The increasingly likely prospect of a Donald Trump presidency roiled North American futures markets and sent Asian stocks and oil prices tumbling in Wednesday trading, setting up what was likely to be a rough ride for investors in Canada, where energy and commodity prices are key.
Finance Minister Bill Morneau says the country is on track to pile another $31.8 billion onto the national debt over the next five years largely due to the “new norm” of slower economic growth — even as he announced the creation of a new infrastructure bank meant to counteract the slump.
Veteran Canadian businessman Paul Godfrey will remain at the helm of Canada’s largest newspaper company until the end of 2020, after the board of Postmedia Network Inc. extended his contract by two years on Tuesday.
CALGARY — WestJet Airlines Ltd. says it has just completed the second-highest quarterly profit in its history, despite the economic downturn in its home province.
Thomson Reuters says it’s eliminating 2,000 positions around the world as it speeds up efforts to streamline and simplify its global information services organization.
Suncor Energy (TSX:SU) will sell the Petro-Canada lubricants business for $1.125 billion to a Texas-based company under a proposed deal announced Monday.
Canadian Imperial Bank of Commerce has agreed to compensate clients a total of $73.3 million after collecting excess fees for certain mutual funds and investment services over 14 years.
The Bank of Canada and the federal government said Monday they have renewed their inflation target agreement for another five years in an effort to foster price stability and sustainable economic growth.
AT&T; is buying Time Warner, owner of the Warner Bros. movie studio as well as HBO and CNN, for $85.4 billion in a deal that could shake up the media landscape.
A second large wave of job cuts is hitting Bombardier workers in less than a year as another 7,500 positions are to be eliminated around the world through the end of 2018.