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National Business
National Business
Canadian bank funding stable despite $57B market cap loss: report
TORONTO — Credit rating agency DBRS Morningstar says funding levels at Canadian banks are stable despite about $57 billion in lost market capitalization for the Big Six banks over the past two weeks.
Mar 20, 2023 11:41 AM
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Credit Suisse-UBS deal offers hope, but bank doubts persist
LONDON (AP) — Credit Suisse shares plunged Monday after Swiss authorities cut a deal with its bigger rival UBS to acquire the troubled bank at a marked-down price.
Mar 20, 2023 11:40 AM
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Wall Street strengthens after big bank deal, regulator moves
NEW YORK (AP) — Wall Street is rising Monday after regulators pushed together two huge banks over the weekend and made other moves to build confidence in the struggling industry. The S&P 500 was 0.
Mar 20, 2023 11:28 AM
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RBC fossil fuel expansion funding jumped 45% last year to US$10.8B: report
TORONTO — Data from an environmental group shows RBC's fossil fuel expansion-related funding jumped by almost half last year to its highest level since the Paris climate agreement was reached in 2015. Stand.earth says the bank's US$10.
Mar 20, 2023 11:24 AM
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Nordstrom Canada to begin liquidation Tuesday after receiving court's permission
TORONTO — The liquidation sales at Nordstrom stores across Canada will begin Tuesday.
Mar 20, 2023 10:14 AM
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Amazon cuts 9,000 more jobs, bringing 2023 total to 27,000
NEW YORK (AP) — Amazon plans to eliminate 9,000 more jobs in the next few weeks, CEO Andy Jassy said in a memo to staff on Monday.
Mar 20, 2023 10:04 AM
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New York Community Bank to buy failed Signature Bank
NEW YORK (AP) — New York Community Bank has agreed to buy a significant chunk of the failed Signature Bank in a $2.7 billion deal, the Federal Deposit Insurance Corp. said late Sunday.
Mar 19, 2023 7:45 PM
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UBS to buy Credit Suisse for nearly $3.25B to calm turmoil
GENEVA (AP) — Banking giant UBS is buying troubled rival Credit Suisse for almost $3.25 billion, in a deal orchestrated by regulators in an effort to avoid further market-shaking turmoil in the global banking system.
Mar 19, 2023 6:19 PM
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Indigenous communities leading Canada's clean energy boom
CALGARY — On a wintry day last November, Daphne Kay looked up at an expanse of gleaming solar panels located on Cowessess First Nation reserve land just east of Reginaand cried.
Mar 19, 2023 8:00 AM
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Five things to watch for in the Canadian business world in the coming week
TORONTO — Five things to watch for in the Canadian business world in the coming week
Mar 19, 2023 8:00 AM
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