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S&P/TSX composite posts loss Wednesday despite energy gains, U.S. markets also lower
TORONTO — Losses in technology and battery metals helped lead Canada's main stock index lower despite gains in energy Wednesday, while U.S. markets were also down.
Jun 21, 2023 4:44 PM
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Amazon is accused of enrolling consumers into Prime without consent and making it hard to cancel
NEW YORK (AP) — Amazon was sued Wednesday by the Federal Trade Commission for allegedly engaging in a yearslong effort to enroll consumers without consent into Amazon Prime and making it difficult for them to cancel their subscriptions.
Jun 21, 2023 4:38 PM
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CPA Canada says provincial organizations severing ties over governance disagreements
TORONTO — The organization representing chartered professional accountants across Canada said it was blindsided by news that two of its provincial counterparts have decided to part ways with the national body amid disagreements over how best to gover
Jun 21, 2023 4:27 PM
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Stock market today: Falling tech stocks slow Wall Street's rally
NEW YORK (AP) — Tech stocks fell Wednesday, keeping Wall Street mixed and sapping more momentum from its five-week rally. The S&P 500 closed 0.
Jun 21, 2023 4:09 PM
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BoC debated waiting until July to hike rates, but says data prompted it to act sooner
OTTAWA — The Bank of Canada's governing council considered waiting until July to raise interest rates, but ultimately decided to act sooner in the face of hot economic data.
Jun 21, 2023 3:23 PM
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Fed's Powell: More rate hikes are likely this year to fight still-high inflation
WASHINGTON (AP) — With inflation in the United States still excessive, most Federal Reserve officials expect to raise interest rates further this year, Chair Jerome Powell told a House committee Wednesday.
Jun 21, 2023 1:04 PM
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Retail sales grow 1.1 per cent in April as consumer resiliency continues
OTTAWA — Canadian retail sales came in stronger than initially estimated, as analysts say consumers proved resilient amid an economically challenging environment but that momentum is expected to slow. Retail sales rose 1.1 per cent to $65.
Jun 21, 2023 11:44 AM
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Baytex Energy closes Ranger acquisition, significantly increases Texas presence
CALGARY — Baytex Energy Corp. says it has closed its $2.9-billion acquisition of U.S. oil company Ranger Oil Corp. The deal, first announced in February, grows Calgary-based Baytex's presence in the Eagle Ford shale region of south Texas.
Jun 21, 2023 11:40 AM
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Tech, human rights groups call on Ottawa to take action on facial recognition, AI
OTTAWA — A group of technology and human rights organizations are calling on the federal government to take immediate action to address concerns around artificial intelligence and facial recognition technology.
Jun 21, 2023 11:37 AM
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European Union countries agree on a new package of sanctions against Russia over the war in Ukraine
BRUSSELS (AP) — European Union countries on Wednesday agreed on a new package of sanctions against Russia for its war against Ukraine aimed at countering sanctions circumvention through third countries and businesses.
Jun 21, 2023 10:53 AM
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