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Stellantis selling its stake in EV battery plant in Windsor, no job losses expected
Stellantis is selling its 49 per cent stake in Windsor electric vehicle battery plant NextStar to its joint venture partner…
Unemployment rate drops to 6.5% in January despite 25,000 job losses: StatCan
OTTAWA - Statistics Canada says the economy shed 25,000 jobs in January but a drop in the number of people…
Four times as many Toronto homeowners missing mortgage payments: CMHC
The number of Toronto homeowners falling behind on their mortgage payments has more than quadrupled when compared with the same…
Desperate Toronto sellers offering up to $500,000 cash back to off-load condos, realtors say
As the Toronto-area housing market continues to falter, desperate preconstruction condo buyers are offering to pay for someone to take units off their hands.Listings…
Canadian, U.S. markets slide amid risk-off day as precious metal prices decline
TORONTO - Canada’s main stock index plunged on Thursday, while U.S. markets also lost ground amid a defensive rotation.Philip Petursson,…
OpenText reports US$168M in Q2 profit, down 27 per cent from the previous year
WATERLOO - OpenText Corp. says net income was US$168 million during its second quarter, down 27 per cent from the…
Canada must ‘lean into’ economic disruption, BoC’s Macklem urges
Bank of Canada governor Tiff Macklem says businesses ought to “lean into” the forces disrupting the economy or risk failing…
Saputo reports $220M profit in the third quarter, reversing last year's $518M loss
MONTREAL - Saputo Inc. says its net earnings came in at $220 million during the third quarter, up from a…
Cascades announces the closure of 3 plants as part of an exit from certain segments
KINGSEY FALLS - Cascades Inc. says it is discontinuing its honeycomb paperboard and partition packaging product segments, resulting in the…