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National Business
Activist investor wants Parkland to sell or spin off Burnaby refinery
CALGARY — A U.S. activist investor has set its sights on Calgary-based Parkland Corp., urging the fuel retailer to consider selling or spinning off its Burnaby, B.C., refinery.
Mar 22, 2023 5:29 PM
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Liberals introduce legislation to create a corporate ownership registry
OTTAWA — The federal Liberals are moving ahead with plans to create an ownership registry after promising to increase transparency about who owns and controls corporations.
Mar 22, 2023 5:03 PM
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Fed raises key rate by quarter-point despite bank turmoil
WASHINGTON (AP) — The Federal Reserve extended its year-long fight against high inflation Wednesday by raising its key interest rate by a quarter-point despite concerns that higher borrowing rates could worsen the turmoil that has gripped the banking
Mar 22, 2023 4:51 PM
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Lynx Air announces summer service between Toronto and Kelowna, Hamilton and Vancouver
CALGARY — Budget airline Lynx Air announced it's launching two new routes for the summer, one from Hamilton to Vancouver and one from Toronto to Kelowna, B.C.
Mar 22, 2023 3:54 PM
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Field Trip Health & Wellness enters creditor protection, lays off staff
TORONTO — Field Trip Health & Wellness Ltd. says it has entered creditor protection and is exploring a sale of its business.
Mar 22, 2023 3:53 PM
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Most actively traded companies on the Toronto Stock Exchange
TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (19,532.78, down 122.14): Crescent Point Energy Corp. (TSX:CPG). Energy. Up 28 cents, or 3.18 per cent, to $9.08 on 11.
Mar 22, 2023 3:45 PM
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Manitoba to raise minimum wage to $15.30 in October under inflation-tied formula
WINNIPEG — Manitoba's minimum wage is to rise to $15.30 an hour on Oct. 1 to help low-income earners deal with the rising cost of living, the provincial government announced Wednesday.
Mar 22, 2023 3:38 PM
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Paying down debt, money for health care: Highlights from the Saskatchewan budget
REGINA — Saskatchewan Finance Minister Donna Harpauer tabled the province's 2023-24 budget on Wednesday. Here are some of the highlights: -- Forecast surplus of nearly $1 billion, with almost all going to pay down debt.
Mar 22, 2023 3:29 PM
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S&P/TSX composite, U.S. markets down Wednesday after Federal Reserve hike
TORONTO — Markets in Canada and the U.S. sank in the last hour of trading Wednesday, with U.S. markets down around 1.6 per cent after the Federal Reserve hiked interest rates.
Mar 22, 2023 3:08 PM
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Stocks fall, bond yields tumble after Fed's latest rate hike
NEW YORK (AP) — Stocks fell sharply Wednesday after the Federal Reserve indicated the end may be near for its economy-crunching hikes to interest rates, but it also doesn’t expect to cut rates anytime soon despite Wall Street’s hopes.
Mar 22, 2023 2:44 PM
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