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BoC debated waiting until July to hike rates, but says data prompted it to act sooner
OTTAWA — The Bank of Canada's governing council considered waiting until July to raise interest rates, but ultimately decided to act sooner in the face of hot economic data.
Jun 21, 2023 3:23 PM
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Fed's Powell: More rate hikes are likely this year to fight still-high inflation
WASHINGTON (AP) — With inflation in the United States still excessive, most Federal Reserve officials expect to raise interest rates further this year, Chair Jerome Powell told a House committee Wednesday.
Jun 21, 2023 1:04 PM
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Retail sales grow 1.1 per cent in April as consumer resiliency continues
OTTAWA — Canadian retail sales came in stronger than initially estimated, as analysts say consumers proved resilient amid an economically challenging environment but that momentum is expected to slow. Retail sales rose 1.1 per cent to $65.
Jun 21, 2023 11:44 AM
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Baytex Energy closes Ranger acquisition, significantly increases Texas presence
CALGARY — Baytex Energy Corp. says it has closed its $2.9-billion acquisition of U.S. oil company Ranger Oil Corp. The deal, first announced in February, grows Calgary-based Baytex's presence in the Eagle Ford shale region of south Texas.
Jun 21, 2023 11:40 AM
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Tech, human rights groups call on Ottawa to take action on facial recognition, AI
OTTAWA — A group of technology and human rights organizations are calling on the federal government to take immediate action to address concerns around artificial intelligence and facial recognition technology.
Jun 21, 2023 11:37 AM
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European Union countries agree on a new package of sanctions against Russia over the war in Ukraine
BRUSSELS (AP) — European Union countries on Wednesday agreed on a new package of sanctions against Russia for its war against Ukraine aimed at countering sanctions circumvention through third countries and businesses.
Jun 21, 2023 10:53 AM
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Allied Properties selling Toronto data centre portfolio for $1.35 billion
TORONTO — Allied Properties Real Estate Investment Trust says it has signed a deal to sell its urban data centre portfolio in downtown Toronto to Japanese telecommunications company KDDI Corp. for $1.35 billion.
Jun 21, 2023 8:09 AM
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Ottawa aims to shed more light on how well airports are working as travel ramps up
The federal government moved this week to bolster accountability at airports, introducing new legislation that would compel them and other operators to cough up more information on their performance.
Jun 20, 2023 8:31 PM
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CPA Quebec, Ontario bodies sever ties with national organization
TORONTO — An apparent rift among the organizations representing chartered professional accountants in Canada became public when two provincial groups said they are severing ties with their national counterpart.
Jun 20, 2023 7:26 PM
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Most actively traded companies on the Toronto Stock Exchange
TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (19,754.14, down 180.07): Canadian Imperial Bank of Commerce. (TSX:CM). Finance. Down $1.22, or 2.09 per cent, to $57.14 on 12.
Jun 20, 2023 4:43 PM
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