Skip to content

National Business

RBC raises competition concerns as it strikes deal to buy HSBC Canada for $13.5B

RBC raises competition concerns as it strikes deal to buy HSBC Canada for $13.5B

TORONTO — Royal Bank of Canada has struck a deal to pay $13.5 billion in cash to swallow up HSBC Bank Canada, the seventh largest bank in the country by assets and — since the Big Six banks are largely untouchable — the biggest takeover prize around.
Bank of Canada lost $522 million in third quarter, marking first loss in its history

Bank of Canada lost $522 million in third quarter, marking first loss in its history

OTTAWA — The Bank of Canada lost $522 million in the third quarter of this year, marking the first loss in its 87-year history.
TC Energy expects cost of Coastal GasLink pipeline project to rise

TC Energy expects cost of Coastal GasLink pipeline project to rise

CALGARY — TC Energy Corp. is expecting what it calls a "material increase" in the cost of its Coastal GasLink pipeline project.
Suncor to keep Petro-Canada retail business after comprehensive review of business

Suncor to keep Petro-Canada retail business after comprehensive review of business

Suncor Energy Inc. has decided to keep its Petro-Canada retail business, the company announced Tuesday, after a comprehensive review concluded Suncor was unlikely to receive the price it wanted for the chain.
'Strong position': Saskatchewan's bottom line stable, government posts $1.1B surplus

'Strong position': Saskatchewan's bottom line stable, government posts $1.1B surplus

REGINA — Saskatchewan's bank account remains relatively unchanged while its bottom line continues to be affected by Russia's invasion of Ukraine, global supply shortages and rising inflation. The province is reporting a $1.

75% of U.S. owners of Cdn. rec properties bought after foreign buyer ban: survey

TORONTO — A new report from Royal LePage shows 75 per cent of U.S. citizens living in border towns and owning recreational properties in Canada made their purchase after the federal government announced its forthcoming foreign buyer ban.
Canadian home prices expected to fall 3.3% in 2023: Re/Max report

Canadian home prices expected to fall 3.3% in 2023: Re/Max report

TORONTO — A new report predicts average home sale prices in Canada will fall 3.3 per cent next year with the biggest declines expected in Ontario and Western Canada where some markets may see prices fall 10 to 15 per cent.
Competitors chip away at Tesla's U.S. electric vehicle share

Competitors chip away at Tesla's U.S. electric vehicle share

DETROIT (AP) — New electric vehicle models from multiple automakers are starting to chip away at Tesla's dominance of the U.S. EV market, according to national vehicle registration data.
Economists see underlying signs of weakening in third quarter GDP numbers

Economists see underlying signs of weakening in third quarter GDP numbers

OTTAWA — Canada saw stronger than expected economic growth in the third quarter, but economists warn the underlying numbers don't paint such a positive picture. Statistics Canada said Tuesday the economy grew at an annualized rate of 2.
Canadians relied on credit more in Q3 as inflation persisted

Canadians relied on credit more in Q3 as inflation persisted

TORONTO — New data from TransUnion shows Canadians leaned on credit cards and other forms of debt more in the third quarter as high inflation persisted. TransUnion says 27.9 million Canadians held a combined outstanding balance of $2.
push icon
Be the first to read breaking stories. Enable push notifications on your device. Disable anytime.
No thanks