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News
Transat secures $250-million bailout loan from feds as fuel costs slam bottom line
2+ day, 19+ hour ago (813+ words) MONTREAL — Transat A.T. Inc. has secured an additional $250 million in federal aid after high fuel costs drove it further into the red last quarter, as the travel company struggles to boost fares without losing customers. The new low-interest line of…...
Ottawa extending gas tax holiday to January
1+ week, 3+ day ago (747+ words) OTTAWA — The federal government is extending the suspension of federal fuel excise taxes until the new year to help Canadians feeling the pressure from higher energy costs caused by instability in the Middle East. "For Canada, it means practical relief…...
TSX up over 250 points on basic materials strength, U.S. markets also positive
1+ week, 3+ day ago (473+ words) TORONTO — Canada's main stock index rose more than 250 points Wednesday, helped by strength in the basic materials sector, while U.S. markets also gained ground. The S&P/TSX composite index was up 265.88 points at 36,091.61. Canadian investors kept a close eye…...
Bank of Canada set to make 6th interest rate decision of the year
1+ week, 4+ day ago (162+ words) OTTAWA — The Bank of Canada is set to make its sixth interest rate decision of the year this morning. Most economists and financial markets favour another rate hold from the central bank today. The Bank of Canada has held its…...
Canada's inflation jumps to 3% on surging gas prices, but the Bank of Canada is expected to hold rates steady
1+ week, 4+ day ago (523+ words) Rising energy costs and travel expenses pushed Canada's annual inflation rate up to 3.0% in July, putting central bank policymakers in a challenging position ahead of their interest rate decision on Wednesday. The acceleration from June's 2.8% rate brings headline inflation to…...
TSX gains ground despite new U.S. tariffs, markets south of the border mixed
2+ week, 5+ day ago (502+ words) TORONTO — Canada's main stock index finished in positive territory Monday despite new U.S. tariffs. "You're seeing industrials for example in Canada are struggling. Autos across the board are down quite a bit, both Canada and the U.S., but gold is…...
Bank of Canada's Sept. 2 rate call could mark sixth straight hold at 2.25% — and mortgage holders need a plan
2+ week, 6+ day ago (774+ words) Canadian mortgage holders and prospective homebuyers are looking ahead to September 2, when the Bank of Canada will issue its next interest rate decision. If central bank policymakers maintain the status quo, it will mark the sixth consecutive announcement in which…...
S&P/TSX composite down nearly 300 points as deadline for 50% tariffs from U.S. nears
3+ week, 4+ day ago (506+ words) TORONTO — Canada's main stock index lost ground on Tuesday as the midnight deadline neared for the U.S. to impose a 50 per cent tariff on some $28-billion worth of Canadian goods. Canada-U.S. Trade Minister Dominic LeBlanc and the country's chief…...