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Greater Toronto home sales drop 5.8 per cent in October amid high borrowing costs

Greater Toronto home sales drop 5.8 per cent in October amid high borrowing costs

TORONTO — Greater Toronto home sales fell 5.8 per cent last month compared with October 2022, with sales of townhouses recording the biggest decline.
Maple Leaf Foods posts smaller loss of $4.3M in Q3 as market challenges ease

Maple Leaf Foods posts smaller loss of $4.3M in Q3 as market challenges ease

TORONTO — The head of Maple Leaf Foods Inc. said he's confident the company has "all the building blocks in place" for success as markets normalize.
Canadian Natural president Tim McKay to retire, Scott Stauth to be promoted to role

Canadian Natural president Tim McKay to retire, Scott Stauth to be promoted to role

CALGARY — Canadian Natural Resources Ltd. president Tim McKay will retire next year after a five-year leadership stint that coincided with the Calgary-based company surpassing $100 billion in market value.
Highlights of the Ontario government's fall economic statement

Highlights of the Ontario government's fall economic statement

TORONTO — Ontario tabled its fall economic statement Thursday that shows the province delaying its path to balance by a year and the government proposing to launch its own infrastructure bank to fund major projects.
Gildan Activewear reports lower earnings, rising sales in third quarter

Gildan Activewear reports lower earnings, rising sales in third quarter

MONTREAL — Gildan Activewear Inc. says it earned US$127.4 million in the third quarter, down 16.7 per cent from US$153 million a year earlier. The Montreal-based company says net sales rose 2.3 per cent to US$869.
Nutrien optimistic on potash demand as earnings continue to take hit from volatility

Nutrien optimistic on potash demand as earnings continue to take hit from volatility

The unprecedented volatility in fertilizer markets that’s contributed to Nutrien Ltd.'s lower earnings so far this year is stabilizing, said chief executive Ken Seitz. "Much of that is behind us," said Seitz in an interview Thursday.
Cogeco reports decline in profit despite record quarterly internet customer additions

Cogeco reports decline in profit despite record quarterly internet customer additions

MONTREAL — Cogeco Inc. reported a profit attributable to shareholders of $29.2 million in its fourth quarter, down 19.8 per cent from earnings of $36.4 million during the same period a year ago.
Hinchcliffe highlights Canadian Motorsports Hall of Fame’s Class of 2023

Hinchcliffe highlights Canadian Motorsports Hall of Fame’s Class of 2023

TORONTO — James Hinchcliffe, a six-time winner on the IndyCar circuit, headlines the Canadian Motorsports Hall of Fame’s Class of 2023. The 36-year-old from Oakville, Ont.
Foreign meddling inquiry aims to balance national security with public transparency

Foreign meddling inquiry aims to balance national security with public transparency

OTTAWA — The public inquiry into foreign interference in Canada will "maximize the public disclosure" of the evidence it gathers without compromising national security, the judge heading it up said on Thursday.
Housing supply still outpacing demand in Vancouver market as sales increase

Housing supply still outpacing demand in Vancouver market as sales increase

VANCOUVER — The Real Estate Board of Greater Vancouver says the region continues to see an increase in newly listed properties, but sales still lag behind long-term trends. The board says October home sales totalled 1,996, a 3.
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