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National Business
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Canada's top court says it won't hear appeals by Bell and several cable companies
OTTAWA — Canada's top court has decided against hearing a pair of appeals brought to it by Bell Canada, Rogers Communications and a number of cable companies seeking to overturn a CRTC decision that lowered the wholesale rates those companies charge
Feb 25, 2021 12:20 PM
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Canadian small businesses rack up $135 billion in debt to survive pandemic: Report
TORONTO — Canada’s small businesses have collectively taken on $135 billion in debt in an attempt to survive the pandemic, a dizzying amount that could hurt the country's economic recovery, according to a report released Thursday.
Feb 25, 2021 12:18 PM
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Quebec's Caisse posts 7.7-per-cent return in 2020 as real estate underperforms
MONTREAL — The Caisse de depot et placement du Quebec posted a return of 7.7 per cent in 2020, below its benchmark index of 9.2 per cent as the investment fund plans changes to its portfolio in response to the COVID-19 pandemic.
Feb 25, 2021 12:01 PM
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Imperial Oil reports one-billion-barrel drop in bitumen reserves at end of 2020
CALGARY — Imperial Oil Ltd. is cutting one billion barrels from its inventory of oilsands bitumen following a year marked by low oil prices and budget cutting amid the COVID-19 pandemic and a global price war between major oil producers.
Feb 25, 2021 11:44 AM
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B.C. pandemic recovery forecast shows steady economic growth to 2023: Central 1
VANCOUVER — Healthy growth is forecast for British Columbia through 2023 by Central 1, the financial services partner for 250 credit unions across Canada. The Vancouver-based firm predicts growth of 4.2 per cent this year, 4.
Feb 25, 2021 9:38 AM
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Home sales shifting towards pricier housing in several major markets, CMHC says
Buyers are spending more money on home purchases in several major Canadian cities, even as the COVID-19 pandemic causes layoffs and income reductions across the country. The Canada Mortgage and Housing Corp.
Feb 25, 2021 9:27 AM
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OMERS says its portfolio lost 2.7 per cent, net of expenses, in 2020
TORONTO — OMERS says its portfolio lost 2.7 per cent, net of expenses, last year as the COVID-19 pandemic hammered its investments.
Feb 25, 2021 9:03 AM
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CIBC CEO says mortgage market and cash-back credit cards helped in Q1 profit beat
TORONTO — CIBC chief executive Victor Dodig credited the fast-paced mortgage market and new cash-back reward credit cards as factors behind the bank's better-than-expected first-quarter profit growth, as the bank also slashed its provisions for credi
Feb 25, 2021 9:02 AM
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Digital exchange Coinbase takes a step toward going public
Coinbase has filed papers with U.S. regulators to become a publicly traded company as digital currencies continue to march toward mainstream acceptance.
Feb 25, 2021 8:32 AM
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Quebecor reports Q4 profit up from year ago, raises quarterly dividend
MONTREAL — Quebecor Inc. raised its dividend as it reported its fourth-quarter profit rose compared with a year ago. The company said Thursday it will now pay a quarterly dividend of 27.5 cents per share, up from 20 cents.
Feb 25, 2021 7:29 AM
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