News

TORONTO — Canada's main stock index gained more than 100 points Wednesday, led by strength in utilities and base metals, while U.S. markets also rose and the Dow Jones hit a record high.

Tuesday’s lower-than-expected inflation report means that quicker and steeper interest rate cuts are expected from the Canadian central bank

NEW YORK (AP) — U.S. stocks rose following better-than-expected profit reports from Morgan Stanley, United Airlines and other big companies. The S&P 500 climbed 0.

The head of Dairy Farmers of Canada said dumping milk was only done 'as a last resort.'

The 257 area code will be launched to increase the supply of phone numbers in the province

New entrants like Canada may have advantage meeting longer term demand

OTTAWA — The Canada Revenue Agency says it has terminated 330 employees for inappropriately receiving the Canada Emergency Response Benefit during the pandemic, giving its final update on an internal review.

BURNABY, B.C. — Interfor Corp. is selling its three manufacturing facilities in Quebec and closing its corporate office in Montreal as the lumber producer plans to leave the province and focus on other parts of the company.

OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts in September was up five per cent compared with August.

OTTAWA — Statistics Canada says the level of food insecurity increased in 2022 as inflation hit peak levels. In a report using data from the Canadian community health survey, the agency says 15.