Business
Laurentian selling assets in retail investment broker division to iA Private Wealth
By The Canadian Press on April 4th, 2024
MONTREAL – Laurentian Bank has reached a deal to sell the assets of its retail full-service investment broker division to iA Private Wealth Inc. The bank says the transaction includes the transfer of about $2 billion in assets under administration from Laurentian Bank Securities to iA Private Wealth, a subsidiary of iA Financial Group. Laurentian ... Read More »
Be the first to comment!Markets turn red after Fed official questions need to cut interest rates this year
By Rosa Saba, The Canadian Press on April 4th, 2024
TORONTO – Canada and U.S. markets ended the trading day in the red, reversing course mid-afternoon after spending the majority of the day higher. While Canada’s main stock index finished the day just mildly lower on Thursday, U.S. stock markets backslid much more steeply, with the Nasdaq and the Dow losing 1.4 per cent and ... Read More »
Be the first to comment!S&P/TSX composite posts small loss as U.S. stock markets turn negative mid-afternoon
By The Canadian Press on April 4th, 2024
TORONTO – Canada’s main stock index moved mildly lower as U.S. stock markets backslid in the afternoon, with all three major indexes losing more than one per cent after being in the green for most of the day. The S&P/TSX composite index closed down 60.67 points at 22,051.79. In New York, the Dow Jones industrial ... Read More »
Be the first to comment!Provincial subsidy for Cape Breton railway line not being renewed: minister
By The Canadian Press on April 4th, 2024
HALIFAX – A $30,000 monthly subsidy intended to preserve a disused Cape Breton rail line will not be renewed by the Nova Scotia government. Economic Development Minister Susan Corkum-Greek says the decision was made after CN Rail acquired a stake in the line that runs across the island from St. Peter’s Junction to Sydney, N.S., ... Read More »
Be the first to comment!Supreme Court won’t hear Ticketmaster, Live Nation ‘ticket bot’ appeal
By The Canadian Press on April 4th, 2024
OTTAWA – The Supreme Court of Canada has dismissed an appeal by Ticketmaster and Live Nation, which face class-action lawsuits in multiple provinces for allegedly profiting from third-party ticket reselling. The case stems from allegations Ticketmaster facilitated mass ticket scalping in breach of its own terms of use and policy, allowing resellers to use automated ... Read More »
Be the first to comment!Home prices could reach peak levels by next year, set new highs in 2026: CMHC report
By Sammy Hudes, The Canadian Press on April 4th, 2024
The Canada Mortgage and Housing Corp. is forecasting home prices could match peak levels seen in early 2022 by next year and reach new highs by 2026. The agency’s latest housing market outlook, released Thursday, says despite an increase in rental housing coming on the market in 2023, supply is not forecast to keep up ... Read More »
Be the first to comment!Dollarama reports increased profit as it attracts budget-conscious customers
By Tara Deschamps, The Canadian Press on April 4th, 2024
Dollarama Inc.’s new chief financial officer says shrinkage – a metric the company uses to track inventory lost through theft, damage and fraud – has increased but is showing signs of plateauing. Patrick Bui would not provide numbers to analysts on a Thursday conference call asking how prevalent shrinkage was in comparison to prior years ... Read More »
Be the first to comment!Free blue checks are back for some accounts on Elon Musk’s X. Not everyone is happy about it
By Wyatte Grantham-philips, The Associated Press on April 4th, 2024
NEW YORK (AP) – Elon Musk’s X, the platform formerly known as Twitter, has begun restoring complimentary blue checks for some of its users, the latest unexpected shift to cause a lot of confusion on the platform. For years, Twitter’s blue checks mirrored verification badges that are common on social media, largely reserved for celebrities, ... Read More »
Be the first to comment!Spring storm knocks out power to tens of thousands across Quebec, Ontario
By The Canadian Press on April 4th, 2024
A spring storm across Quebec and Ontario on Thursday knocked out power to tens of thousands of customers, closed schools and blanketed the Montreal area with heavy, wet snow. In Quebec, more than 220,000 homes and businesses had no electricity just after noon. The province’s power utility said the affected area ranged from Gatineau, Que., ... Read More »
Be the first to comment!Crypto-trading platform Coinbase secures registration licence in Canada
By The Canadian Press on April 4th, 2024
TORONTO – Canadian regulators have cleared crypto-trading platform Coinbase to do business in the country as a restricted dealer. Coinbase says it means they’re the first international and largest cryptocurrency exchange to be registered in Canada. The registration, making it 15th to reach the status, follows Coinbase’s signing on to pre-registration commitments in March 2023, ... Read More »
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