Daily News

Loans beginning to sour as rising interest and vacancy rates erode value of office towersThe troubles in the United States commercial property market, which have already hit banks in New York and Japan, moved to Europe this week, elevating fears about broade...

  The world’s biggest bond market rebounded, with traders gearing up for a record US$42 billion sale of 10-year Treasuries after a solid start to this week’s ramped-up issuance sizes. Following a selloff that drove two-year yields to their highest since...

Snap Inc. reported disappointing revenue in the holiday quarter as the company continues to reel from a slump in the digital advertising market. The shares tumbled almost 30 per cent in extended trading. In the fourth quarter, revenue increased 5 per cent...

Strength in base metal stocks helped lead modest but broad-based gains on Canada's main stock index, while U.S. markets ticked higher. The S&P/TSX Composite Index closed up 85.85 points, or 0.41 per cent, at 20,957.74. In New York, the Dow Jones Industr...

Brian Madden, chief investment officer, First Avenue Investment Counsel FOCUS: North American equities  MARKET OUTLOOK: Half of U.S. companies have reported fourth-quarter earnings. For the overall S&P 500 Index, generally, profits have been coming...

Algoma Steel Group Inc. reported a net loss of $84.8 million in its third quarter, compared with a net loss of $69.8 million a year earlier. The Sault Ste. Marie, Ont.-based company says revenue totalled $615.4 million, up from $567.8 million during the sa...

This is an account of the deliberations of the Bank of Canada’s Governing Council leading to the monetary policy decision on January 24, 2024. This summary reflects...

Lawmakers told they should prioritize the grocery code of conductAccusations of profiteering in the Canadian grocery industry are unfounded and unsubstantiated, witnesses told a House of Commons committee studying food prices on Tuesday. We apologize,...

Higher penalty needed to deter bad behaviour Howard Levitt and Rob Lilly  In the fall, we wrote about the largest punitive damages award against a disability insurer in Canadian history. In Sara Baker v. Blue Cross Life Insurance Company of Canada, the jury...

It's going to take a 'short and shallow recession' to get back on track, says economist We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Sorry Canada, this kind of...