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National Business
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Auto sales rise 5.6% in August but DesRosiers says growth set to slow
TORONTO — DesRosiers Automotive Consultants says August auto sales were up 5.6 per cent compared with the same time last year but predicts sales gains will be tougher to come by in the coming months.
Sep 5, 2024 9:19 AM
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First Majestic to buy Gatos Silver in all-stock deal valued at US$970M
VANCOUVER — First Majestic Silver Corp. has signed a deal to buy Gatos Silver Inc. in a transaction valued at US$970 million. Under the agreement, Gatos shareholders will receive 2.55 shares of First Majestic for each Gatos share held.
Sep 5, 2024 8:03 AM
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Variable mortgage rates regaining traction as Bank of Canada cuts rates
OTTAWA — The decision by the Bank of Canada to cut its key interest rate target this week was good news for borrowers with variable-rate mortgages, bringing back some of the shine for the once popular loans.
Sep 5, 2024 8:00 AM
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Applications for US jobless benefits fall to 2-month low as layoffs remain at healthy levels
The number of Americans filing for unemployment benefits fell to its lowest level in two months last week, signaling that layoffs remain relatively low despite other signs of labor market cooling.
Sep 5, 2024 7:13 AM
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Applications for US jobless benefits fall modestly last week as layoffs remain relatively low
The number of Americans filing for unemployment benefits fell last week as layoffs remain relatively low despite other signs of labor market cooling. Jobless claims fell by 5,000 to 227,000 for the week of Aug.
Sep 5, 2024 6:42 AM
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CIBC making changes to senior executive ranks at the bank
TORONTO — CIBC is making changes to its senior executive ranks in a move chief executive Victor Dodig says will broaden the opportunities for a number of the bank's leaders.
Sep 5, 2024 6:21 AM
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Verizonn buying Frontier in $20B deal that helps bolster its fiber network
Verizon is buying Frontier Communications in a $20 billion deal to strengthnen its fiber network. Verizon Communications Inc. said Thursday that the transaction will also help it in the areas of artificial intelligence and the Internet of Things.
Sep 5, 2024 4:29 AM
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Booze can now be sold in Ontario corner stores. Here's what you need to know
Corner stores across Ontario are now legally allowed to sell certain types of alcohol.
Sep 5, 2024 2:00 AM
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Calgary Green Line LRT in political crossfire, as Alberta minister blames NDP leader
CALGARY — Alberta's government says it's pulling $1.53 billion in funding from a massive Calgary Green Line light rail transit project already deep in sunk costs.
Sep 4, 2024 8:19 PM
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HandyDART co-founder backs union in Metro Vancouver transit strike
VANCOUVER — A co-founder of the specialized HandyDART transit system that provides accessible door-to-door service says he supports staff "100 per cent" as their strike in Metro Vancouver continues.
Sep 4, 2024 6:00 PM
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