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National Business
N.L. budget forecasts $351-million deficit, drop in oil revenues
ST. JOHN'S, N.L. — Newfoundland and Labrador forecast a $351-million deficit in its budget tabled on Thursday, projecting a significant drop in oil royalties for the 2022-23 fiscal year at a time when oil prices are skyrocketing.
Apr 7, 2022 2:59 PM
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S&P/TSX composite reverses early losses to edge higher ahead of budget release
TORONTO — Canada's main stock index reversed early losses to edge higher Thursday as the materials and energy sectors strengthened ahead of the afternoon release of the federal budget. The S&P/TSX composite index closed up 46.29 points to 21,834.
Apr 7, 2022 2:48 PM
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RBC CEO says 'orderly transition' to net-zero crucial amid criticism of climate plan
TORONTO — Royal Bank of Canada's chief executive officer said Thursday that an "orderly transition" to a net-zero economy is crucial, as he faced questions about the bank's climate strategy and ongoing financing of fossil fuels during its annual shar
Apr 7, 2022 2:25 PM
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Lynx Air launches maiden voyage, joining the low-cost carrier dogfight
Lynx Air made its inaugural flight Thursday, marking the latest entrant into Canada's increasingly crowded budget airline market.
Apr 7, 2022 2:17 PM
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Manhattan DA: Trump criminal investigation is continuing
NEW YORK (AP) — Refuting suggestions that he’s lost interest in going after Donald Trump, Manhattan District Attorney Alvin Bragg said Thursday a criminal investigation into the former president and his business practices is continuing “without fear
Apr 7, 2022 12:33 PM
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Congress votes to suspend Russia trade status, enact oil ban
WASHINGTON (AP) — Congress voted overwhelmingly Thursday to suspend normal trade relations with Russia and ban the importation of its oil, ratcheting up the U.S. response to Russia's invasion of Ukraine amid reports of atrocities.
Apr 7, 2022 12:18 PM
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Corus lands largest U.S. market distribution deal ever with streaming service Hulu
TORONTO — Canadian media company Corus Entertainment Inc. has landed its largest U.S. distribution deal ever with subscription streaming service Hulu.
Apr 7, 2022 12:12 PM
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Roots caps strong year with profits rising 47 per cent to $18.1 million in Q4
TORONTO — Roots Corp. beat expectations as it capped a strong 2021 with net profits increasing 47 per cent in the fourth quarter. The Toronto-based clothing retailer says it earned $18.
Apr 7, 2022 10:35 AM
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Recession signal from bond yield inversions could prompt portfolio rebalance: Experts
TORONTO — Talk of an upcoming recession is raising angst after a closely watched indicator flashed a warning sign, but experts say it could be a needed spark for investors to take a more active look at their portfolios.
Apr 7, 2022 10:03 AM
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Richelieu Hardware reports first-quarter profit and sales up from year ago
MONTREAL — Richelieu Hardware Ltd. posted a higher profit in its latest quarter amid a sharp rise in sales as the company added three new acquisitions to its network.
Apr 7, 2022 8:26 AM
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