Category: Money

The fossil fuel industry is increasingly under the microscope for its contribution to climate change, but the president of British oil giant Shell’s Canadian subsidiary says oil and gas companies can’t be held solely responsible for the pace of the global energy transition. Shell Canada president Susannah Pierce made the comments Thursday in an interview […]

By Staff The Canadian Press Posted September 15, 2023 11:53 am Descrease article font size Increase article font size Canada’s main stock index was little changed in midday trading Friday, while U.S. markets traded lower, led by losses in tech. The S&P/TSX composite index was up 1.43 points at 20,569.27. In New York, the Dow […]

Prospective homebuyers had “more choice” in Canada’s housing market in August as a rise in new listings met a slowdown in activity, according to the national real estate association. Home sales fell 4.1 per cent between July and August, the Canadian Real Estate Association (CREA) said Friday. Slowdowns in the Greater Vancouver Area, the Fraser […]

The federal government is summoning the heads of Canada’s major grocery chains to Ottawa this fall to begin discussions on a plan to lower food costs for Canadians, as inflation continues to impact grocery bills. The companies are being tasked with coming up with a plan to stabilize prices by Thanksgiving, Prime Minister Justin Trudeau said […]

Descrease article font size Increase article font size Laurentian Bank has completed its review of strategic options without a deal to sell the bank. The Montreal-based bank said Thursday it has decided that its best path forward to drive shareholder value is an accelerated evolution of its current plan with an increased focus on efficiency […]

Descrease article font size Increase article font size Empire Co. Ltd. says it earned $261.0 million in its latest quarter, up from $187.5 million in the same quarter last year, boosted by the sale of its 56 gas stations in Western Canada to Shell Canada. The grocer, which owns Sobeys, Safeway and other banners, says […]

A wave of top executive departures marks the latest worrying chapter in the story of Indigo Books & Music Inc., which analysts say faces a cooling economy — and a bit of an identity crisis — heading into the fall. Indigo announced the sudden departure of CEO Peter Ruis last week after just a year […]

Higher interest rates are putting Canadians off borrowing, Statistics Canada said Wednesday, while boosts in income are helping to offset higher debt-servicing costs. Statistics Canada says there was $1.81 in credit market debt for every dollar of household disposable income in the second quarter, down from $1.84 in the first three months of 2023. Household […]

Edmonton soccer darling Alphonso Davies has been crowned the most influential Canadian sport star, based on Instagram statistics, including number of followers and engagement. Davies plays for Bayern Munich and the Canadian national team. The study, conducted by online gambling company PlayOJO, ranked the top 10 Canadian sports stars. Davies, 22, has over 5.4 million […]

Apple debuted a new Series 9 Watch with a more powerful processor on Tuesday ahead of an expected announcement about the iPhone 15 with new charging ports and better cameras – and possibly higher prices for top models. Apple also introduced a new feature to the Series 9 watches called “double tap” where users tap […]