Business
TD Bank reports Q3 loss as it takes US$2.6B charge on anti-money laundering probe
By Ian Bickis, The Canadian Press on August 22nd, 2024
TORONTO – TD Bank Group swung to a rare loss in its latest quarter as it took a US$2.6-billion charge related to ongoing U.S. investigations into its anti-money laundering program. The charge led to a reported quarterly loss of $181 million, but it also provided clarity on the expected total cost of the investigations after ... Read More »
Be the first to comment!‘I’ll definitely be late’: Commuters upended by Canada railway lockout
By Ritika Dubey and Jordan Omstead, The Canadian Press on August 22nd, 2024
Bewildered commuters were turned away from shuttered rail lines on Thursday as an unprecedented railway lockout upset travel plans for more than 30,000 daily riders in some of Canada’s largest cities. Canadian National Railway Co. and Canadian Pacific Kansas City Ltd. locked out workers after they failed to reach a deal on a new contract ... Read More »
Be the first to comment!Railway work stoppage to weigh on GDP, put pressure on inflation: economists
By The Canadian Press on August 22nd, 2024
TORONTO – Economists say the work stoppage that began last night at Canada’s two major railways will have a significant effect on the country’s economy. Canadian National Railway Co. and Canadian Pacific Kansas City Ltd. locked out their workers after talks broke down with the union, bringing freight trains across the country to a halt. ... Read More »
Be the first to comment!Manitoba government says free prescription birth control will start in October
By The Canadian Press on August 22nd, 2024
WINNIPEG – Manitobans will have access to free prescription birth control starting Oct. 1. The NDP government says that’s the date it will fulfil a promise it made in last year’s election campaign. The plan will cover methods including birth control pills and intrauterine devices and cost an estimated $11 million a year. But it ... Read More »
Be the first to comment!NDP won’t support back-to-work legislation for rail lockout, Singh says
By The Canadian Press on August 22nd, 2024
OTTAWA – NDP Leader Jagmeet Singh says his party will not support back-to-work legislation or any “interference” in the bargaining process after Canada’s two largest railway companies locked out their employees. Canadian National Railway Co. and Canadian Pacific Kansas City Ltd. locked out 9,300 engineers, conductors and yard workers after the two sides failed to ... Read More »
Be the first to comment!Multi-level marketing or pyramid scheme? Look for these red flags before signing up
By Rosa Saba, The Canadian Press on August 22nd, 2024
It’s an attractive proposition – being able to work from home and earn commission on sales, with the flexibility to work as little or as much as you want. That’s the general allure of multi-level marketing companies, or MLMs, especially for Canadians looking for a side hustle to supplement their income or some extra cash ... Read More »
Be the first to comment!Rail companies, union to resume talks as lockout shuts down both major railways
By Christopher Reynolds, The Canadian Press on August 22nd, 2024
MONTREAL – Bargaining between workers and the country’s two largest railways is set to resume Thursday morning after breaking off shortly before midnight – a deadline that left workers locked out by Canadian National Railway and Canadian Pacific Kansas City in their first-ever simultaneous work stoppage. Following months of increasingly bitter negotiations, traffic on the ... Read More »
Be the first to comment!US home sales ended a 4-month slide in July amid easing mortgage rates, more homes on the market
By Alex Veiga, The Associated Press on August 22nd, 2024
LOS ANGELES (AP) – Sales of previously occupied U.S. homes ended a four-month slide in July as easing mortgage rates and a pickup in properties on the market encouraged home shoppers. Existing home sales rose 1.3% last month from June to a seasonally adjusted annual rate of 3.95 million, the National Association of Realtors said ... Read More »
Be the first to comment!Stock market today: Wall Street ticks closer to record heights ahead of a highly anticipated speech
By Stan Choe, The Associated Press on August 22nd, 2024
NEW YORK (AP) – U.S. stocks are ticking higher Thursday as Wall Street counts down to what’s supposed to be the main event of the week, a speech by Federal Reserve Chair Jerome Powell coming on Friday. The S&P 500 was 0.3% higher in early trading, just 0.5% below its all-time high set last month. ... Read More »
Be the first to comment!Stock market today: : Wall Street ticks closer to record high ahead of a highly anticipated speech
By Yuri Kageyama And Matt Ott, The Associated Press on August 22nd, 2024
NEW YORK (AP) – U.S. stocks are ticking higher as Wall Street counts down to a speech by Federal Reserve Chair Jerome Powell on Friday. The S&P 500 was up 0.4% in early trading Thursday. The Dow Jones Industrial Average was up 47 points, or 0.1%, and the Nasdaq composite was up 0.5%. Treasury yields ... Read More »
Be the first to comment!TD Bank reports Q3 loss as it takes charge on anti-money laundering probe
By The Canadian Press on August 22nd, 2024
TORONTO – TD Bank Group reported a loss of $181 million in its latest quarter as it was hit by a charge related to ongoing U.S. investigations into its anti-money laundering program. The big bank said Thursday its loss amounted to 14 cents per diluted share for the quarter ended July 31. The result compared ... Read More »
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