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Fairfax Financial more than doubles first-quarter earnings at US$1.3 billion

Fairfax Financial more than doubles first-quarter earnings at US$1.3 billion

TORONTO — Fairfax Financial Holdings Ltd. says it earned US$1.3 billion in the first quarter of 2023, more than double earnings of US$588.7 million a year earlier. The Toronto-based company, which reports in U.S.
Sun Life Financial sees first quarter earnings rise to $806 million

Sun Life Financial sees first quarter earnings rise to $806 million

TORONTO — Sun Life Financial Inc. says net income for the first quarter was $806 million, up more than 21 per cent from $665 million a year earlier. The Toronto-based company says diluted earnings per share were $1.37, up from $1.
Debt limit fight: Biden meeting with Congress leaders put off until next week as staff talks proceed

Debt limit fight: Biden meeting with Congress leaders put off until next week as staff talks proceed

WASHINGTON (AP) — President Joe Biden’s Friday follow-up meeting with congressional leaders on the debt limit crisis was abruptly postponed to next week, with staff-level talks making progress and expected to continue through the weekend, the White H
Greenpeace alleges 'greenwashing' in oilsands ads; Competition Bureau to investigate

Greenpeace alleges 'greenwashing' in oilsands ads; Competition Bureau to investigate

CALGARY — The Competition Bureau of sa¹ú¼Ê´«Ã½ has opened an investigation into allegations of greenwashing against the Pathways Alliance, a consortium of oilsands companies.
McCain steps down as Maple Leaf Foods CEO, optimistic about 2023

McCain steps down as Maple Leaf Foods CEO, optimistic about 2023

MISSISSAUGA, Ont. — The head of Maple Leaf Foods Inc. said he's confident in the future of the companyas he hands the reins of the protein producer to current president and chief operating officer Curtis Frank.
Most actively traded companies on the Toronto Stock Exchange

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (81.70, down 20,417.61): PetroTal Corp. (TSX:TAL). Energy. Up three cents, or 4.11 per cent, to 76 cents on 21.3 million shares.
Hopes dashed for a new deal in Newfoundland and Labrador's stalled crab fishery

Hopes dashed for a new deal in Newfoundland and Labrador's stalled crab fishery

ST. JOHN'S, N.L. — Crab fishers and processors have once again locked horns in Newfoundland and Labrador, prolonging a bitter standoff in the province's lucrative snow crab fishery.
S&P/TSX composite down more than 80 points, U.S. markets mixed Thursday

S&P/TSX composite down more than 80 points, U.S. markets mixed Thursday

TORONTO — sa¹ú¼Ê´«Ã½'s main stock index was down more than 80 points Thursday, led by losses in energy and metals, while U.S. markets were mixed after key data releases showed the economy continues to slow. The S&P/TSX composite index was down 81.
Airlines demand 'shared accountability' for flight disruptions

Airlines demand 'shared accountability' for flight disruptions

MONTREAL — The National Airlines Council has released a report calling on Ottawa to implement "shared accountability" in aviation, with the goal of smoother travel — and across-the-board responsibility for flight disruptions.
Scotiabank fined US$22.5M by U.S. agencies for use of messaging apps

Scotiabank fined US$22.5M by U.S. agencies for use of messaging apps

TORONTO — Bank of Nova Scotia has been fined US$22.5 million by two U.S. agencies for violations related to employee use of unapproved communication methods including text messages and WhatsApp.