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S&P/TSX composite lags U.S. stock markets which rose despite hot inflation

S&P/TSX composite lags U.S. stock markets which rose despite hot inflation

TORONTO — sa¹ú¼Ê´«Ã½'s main stock index moved lower, lagging U.S. markets which rose even though inflation numbers hit a 39-year high.
U.S. government deficit down 17% from same period a year ago

U.S. government deficit down 17% from same period a year ago

WASHINGTON (AP) — The U.S. budget deficit totaled $356.4 billion in the first two months of the budget year, down 17% from the same period a year ago thanks to a sharp jump in government revenues that offset a smaller increase in spending.
Surging inflation is forcing people and businesses to adapt

Surging inflation is forcing people and businesses to adapt

WASHINGTON (AP) — A warehouse worker in Tennessee is running up against price increases that far exceed her modest pay raise. The owner of a pastry business in Massachusetts has had to reduce his product offerings and personally absorb higher costs.
Laurentian Bank reports $102.9M Q4 loss due to one-time charges, raises dividend

Laurentian Bank reports $102.9M Q4 loss due to one-time charges, raises dividend

MONTREAL — Laurentian Bank of sa¹ú¼Ê´«Ã½ raised its dividend Friday as it reported a fourth quarter loss related to restructuring charges, while adjusted profits showed gains from a year earlier.
Kansas City Southern shareholders approve takeover by CP Rail

Kansas City Southern shareholders approve takeover by CP Rail

CALGARY — Kansas City Southern shareholders gave a bright green light Friday to the railway's takeover by Canadian Pacific Railway Ltd. Shareholders voted 99.
2021 in Books: `Everything feels magnified'

2021 in Books: `Everything feels magnified'

NEW YORK (AP) — Books and authors mattered in 2021, sometimes more than the industry wanted. A 22-year-old poet became a literary star.
Federal banking regulator OSFI holds domestic stability buffer at 2.5%

Federal banking regulator OSFI holds domestic stability buffer at 2.5%

OTTAWA — The federal banking regulator is holding the domestic stability buffer at 2.5 per cent as it says the economy continues its recovery and sa¹ú¼Ê´«Ã½'s largest banks remain robust.
Statistics sa¹ú¼Ê´«Ã½ reports debt relative to household income up in Q3

Statistics sa¹ú¼Ê´«Ã½ reports debt relative to household income up in Q3

OTTAWA — Statistics sa¹ú¼Ê´«Ã½ says the amount Canadians owe relative to how much they are earning rose in the third quarter, pushed higher by growing mortgage debt.
sa¹ú¼Ê´«Ã½ on track to reduce fossil fuel use by 62 per cent by 2050

sa¹ú¼Ê´«Ã½ on track to reduce fossil fuel use by 62 per cent by 2050

CALGARY — A new forecast says sa¹ú¼Ê´«Ã½ is on track for a significant reduction in fossil fuel use by 2050, even as electricity demand grows and demand for crude oil continues.
Lululemon Q3 profits up 30% as revenues climb despite supply-chain challenges

Lululemon Q3 profits up 30% as revenues climb despite supply-chain challenges

VANCOUVER — Lululemon Athletica Inc. says its net profits surged more than 30 per cent in its latest quarter on a strong boost in revenues despite industry supply-chain challenges. The Vancouver-based athletic clothing company, which reports in U.S.