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Umicore suspends construction of $2.76B battery materials plant in Ontario
Umicore says it has halted spending on a $2.76-billion battery materials plant in eastern Ontario. The global materials company says it made the decision because of scaled-back expectations for growth in the electric vehicle market.
Jul 26, 2024 7:13 PM
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S&P/TSX composite index closes up along with U.S. markets Friday
TORONTO — Widespread gains helped push Canada's main stock index higher Friday, while U.S. stock markets also rose after an encouraging U.S. inflation report.
Jul 26, 2024 4:58 PM
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Postmedia plans to buy Atlantic Canada's insolvent SaltWire newspaper chain
HALIFAX — Postmedia Network Inc. has announced plans to buy "certain businesses" belonging to SaltWire Network Inc. and The Halifax Herald Ltd., the two insolvent media companies behind Atlantic Canada’s largest newspaper chain.
Jul 26, 2024 4:34 PM
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Jasper fires could cost insurance industry $700 million: DBRS estimate
The Jasper wildfires could cost the insurance industry up to $700 million, making it one of the most expensive wildfire disasters in Canadian history, DBRS Morningstar said Friday.
Jul 26, 2024 4:27 PM
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Nova Scotia generated $144M surplus last fiscal year; budget predicted $279M deficit
HALIFAX — As the Nova Scotia government announced it ended the last fiscal year with a surplus of nearly $144 million, opposition parties called for changes to spending practices that allow the governing party to approve extra spending without oversi
Jul 26, 2024 4:10 PM
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Stock market today: Most of Wall Street leaps in a widespread rally, from big stocks to small
NEW YORK (AP) — Wall Street rallied following encouraging reports on inflation and on profits at 3M and other big U.S. companies. The S&P 500 rose 1.1% for its best day in seven weeks. The Dow Jones Industrial Average jumped 1.
Jul 26, 2024 4:08 PM
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MEG Energy announces dividend as it reaps Trans Mountain expansion benefits
CALGARY — MEG Energy announced a quarterly dividend of 10 cents per share as it reported earnings of $136 million, saying a successful start-up of the Trans Mountain pipeline expansion has helped generate better prices for its oil.
Jul 26, 2024 3:30 PM
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MEG Energy workers returning to oilsands site after wildfire evacuation
CALGARY — MEG Energy Corp. has started bringing workers back to its Christina Lake oilsands site after evacuating all non-essential personnel last week due to wildfires in northern Alberta.
Jul 26, 2024 3:12 PM
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Lululemon pauses sales of Breezethrough after consumers say line is 'unflattering'
VANCOUVER — Lululemon Athletica Inc. says it is pausing sales of one of its new product lines that have generated complaints from consumers.
Jul 26, 2024 2:28 PM
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Scotiabank says technical issues disrupting salary payments is fixed
TORONTO — Scotiabank says it has fixed an issue that caused some account holders not to receive their pay and other deposits Friday.
Jul 26, 2024 2:17 PM
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