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S&P/TSX composite ends trading day down more than 150 points, U.S. markets also lower

S&P/TSX composite ends trading day down more than 150 points, U.S. markets also lower

TORONTO — North American markets ended the trading day in the red, with sa¹ú¼Ê´«Ã½'s main stock index down more than 150 points and U.S. stock markets also lower. The S&P/TSX composite index was down 165.98 points at 19,560.
BMO Capital Markets cutting jobs amid challenging market conditions

BMO Capital Markets cutting jobs amid challenging market conditions

TORONTO — Bank of Montreal is cutting jobs in its capital markets division. Spokesperson Kelly Hechler confirmed the job cuts to The Canadian Press Thursday. No additional details were provided on the number of staff or specific roles affected.
Stocks fall, indexes slip deeper into the red for the week

Stocks fall, indexes slip deeper into the red for the week

NEW YORK — Stocks closed lower on Wall Street, putting major indexes deeper in the red for the week. The S&P 500 fell 1.1% on Thursday.
Grocery store inflation may have peaked as food supplier cost increases ease: Sobeys

Grocery store inflation may have peaked as food supplier cost increases ease: Sobeys

Grocery store inflation may have peaked in sa¹ú¼Ê´«Ã½ as price increases from food manufacturers stabilize, the head of Empire Company Ltd. said Thursday.
Air sa¹ú¼Ê´«Ã½ signs deal to buy 30 electric-hybrid aircraft from Heart Aerospace

Air sa¹ú¼Ê´«Ã½ signs deal to buy 30 electric-hybrid aircraft from Heart Aerospace

Air sa¹ú¼Ê´«Ã½ has signed a deal to buy 30 electric-hybrid aircraft currently under development by a Swedish company.
GM plans $491M Indiana plant upgrade to help support EVs

GM plans $491M Indiana plant upgrade to help support EVs

DETROIT (AP) — General Motors said Thursday it will spend $491 million to expand and upgrade an Indiana metal stamping plant for production of steel and aluminum stamped parts for “future vehicles," including electric vehicles.
Canadian home prices will fall with fewer sales expected in 2022: CREA

Canadian home prices will fall with fewer sales expected in 2022: CREA

The Canadian Real Estate Association (CREA) is cutting its forecast for home sales this year and lowering its expectations for price growth as some of the country's hottest markets cool from their pandemic highs.
Chorus Aviation announces new president and CEO as Joseph Randell retires

Chorus Aviation announces new president and CEO as Joseph Randell retires

HALIFAX — Chorus Aviation Inc.’s board of directors has announced a new president and CEO. The company's founder, Joseph Randell announced his plan to retire in a news release Wednesday following a 37-year career in the regional aviation sector.
'Now 15 per cent is rude:' Tipping fatigue hits customers as requests rise

'Now 15 per cent is rude:' Tipping fatigue hits customers as requests rise

The tipping point for Caitlin Green came when she was buying infant formula. "I was asked to tip for an online order of baby formula," said Green, a new mom and radio announcer in Toronto. "I wasn't using Instacart or tipping someone for delivery.
'You're on your own:' Working parents scrambling after schools closed to honour Queen

'You're on your own:' Working parents scrambling after schools closed to honour Queen

Workers are scrambling to find last-minute child care across much of sa¹ú¼Ê´«Ã½ after governments announced the sudden closure of schools to mourn Queen Elizabeth.