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Scotiabank profit dips as it prepares for potential turbulence ahead

Scotiabank profit dips as it prepares for potential turbulence ahead

TORONTO — Cautious borrowers and a worsening economic outlook pushed Scotiabank earnings slightly down in the second quarter from last year as the bank put aside more money for potentially bad loans ahead. The bank reported a net income of $2.
Hudson's Bay says 8,300 workers to be out of a job by June: court docs

Hudson's Bay says 8,300 workers to be out of a job by June: court docs

TORONTO — More than 8,300 workers will have lost their job and some benefits by the time Hudson's Bay closes all of its stores at the start of June, new court documents filed by the collapsing retailer say.
Equifax report says 1.4M consumers missed a credit payment in Q1

Equifax report says 1.4M consumers missed a credit payment in Q1

There's a deepening divide between consumers in the face of economic uncertainty as those missing payments rose compared with a year ago, a new Equifax report shows.
Canada faces 'massive challenge' as NATO eyes new 5% spending target: expert

Canada faces 'massive challenge' as NATO eyes new 5% spending target: expert

OTTAWA — When representatives of NATO nations meet in The Hague late next month, they're expected to dramatically hike the alliance's defence spending target for members — the one Canada is failing to hit already.
Stephen Hayes Dacus becomes first foreign CEO of 7-Eleven in Japan

Stephen Hayes Dacus becomes first foreign CEO of 7-Eleven in Japan

TOKYO (AP) — Stephen Hayes Dacus was approved Tuesday to be the new chief executive of the operator of 7-Eleven, the first foreigner to lead the Japanese convenience store chain.
Silent tribute and fundraisers mark one month since Vancouver festival attack

Silent tribute and fundraisers mark one month since Vancouver festival attack

VANCOUVER — Members of Parliament held a moment of silence on the one-month anniversary of the deadly attack on the Lapu Lapu Day festival in Vancouver, as members of the Filipino community and others continue to grapple with its impact.
Via Rail workers give Unifor strike mandate, could take action as soon as June 22

Via Rail workers give Unifor strike mandate, could take action as soon as June 22

MONTREAL — Unifor says almost 98 per cent of the Via Rail workers it represents have voted to give the union the power to launch a strike next month. The union says members belonging to Unifor Council 4000 and Local 100 gave it a 97.
Canada needs to boost productivity and housing affordability: OECD report

Canada needs to boost productivity and housing affordability: OECD report

OTTAWA — A new report by the OECD says Canada needs to boost productivity and housing affordability to strengthen growth as it faces trade uncertainty and U.S. tariffs that are taking a bite out of the economic outlook.
Judge approves $500M settlement in Loblaw, George Weston bread price-fixing case

Judge approves $500M settlement in Loblaw, George Weston bread price-fixing case

TORONTO — Some Canadian shoppers may soon receive cash from a class-action lawsuit that accused Loblaw Cos. Ltd. and its parent company George Weston Ltd. of engaging in an industry-wide scheme to fix the price of bread.
Canada Post says response to latest union comments coming shortly

Canada Post says response to latest union comments coming shortly

OTTAWA — Canada Post says it will respond to its union's latest negotiation comments as soon as possible as uncertainty caused by the contract dispute weighs heavily on its business.
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