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Public perceptions of banking regulator influenced mortgage decision: OSFI head
TORONTO — The recent decision by Canada's banking regulator to relax a mortgage stress test rule was shaped in part by concerns about public perception of the agency, said Office of the Superintendent of Financial Institutions head Peter Routledge.
Oct 2, 2024 3:01 PM
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AWS director wants Canada's AI legislation to mesh with other countries
TORONTO — Amazon Web Services’ director of global artificial intelligence is encouraging Canada not to go it alone when it comes to regulating the technology.
Oct 2, 2024 2:54 PM
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Nav Canada has no record of chemtrails conversation with Alberta government
Alberta Premier Danielle Smith has faced criticism after a weekend United Conservative Party town hall where she responded to an audience member's concerns about chemtrails being sprayed over the city.
Oct 2, 2024 2:36 PM
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Air Transat considering 80-person layoff amid financial turbulence
MONTREAL — Transat A.T. Inc. is preparing to lay off up to 80 workers as the tour operator struggles to turn its finances around, according to a preliminary notice sent to the Quebec government.
Oct 2, 2024 2:21 PM
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S&P/TSX composite down Wednesday, U.S. stock markets drift higher
TORONTO — Canada's main stock index retreated from its all-time high on Wednesday, weighed down by telecom, industrial and utilities stocks, while U.S. markets drifted higher.
Oct 2, 2024 1:41 PM
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About half of the 7,000 Nova Scotians waiting for public housing are seniors
HALIFAX — About half of the 7,020 households on Nova Scotia's wait-list for public housing are composed of seniors, the deputy minister of housing said Wednesday, a number the opposition said should make the government feel ashamed.
Oct 2, 2024 1:28 PM
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AI boom could spur large-scale investments in clean energy: experts
CALGARY — The coming boom in artificial intelligence represents both a threat and an opportunity for the clean energy transition, market experts suggest.
Oct 2, 2024 1:28 PM
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Plastics plant benzene removal leads First Nation to suggest some residents evacuate
A First Nation in southwestern Ontario has recommended some residents evacuate, citing the risk of elevated levels of a toxic chemical being removed from a neighboring Sarnia plastics plant.
Oct 2, 2024 1:06 PM
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Stock market today: Wall Street holds steadier as oil prices pare their gains
NEW YORK (AP) — U.S. stocks drifted to a mixed close near their record levels. The S&P 500 ended little changed Wednesday, a day after sliding from its record on worries about a possible widening of the fighting in the Middle East.
Oct 2, 2024 1:05 PM
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Swedish investment group adds CCM to its roster as it makes a play for growth
MONTREAL — Swedish private equity firm Altor has signed a deal to buy CCM Hockey, as the two companies eye new demographics and try to build out the global market share of Canada's oldest hockey equipment maker.
Oct 2, 2024 1:03 PM
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