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What to know about inflation and Bank of Canada rate hikes
OTTAWA — The Bank of Canada announced another hike to its key policy rate of half a percentage point, in an attempt to rein in decades-high inflation rates while facing stalled economic growth.
Oct 26, 2022 1:32 PM
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Crescent Point Energy reports Q3 profit up from year ago, announces special dividend
CALGARY — Crescent Point Energy Corp. announced a special dividend for shareholders Wednesday, as continued high oil prices helped the Calgary-based oil and gas company deliver a five-fold increase in profits in its third quarter.
Oct 26, 2022 12:52 PM
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Bank of Canada slows pace of rate hikes but Macklem warns more to come
OTTAWA — The Bank of Canada signalled it is drawing closer to the end of what's been one of the fastest rate hike cycles in its history Wednesday as it raised its key interest rate by a half-percentage point — but made it clear that more rate hikes a
Oct 26, 2022 12:52 PM
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RBC aims to reduce financed emissions by between 11 and 54 per cent by 2030
TORONTO — Royal Bank of Canada outlined Wednesday its climate ambitions for key sectors this decade with targets for lower financed emissions that critics say fall far short of what's needed.
Oct 26, 2022 12:23 PM
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Champagne's conditions on Rogers-Shaw deal generally positive, analysts say
Analysts say new conditions laid out by Industry Minister François-Philippe Champagne Tuesday indicate a willingness to get the proposed $26-billion deal between Rogers Communications Inc. and Shaw Communications Inc. across the finish line.
Oct 26, 2022 11:20 AM
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Saudi oil giant Aramco unveils $1.5B sustainability fund
Saudi oil and gas company Aramco unveiled a $1.5 billion fund on Wednesday for sustainable investments, part of efforts to burnish the state-owned company's green credentials in an announcement ahead of the U.N.
Oct 26, 2022 11:10 AM
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Thai transgender activist buys Miss Universe for $20 million
BANGKOK (AP) — A Thai business tycoon and transgender activist has purchased the Miss Universe Organization for $20 million, her company announced Wednesday. Chakrapong “Anne” Chakrajutathib, who controls JKN Global Group Public Co. Ltd.
Oct 26, 2022 10:40 AM
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Competition Bureau raises concerns about WestJet-Sunwing deal
OTTAWA — The federal Competition Bureau has raised significant concerns about WestJet Airlines Ltd.
Oct 26, 2022 10:07 AM
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Renewing your mortgage as the Bank of Canada continues to hike interest rates
If your mortgage is up for renewalin the coming months, you may be beginning to panic at the prospect of paying more to finance your home as the Bank of Canada continues its interest rate hiking cycle.
Oct 26, 2022 9:17 AM
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The Bank of Canada has raised rates again. Here's a timeline of how we got here
OTTAWA — The Bank of Canada hiked its key interest rate yet again on Wednesday morning, bringing it to 3.75 per cent and continuing one of the fastest monetary policy tightening cycles in its history amid warning signs of a potential recession.
Oct 26, 2022 8:30 AM
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