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Federal deficit $69.8B for April-to-February period of fiscal 2021-22

Federal deficit $69.8B for April-to-February period of fiscal 2021-22

OTTAWA — The federal government posted a deficit of $69.8 billion for the April-to-February period of its 2021-22 fiscal year as revenue grew and expenses fell.
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Economy gains momentum with 1.1% GDP growth in February, best month since March 2021

Economy gains momentum with 1.1% GDP growth in February, best month since March 2021

OTTAWA — The Canadian economy surged ahead in February as pandemic-related restrictions eased, fuelling expectations by economists that the Bank of Canada will opt for another oversized rate hike in June.
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Inflation hits record high of 7.5% in countries using euro

Inflation hits record high of 7.5% in countries using euro

BRUSSELS (AP) — Inflation hit a new record for the 19 countries that use the euro as skyrocketing fuel prices boosted by the war in Ukraine add new burdens to household finances and weigh on a slowing economic recovery from the latest outbreaks of CO
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Explosions rock Kyiv again as Russians rain fire on Ukraine

Explosions rock Kyiv again as Russians rain fire on Ukraine

KYIV, Ukraine (AP) — Russia pounded targets from practically one end of Ukraine to the other Thursday, including Kyiv, bombarding the city while the head of the United Nations was visiting in the boldest attack on the capital since Moscow's forces re
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Vancouver council will hike empty homes tax to 5 per cent of assessed value in 2023

Vancouver council will hike empty homes tax to 5 per cent of assessed value in 2023

Vancouver is raising the empty homes tax that is designed to ease vacancy rates in the city, from three per cent to five per cent of the property's value.
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Fairfax Q1 shareholder net profit plunges, partially due to loss on investments

Fairfax Q1 shareholder net profit plunges, partially due to loss on investments

TORONTO — Fairfax Financial Holdings Ltd. says its net income attributable to shareholders plunged to US$125.5 million in the first quarter, in part due to a loss on investments. The Toronto-based insurance company, which reports in U.S.
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Yellen says more shocks likely to 'challenge the economy'

Yellen says more shocks likely to 'challenge the economy'

WASHINGTON (AP) — Treasury Secretary Janet Yellen said Thursday the global pandemic and Russia’s invasion of Ukraine highlight the possibility of big economic shocks in the future, adding that downturns are “likely to continue to challenge the econom
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Twitter, in possibly last quarterly report, sees user growth

Twitter, in possibly last quarterly report, sees user growth

LONDON (AP) — Twitter’s quarterly profit, revenue and the number of daily users on its platform are rising but its quarterly report, released days after agreeing to be sold to billionaire Elon Musk, offered scant details about what it expects on the
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West Fraser Q1 profit surges 64% despite significant winter transportation woes

West Fraser Q1 profit surges 64% despite significant winter transportation woes

VANCOUVER — West Fraser Timber Co. Ltd. says its net profit soared 64 per cent from a year ago to US$1.09 billion in its latest quarter on higher revenues despite significant transportation and mill challenges in B.C.
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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 Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (21,121.06, up 376.83 points.) Suncor Energy Inc. (TSX:SU). Energy. Up $5.07, or 12 per cent, to $47.22 on 24.9 million shares.
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