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Laurentian Bank reports profit down from system outage, cuts 2% of staff
Laurentian Bank of Canada said Thursday it was cutting staff and revamping its strategic plan as it works to move past a major system outage in September and the subsequent ousting of its chief executive.
Dec 7, 2023 1:38 PM
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Oil and gas sector warns emissions cap could lead to production curtailments
Canada's oil and gas industry is warning that Ottawa's emissions cap framework could result in significant production curtailments by companies and higher energy prices for consumers.
Dec 7, 2023 1:38 PM
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Stock market today: Wall Street rises ahead of a highly anticipated jobs report
NEW YORK (AP) — Wall Street closed higher following its first three-day losing streak since Halloween. The S&P 500 rose 0.8% Thursday and continued to hang near its highest level since March 2022. The Dow Jones Industrial Average rose 0.
Dec 7, 2023 1:06 PM
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Surge in newcomers putting pressure on inflation via housing demand: BoC official
OTTAWA — The recent surge in newcomers is adding to inflation through housing demand, a senior Bank of Canada official said Thursday, warning rental and home prices could continue to rise without a boost to housing supply.
Dec 7, 2023 12:10 PM
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Financial intelligence agency levies $1.3 million penalty against CIBC
TORONTO — Canada's financial intelligence agency says it has levied a $1.3-million penalty against CIBC for non-compliance with money laundering and terrorist financing measures. The penalty, imposed on Oct.
Dec 7, 2023 11:27 AM
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Major retailers must sign grocery code of conduct, federal agriculture minister says
Federal Agriculture Minister Lawrence MacAulay wouldn't rule out the possibility of provincial or federal government intervention if the grocery code of conduct doesn't have every major retailer on board.
Dec 7, 2023 10:52 AM
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Roughly half of first-time buyers likely to use first home savings account: BMO poll
TORONTO — A new survey suggests a little more than half of potential first-time homebuyers are interested in using a first home savings account, even though they don't know much about it.
Dec 7, 2023 9:01 AM
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CP NewsAlert: Oil, gas emissions to be cut by at least one-third by 2030
OTTAWA — Environment Minister Steven Guilbeault says the oil and gas industry will have to cut emissions by at least one-third by 2030.
Dec 7, 2023 7:01 AM
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Holiday budget planning should include more than gifts you're planning on giving
OTTAWA — A holiday spending plan is always a good idea, but as inflation pushes the cost of everything up and higher interest rates squeeze households, a budget is more important than ever.
Dec 7, 2023 7:00 AM
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Filings for jobless claims tick up modestly, continuing claims fall
U.S. applications for jobless benefits ticked up last week, but the overall number of people in the U.S. collecting unemployment benefits fell after hitting its highest level in two years last week.
Dec 7, 2023 5:55 AM
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