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S&P/TSX composite slides on Friday but caps off month near record highs

S&P/TSX composite slides on Friday but caps off month near record highs

Canada’s main stock index on Friday continued to trim the gains that pushed it to a record closing high two days earlier, as investors retreated to defensive stocks while energy and information technology took a hit.
Bank of Canada expected to hold key rate after surprise Q1 GDP jump

Bank of Canada expected to hold key rate after surprise Q1 GDP jump

OTTAWA — The Canadian economy got a boost to start the year as businesses rushed to get ahead of tariffs, and some economists believe that lift will be enough to keep the Bank of Canada on the sidelines at its interest rate decision next week.
Taylor Swift has regained control of her music, buys back first 6 albums

Taylor Swift has regained control of her music, buys back first 6 albums

NEW YORK (AP) — Taylor Swift has regained control over her entire body of work. In a lengthy note posted to her official website on Friday, Swift announced: “All of the music I’ve ever made now belongs to me.
Strathcona formally launches takeover bid for oilsands peer MEG Energy

Strathcona formally launches takeover bid for oilsands peer MEG Energy

CALGARY — Strathcona Resources Ltd. has formally launched its takeover bid for fellow oilsands producer MEG Energy. Its offer, open until Sept. 15, comprises 0.62 of a common share of Strathcona and $4.
RioCan REIT asks court to put joint venture with Hudson's Bay into receivership: docs

RioCan REIT asks court to put joint venture with Hudson's Bay into receivership: docs

TORONTO — RioCan Real Estate Investment Trust is pushing to put a joint venture it owns with Hudson's Bay into receivership. A motion filed late Thursday from the real estate firm asks the Ontario Superior Court to appoint FTI Consulting Canada Inc.
Federal government posts $43 billion deficit between April '24 and March

Federal government posts $43 billion deficit between April '24 and March

OTTAWA — The federal government says it ran a budgetary deficit of $43.2 billion between April 2024 and this past March. The deficit compared with $50.9 billion for the same stretch in the 2023-2024 fiscal year.
US inflation gauge cools with little sign of tariff impact, so far

US inflation gauge cools with little sign of tariff impact, so far

WASHINGTON (AP) — A key U.S. inflation gauge slowed last month as President Donald Trump’s tariffs have yet to noticeably push up prices .
Saskatchewan premier declares state of emergency as rampaging wildfires spread

Saskatchewan premier declares state of emergency as rampaging wildfires spread

PRINCE ALBERT — Saskatchewan declared a provincewide state of emergency Thursday in its fight against rampaging wildfires that have forced thousands to flee.
Car shoppers pessimistic about Canada's zero-emissions vehicle sales target: survey

Car shoppers pessimistic about Canada's zero-emissions vehicle sales target: survey

A new survey has found that the majority of car buyers don't think the Canadian government can achieve its target of 100 per cent zero-emission vehicle sales by 2035, as interest in electric vehicle purchases remains largely unchanged from last year.
A global rally for stocks stumbles on uncertainties about Trump's tariffs, but Nvidia shines

A global rally for stocks stumbles on uncertainties about Trump's tariffs, but Nvidia shines

NEW YORK (AP) — A big rally for stocks that began in Asia ran out of momentum amid uncertainty about what will happen next after a U.S. court blocked many of President Donald Trump’s tariffs. The S&P 500 rose 0.
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