in the coming week
TORONTO — Five things to watch for in the Canadian business world in the coming week: Auto talks The contracts between Unifor and the three big U.S. automakers are set to expire on Monday at 11:59 p.m. The union is negotiating with Ford Motor Co.
Sep 17, 2023 10:27 AM
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Inflation likely gained pace in August, economists expect, reversing progress
OTTAWA — Economists are forecasting inflation reaccelerated to around four per cent last month, reversing previous progress made as gasoline prices push inflation higher.
Sep 17, 2023 7:00 AM
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Canadians showing more support for striking workers amid inflation, corporate profits
It was Samantha Henry’s first time on strike, and one that made headlines across the country. “Some people thought the strike would only last a week, a couple of days.
Sep 17, 2023 7:00 AM
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The economic roller-coaster of a small Ontario town fuelled by chocolate and cannabis
SMITHS FALLS, Ont. — A small eastern Ontario town that was once known as the province's chocolate capital is preparing for the sweet return of Hershey's.
Sep 17, 2023 4:00 AM
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Golden Mushroom brand Enoki mushrooms recalled for possible Listeria contamination
The Canadian Food Inspection Agency has issued a recall for Golden Mushroom brand Enoki mushrooms due to a possible Listeria contamination. The product was sold in 200g packages in Ontario and may also have been distributed nationally.
Sep 17, 2023 2:36 AM
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The auto workers strike will drive up car prices, but not right away -- unless consumers panic
DALLAS (AP) — Car shoppers are heading for a new round of sticker shock if the strike by the United Auto Workers doesn’t end soon, particularly for popular vehicles that are already in short supply.
Sep 16, 2023 10:37 AM
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