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News
Transat secures $250-million bailout loan from feds as fuel costs slam bottom line
3+ day, 17+ 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…...
TSX up over 250 points on basic materials strength, U.S. markets also positive
1+ week, 4+ 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, 5+ 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…...
TSX gains ground despite new U.S. tariffs, markets south of the border mixed
2+ week, 6+ 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
3+ week, 50+ min 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…...
Trump boasts Keystone XL as trade talk win. It's not clear it was ever off the table.
3+ week, 4+ day ago (752+ words) OTTAWA — U.S. President Donald Trump boasted Tuesday about reviving the Keystone XL pipeline project, touting it as a win in trade negotiations with Canada. "The great Keystone XL Pipeline, long ago killed by Sleepy Joe Biden, may be awoken from…...